The Indian Consumer Electronics Market Is Expected To Grow At A CAGR of More Than 17% during 2012-2015

DUBLIN, April 18, 2013 /PRNewswire/ --

Research and Markets has announced the addition of the "Indian Consumer Electronics Market Outlook 2015" report to their offering.

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With technological advancements and introduction of digital revolution in the country, the Indian consumer electronics industry has made rapid strides. The consumer electronics industry has seen the introduction of various innovative products and entry of many new players in the market over the past few years. With an increase in household income levels, rising awareness among consumers, thirst for acquiring latest technologies and localization of manufacturing, the Indian consumer electronics market is expected to grow at a CAGR of more than 17% during 2012-2015, according to the latest report Indian Consumer Electronics Market Outlook 2015.

As per the study, Flat panel television, Tablet and Smartphone are expected to be the top performing segments in the market. These segments are witnessing a huge demand and seeing rapid innovations as part of the strategy by the manufacturers to capitalize on the huge consumer base. Tablet is expected to be the fastest growing segment during 2012-2015, surging at a CAGR of around 65%. Factors like demand by education sector, government and healthcare sector coupled with increasing affordability and desirability have helped in mass proliferation of tablets in India.

The report also covers product-level analysis. The volume wise market forecasts till 2015 for various product segments (Television, Refrigerator, Air Conditioner, Mobile Handset, Washing Machine, Microwave Oven) and their types are also provided. Moreover, the major players of each product type have also been identified. In addition to this, the report provides regional analysis for the product segments to create a clearer picture of the demand pattern across the country.

The report, which has been designed to understand the Indian consumer electronics market comprehensively, also covers the future growth strategies, macroeconomic factors, government regulations, along with the challenges hindering the growth of this industry.

Companies Mentioned:

- Godrej Appliances
- LG Electronics India Pvt. Ltd.
- Samsung India Electronics Pvt. Ltd.
- Sony India Pvt. Ltd.
- Videocon Industries Ltd.
- Voltas Limited
- Whirlpool India Ltd.

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Sector: Consumer Electronics

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