CEDIA Shares Stats from Market Intelligence Project
Initial results released from Size and Scope of the Residential Electronic Systems Market in the U.S. 2011
September 9, 2011
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According to CEDIA, the project begun as a result of the lack of information available specific to the custom channel--how the channel is represented in the larger residential electronic systems market and trends that should be tracked. Additionally, the organization reports that 74 percent of CEDIA membership is currently utilizing industry data to make business decisions. And only 39 percent were satisfied with the research currently available.
The purpose of the project included gathering more information on the market at large that will help to create better products and services to the membership as well as manufacturers.
Other objectives include:
- Determining the number of installation companies currently installing residential electronics systems products, broken down by electronic systems contractors (ESCs)-custom retailer, AV installer, integrator-security/alarm installation companies, home network/IT professionals and electrical contractors
- Determining the size of the workforce that each installation company segment of the industry represents
- Determining the total economic impact of the installation portion of the residential electronics systems industry, with specifics on each installation company segment
- Determining the annual level of industry products sales, broken down by category and distribution
- General market conditions and forecasting
Requests for information were sent to the following: electronic systems contractors, security/alarm installation companies, home network/IT professionals and electrical contractors; manufacturers and distributors serving the residential electronics systems industry; mass merchants, large installation service providers and telecoms in the residential electronics systems industry.
Product categories examined in the study were determined based on data collected from installation companies based on the level of use and shipment information. These categories include multi-channel audio/video system and associated controls; multi-room audio systems; racks, mounts and installation hardware; outdoor entertainment systems; home controls; home networking; home security systems; central vacuum systems; and cabling, wiring, interconnects and AC power conditioning.
All categories have varying subcategories based on complexity.
Some of the preliminary findings from participants (who must have been completing residential installations, which include the usage of at least one of the product categories mentioned above) include:
Companies Mentioned:
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