The Consumer Electronics Association projects that global consumer electronics revenues will grow to $964 billion in 2011 and could reach the one trillion mark. The announcement coinced with the Consumer Electronics Show which runs in Las vegas from 6-9 January.
Global 2010 revenue reached $873 billion worldwide which represents a rebound from a dip in 2009.
Smart phones contributed $51 billion to the 2010 revenues, with $22.9 billion generated by mobile PCs. Both categories had the highest volume of sales in Western Europe. Tablet sales led the mobile computer category in North America.
Blu-ray had “slow and steady growth” with 23 million in unit sales in 2010 but this is expected to grow to 30 million in 2011. The format is not yet available in all regions of the world and consequently North America dominated the Blu-ray market with 15 million in unit sales.
