Sunday, August 13, 2006

Sales of Consumer Electronics Continues Robust Growth

Total factory-to-dealer consumer electronics sales are expected to reach $140 billion in 2006, an eight percent growth over 2005, as shown in figures released today by the Consumer Electronics Association (CEA) in its semi-annual U.S. Consumer Electronics Sales and Forecasts Report.

Some highlights:

  • Display technologies continue to be the front runner in the CE industry with revenues reaching $19 billion in 2005 and expected to exceed $22 billion in 2006.

  • High resolution DVD players in both Blu-ray and HD-DVD formats entered in the market place this year. Initial product delays have forced reduced volumes, but shipments of home component models should reach more than one million units in 2007.

  • Total gaming shipments, including both hardware and software, will reach $12.5 billion this year with the forthcoming release of Sony's Playstation 3 and Nintendo's Wii next gen consoles . Growth will continue through 2007 with total sales expected to exceed 2006 figures by 16 percent.

  • Fueled by rising shipments of portable navigation products, 2006 revenues in the mobile video and navigation category are expected to top $2.3 billion - 21 percent higher than CEA previously forecasted in January.

"The mid-year numbers show continued robust growth in the CE industry, category to category," said CEA President and CEO Gary Shapiro.