Consumer Electronics Revenue Expected to Top 700B in 2009: related news

Consumer Electronics Revenue Expected to Top $700B in 2009

Arlington, Va. - Despite a slowdown in the U.S. economy, worldwide revenue for consumer electronics will grow nearly 10% percent this year, hitting the $700 billion mark by 2009, according to new data from the Consumer Electronics Association (CEA) and the GfK Group.

Global Consumer Electronics Will Grow to $700 Billion Next Year

Worldwide revenue for consumer electronics (CE) will grow nearly 10% in 2008 and will hit the $700 billion mark by 2009, according to new data from the Consumer Electronics Association (CEA) and the GfK Group. According to the CEA/GfK Worldwide Consumer Electronics Sales & Forecast, consumers will spend $42 billion more on CE products in 2009 than in 2008. Countries with fast-growing economies and large emerging middle classes, such as the BRIC countries (Brazil, Russia, India, and China), will lead the way in new CE revenue growth. By 2009, China will account for nearly 15% of global CE revenue, trailing only North America (22% share) and Western Europe (16% share). Mobile devices make up the largest CE category worldwide, both in terms of unit sales and revenue.

CEA Calls for Submissions for Innovations 2009 Awards to Honor Best in Consumer Electronics

ARLINGTON, Va., Aug 18, 2008 (BUSINESS WIRE) -- Entries for the 2009 International CES Innovations Design and Engineering Awards will be accepted today through September 24, 2008, the Consumer Electronics Association (CEA)(R) announced today. This annual competition honors outstanding design and engineering in 34 consumer electronics product categories. The 2009 Best of Innovations honorees will be announced at the New York Press Preview on November 11, 2008 at the Metropolitan Pavilion and showcased at the 2009 International CES, January 8-11, 2009.

Consumer Electronics Association to Visit Port of San Diego Highlighting Benefits of International Trade to U.S. Economy

Visit part of 34-state "America Wins With Trade" Bus Tour SAN DIEGO, Aug. 8 /PRNewswire-USNewswire/ -- The following event announcement was issued by the Consumer Electronics Association: WHAT: The Consumer Electronics Association's (CEA) "America Wins With Trade" bus rolls into town this Monday for a visit designed to highlight the benefits of international trade agreements to the American economy. The local stop is part of 34-state tour to promote the importance of trade to American jobs and economic growth in the U.S. CEA members in attendance will share information and demo their electronics products. WHEN: Monday, August 11 at 10:00 a.m. WHO: The Consumer Electronics Association, San Diego Port Authority, San Diego World Trade Center, American Electronics Association, San Diego Regional Chamber of Commerce, government officials and b

Study: global consumer electronics industry to grow by $700 billion by 2008

imageWorldwide revenue for consumer electronics (CE) will grow nearly ten percent this year, hitting the US$700 billion mark by 2009, according to new data from the Consumer Electronics Association (CEA) and the GfK Group.

U.S. consumer electronics sales to exceed expectations this year

Overall shipment revenue of consumer electronics will top $173 billion in the U.S. this year, which is $2 billion more than January's prediction by the Consumer Electronics Association.

GFK ASIA REPORTS H1 TOTAL ASIA RETAIL SPEND ON CONSUMER ELECTRONICS REACHES US$ 11.5 BILLION

SINGAPORE, Aug. 18 /Xinhua-PRNewswire-AsiaNet/ -- Gfk Asia Releases 2008 Mid Year Pan Asian Retail CE Summary Showing Healthy Growth In Consumer Electronics Demand Across Asia Despite Reports Of A Gloomy Global Economic Climate GfK Asia releases its 2008 Mid Year Pan Asia Consumer Electronics Data Summary, highlighting the trends in the region's growing consumer electronics sector and showing a retail spend of approximately US$ 11.5 Billion dollars in the first half of 2008, which is an increase of 13% year on year. The report includes data from 13 countries* overall, covering the following products: television; DVD player recorder, and DVD portable; audio home system and home theatre system; camcorder; MP3 digital portable audio player and MP4 digital portable video player; car navigation; and, headphones.

Zip Express Installation Announces Wild West Electronics as New Online Retail Partner for Consumer Electronics Installation Service

MINNEAPOLIS, BUSINESS WIRE -- Zip Express Installation, the first next-day installation service for consumer electronics retailers, announces a new online retail partnership with Wild West Electronics (www.wildwestelectronics.net) to provide installation to its customers at checkout. Zip Express provides an in-house installation department for Wild West Electronics and other retail partners, enabling them to provide installation services to customers without the challenges involved with maintaining an expensive workforce, vehicles, human resources and equipment.

CEA Raises Consumer Electronics Outlook

ARLINGTON, VA – US shipments of consumer electronics will top $173 billion in 2008, according to new data from the Consumer Electronics Association. That’s up $2 billion from the trade group’s January estimates.

New Warranty Option for Consumer Electronics

A new warranty option for consumer electronics. Bloomberg Boot Camp, a report on today's technology. Whether you are purchasing a new flat screen TV....a computer....or a dishwasher....chances are the merchant will try to sell you an extended warranty. Consumer Reports often advises against spending the extra money. Now a Web site called GreenUmbrella.com is selling a flat rate 9.95 a month extended warranty plan....to cover just about all of your consumer electronics purchases. The site is part of Experian Interactive, owner of sites such as FreeCreditReport.com and PriceGrabber.com. It is partnering with the Warranty Group...for repairs. GreenUmbrella general manager Mike Balducci....

Free Connected Home Whitepaper Identifies Increasing Adoption of Internet-Enabled Consumer Electronics Devices, According to MultiMedia Intelligence

(EMAILWIRE.COM, August 07, 2008 ) SCOTTSDALE, Ariz., Adoption of an Internet Protocol (IP) interface is growing across virtually all TV-oriented consumer electronics devices, according to a new whitepaper recently released by MultiMedia Intelligence. Manufacturers of IPTV, cable, and satellite set-top boxes, video game consoles, Blu-ray DVD players, audio devices, digital media adapters and a new class of Internet-enabled TVs are adding an IP connection to their boxes. By 2012, MultiMedia Intelligence projects over 217 million Internet-enabled consumer electronics will be shipping annually. However, simply integrating an IP connection into CE devices is not enough to achieve the truly transformational impact that this market could ultimately have.

Consumer Survey Report on Digital Storage in Consumer Electronics for 2008

DUBLIN, Ireland (Business Wire) -- Research and Markets (http://www.researchandmarkets.com/research/b0bb43/consumer_survey_on) has announced the addition of the "Consumer Survey on Digital Storage in Consumer Electronics 2008" report to their offering.

Consumer Survey Report on Digital Storage in Consumer Electronics for 2008

DUBLIN, Ireland, Aug 15, 2008 (BUSINESS WIRE) -- Research and Markets ( http://www.researchandmarkets.com/research/b0bb43/consumer_survey_on) has announced the addition of the "Consumer Survey on Digital Storage in Consumer Electronics 2008" report to their offering.

CEA Calls for Submissions for Innovations 2009 Awards to Honor Best in Consumer Electronics

ARLINGTON, Va. - Entries for the 2009 International CES Innovations Design and Engineering Awards will be accepted today through September 24, 2008, the Consumer Electronics Association (CEA)® announced today. This annual competition hon

Consumer Electronics Association Battles for Free Trade

The Consumer Electronics Association takes its "Free Trade" battle to the streets. Bloomberg Boot Camp, a report on today's technology. The association which represents more than two thousand companies large and small in the consumer electronics field.....has embarked on what it calls the "America Wins With Trade" campaign. CEO Gary Shapiro....

Consumer Electronics Growth Tied To Better Design Coordination With Chip Suppliers

When it comes to designing new products, the consumer electronics (CE) and semiconductor sectors of the industry are going to have to get their acts together—literally, according to a joint study by the Consumer Electronics Association, the Global Semiconductor Alliance, and KPMG LLP, an audit, tax, and advisory firm.

IFA Consumer Electronics Fair opens in Berlin

Visitors look at flat screens televisions at the Panasonic exhibition stand on the International Funkaustellung (IFA) consumer electronics fair in Berlin Aug.29, 2008. The IFA is the worlds largest consumer electronics exhibition opened to the public from Aug. 29 to Sept. 3, 2008.(Xinhua/Reuters Photo)

LG Electronics expected to overtake Motorola in handset sales

SEOUL, Aug 4, 2008 (Asia In Focus via COMTEX) -- MOT | Quote | Chart | News | PowerRating -- LG ELECTRONICS INC. (KSE:066570) is expected to overtake MOTOROLA INC. as the world's No. 3 handset seller in the third quarter despite narrowly missing market expectations of achieving the feat in quarter two, as the South Korean electronics giant's models continue to gain popularity. LG Electronics reported Tuesday that it sold 27.7 million mobile phones at home and abroad in the second quarter, up 14 per cent from the previous three months, making the sales figure the world's fourth-largest.

Netflix, LG Reveal Streaming Capable Blu-Ray DVD Player

In January, Netflix (NFLX) announced the first of several ambitious partnerships to integrate the software behind their “Watch Now� streaming video service into TV-connected consumer electronics. The deal, they revealed just prior to the Consumer Electronics show, was with LG (LPL) for a set-top box. At the time, the battle for next-gen DVD standards was still ongoing so it was unclear if “set top box� meant we might see a DVD player (HD DVD or Blu-ray) or some other device. Little clarifying information was provided. Today, long after the standards war ended, the mail-order DVD pioneer and the South Korean electronics giant filled in the blanks with detail.

Consumer electronics keep semi sales strong, despite slipping US consumer confidence, SIA reports

The Semiconductor Industry Association reports that growing sales of consumer electronics in emerging markets have become a major factor driving semiconductor sales.

LG Electronics Opens New U.S. Design Center

NEW YORK, July 31 /PRNewswire/ -- LG Electronics today announced the relocation of its U.S. Design Center from Englewood Cliffs, N.J. to the heart of New York City. The design center, located in Union Square, will be charged with developing stylish and innovative products that meet the needs of American consumers, while further supporting LG's premium brand positioning in consumer electronics, digital appliances and mobile communications. Focusing specifically on industrial design, the center will look to incorporate U.S. consumer preferences into LG products as well as augment product development and design capabilities. "LG is committed to delivering style with substance across our product categories, and to do that we must constantly push the boundaries of design," said Michael Ahn, CEO, LG Electronics North America.

LG Electronics Showcases smART Technology for Holiday Season

NEW YORK, July 31 /PRNewswire/ -- Led by the new BD300 Network Blu-ray Disc Player with internet streaming capability, LG Electronics highlighted its latest stylish consumer electronics, digital appliance and mobile phone products at the company's 2008 holiday preview. During its annual Summer Line Show -- at New York's Morgan Library & Museum, a location famous for housing one of the world's greatest collections of artistic works -- LG Electronics is showcasing its latest works in "An Exhibition of smART Technology." "LG seeks to enhance consumers' lifestyles with intelligent features, intuitive functionality, exceptional performance and stylish design," said Michael Ahn, president and CEO, LG Electronics North America. "The featured products, from our SteamWasher which reduces allergens, to our mobile phone with advanced photo editing t

NEC Debuts Microcontrollers with Consumer Electronics Control Circuit

NEC Electronics Corporation (TSE:6723) announced that it has commercialized four models of a new 16-bit microcontroller with on-chip flash memory ("All Flash microcontroller"), with a consumer electronics control (CEC) circuit enabling interdependent control of digital televisions, DVD recorders, and other devices via a single cable connection.

Fridges invade Berlin consumer electronics show

BERLIN - The Ifa, Europe's top consumer electronics show, is normally all about gadgets that make life more entertaining with the latest flat screen televisions, stereo equipment and the like.

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