Consumer electronics devices that can integrate with home networks are set to deliver more than double the revenue in 2012 that they did in 2009, according to new market data from ABI Research.
In 2009, worldwide revenue from these popular products was slightly more than $100 billion; in 2012, that figure will exceed $243 billion.
“Markets for connected home entertainment products have not been adversely affected by the global recession,” Jason Blackwell, In-Stat practice director said in a statement. “In line with the conventional wisdom, consumers seemed more eager than ever during the economic decline to enhance their home entertainment options.”
The push to connect more and more devices comes not only from consumers’ appetite for digital entertainment content that they can move around the home, but to device vendors’ desire to differentiate their products from their competitors’.
In addition to connected TV sets, the most popular categories of network-ready CE devices include mature categories such as set-top boxes and those showing dramatic growth from small beginnings, such as connected digital still cameras, digital media adaptors, and networked Blu-ray players.
While these trends mainly reflect the situation in the “first world” markets of North America, Asia-Pacific and Western Europe, in all those regions these markets are developing along similar lines and at similar rates.
These market data are available as part of the firm’s Home Networking Research Service, which also includes other Market Data products, Research Reports, Research Briefs, ABI Insights, and analyst inquiry support.