CEA raises consumer electronics outlook

Circuits Assembly, Sept, 2008 by Chelsey Drysdale

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

The revised forecast predicts 2008 shipments will grow 7.3%, and another 6% next year, reaching more than $183 billion. The forecast is based on a consensus approach of polling nearly 90 manufacturers and other industry constituents across the CE chain.

Leading the way in 2008 are digital displays, with shipment revenues approaching $28 billion, climbing 24% this year. Portable video game systems will also shine in 2008, as consumers continue to seek CE products they can use anywhere, anytime. Smartphones will see revenue growth of 51% this year, comprising 28% of total wireless handset shipments.