UAE consumer electronics market to grow 3% to $11.8b

The consumer electronics industry in the UAE is expected to grow by around three per cent this year to $11.8 billion compared to $11.5 billion last year

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Customers tour the GITEX information technology fair in Dubai, October 21, 2008. GITEX Technology Week is an annual event that consists of more than 3,300 companies from 83 countries showcasing their technology products. REUTERS/Ahmed Jadallah (UNITED ARAB EMIRATES) - RTX9RIL

Dubai: The consumer electronics industry in the UAE is expected to grow by around three per cent this year to $11.8 billion compared to $11.5 billion last year, driven mainly by smart wearable devices and convertible laptops, an industry expert told Gulf News.

“2015 saw a strong retail volume growth in consumer electronics in the UAE. Consumers are increasingly seeking compact and multifunctional products like smartphones and tablets that are offering internet connectivity,” said Ahmad Bakr, research analyst at Euromonitor International Middle East.

He said the growth in sales of smartphones and tablets has hit sales of imaging products and desktop computers.

But retailers are seeing a strong growth in laptops due to better margins compared to smartphones, which are falling day by day.

Even though both Samsung Galaxy Note 7 and iPhone 7 devices are available at the stands, the shortages of iPhones are causing concerns for the retailers. More info

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