Consumer Electronics Industry Revenues to Reach All-Time High in 2014, Projects CEA's Semi-Annual Sales and Forecasts Report

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CONSUMER ELECTRONICS ASSOCIATION
LAS VEGAS, NV - JANUARY 07: President and CEO of the Consumer Electronics Association Gary Shapiro speaks before a keynote address by Sony Corp. President and CEO Kazuo Hirai at the 2014 International CES at The Venetian Las Vegas on January 7, 2014 in Las Vegas, Nevada. CES, the world's largest annual consumer technology trade show, runs through January 10 and is expected to feature 3,200 exhibitors showing off their latest products and services to about 150,000 attendees. (Photo by Ethan Mil | Ethan Miller via Getty Images

The new U.S. Consumer Electronics Sales and Forecasts report projects that total industry revenue will reach a record $211.3 billion in 2014; a steady, two percent increase from $207 billion in sales in 2013. This midyear update is in line with CEA’s projection in January, slightly adjusted after better-than-expected 2013 revenue growth. Looking ahead to 2015, CEA expects industry sales to grow by 1.2 percent, with industry revenues reaching another all-time high of $214 billion.

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