Singapore consumer electronics market: Computer hardware market valued at $3bn in 2013
Singapore Consumer Electronics Report Q3 2013 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-04-24 10:23:02
We estimate that Singapore´s consumer electronics spending grew by about 5% in US dollar terms in 2012 to US$4.5bn. In 2013, spending on high-end consumer electronics products should be supported by the tight labour market. Strong sales of smartphones, tablets, Blu-ray players and digital cameras have underlined the relative buoyancy of the Singapore consumer, as well as the popularity of technology products as gifts. Singapore has one of the highest smartphone penetration rates in the world, estimated at around 75%. In the AV category, digital broadcasting migration will create a market for digital converters based on the DVB2 standard. There are a number of other key growth areas, such as 3G phones, Wi-FI enabled, ultra-HD and Smart 3D TV sets, Blu-ray DVD players, tablets and high-end notebooks.
Headline Expenditure Projections
Computer hardware sales: US$2.9bn in 2012 to US$3.0bn in 2013, +6% in US dollar terms. Forecast in US dollar terms unchanged, but Windows 8, tablets and ultrabooks should be growth drivers.
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