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Kuwait Consumer Electronics Report Q3 2009Published by: Business Monitor International Published: Jun. 29, 2009 - 37 Pages Table of Contents
AbstractKuwait’s domestic consumer electronics devices market, defined as including computing devices, mobilehandsets, and video audio and gaming products, was estimated to be worth around US$668mn in 2008.Consumer sentiment is expected to be affected in 2009 by declining asset values and the collapse in oilprices. However, spending on consumer electronics devices is expected to increase to US$982mn by2013, driven by the growing popularity of LCD TV sets, notebook computers and other key productgroups, and by ongoing expansion of the retail sector.Computers Computer hardware accounted for around50% of Kuwaiti consumer electronicsspending in 2008. BMI projects Kuwait’sdomestic market computer sales(including notebooks and accessories) ofUS$353mn in 2009, up from US$333mnin 2008. Computer hardware CAGR forthe 2008-2013 period is forecast at about8%, with notebooks and netbooksaccounting for about 60% of sales. AV Devices AV devices accounted for around 35% ofKuwait consumer electronics spending in2008. Kuwait’s domestic AV devicemarket was estimated at US$230mn. Themarket is expected to grow at a CAGR of3% between 2008-2013, to a value ofUS$267mn in that year. Mobile Handsets Mobile handset sales accounted foraround 16% of Kuwaiti consumerelectronics spending in 2008. Kuwait’smarket handset sales are expected togrow at a CAGR of 13% to US$196mn in2013, as mobile subscriber penetrationreaches 123%. The replacement marketwill continue to dominate, and there willbe growing demand for PDAs,smartphones and 3G handsets. Get Full Details About This Report >> |
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