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Tag: Philips Electronics

  • Global home audio equipment market to reach $20 bn by 2018

    Global home audio equipment market to reach $20 bn by 2018

    MUMBAI: The global home audio equipment market is marked by rapid developments in digital technology. Changing media consumption habits and tastes have resulted in a paradigm shift in the home audio equipment market towards alternative and non-traditional solutions such as soundbars and speaker docks for audio playback.

    Driving forces propelling growth in the market include incessant developmental cycle of innovative products with technologically advanced features and growing consumer preference for high quality content.

    The average unit price of audio products is on a continuous decline mainly due to the availability of advanced technologies that simplify the production process and attributed to general reduction in production costs. The global market for consumer electronics is being driven by the growing demand for home audio equipment, home theater systems, MP3 players, camcorders, digital cameras, flat panel televisions, and in-car audio aftermarket equipment.

    Increasing levels of disposable income and consumer acceptance of innovative technology developments is helping expand the market for electronic products, especially digital consumer electronic goods.

    Global Information presents two market research reports covering the global home audio equipment and electric household appliances markets from its premium research partner Global Industry Analysts.

    The global market for home audio equipment is forecast to reach $20 billion by the year 2018. Home audio equipment represents the next big market after television in the overall consumer electronics industry. Several experts consider the consumer electronics (CE) industry, of which Home Audio Equipment is a part, to be relatively recession proof. CE products such as MP3 players, computers, Blu-ray players and video games provide economic sources of entertainment for families stressed by the growing economic uncertainties originating as a result of the global economic meltdown.

    Several electronic devices have become an almost essential part of general living, particularly in the developed world. Growth in the industry is being fueled by rocketing sales of new technologies such as Blu-ray and resurgence in the Home-Theatre-in-a-Box (HTiB) market.

    The global market for home audio equipment is characterized by intense competition. Suppliers and manufactures of Home Audio Equipment are constantly altering product ranges by making them more user-friendly and less visually intrusive in order to enhance market position. Products with high appeal, aesthetic design and innovative features are likely to win the race. Apart from adding additional product features, manufacturers need to design and implement effective marketing strategies to position their products appropriately in consumer mind set.

    Players profiled in the report include Bose, Boston Acoustics, Harman International Industries, Philips Electronics , LG, Panasonic, Pioneer, Samsung, Sharp and Sony.

  • Philips to help Suranaree University of Technology with its multimedia project

    Philips to help Suranaree University of Technology with its multimedia project

    Philips Digital Networks has announced that its organization within Philips Electronics (Thailand) Ltd has been awarded the contract to design, build and commission a multimedia production facility for Suranaree University of Technology (SUT) of Bangkok. The turnkey project is worth several million US dollars.

    Under the agreement, Philips will design and build a professional production and post-production facility comprising latest technology digital broadcast equipment. The facility will be used by SUT as a multi-media centre for research and education. The centre will contain a digital production/news studio with Philips’ state-of-the-art digital cameras and production switcher. In addition, it will include a non-linear editing suite, a computer graphics system and a digital surround sound editing and recording lab. The various rooms will be interconnected through an advanced networking system.

    The project will be implemented on a full turnkey basis, including the supervision of civil works. SUT has also asked Philips to provide operation management services for a number of years, during which skill transfer to SUT personnel will take place.

    When commissioned in mid 2001, SUT’s multimedia production facility will be the first of its kind in Thailand. It will provide students with the chance to produce audio, video and multimedia content using state-of-the-art TV, radio and computer graphics technology and advanced 2D and 3D animation tools. The centre will support the university’s vision of the ‘virtual campus’, where study and teaching are no longer restricted to classrooms and education can also be provided over the Internet.

  • Philips debuts digital satellite TV in India

    Philips debuts digital satellite TV in India

    MUMBAI: Philips Electronics India Limited has announced the test launch of digital satellite TV in India. The product, which the company claims as being the first of its kind in the country, will target the “cable dry” semi-urban and rural areas.

    Digital satellite TV has a Set-top box (STB) integrated inside a 15 inch CRT monitor display. This announcement was made by Royal Philips Electronics chief technology officer Rick Harwig in Bangalore today.

    The digital satellite signal from the STB to CRT monitor is in high quality VGA format, Philips said. The product also has external multi-media speakers, with high sound output resulting in a convergence product, TV, PC and radio.

    Interestingly, Philips Innovation Campus here developed the first prototypes of the product which has been successfully test marketed in cable dry areas of West Bengal and Tamil Nadu.

    The Philips Digital Satellite Vardaan TV, when plugged into the CPU of a computer, functions as a PC Monitor. It also comes with a high quality dish antenna and LNB for excellent reception of satellite signals anywhere in the country, the company said.

    The 15 inch digital satellite TV displays 640×480 pixel resolution which is more than twice the resolution seen in normal analog TVs for the same Direct-to Home (DTH) content.

    The company hinted at a “very affordable” introductory price tag for its digital satellite TV. The product will be available at all consumer electronics retail outlets across the country and through the corporate marketing channel of the Consumer Electronics Division of Philips.