The global market for portable battery-powered products was valued at nearly $480 billion in 2011 and is expected to reach more than $611 billion by 2016, yielding an overall compound annual growth rate (CAGR) of 5%, according to “Portable Battery Powered Products: Global Markets,” a new report from BCC Research. The global market for portable battery-powered products can be divided into 12 segments: communication/multifunctional, computers, medical, cameras, toys and novelties, tools, entertainment, timepieces, scientific, lighting, navigation, and military. The communication or multifunctional segment accounts for more than a quarter of the market, totaling $141 billion in 2011. The segment is expected to grow at a CAGR of 5.2% to reach nearly $182 billion in 2016. The computers segment, accounting for nearly another quarter of the market, totaled $133 billion in 2011 and is expected to reach nearly $189 billion in 2016 after increasing at a CAGR of 7.2%. Medical products make up the next-largest segment, which is expected to increase at a CAGR of 9.2% from $75 billion to nearly $117 billion from 2011 to 2016. The cameras, entertainment, and navigation segments are expected to have declining market segments, all with negative projected CAGRs.
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