Consumer Electronics to Strike Gold in US 2015

Published By : 07 Jan 2015 | Published By : QYRESEARCH

The U.S. Consumer Electronics Sales and Forecasts revealed that the consumer electronics industry revenues are expected to grow 3 per cent in 2015. They will reach a record high of US$223.2 billion. The data was referred from the semi-annual industry report that was released by the CEA on Tuesday.

The CEA forecast shows the U.S. factory side sales to their dealers and includes more than 100 consumer electronics products. It also includes revenue projections for new and emerging product categories. It said that the category is expected to double after growing to 108 per cent in 2015 on a year over year basis.

The categories in new technologies include 4K ultra high definition TVs, 3D printers, unmanned systems, connected thermostats, IP cameras, and wearables such as fitness and health devices, smart eyewear and smartwatches.

Gary Shapiro, the president and CEO of CEA, stated the revenue projections in his opening speech at the annual international Consumer Electronics Show. The CES is the largest gathering in the world for consumer electronics products, services, and technologies. It will be running from 9 January.

Shapiro also added that the attraction of consumer’s to new technology is highlighted by the forecast, which shows no signs of slowing down for the industry.

According to him, continuous innovation is the key aspect in consumer technology. Consumer demand has exploded for new technologies instantly for all the categories that were too obscure to expand four years ago. CES 2015 will be showcasing all these new technologies that are set to make their way into the consumer market.
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