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Networked Home Media Device Revenue Double by 2012

ABI Research announced that revenue from consumer electronics devices that can integrate with home networks is set to more than double from $100 billion in 2009 to $243 billion in 2012.

According to the statement, 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 TVs, 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 Disc 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.

“Markets for connected home entertainment products have not been adversely affected by the global recession,” says ABI’s practice director Jason Blackwell. “In line with the conventional wisdom, consumers seemed more eager than ever during the economic decline to enhance their home entertainment options. Television sales in particular did very well in 2009.”

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