Digital cameras, flat panel displays, wireless communications devices and MP3 players continue to drive consumer electronics industry sales growth. So says the Consumer Electronics Association in its revised U.S. Consumer Electronics Sales and Forecast Report.
According to CEA Market Research, total CE factory-to-dealer sales in 2005 are projected to increase 9 percent on revenues of $123 billion. CEA also reported that final year-end figures indicate total industry sales grew 10 percent in 2004, totaling $113 billion in revenues.
CEA upwardly revised MP3 projections based on continued consumer interest in portable audio products. Total MP3 sales are projected to reach 15.9 million units in 2005, compared to 7.1 in 2004. Satellite radio sales also are expected to do well in 2005, contributing to the audio and after-market categories.