Philippines Consumer Electronics Report

Philippines Consumer Electronics Report

Date of Publication: Feb 17, 2015, 79 Pages
US$1,295.00
BMI-2040-9451

Philippines Consumer Electronics Report

We expect strong sales growth in the Philippine consumer electronics market over the medium term as incomes rise and device prices decline amidst intense vendor competition. We forecast growth of 7.9 % in 2015 , a slight deceleration from 2014 as the AV segment returns to a lower growth trajectory after TV set upgrade demand brought forward by the FIFA World Cup tournament in Brazil. Consumer electronics spending is expected to remain strong over the medium term , with government spending providing a stimulus supplementing technology trends such as demand for smartphones and tablets. Given the Philippines' low PC penetration, many provincial markets are relatively untapped territories, while rural populations contain the largest number of potential first-time mobile handset purchasers.

Headline Expenditure Projections

Computer Sales: USD2.1bn in 2014 to USD2.2bn in 2015, +6.8% in US dollar terms. Booming sales of Android tablets expected to continue, while we expect a resurgence in notebook sales to add to growth momentum in 2015 as vendors tap the first-time buyer opportunity.

AV Sales: USD1.1bn in 2014 to USD1.2bn in 2015, +7.3% in US dollar terms. AV sales increased markedly in 2014 as TV sales were boosted by the FIFA World Cup, but we forecast a return to a lower growth trajectory in 2015.

Handset Sales: USD3.1bn in 2014 to USD3.4bn in 2015, +8.9% in US dollar terms. The handset market will again outperform in 2015, but growth will continue to slow as price pressures in the smartphone market squeeze overall market value growth even as sales grow rapidly.

Philippines Consumer Electronics Key Trends & Developments

Chinese smartphone brand Xiaomi has had phenomenal success in recent years, primarily in China but increasingly across the region and global emerging markets as it widens its low margin, and unit market share and consumer loyalty maximisation strategy. In the Philippines it continued to invest in local presence in 2014, officially...

TABLE OF CONTENTS

Industry View
SWOT
Consumer Electronics Market
Political
Economic
Industry Forecast
Table: Consumer Electronics Overview (Philippines 2012-2018)
Macroeconomic Forecasts
Economic Analysis
Remittances To Remain Supportive Of Private Consumption Growth
Modest Export Rebound On The Cards
Investment To Recover Amid Rising Business Confidence
Rebuilding Efforts To Spur Government Spending
Risks To Outlook
Table: Economic Activity (Philippines 2009-2018)
Industry Risk Reward Ratings
Table: Asia CE Risk/Reward Index
Market Overview
Computers
Table: PC Sales (Philippines 2012-2018)
AV Devices
Table: AV Sales (Philippines 2012-2018)
Mobile Devices
Table: Mobile Communications (Philippines 2012-2018)
Competitive Landscape
International Companies
Table: Samsung Electronics
Table: Lenovo
Table: Huawei
Local Companies
Table: MyPhone
Industry Trends And Developments
Table: Philippines Component Exports (USDmn)
Table: Philippines Electronics Trade Value (USDmn)
Regulatory Development
Table: Regulatory Authorities In The Philippines
Regulatory News
Demographic Forecast
Demographic Outlook
Table: The Philippines' Population By Age Group, 1990-2020 ('000)
Table: The Philippines' Population By Age Group, 1990-2020 (% of total)
Table: The Philippines' Key Population Ratios, 1990-2020
Table: The Philippines' Rural And Urban Population, 1990-2020
Methodology
Industry Forecast Methodology
Sector-Specific Methodology
Sources
Risk/Reward Index Methodology
Sector-Specific Methodology
Table: Consumer Electronics Risk/Reward Index Indicators
Table: Weighting Of Indicators
Additional Information:
Includes 3 free updated quarterly reports
Date of Publication:
Feb 17, 2015
File Format:
PDF via E-mail
Number of Pages:
79 Pages
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