Boston, MA -- (SBWIRE) -- 01/27/2014 -- BMI projects that Indian consumer electronics spending will grow by about 17% in US dollar terms in 2013 to US$37.5bn, fuelled by rising incomes, growing affordability, and the fact that 45% of India's population is under 25. PC market growth is currently being driven by laptops and by tablets, albeit sales of the latter are growing from a very small base. Meanwhile, sales of smartphones - including Apple's iPhone - are finally beginning to take off. Spending on consumer electronics devices is projected to grow at an overall CAGR of 14% through to the end of our five-year forecast to 2017, with the key segments including low-cost mobile handsets, colour TV sets, set-top boxes and notebook computers. Much of the growth during our forecast period will be driven by growing demand from India's underpenetrated rural areas. However, there are concerns a new import tax on handsets priced at above 2,000 rupees could constrain demand in this key product category.

View Full Report Details and Table of Contents

About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff will help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

Browse all Consumer Goods research reports at Fast Market Research

You may also be interested in these related reports:

- Chile Consumer Electronics Report Q1 2014
- Bahrain Consumer Electronics Report Q1 2014
- Argentina Consumer Electronics Report Q1 2014
- Turkey Consumer Electronics Report Q1 2014
- Hungary Consumer Electronics Report Q1 2014
- South Africa Consumer Electronics Report Q1 2014
- Oman Consumer Electronics Report Q1 2014
- Israel Consumer Electronics Report Q1 2014
- Bulgaria Consumer Electronics Report Q1 2014
- Indonesia Consumer Electronics Report Q1 2014