2012 Indian Consumer Electronics Industry Research Report
BMI projects that Indian consumer electronics spending will grow by about 17% in US dollar terms in 2012 to US$32.9bn, driven by rising incomes and growing affordability. However PC market growth slowed in Q112, against a background of rising inflation and a weak rupee, which led many consumers to defer their purchase decisions. Only nine out of 1,000 people in India own a computer, one-fifth of the level in China. Meanwhile, Indian mobile penetration is about 57%. Another long-term driver is that 45% of India’s population is under 25. Spending on consumer electronics devices is projected to grow at an overall CAGR of 15% through to 2016, with the key segments including low-cost mobile handsets, colour TV sets, set-top boxes and notebook computers. Much of the growth during BMI’s five-year forecast period will be driven by growing demand from India’s relatively underpenetrated rural areas. Headline Expenditure Projections Computer Hardware Sales: US$8.8bn in 2011 to US$...