Installed home theater market to reach $11 billion by 2012, Parks Associates says
By TVTechnology published
Installed home theaters and multiroom audio systems will open up to consumers at low to medium income levels because of growing adoption of networking technologies, finds a new report from Parks Associates.
The report, “High-end Entertainment Systems: Analysis and Forecasts,” forecasts total U.S. revenues for installed home theaters and multiroom audio systems will grow from $6 billion in 2007 to more than $11 billion by 2012.
Parks also projects the number of new installations to grow 67 percent over the same period, from 166,000 per year in 2007 to 277,000 by 2012.
Despite the current subprime mortgage crisis and a slowing U.S. housing market, the surge in wireless technology will power high-end home theater sales, specifically for the wealthy, toward additional growth for the next half of a decade, says the research organization.
For more information, visit www.parksassociates.com.
Future US's leading brands bring the most important, up-to-date information right to your inbox
Thank you for signing up to TV Tech. You will receive a verification email shortly.
There was a problem. Please refresh the page and try again.