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How Much is Custom Market Worth?
A new study from CEDIA estimates the annual revenues for the custom installation industry, painting an optimistic future.
According to a new study by CEDIA, the annual total custom installation industry revenues are between $13 billion and $14 billion.
The data is part of newly released findings from the association's market research report, "Size and Scope of the Residential Electronic Systems Market in the US in 2011."
Findings indicate that the industry is optimistic about the future. The report features data on the characteristics of companies working within the residential electronics systems industry in the U.S. The report is an expansion of CEDIA’s research offerings, which are designed to provide CEDIA members and other key stakeholders with market data that will enable them to make better business decisions and identify new opportunities.
The study also offers details on the state of the industry as well as current opportunities and threats. The findings of the study indicate that there are 20,000 to 22,500 companies in the U.S. that are installing CEDIA portfolio products in residential environments.
Findings indicate the traditional electronic systems contractor (ESC) company represents the majority of the size and revenue for the industry. However, the market and CEDIA membership is a diverse group that CEDIA anticipates will continue to expand and change.
Half way through 2011, survey respondents across all dealer types reported high optimism about what their year-end numbers would be for 2011. All expected increases in gross revenue, number and size of projects. In addition, ESCs forecast an increase in gross revenue from 2010 at 4.6 percent.
“CEDIA research initiatives bring tremendous value to CEDIA members and to the industry,” says Randy Stearns, CEDIA chairman. “CEDIA is committed to providing quality data specific to the residential technology industry to help our members make the best business decisions year over year.”
CEDIA’s goal is to provide this report on an annual basis. CEDIA members and media can request top-level findings here. Project participants will receive the full report.In addition, CEDIA Chairman, Randy Stearns will present some of the findings during CEDIA’s Annual Membership Meeting webinar on December 27 at 12 noon Eastern. The full report is not for sale in 2011. Questions about CEDIA’s research initiatives can be directed to .(JavaScript must be enabled to view this email address).![]()
The data is part of newly released findings from the association's market research report, "Size and Scope of the Residential Electronic Systems Market in the US in 2011."
Findings indicate that the industry is optimistic about the future. The report features data on the characteristics of companies working within the residential electronics systems industry in the U.S. The report is an expansion of CEDIA’s research offerings, which are designed to provide CEDIA members and other key stakeholders with market data that will enable them to make better business decisions and identify new opportunities.
The study also offers details on the state of the industry as well as current opportunities and threats. The findings of the study indicate that there are 20,000 to 22,500 companies in the U.S. that are installing CEDIA portfolio products in residential environments.
Findings indicate the traditional electronic systems contractor (ESC) company represents the majority of the size and revenue for the industry. However, the market and CEDIA membership is a diverse group that CEDIA anticipates will continue to expand and change.
Half way through 2011, survey respondents across all dealer types reported high optimism about what their year-end numbers would be for 2011. All expected increases in gross revenue, number and size of projects. In addition, ESCs forecast an increase in gross revenue from 2010 at 4.6 percent.
“CEDIA research initiatives bring tremendous value to CEDIA members and to the industry,” says Randy Stearns, CEDIA chairman. “CEDIA is committed to providing quality data specific to the residential technology industry to help our members make the best business decisions year over year.”
CEDIA’s goal is to provide this report on an annual basis. CEDIA members and media can request top-level findings here. Project participants will receive the full report.In addition, CEDIA Chairman, Randy Stearns will present some of the findings during CEDIA’s Annual Membership Meeting webinar on December 27 at 12 noon Eastern. The full report is not for sale in 2011. Questions about CEDIA’s research initiatives can be directed to .(JavaScript must be enabled to view this email address).
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About the Author
Jason Knott, Editor, CE Pro
Jason has covered low-voltage electronics as an editor since 1990. He joined EH Publishing in 2000, and before that served as publisher and editor of Security Sales, a leading magazine for the security industry. He served as chairman of the Security Industry Association’s Education Committee from 2000-2004 and sat on the board of that association from 1998-2002. He is also a former board member of the Alarm Industry Research and Educational Foundation. He is currently a member of the CEDIA Education Action Team for Electronic Systems Business. Jason graduated from the University of Southern California.
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