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The Indonesian consumer electronics has the potential to be a medium-term outperformer due to broad based economic growth, low device penetration rates and vendor investment in local presence over recent years. We have a bullish outlook for consumer electronics spending growth in Indonesia over the medium term to 2019. There is however potential downside from disruption as a result of mooted smartphone import taxes and other import restrictions – but the medium-term outlook remains positive. Overall market growth will see the market reach USD20.3bn in 2019, equal to a compound annual growthrate of 5.0% in US dollar terms 2015-2019. Computer Hardware Sales: USD6.8bn in 2015 to USD9.4bn in 2019, compound annual growth rate(CAGR) of 6.8% 2015-2019.