Consumer electronics market to top $1 trillion in 2012

The Consumer Electronics Association, the chaps who run the CES show in Vegas every year, has predicted that the consumer tech market will top $1 trillion in 2012, increasing the market by 5 per cent worldwide on the $961 billion figure that will be recorded in 2011.

That statement was made by Gary Shapiro, president and CEO of the CEA, who was speaking at the CES Unveiled event in the heart of London's Tech City.

"It's not just about how much money that can be made though," explained Shapiro. "The reason that people are buying these products is that they're changing lives.

"They are changing the way that we receive information and also changing communication, education and entertainment. Despite the challenging economy worldwide, we are a bright spot."

In terms of trends that the CEA expects to see fuel the $1 trillion figure next year, we're looking at the usual suspects of mobile devices like smartphones and tablets and other connected, wireless, devices and apps. But the one area where the Association does expect to see huge growth is the Ultrabook market.

Shawn DuBravac, chief economist and director of research stated that, amongst the 20,000 new products that would be unveiled at CES 2012, there would be around 30-50 new Ultrabook machines.

That's a skinny lot eh?



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