Boston, MA -- (SBWIRE) -- 03/07/2014 -- We expect the Philippines IT market will grow by around 5.1% in 2014, a slight slowdown from 2013, but nonetheless robust growth. Consumer electronics spending is likely to remain strong, 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. Vendors will seek profit from product innovation such as lower cost smartphones and tablets based on the Android operating system, and 3D and LED TV sets.

View Full Report Details and Table of Contents

Headline Expenditure Projections

Computer Sales: US$2.3bn in 2013 to US$2.4bn in 2014, +5.4% in US dollar terms. Booming sales of Android tablets will be sufficient to offset the squeeze from declining notebook sales.

AV Sales: US$848mn in 2013 to US$911mn in 2014, +7.4% in US dollar terms. The main driver of demand is flat-panel TV sets, where penetration is rising rapidly.

Handset Sales: US$2bn in 2013 to US$2.1bn in 2014, +4.3% in US dollar terms. Sales of smartphones are booming, particularly low-cost Android devices able to hit mass market price points, increasing the average selling prices for the handset market as a whole.

Key Trends & Developments

The PC market has been transformed by the boom in tablet sales, with volumes almost tripling in 2013. Vendors selling low-price tablets running Android have fared particularly well, and will continue to capture growth in 2014. However, notebook vendors have been hit hard, with declining volumes and pressure on prices. That said, BMI believes notebook vendors could begin to regain market share in the mid-range and high end of the market with hybrid tablet/notebook designs. The latest releases of devices from Windows partner vendors show the potential for multi-functional devices with greater capabilities than Apple and Android partner vendors' top-end devices, while undercutting on price.

About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

Browse all Consumer Goods research reports at Fast Market Research

You may also be interested in these related reports:

- Chile Consumer Electronics Report Q2 2014
- Bulgaria Consumer Electronics Report Q2 2014
- Peru Consumer Electronics Report Q2 2014
- Turkey Consumer Electronics Report Q2 2014
- Hungary Consumer Electronics Report Q2 2014
- Czech Republic Consumer Electronics Report Q2 2014
- Israel Consumer Electronics Report Q2 2014
- South Africa Consumer Electronics Report Q2 2014
- Mexico Consumer Electronics Report Q2 2014
- Colombia Consumer Electronics Report Q1 2014