According to Parks Associates' new report and analysis of high-end entertainment systems, total U.S. revenues for installed home theaters and multiroom audio systems will grow from $6 billion in 2007 to more than $11 billion by 2012. The number of new installations are forecast to grow 67% over the same period, from 166,000 per year in 2007 to 277,000 by 2012.
Bill Ablondi, Director, Home Systems Research, Parks Associates, says "The high-end A/V market is in a major stage of transition. Digital content is approaching the... quality of analog media, with... added flexibility. Reduced costs... with advancements in wireless and powerline networking technologies are also growing the retrofit portion of the market... "
Total High-end Home Theater and Multiroom Audio Market ($ in Billions, includes installation)
Year Installations (x000) Annual Revenue ($ Billion)
2005 115 4.3
2006 141 5.2
2007 166 6.0
2008 190 6.8
2009 210 7.8
2010 231 8.8
2011 253 10.0
2012 277 11.3
Source: ? Parks Associates, February 2008
"Currently, the majority of high-end A/V customers are wealthy," Ablondi said. "In addition, most installed entertainment systems are sold into new homes or homes going through a major renovation. This mix will change as builders, installers, and integrators become more accepting of ‘no-new-wires' technologies."
Adoption of networking technologies will make installed home theaters and multiroom audio systems more affordable, opening up this market to more consumers at low-to-medium income level, concludes the report.
High-end Entertainment Systems: Analysis and Forecasts features surveys and research of principals in the home systems installation channel and updated forecasts for home theater, multiroom audio and media server systems, and home entertainment networks.
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Wednesday, February 27, 2008
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