Experts say that surgical robots or robot doctors will be conducting one in three operations in the US in the next five years. The surgical robots are estimated to multiply two folds by 2021, with surgeons guiding mechanical them on comp…
BMI View: 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.