Indonesia is one of the least developed consumer electronics markets in APAC, with low levels of ownership and spending per capita. It does, however, have one of the strongest outlooks because vendors will not face saturation, and benefit from rising incomes and supportive demographics. There is some downside due to its frontier market status, most notably the exposure of the economic growth st…
We have a bright outlook for consumer electronics device spending growth in Indonesia, and forecast the market will increase at a CAGR of 8.8% over 2017-2021 to a total value of USD14.7bn. Challenging economic conditions 2014-2016 resulted in a contraction in device spending, but as the economic environment strengthens we expect vendors to benefit by tapping into low penetration rates for major…