CEDIA Releases Annual Market Research Findings for 2013
CEDIA has released the preliminary findings from CEDIA's annual market research report, Size and Scope of the Residential Electronic Systems Market. The report reveals the current number of installation companies in the industry, the size of the workforce, trends, forecasts and the economic state of the industry.
Erica Shonkwiler, CEDIA senior director of research, said in a press release:
"The theme of 2013 is definitely 'Turning the Corner.' Installation Companies are experiencing a year of solid growth, which aligns with industry indicators. If the year continues as projected, the hire and fourth quarters will be even stronger than the first two."
The preliminary results are as follows:
-Systems Integration / AV Installation companies expect 2013 to end with a 16% increase in gross revenue.
-Respondents expect 11% of their TV sales in the next year to come from Ultra-HD/4K sets.
-Cloud-based content does not seem to be having a negative impact on company hardware sales indicated by 60% of respondents denying a change in sales.