High-End Entertainment Systems Market Projected to Nearly Double in 5 Years
Park Associates’, a market research and consulting company, has released its report, High-end Entertainment Systems: Analysis and Forecasts. The report suggests the adoption of networking technologies will make installed home theaters and multiroom audio systems more affordable, opening up the market to more consumers at low-to-medium income levels.
Total U.S. revenues for installed home theaters and multiroom audio systems are expected to grow from $6 billion in 2007 to more than $11 billion by 2012, according to the report. Analysts forecast the number of new installations to grow 67 percent over the same period, from 166,000 per year in 2007 to 277,000 by 2012.
“The high-end A/V market is in a major stage of transition,” says Bill Ablondi, director, home systems research, Parks Associates. “Digital content is approaching the performance and quality of analog media, with the added flexibility only digital content offers. Reduced costs coupled with advancements in wireless and powerline networking technologies are also growing the retrofit portion of the market, at a time when mid-market construction is slowing down.”
The report 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.
For more information, visit www.parksassociates.com.
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