Connected Devices will account for 70 percent of Consumer Electronic Device Market Value in 2011Wednesday, August 17th, 2011
BOSTON — Seventy percent of Consumer Electronic (CE) industry 2011 revenues will come from Internet connectable devices, according to the latest research from the Strategy Analytics Connected Home Devices (CHD) service. Internet connectivity has become a key feature for the majority of CE devices, whose global installed base will reach the two billion unit mark by the end of the year.
“While connected flat panel TVs, set-top boxes and DVRs still represent a small portion of their respective product segments, sixty-eight percent of all CE devices sold this year will be connectable to the Internet.” says Peter King, Director at Strategy Analytics.
According to this report, Connected TVs represent one of the biggest growth opportunities over the next five years as major vendors, such as Samsung, LG and Sony, push their Smart TV initiatives. Global connected TV device revenues will total in excess of $95 billion in 2015, representing more than one-quarter of the overall connected device market.
“Sixty-seven percent of all FPTV units sold in 2015 will be Connected TVs. This represents a 38 percent compound annual growth rate over the next five years,” said Jia Wu, Senior Analyst in the Digital Consumer Practice. “Although growth in the overall TV market will be modest, the market value of connected TVs will more than double during the same period.”
The report, “Global Connected Consumer Electronics (CE) Devices Market Forecast,” contains forecasts of unit sales, market values and installed base of 17 fixed and portable digital home media device segments, including Flat Panel TVs, Blu-ray Disc players, set-top boxes, DVRs, digital media adapters, games consoles, desktop and portable PCs, NAS, portable media players, e-book readers and tablets.