The global pet care market is foretold to improve in the forthcoming years as matched to the preceding years and will showcase better sales in various market segments. It is estimated that the global pet care market will grow at a CAGR o…
BMI View: We adopted a less bullish outlook for consumer electronics device sales growth in the
Philippines throughout the medium term in the Q4 update. This change relies on two factors: a more
negative outlook for tablet sales in the face of competition from smartphone - particularly phablets; and the
value squeeze in the handset segment where vendor competition has resulted in steep declines in average
selling prices. Despite the downward revision we still have a broadly positive outlook for device sales as
incomes rise and forecast value growth at a CAGR of 3.1% throughout 2016-2020.
Latest Updates & Industry Developments
? Computer Sales: USD2.1bn in 2016 to USD2.4bn in 2020, a CAGR of +3.8% in US dollar terms. Rising
incomes in a low penetration rate market means there is scope for volume growth, but affordable and
increasingly powerful smartphones are a growing threat as Filipinos could simply by-pass the PC era.
? AV Sales: USD997mn in 2016 to USD1.1bn in 2020, CAGR of +3.2%. Digital migration and rising
incomes will drive TV set upgrade demand while stabilisation of the digital camera market will allow the
growth rate to move higher over the medium term.
? Handset Sales: USD2.7bn in 2016 to USD3.1bn in 2020, a CAGR of +2.6%. In the short term
smartphone boom will continue, but a combination of saturation and price erosion will act as a brake on
growth over the medium term.