The consumer electronics market in the United States will reach $155 billion in 2007, according to Research and Consulting Outsourcing Services' “Consumer Electronics Market Worldwide" report.

Market revenue for the sector reached $144.5 billion in 2006, according to the company.

RNCOS said the industry had remodeled to churn out in-demand products such as MP3 players, high-definition televisions and smartphones.

The company released market size data for some specific sectors.

RNCOS predicted that the US video game industry would grow more than 22.5% in 2007 to reach $15 billion.

For consumer electronics accessories, the company predicted $10 billion in 2007 revenue, driven mainly by portable gadgets.