Analyst: Global Consumer Electronics Revenue Could Reach One Trillion in 2011
Consumer Electronics Association projects that rebounded market will reach at least $964 billion this year as tablets continue gaining in popularity here and abroad.
LAS VEGAS -- The Consumer Electronics Association projects that global consumer electronics revenues would grow to $964 billion in 2011 -- -possibly even reaching the one trillion mark.
Global 2010 revenues were $873 billion worldwide, rebounding 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. That is expected to grow to 30 million in 2011. North America dominated the Blu-ray market with 15 million in unit sales, though the format is not yet available in all regions of the world.
The Consumer Electronics Show runs January 6-9 in Las Vegas.