BMI View: Despite its small population, we have a positive outlook for Qatar's consumer electronics market, forecasting average annual growth of 9.5% between 2013 and 2017 in US dollar terms. This view is based on strong consumer demand for the latest technologies, as well as concerted efforts from the government to create opportunities in Qatar's ICT market, as a part of its broader strategy to diversify the economy away from hydrocarbons. This is supported by BMI forecasts of average annual private consumption growth of 7.9% and government consumption growth of 10% during the five years to 2017. Within the market, we believe telecoms operators' strategies to increase smartphone and tablet penetration will act as the major growth driver, supported by increased usages of these and laptop hybrids in the enterprise sector.
Headline Expenditure Projections
Computer Hardware Sales: We estimate sales of US$624mn in 2013 and forecast these to rise to US$888mn by 2017, a CAGR of 9.2% in US dollar terms.
AV Sales: We forecast growth to increase from US$368mn in 2013 to US$517mn in 2017, CAGR of 9% in US dollar terms. In US dollar terms our forecast is unchanged, with flat-screen, Smart and 3D TV sets the main growth driver due to a high penetration of existing TV sets. BMI believes increasing sophistication and innovation in Smart TV interfaces is required to boost growth in the market.
Handset Sales: We forecast growth to rise from US$119mn in 2013 to US$186mn in 2017, a CAGR of 12.5% in US dollar terms. Operator promotions and intense competition between leading international vendors and newer vendors from China will maintain smartphone demand growth.
Qatar remained in the top position on our Risk/Rewards table for the Middle East and Africa region this quarter, with an aggregate score of 65.1. Qatar's leading position on in the rankings is because of its proactive regulator, ictQatar, which has made important strides in...
The Qatar Consumer Electronics Report has been researched at source and features latest-available data covering both the manufacture and sale of consumer electronics products, critically analysing - and forecasting - the market dynamics affecting each sub-sector, including audio-visual, computers, mobile handsets, gaming and automotives electronics. Furthermore, the report analyses the domestic and global economic trends driving device demand and provides company rankings and competitive landscapes covering leading multinational and national consumer electronics companies and analysis of latest industry news and trends in Qatar.
Business Monitor International (BMI)'s Qatar Consumer Electronics Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the consumer electronics industry in Qatar.
- Benchmark BMI's independent consumer electronics industry forecasts for Qatar to test other views - a key input for successful budgeting and strategic business planning in the Qatari consumer electronics market.
- Target business opportunities and risks in Qatar through our reviews of latest industry trends and major deals, projects and investments.
- Exploit the latest competitive intelligence with company SWOT analyses.
BMI Industry View
Summary of BMI's key industry forecasts, views and trend analysis covering consumer electronics, major investments and projects.
Consumer Electronics Market
Analysis of the size of the domestic market for electronics products, with in-depth assessment and data covering the dynamics driving each sub-sector; audio-visual, computers, mobile phone handsets and gaming devices, as well as demand for automotives electronics.
Analysis and data of the domestic electronics manufacturing sector. We assess the regulatory and business operational issues facing manufacturers - including openness to foreign investment, infrastructure, IP issues and the global demand context - and their impact on the production of electronics goods, which is again broken down via market sub-sectors.
Industry Forecast Scenario
Historic data series and forecasts to end-2018 for all key industry and economic indicators (see list below), supported by explicit assumptions, plus analysis of key risks to the main forecast, covering computers, communications and gaming devices. Indicators include:
Industry value (US$bn); population (mn); nominal GDP (US$bn); real GDP growth (%), GDP per capita, industrial production Index (% y-o-y ave.) unemployment % of labour force.
Business Environment Ratings
BMI's Consumer Electronics Business Environment Ratings provide a country-comparative Risk-Reward Ratings index aimed at investors and participants in the regional consumer electronics market. The ratings methodology makes sophisticated use of over 40 industry, economic and demographic data points.