It’s all about being connected when it comes to growth in consumer electronics devices. Seventy percent of 2011 revenue in the CE sector will come from devices connected to the Internet, whose global installed base will reach the 2 billion unit mark by year-end, according to the Strategy Analytics Connected Home Devices (CHD) service.
“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,” Strategy Analytics director Peter King noted.
Moreover, the growth trajectory for connected CE devices will slope strongly upward over the next five years, according to Strategy Analytics’ “Global Connected Consumer Electronics (CE) Devices Market Forecast” report.
Forecasting global connected TV device revenue in excess of $95 billion in 2015 and accounting for more than 1/4 of the total market, the Smart TV market segment represents “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,” Strategy Analytics says.
“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 research firm’s Digital Consumer Practice. “Although growth in the overall TV market will be modest, the market values of connected TVs will more than double during the same period.”