CEDIA has released findings from a new CEDIA market research report Size and Scope of the Residential Electronic Systems Market in the U.S. in 2011.
Findings indicate that the industry is optimistic about the future.
The research report features data on the characteristics of companies working within the residential electronics systems industry in the U.S. The report is an expansion of CEDIA’s research offerings, which are designed to provide CEDIA members and other key stakeholders with market data that will enable them to make better business decisions and identify new opportunities.
CEDIA’s Size and Scope of the Residential Electronic Systems Market in the U.S. in 2011 report offers details on the state of the industry as well as current opportunities and threats. The findings of the study indicate that there are 20,000 to 22,500 companies in the U.S. that are installing CEDIA portfolio products in residential environments.
In addition, the data reveals that the residential electronic systems industry represents $13 – $14 billion in annual installation revenue, based upon the estimated number of installation companies in the industry.
Findings indicate the traditional electronic systems contractor (ESC) company represents the majority of the size and revenue for the industry. However, the market and CEDIA membership is a diverse group that CEDIA anticipates will continue to expand and change.
Half way through 2011, survey respondents across all dealer types reported high optimism about what their year-end numbers would be for 2011. All expected increases in gross revenue, number and size of projects. In addition, ESCs forecasted the highest increase in gross revenue from 2010 at 4.6 percent.
“CEDIA research initiatives bring tremendous value to CEDIA members and to the industry,” said Randy Stearns, CEDIA chairman. “CEDIA is committed to providing quality data specific to the residential technology industry to help our members make the best business decisions year over year.”
CEDIA’s goal is to provide this report on an annual basis. CEDIA members can request top-level findings here. Project participants will receive the full report. The full report is not for sale in 2011. Questions about CEDIA’s research initiatives can be directed to [email protected].