Research Delivers Insight Into The Consumer Electronics Market Poised To Expand At 15.4% CAGR By 2016-2020

Persistence Market Research indicates staggering growth prospects for the global consumer electronics market. The market is expected to approach a value of US$ 1,712.9 Bn by 2016 end, which may raise at a CAGR of 15.4% over the next four years. Smartphones will remain the dominant consumer electronics product type, whereas Asia Pacific will continue to be the leading region over 2016-2020. The middle-class population is increasing worldwide, since the past few years. Moreover, urban consumers have been indicating a shift in lifestyle. Growing preference for usage of electronic devices in…

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