The 2015 CEDIA Size and Scope Study predicts that by the end of this year, systems integrators and installers will complete more residential installation projects than in each of the last four years, and their average gross revenues will top $2.5 million, up from $2.2 million in 2014.
Home theaters and media rooms are the most popular projects, followed by multiroom audio and home automation and control. The total number of projects that installers take on, and the average cost, will also both rise for the third straight year. In 2010, the average cost of a home theater installation project was $16,400. In 2015, that average project cost rose to $39,000–a two-fold increase.
That does not mean, however, that only the very wealthy can afford to these projects. The median home theater price systems integrators sold was $16,666 (50 percent cost less than), and the median audio installation was $11,000. In both instances, the average company also saw an increase in the number of home theater and audio installation projects in 2014 and that growth is expected to continue throughout the end 2015.
CEDIA’s Basic Residential Boot camp offers a combination of classroom and hands-on learning to help participants learn a variety of home technology skills.
As you look down the pike of another busy year, the question always remains on how to balance it all. How to retain employees, how to manage the business side of things, how to keep up to date on all the trends that are coming to market. It’s not easy being a business owner, but you don’t have to go it alone.
CEDIA offers resources for every side of your business and with your CEDIA membership you enjoy exclusive resources to help you run your business, like the suggested chart of accounts, job cost summary and the labor profitability calculator. As a CEDIA member you also enjoy savings on both in-person and online training. We’ve already set dates for 2016 Boot Camps, which are excellent hands-on resources to take your staff to the next level.
CEDIA’s Basic Residential Boot Camp focuses on the knowledge and skills needed to install low-voltage infrastructure in the home. This three-day course provides comprehensive training for anyone new to the custom residential electronic systems industry.
A combination of classroom and hands-on learning will help participants learn a variety of home technology skills including: cable and connector fundamentals, residential codes, standards, and jobsite safety, distributed audio and video in the home, and jobsite professionalism.
We recommend Home Theater Boot Camp for those who already have a basic knowledge of home theater setup. This training will elevate your skills as you learn how to configure a rack properly to include thermal management an ergonomics, install and mount a projector, and learn basic room acoustics.
Basic Boot Camp will be offered March 14-16, June 13-15, and November 7-9.