Lewes, DE -- (SBWIRE) -- 02/25/2014 -- The consumer electronics market in Chile is one of the most lucrative in Latin America due to high incomes and developed retail and distribution networks, despite being limited by the small size of its population. Sales of consumer electronics devices such as tablets and smartphones are the largest contributors to market growth, with lower cost Android devices deepening the market. Meanwhile the economic environment remains supportive with banks willing to extend credit and the unemployment rate remains low. However, there is a downside risk to our positive outlook, with a significant slowdown in external demand potentially disrupting household spending. Despite this our core view of growth remains bullish based on the fundamentals of low household penetration of many digital devices, plus their growing affordability, which should keep the consumer electronics market on an upward trajectory.
The smartphone market is the most dynamic segment of the consumer electronics market, with rapidly increasing volumes driving value growth of the handset market as a whole. Chilean smartphone penetration is now at about 19%, as telcos prepare to launch a new generation of LTE devices. Key to this trend has been the increasing availability of mid-range devices running Google's Android OS. Android has grown to become the dominant smartphone operating system in Chile, ahead of Apple's iOS and Microsoft's Windows Phone. Samsung has been the vendor to capitalise most on this trend, but competition from LG and Chinese vendors such as Huawei, ZTE and Lenovo is expected to increase over the short- to medium term.
The report covers detailed industry SWOT analysis, industry forecast, macroeconomic forecasts, demographic forecast, industry trends and overview and company profiles of major players including Hewlett-Packard, Samsung Electronics, Huawei and other local players.
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