NPD: 9 Percent Increase Seen in CE Spending This YearAugust 22, 2013
NPD Group this week said that consumers are expected to spend 9 percent more on consumer electronics devices this year than in 2012, according to the group's Household Penetration Study.
NPD found that consumers are expected to spend an average of $555 on new CE devices, while 72 percent of consumers expect to buy at least one CE product in the next year.
Leading products include tablets and flat-panel TVs, while headphones and wireless streaming speakers remain growing categories.
“As consumer electronics products become embedded with more features and evolve in design, existing product categories will continue to be challenged by new devices coming to the market,” Ben Arnold, NPD's director of industry analysis, said as part of the announcement.
“While mobile devices have been the catalyst behind much of the current shifts in the industry, more change is likely upon us as hardware manufacturers and application developers push into new usage scenarios and environments.”