US consumer electronics market to grow 8% to $135.4 bln in 2006

Driven by demand for digital televisions and MP3 players, US consumer electronics sales are expected to grow to a record $135.4 bln in 2006. Wholesale sales of consumer electronics will grow about 8% in 2006, slightly slower than 2005’s 11% rise, according to the Consumer Electronics Association. 2005 year-end totals exceeded CEA’s initial projection of $122 bln. Digital television sales are seen in 2006 rising beyond $23 bln and 18 mln units. DTV sales in 2005 grew 60% to $17 bln, fueled by the growing popularity and competitive price declines of flat panel displays such as LCD and plasma.