• Subscribe
  • Advertise
    • Media Info
    • Terms & Conditions for Advertisers
    • Mechanical Data

Broadband TV News

Independent. Since 2003

  • Home
  • News Line
    • Central & East Europe
    • People
  • TV
    • On Demand/VOD
    • IPTV
    • Cable
    • Satellite
    • Terrestrial
    • Distribution
  • Business
  • Tech
  • Columns
    • Chris Dziadul
    • Julian Clover
    • Robert Briel
  • Events
    • Events Diary
    • BTN Events
    • Events Coverage
    • Submit the details of your event
  • Features
  • Resources
    • White Papers

Global consumer electronics market continues to grow

January 7, 2019 11.13 Europe/London By Jörn Krieger

The global market for consumer electronics ended the year 2018 with a 6% increase in sales while total sales of around €138 billion were recorded.

All regions were able to make significant gains, according to the latest figures released by GfK. The market research company predicts growth of around 4% for 2019. There is still potential in smart devices equipped with upmarket features and integrated voice assistants, according to GfK.

The demand for consumer electronics on markets across the globe is influenced by major global trends, such as the increasing demand for premium devices. Almost half of consumers prefer to own fewer, but higher quality technological devices, according to GfK.

With a sales volume of more than €100 billion in 2018, the market for television equipment accounted for around three quarters of consumer electronics turnover globally and grew by more than 5%. This growth was largely due to high-end devices with a screen size of at least 50 inches. More than half of global TV revenues came from this segment in 2018.

In this regard, display panels with organic light diodes (OLED) are becoming increasingly popular. OLED is the leading display technology in the premium segment, with growth rates above 100%. OLED devices’ share in total TV revenues currently amounts to between 5 and 10%, and an increasing number of manufacturers are entering this market, causing prices to fall.

In Western Europe, the leading OLED region globally, the average price has fallen in the last year by around €300 to just under €2,100. The most frequently purchased models are already available for around €1,500.

Regarding screen resolution, 4K is still on the rise and the first 8K models are already on the market.

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)

Related

Filed Under: Newsline, Research, Tech Tagged With: consumer electronics, GfK, TV sets Edited: 7 January 2019 11:13

About Jörn Krieger

Jörn reports on the latest developments in Germany, Austria and Switzerland. Since 1992, he has been working as a freelance journalist, specialised in digital media, broadcast technology, convergence and new markets. He also takes up University lectureships, writes articles in specialist publications, and produces radio reports. Jörn is also a moderator of panel discussions at industry events such as ANGA COM, Medientage München and IFA Berlin.

Latest News

  • Poland to lose cable subscribers
  • 5G broadcast tests continue in Czech Republic
  • EBU president and VP re-elected
  • Turkey blocks Deutsche Welle and VoA
  • Canal+ Austria added to Apple TV

Watch Video

24i on app development and viewer recommendations – ANGA COM Roundup Video

Julian Clover speaks to 24i's Sales Director Operator Solutions, Lennart Broers, about how apps are becoming more important to pay-TV operators, and the recent acquisition of recommendations company The Filter. … [Watch Now ...]

Xperi on using AI to identify your audience – ANGA COM Roundup Video

Patrick Byrden, Xperi's VP of Business Development & Strategy, tells Julian Clover how the company is using AI to detect who is watching the TV, and providing them with more relevant content. … [Watch Now ...]

Free Ebook

eBook: Overcoming the Top 5 Challenges in Server-side IP Ad insertion

IP video is a game-changer for advertising. However, unlike traditional television, IP video is more dynamic, with new devices, formats, content and services to consider. … [Download the eBook...]

Broadband TV News

  • Subscribe
  • About us
  • Contacts
  • Logos & Pictures
  • Privacy Policy
  • Terms and Conditions

Advertising

  • Media Info
  • Terms & Conditions
  • Mechanical Data
  • Video Services

News

  • Latest
  • Central & East Europe
  • TV
  • Tech
  • Streaming
  • Cable
  • Satellite
  • Terrestrial
  • IPTV
  • Business
  • People

Events

  • Events Diary
  • BTN Events
  • Submit the details of your event
  • Media Meet & Greet

Broadband TV News

PO Box 499
Cambridge
United Kingdom
CB1 0AH
news@broadbandtvnews.com

Connect with Us

 

Copyright © 2022 Broadband TV News LLP · Log in

 

Loading Comments...