The Consumer Electronics Association (CEA) has increased its predictions for electronics sales for 2010 by a factor of 10.
The organisation's semi-annual US Consumer Electronics Sales and Forecast report said that revenue will grow by three per cent to $174.9bn (£114bn) in 2010 and $182bn (£118bn) next year.
The bulk of the growth will be driven by the mobile computing segment and smartphones.
"The January edition of the forecast was cautiously optimistic about the industry's return to growth this year," said Steve Koenig, the CEA's director of industry analysis.
"Despite a relatively sluggish first half, these innovative product categories have generated a great deal of consumer interest. As a result, we see a stronger second-half demand unfolding, and we anticipate a robust holiday quarter."
Mobile computing, in particular the tablet market, will drive the strongest growth over the next 18 months, according to the report, reaching over $26bn (£17bn) in revenues by next year.
Over 54 million smartphones are expected to ship this year, an increase of over 30 per cent, providing another major growth factor. The CEA expects sales to grow to 66 million units worth $19.6bn (£12.7bn) in 2011. The figures are similar to those of independent analysts.
"Innovation in the consumer electronics industry is driving enthusiasm, orchestrating a turnaround for our industry and bolstering the overall US economy," said CEA president and chief executive Gary Shapiro.
"The response to innovative new products like tablet computers and 3D displays, and continued growth of other product categories, illustrate that consumers love technology."
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