Over 70 percent of the consumer electronic industry revenues will be driven by Internet-connected devices, according to the latest research from Strategy Analytics.
According to the report, global connected-TV-device revenues will total in excess of $95 billion in 2015, which represents more than one-quarter of the overall connected-device market. In 2011, global CE device revenues will reach $468 billion, a of 6 percent growth rate above 2010.
Early this month, research firm IHS iSuppli projected the worldwide shipments of Internet-connected consumer electronic devices such as TVs, game consoles, Blu-Ray Disc players, set-tops and media tablets to exceed PCs in 2013 for the first time.
The Internet-connected device category is expected to grow threefold, from 161 million last year to 503.6 million units in 2013, according to the firm.
Unit sales have a positive projection for 2011 at a growth rate of 19 percent. For connected (network-enabled) consumer electronic devices, Strategy Analytics expects unit growth to reach 30 percent in 2011 and the value growth 15 percent, or $332 billion.
Peter King, director at Strategy Analytics, said: “While connected flat panel TVs, set-top boxes and DVRs still represent a small portion of their respective product segments, 68 percent of all CE devices sold this year will be connectable to the Internet.
“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,” added Jia Wu, the senior analyst at Strategy Analytics in the digital consumer practice. “Although growth in the overall TV market will be modest, the market value of connected TVs will more than double during the same period.”