January 19, 2013 at 13:38 PM EST
Singapore Consumer Electronics Report Q4 2012 - New Market Research Report
Boston, MA -- (SBWIRE) -- 01/19/2013 -- BMI View: We project that Singapore's consumer electronics spending will grow by about 5% in US dollar terms in 2012 to US$4.2bn. Strong sales of smartphones in 2011 underlined the opportunity for high-end product innovation to drive revenue growth in the mature Singaporean market. In the AV category, digital broadcasting migration will create a market for digital converters based on the DVB2 standard. There are a number of other key growth areas including 3G phones, DSLR cameras, 3D TV sets, Blu-ray DVD players, tablets and high-end notebooks. However, some other product groups such as Plasma TV sets and compact digital cameras are experiencing relatively flat growth.
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