Consumer Electronics Will Be Big This Holiday Season

The Consumer Electronics Association (CEA)® says that finding from their recent research points to a holiday season where consumers plan to spend more on consumer electronics.

The CEA study found that four out of five adults (80 percent) plan on buying CE products this holiday, the highest results in the 16 years of the survey. Overall gift spending this holiday will increase four percent over last year despite a drop in overall holiday spending. They also found that consumers plan to spend an average of $222 on consumer electronics this holiday, a gain of eight percent over last year. Half of consumers (48 percent) also plan to buy a CE product for themselves this holiday.

Consumer electronics comprise four of the top 10 items on adults' holiday gift wish list, with computers and video games ranking two and three respectively behind clothes. Televisions and digital cameras also made the list. Several emerging technologies, such as Blu-ray players, eReaders and netbooks, are among the most wanted and hottest gifts this season. These products are in adults top ten CE wish list for the first time, joining mainstays such as notebooks, portable MP3 players and flat-panel TVs. Netbooks are another hot category, especially among teens, ranking in the top ten CE gift wish list of that age group for the first time.

What consumer electronics products are on your wishlist this year?