New market study, "Philippines Consumer Electronics Report Q3 2016", has been published

The Philippine s is deeply connected to the global consumer electronics industry as a major supplier of intermediate components, and as incomes have risen it has increasingly become a growth opportunity for the sale of finished products. Our bullish household income growth outlook for the Philippines is the basis for a strong device demand growth forecast that we believe will benefit vendors through first time buyers, a significant opportunity given low device penetration rates in some key categories, as well as an easing of price sensitivity in the mid and high-end local market. We forecast the overall market will grow at a CAGR of 7.0 % 2016-2020 to reach USD9.17 bn in 2019. While the core scenario is for strong growth, there is downside due to regional economic uncertainties that could undermine device demand growth and/or disrupt the local electronics industry .

Full Report Details at
- http://www.fastmr.com/prod/1170554_philippines_consumer.aspx?afid=301

Latest Updates & Industry Developments

Computer Sales: USD2.10bn in 2016 to USD2.92bn in 2020, a CAGR of +8.6% in US dollar terms. Purchasing power gains by households envisaged over the medium term is the foundation for our computer hardware market outlook, where a deepening of the PC market and easing price sensitivity in the middle class should be targets for vendors.
AV Sales: USD1.04bn in 2016 to USD1.35bn in 2020, CAGR of +6.8%. Digital migration and rising incomes will drive TV set upgrade demand while stabilisation of the digital camera market will allow the growth rate to move higher over the medium term.
Handset Sales: USD3.86bn in 2016 to USD4.90bn in 2020, a CAGR of +6.2%. In the short term smartphone boom will continue, but as the penetration rate climbs growth will slow in the later years of our forecast.

The Philippines Consumer Electronics Report has been researched at source and features latest-available data covering both the manufacture and sale of consumer electronics products, critically analysing - and forecasting - the market dynamics affecting each sub-sector, including audio-visual, computers, mobile handsets, gaming and automotives electronics. Furthermore, the report analyses the domestic and global economic trends driving device demand and provides company rankings and competitive landscapes covering leading multinational and national consumer electronics companies and analysis of latest industry news and trends in Philippines.

BMI Research'sPhilippines Consumer Electronics Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the consumer electronics industry in Philippines.

Key Benefits
Benchmark BMI's independent consumer electronics industry forecasts for Philippines to test other views - a key input for successful budgeting and strategic business planning in the Philippine consumer electronics market.

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