Emerging Markets to Lead Tech Sector Growth in 2015

by
,

The global consumer electronics market has been stagnant at around $1 trillion for the past three years. However, while mature markets are in a slump, there are other countries that continue to see considerable growth. According to a recent GfK report, the Top 10 growth markets in 2015 will all be emerging economies.

Contrary to the common assumption that China is the largest growth market for the tech industry, GfK predicts that India's market for tech devices will see the biggest growth in 2015. GfK expects total sales of tech devices in India to reach $34.8 billion in 2015, up $4.8 billion from this year's expected total. Smartphones are the main growth driver in India, as handset prices have come down to a price that is affordable to many Indians.

China's tech market, while much bigger in size than India's, is predicted to grow by $1.8 billion in 2015, which would be a meager 1% increase over the estimated 2014 total but still enough to make China the second largest growth market in dollar terms.



Infographic: Emerging Markets to Lead Tech Sector Growth in 2015 | Statista
 Report
Related Infographics
  • Health care
    American Doctors: The Prognosis Isn't Good

    This chart shows the projected supply gap in US physicians from 2017 to 2030 (upper estimate).

  • Augmented Reality (AR)
    Augmented Reality a $50 Billion Opportunity?

    This chart shows a forecast of virtual & augmented reality headset sales.

  • United States
    U.S. Source Of Most IP Blocks Globally

    This chart shows IP blocks by country in Dec 2015 and Nov 2016.

  • Radio Industry
    Radio Still Beats Online Services For Music Discovery

    This chart shows the % using the following technology/platforms most often to stay up-to-date with music in 2017.

  • Wearable Technology
    Fitbit Leads Global Wearables Market

    This chart shows worldwide wearable device shipments by the Top 5 vendors.

You may also be interested in...
Infographic Newsletter

Statista offers daily infographics about trending topics covering Media and Society.

Download & Reference
You may also be interested in...
FAQ
Who may use the "Chart of the Day"?
The Statista "Chart of the Day", made available under the Creative Commons License CC BY-ND 3.0, may be used and displayed without charge by all commercial and non-commercial websites. Use is, however, only permitted with proper attribution to Statista. When publishing one of these graphics, please include a backlink to the respective infographic URL.

Which topics are covered by the "Chart of the Day"?
The Statista "Chart of the Day" currently focuses on two sectors: "Media and Technology", updated daily and featuring the latest statistics from the media, internet, telecommunications and consumer electronics industries; and "Economy and Society", which current data from the United States and around the world relating to economic and political issues as well as sports and entertainment.

Can Statista create customized charts?
Absolutely! For information on tailor-made and sector-specific Charts of the Day, please contact Robin Hüdepohl
(robin.huedepohl@statista.com).