NEW YORK – The global consumer electronics market will grow at a CAGR of about 5% from 2009 to 2012, a new research report says.

The global consumer electronics shipment will grow at a CAGR of around 5% during the same period, according to "Consumer Electronics Market Forecast to 2012", a study by Reportlinker.com.

The analysts cite “revolutionary technological developments” in consumer electronics, specifically digital technology and the interaction of camcorders, DVD player/recorder, still camera,

The firm estimates the 2008 consumer electronics market was worth $335.2 billion.

Geographically, the US drives the industry, the firm said, followed by Europe. However, those regions will be eclipsed by the Asia Pacific, although the firm did not specify the time frame.