Colombia, Iran, Oman and Pakistan Consumer Electronics Report Q4 2016; New Report Launched

The Colombian consumer electronics devices market is served primarily through imported devices, and as such the exchange rate has a significant impact on domestic spending trends through shifts in the affordability of devices. This was evident in 2015 when sharp depreciation resulted in a steep decline in device spending across all three segments, and with a weaker peso-USD outlook we moderated our forecast for 2016-2020 in the Q416 update, now envisaging a CAGR of 4.6%.

Latest Updates & Industry Developments

• Computer Hardware Sales: USD1.0bn in 2016 to USD1.1bn in 2020, at a compound annual growth rate (CAGR) of 3.0% in US dollar terms. Downgraded outlook as evidence of PC substitution for smartphone spending mounts, eroding the growth potential offered by relatively low PC penetration.
• AV Sales: USD1.3bn in 2016 to USD1.5bn in 2020, a CAGR of 4.1% in US dollar terms. As the economy strengthens we expect flat-panel upgrades to return the AV market to growth, though the digital camera market outlook is weak due to smartphone cannibalisation.
• Handset Sales: USD1.9bn in 2016 to USD2.3bn in 2020, a CAGR of 5.7% in US dollar terms. There is still capacity for sustained smartphone migration momentum due to relatively low penetration, which will drive market value growth over the medium term.

For more information Visit at: http://www.marketresearchreports.com/business-monitor-international/colombia-consumer-electronics-report-q4-2016

We expect that the Iranian consumer electronics market will move into a stronger era of growth from 2017 as a result of the easing of sanctions that will contribute to stronger economic performance and increase competition as international vendors re-enter the market. We forecast that this shift will support a device spending CAGR of 4.3% over 2016-2020, but caution that downside risk is still significant due to the potential for further oil price declines. There are also bottlenecks within the devices market such as high tariffs on the import of finished devices and a large informal devices market, so there is also upside should the government enact pro-market reforms.

Latest Updates & Industry Developments

• Computer Sales: USD2.5bn in 2016 to USD2.8bn by 2020, corresponding to a compound annual growth rate (CAGR) of 2.6%. Smartphones are proving a more significant threat to PC spending than previously envisaged and as a result we lowered the growth outlook in the Q416 update.
• AV And Gaming Device Sales: USD1.5bn in 2016 to USD1.7bn in 2020, a CAGR of 3.2%. Local supply of TV sets means the market was less affected by sanctions, but there is still some potential remaining for flat-panel TV set upgrades.
• Handset Sales: USD3.9bn in 2016 to USD4.9bn in 2020, a CAGR of 5.7%. Underpenetrated smartphone market informs our outlook for sustained upgrade momentum to underpin value growth.

For more information Visit at: http://www.marketresearchreports.com/business-monitor-international/iran-consumer-electronics-report-q4-2016

Oman's consumer electronics market has a weak outlook over the medium term as a result of approaching saturation in key device categories, especially smartphones, against a backdrop of economic uncertainty due to oil prices and the depletion of demographics as a growth driver. The market should continue to be lucrative in per capita terms on the basis of replacement spending, but we caution that the broad economic and demographic support that drove growth in the past five years will soften considerably over the forecast period. There is also downside should oil prices take another move lower and result in a forced rial devaluation, which we believe means Oman is the GCC market most vulnerable to oil market trends. Our core scenario is however for gradual economic recovery, and we expect this to underpin a device spending CAGR of 2.6% over 2016-2020.

Latest Updates And Industry Developments

• Computer Hardware Sales: USD266mn in 2016 to USD280mn in 2020, at a compound annual growth rate (CAGR) of 1.2%. Outlook lowered in Q416 as a result of cannibalisation of tablet spending by smartphones, but still growth potential in hybrid notebooks and all-in-one desktops.
• AV Sales: USD174mn in 2016 to USD189mn in 2020, at a CAGR of 2.0%. Flat-panel saturation and digital camera cannibalisation resulted in four consecutive annual declines in spending, but we envisage a modest return to growth as smart and Ultra HD sets trigger high-value upgrades.
• Handset Sales: USD673mn in 2016 to USD764mn in 2020, at a CAGR of 3.2%. Approaching smartphone saturation means the boom is over in Oman, and there is downside to prices if the economy is weaker than expected.

For more information Visit at: http://www.marketresearchreports.com/business-monitor-international/oman-consumer-electronics-report-q4-2016

Pakistan has one of the strongest device spending growth outlooks in APAC over the medium term, where an expanding population and rising incomes will allow vendors to tap the huge opportunities offered by low device penetration rates across all three market segments. There are however still major risks due to the operating environment, as well as some unfavourable device market trends such as high mobile sales taxes and the cannibalisation of PC demand by smartphones. This downside is outweighed by the potential for strong spending growth and we expect total device spending will increase at a CAGR of 8.1% over 2016-2020.

Latest Updates & Industry Developments

• Computer Sales: From USD1.08bn in 2016 to USD1.22bn in 2020, a compound annual growth rate (CAGR) of 3.0%. Forecast lowered in Q416 as a result of the cannibalisation of PC, particularly tablet, spending due to the success of smartphones, which consumers are increasingly using as standalone computing devices.
• AV Sales: USD1.23bn in 2016 to USD1.51bn in 2020, a CAGR of 5.2%. Unlike most markets, flat-panel TV set upgrade potential still exists in Pakistan in the middle class, which will make it a regional AV outperformer.
• Handset Sales: USD2.86bn in 2016 to USD4.34bn in 2020, a CAGR of 11.0%. Pakistan is a smartphone late adopter, and penetration reached just 17% of adults at YE15, so we believe smartphone upgrade momentum will be maintained over the medium term and drive up handset segment value.

For more information Visit at: http://www.marketresearchreports.com/business-monitor-international/pakistan-consumer-electronics-report-q4-2016