2013-02-19 10:15:41 - New Consumer Goods research report from Business Monitor International is now available from Fast Market Research
BMI View: We estimate that Singapore's consumer electronics spending grew by about 5% in US dollar terms in 2012 to US$4.2bn. Strong sales of smartphones in 2011 underlined the opportunity for high-end product innovation to drive revenue growth in the mature Singaporean market. 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, DSLR cameras, 3D TV sets, Blu-ray DVD players, tablets and high-end notebooks. However, some other product groups such as Plasma TV sets and compact digital cameras are experiencing relatively flat growth.
Headline Expenditure Projections
Computer hardware sales: US$2.86bn in 2012 to US$3.03bn in 2013, +6% in US
dollar terms. Forecast in US dollar terms unchanged, but Windows 8, tablets and ultrabooks should be growth drivers.
AV sales: US$940mn in 2012 to US$998mn in 2013, +6% in US dollar terms. Forecast in US dollar terms unchanged, with product innovation the main growth driver.
Full Report Details at
- www.fastmr.com/prod/536567_singapore_consumer_electronics_report ..
Handset sales: US$349mn in 2012 to US$374mn in 2013, +7% in US dollar terms. Forecast in US dollar terms unchanged, with smartphones the main handset market driver.
Singapore's score was 71.3 out of 100.0, which gives it first place in our latest Asia CE RRR table. The country's high industry risk and country risk scores of 85 and 85.8 respectively reinforced its competitive CE market.
Key Trends & Developments
The migration of Singapore's free-to-air channels to a digital platform, due to take place in 2013, will create a market for digital converters for those 40% of TV households that do not currently subscribe to pay TV services. However, most households already have flat-screen TV sets. Vendors will therefore play to Singaporean consumers' enthusiasm for new technologies with releases of LED, 3D and internet-enabled TV sets. An expected transition to high-definition broadcasting over the next few years will also provide consumers with a further incentive to upgrade for a better viewing experience.
As most Singapore households already have flat-screen TV sets, vendors will play to Singaporean consumers' enthusiasm for new technologies with releases of LED, 3D and internet-enabled TV sets. Demand for larger and thinner screens is now the main driver of growth, as consumers seek a higher quality viewing experience. A trend for households purchasing multiple sets will stimulate sales, as will new technologies such as 3D TV sets.
The launch in Singapore of Windows 8 in October 2012 was accompanied by the local release of new PCs and tablets from leading vendors featuring the new operating system. Vendors and retailers will be hoping for one more big enterprise PC upgrade cycle, before the BYOD (bring-your-own-device) model gains preeminence. Indeed, studies have estimated that 95% of Singapore office workers already bring their own devices to work. This has seen the increasing adoption of portable devices such as tablets for business purposes.
Report Table of Contents:
BMI Industry View
- CE Market
- CE Industry
- Table: Consumer Electronics Overview, 2010-2017
- Economic Analysis
- Table: Singapore - Economic Activity
Industry Risk Reward Ratings
- Table: Asia Pacific CE Risk/Reward Ratings, Q113
- Table: Computers - Demand, 2010-2017
- AV Devices
- Table: AV Devices - Demand, 2010-2017
- Mobile Handsets
- Table: Mobile Handsets - Demand, 2010-2017
- AV Devices
- Mobile Handsets
Industry Trends And Developments
- Table: IT Hardware Output, 2010-2017
- Table: Singapore Production Of Electronic Products And Components Index, 2002-2011 (2007 = 100)
- Table: Semiconductors, 2010-2017
- Table: Electronic Components Wholesale Domestic Trade Index, 2009-2011
- Table: Electronic Components Wholesale Foreign Trade Index, 2009-2011
- Table: Telecommunications And Computers, Wholesales Trade Foreign Index, 2009-2012
- Table: Authorities
- Global Foundries
- Table: Singapore's Population By Age Group, 1990-2020 ('000)
- Table: Singapore's Population By Age Group, 1990-2020 (% of total)
- Table: Singapore's Key Population Ratios, 1990-2020
- Table: Singapore's Rural And Urban Population, 1990-2020
- Electronics Industry
About Business Monitor International
Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at www.fastmr.com/catalog/publishers.aspx?pubid=1010
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