ARLINGTON, VA -- Factory-to-dealer sales of consumer electronics are projected to top $155 billion in 2007, up 7%, according to the Consumer Electronics Association.

"We're on track for another year of healthy growth," said CEA President and CEO Gary Shapiro. "We surpassed original projections for the second year in a row, and the industry outlook is proof-positive Americans can't do without their beloved consumer electronics."

CE sales hit $145 billion in 2006, up 13%, the CEA said. 2006's results topped the CEA's initial forecast of 8% growth.

CEA predicts displays will continue to fuel industry growth in 2007. "The TV market is setting all-time revenue records. CRT-based sets are giving way to flat panel displays," CEA said, forecasting $22 billion in revenue. Flat panel displays are expected to ship a combined 19 million units.

Holiday sales of game consoles will lift revenues 23% to $16 billion in 2007. MP3 players will account for 90% of the $6 billion portable entertainment market, with unit sales rising to 41 million from 34 million last year.

Shipments of portable navigation and GPS devices reached 2 million units in 2006, up 66%, and are expected to top 3 million units this year, good for $1 billion in revenues.

In 2006, shipment volumes of laptops eclipsed desktops. CE accessory sales also will grow in 2007, to the tune of $11 billion, in large part due to an overall consumer emphasis on portability. Total digital imaging shipments are expected to exceed 32 million units, with revenues projected to reach $8 billion, making 2006 and 2007 the best revenue years for this category. 

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