Thursday, January 4, 2007

Consumer Electronics Forecast to Surpass $155 Billion in 2007

The Consumer Electronics Association (CEA) is predicting that factory-to-dealer sales of consumer electronics will exceed $155 billion in 2007, or seven percent growth.

CEA projects that display technologies will continue to be the star category in the industry and account for $26 billion in revenues for 2007. The migration to digital along with drastic price declines in plasma and LCD displays are contributing to growth.

Todd Thibodeaux, CEA's senior vice president of industry relations, acknowledged 2006 industry growth far exceeded CEA's conservative forecast at the beginning of the year. "We originally forecast eight percent growth, but when all was said and done, we saw an impressive 13 percent growth for the year."