Global CE Market Seen Rebounding
Global consumer electronics revenue is set to recover this year after 2009's large drop, thanks largely to sales of LCD TVs, appliances, set-top boxes and other products, iSuppli Corp reported this week. The research firm predicted a 1.6 percent rise in OEM revenue, after the market dropped 6.7 percent last year.
iSuppli projected that revenues will rise from $312.3 billion in 2009 to $317.3 billion this year.
“Sales of consumer electronics rebounded in the second half of the year, setting the stage for renewed growth in 2010 and beyond,” Jordan Selburn, principal analyst with iSuppli, said as part of the announcement. “One major bright spot for consumer electronics in 2009 was the LCD-TV segment, which achieved 4.2 percent revenue growth due to incentives in China and the increasing sales of LED-backlit sets.