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Report: stronger H2 in store for electronics equipment.(MARKET WATCH)
EL SEGUNDO, CA -- Following three years of strong growth, the global electronic equipment market's expansion will decelerate slightly in 2007, iSuppli Corp. (isuppli.com) predicts.
Electronics equipment revenues will grow 12% in the second half, to bring the annual growth to 6%, says iSuppli.
The past three years have seen a strong electronics equipment market, with worldwide revenue growing 11%, 8% and 7.7% in 2004, 2005 and 2006, respectively, says the firm.
The strongest growth has come from PCs, mobile handsets and consumer electronics products such as MP3 players and digital televisions. However, the growth this year will slow to 6% as the wireless, consumer and industrial markets cool--even as the PC market revives, says Gary Grandbois, principal analyst with iSuppli, in a recent report.
Mobile handset growth remains vibrant and is expected to end the year with a 10% unit increase. However, revenue growth will be 5% as ASPs continue to decline, says the firm.
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