• CEPro_logo_blue-new
  • TOPICS
      • News
        • People & Places
        • Product Briefs
      • Projects
      • Events
      • Control
        • Central Vac
        • Energy/Power
        • HVAC/IAQ
        • Interfaces/Devices
        • Lighting
        • Motorized Shades
        • Whole House Systems
      • Audio/Video
        • Audio/Video
        • AV Accessories
        • AV Racks
        • Cabling
        • Displays
        • Furniture
        • Headphones
        • Home Theater
        • Media
        • Mounts/Lifts
        • Multiroom AV
        • Projectors/Screens
        • Speakers/Subwoofers
        • Wireless AV
      • Security
        • Access Control
        • Alarms/Sensors
        • Services/Platforms
        • Surveillance/Cameras
      • Business Support
        • Associations/Buying Groups
        • Cell Phone Boosters
        • Distributors/Reps
        • Operations
        • Recurring Revenue
        • Research
        • Sales/Marketing
        • Software Services
        • Tools/Testers
      • Networking
        • Cellular
        • Devices/Equipment
        • Wireless
        • Wired/Installation
      • Markets
        • Builders
        • Commercial
        • Design
        • Europe
        • Outdoors
        • Resimercial
        • Wellness
      • CE Pro Hub Pages
        • Bose
        • Savant
        • Inside Sound United
  • PRODUCTS
  • RESOURCES
    • Reports/Downloads
    • Buyer’s Guide
    • Webcasts
    • Podcasts
    • Integrator Jobs
    • Digital Edition
    • CE Pro-iQ
  • SUBSCRIBE
    • CEDIA SHOW UPDATES
    • CEPRO PRINT EDITION
    • CEPRO DIGITAL EDITION
    • CEPRO NEWSLETTERS
  • DISCOVER
    • CEDIA Expo
      • September 29 – October 1
        Dallas, TX
      • VISIT SITE
    • KBIS
      • February 8 – 10
        Orlando, FL
      • VISIT SITE
    • Total Tech Summit
      • October 26 – 28
        Orlando, FL
      • VISIT SITE
    • Commercial Integrator
      • VISIT SITE
    • Security Sales
      • VISIT SITE
    • Tech Decisions
      • VISIT SITE
    • Campus Safety
      • VISIT SITE
    • Design Well
      • VISIT SITE
    • KBB Online
      • VISIT SITE
    • AV-iQ
      • VISIT SITE
    • CE Pro-iQ
      • VISIT SITE
  • Search
  • TOPICS
    • News
      • People & Places
      • Product Briefs
    • Projects
    • Events
    • Control
      • Central Vac
      • Energy/Power
      • HVAC/IAQ
      • Interfaces/Devices
      • Lighting
      • Motorized Shades
      • Whole House Systems
    • Audio/Video
      • Audio/Video
      • AV Accessories
      • AV Racks
      • Cabling
      • Displays
      • Furniture
      • Headphones
      • Home Theater
      • Media
      • Mounts/Lifts
      • Multiroom AV
      • Projectors/Screens
      • Speakers/Subwoofers
      • Wireless AV
    • Security
      • Access Control
      • Alarms/Sensors
      • Services/Platforms
      • Surveillance/Cameras
    • Business Support
      • Associations/Buying Groups
      • Cell Phone Boosters
      • Distributors/Reps
      • Operations
      • Recurring Revenue
      • Research
      • Sales/Marketing
      • Software Services
      • Tools/Testers
    • Networking
      • Cellular
      • Devices/Equipment
      • Wireless
      • Wired/Installation
    • Markets
      • Builders
      • Commercial
      • Design
      • Europe
      • Outdoors
      • Resimercial
      • Wellness
    • CE Pro Hub Pages
      • Savant
      • Bose
      • Inside Sound United
  • PRODUCTS
  • RESOURCES
    • Reports/Downloads
    • Buyer’s Guide
    • Webcasts
    • Podcasts
    • Integrator Jobs
    • Digital Edition
    • CE Pro-IQ
  • SUBSCRIBE
    • CEPRO PRINT EDITION
    • CEPRO DIGITAL EDITION
    • CEPRO NEWSLETTERS
    • CEDIA SHOW UPDATES
  • DISCOVER
    • Cedia Expo
      VISIT SITE
    • Commercial Integrator
      VISIT SITE
    • Security Sales
      VISIT SITE
    • Tech Decisions
      VISIT SITE
    • Campus Safety
      VISIT SITE
    • Design Well
      VISIT SITE
    • Total Tech Summit
      VISIT SITE
    • KBB Online
      VISIT SITE
    • AV-iQ
    • CE Pro-iQ
M
POPULAR SEARCHES
News
Projects
Control
Audio Video
Security
Business Support
Markets
SUBSCRIBE CEDIA EXPO CEPro-iQ
Audio/Video | Control | Interfaces/Devices | Lighting | News
February 10, 2020

The NPD Group Finds Technology Market to Grow Through 2022

A new study announced by The NPD Group predicts the technology market will experience prosperity for the next several years.
Robert Archer  
The NPD Group's "Future of Tech" report says products like the Google Nest family of smart thermostats were popular with consumers this past holiday shopping period.
Article:
Audio/Video | Control | Interfaces/Devices | Lighting | News
February 10, 2020

The NPD Group Finds Technology Market to Grow Through 2022

A newly released study from The NPD Group estimates the consumer technology industry will experience several years of sales growth.

The NPD Group‘s “Future of Tech” report finds the market will see 5% revenue growth in the U.S. this year, followed by 4% in 2021 and 3% in 2022.

Some of this year’s most popular products the study says are wireless headphones, large TVs (screen sizes 65 inches and bigger), and smart home devices.

“While the industry is poised to pivot towards market-changing new technologies, it is worth noting that consumers will continue to shop what is available today in consumer electronics,” states Stephen Baker, Vice President, industry advisor, The NPD Group.

“Great prices on current technology, much of which is still in the midst of upgrade cycles and product improvements will continue to spur sales in the industry.”

CE Pro 2022 Product Guide

CE Pro's 2022 Product Guide showcases some of the latest and innovative solutions from manufacturers serving the custom electronics industry in a cross-section of categories.

Download the guide now!

Technology Shines Over Holiday Period

Looking at the recently completed holiday sales period, The NPD Group notes that while many general categories experienced little or no growth, technology sales increased by nearly 5%.

According to the Port Washington, N.Y.-based research company, the shorter holiday period of 2019 sparked consumer spending during the annual shopping period to produce 9% sales growth during Thanksgiving week and 14% growth during Cyber Monday week.


Related: Industry Gets Long-Awaited Tariff Relief

Winding up the holiday shopping period, The NPD Group emphasizes Christmas week saw the biggest year-over-year gain—21%—compared to 2018.

This past holiday season computers and headphones were some of the most popular items with consumers, with headphones experiencing sales up more than 52% over 2018 figures.

“Over the holiday, big-screen TVs, premium products and promotional pricing drove the tech industry to growth, as consumers took advance of sales to purchase the best and biggest products they could afford,” adds Baker.

“This is a positive indicator as we head into 2020 and beyond, as consumers are choosing to purchase at a time when a lot of innovation is looming—5G, foldable screens, OLED, AI—not necessarily rating for those technologies, nor expecting today’s products to be discounted.”

ABOUT THE AUTHOR

Robert Archer
Follow
Robert Archer:
Bob is an audio enthusiast who has written about consumer electronics for various publications within Massachusetts before joining the staff of CE Pro in 2000. Bob is THX Level I certified, and he's also taken classes from the Imaging Science Foundation (ISF) and Home Acoustics Alliance (HAA). Bob has also served as the technology editor for CE Pro's sister publication Commercial Integrator. In his personal time beyond his family, he's studied guitar and music theory at Sarrin Music Studios in Wakefield, Mass., and he also studies Kyokushin karate at 5 Dragons and Brazilian jiu-jitsu at Binda Brazilian Jiu Jitsu.
View Robert Archer's complete profile

ARTICLE TOPICS

Audio/Video • Control • Interfaces/Devices • Lighting • News

ARTICLE TAGS

The NPD Group

SHARE

Share On Facebook
Share On Twitter
Share On Linkedin
Share On Whatsapp
Share Via Email
Copy URL
← Previous Article Next Article →
Article ControlLightingMotorized ShadesProjectsWellnessWhole-House Systems

Audio Impact Has Lutron Choreograph the Colorful Lighting of This Ocean View Home

The San Diego integration firm shows how a little change in color goes a long way in this luxurious smart home.
Article Audio/VideoCommercialDesignDisplaysHome TheaterMarketsMultiroom AVNewsProducts

Sony Announces BH and CH Series MicroLED Displays

Sony's latest microLED products provide integrators with a choice of high brightness or wide color gamut customizable display solutions.
Article ControlLightingMotorized ShadesProjectsWellnessWhole-House Systems

Audio Impact Has Lutron Choreograph the Colorful Lighting of This Ocean View Home

The San Diego integration firm shows how a little change in color goes a long way in this luxurious smart home.
Article Audio/VideoBusiness SupportDesignDevices/EquipmentISENetworkingNewsWireless

Origin Acoustics Partners with Netgear

Origin Acoustics will resell and support Netgear’s CI-focused wired and wireless networking products from newly created Netgear AV division.

SHOW NEWSLETTER

Sign Up

CE Pro

Subscribe Sign Up

Content Types

News
Products
Projects
Companies
Downloads
Webcasts
Podcasts
Events

Specials

IntegratorJobs
CEDIA EXPO
CE Pro 100
CE Pro Summit
Awards Programs

Company Info

About
Contact Us
Customer Service
Media Solutions & Advertising

Subscribe

Magazine
Newsletters
Digital Edition

Connect

Twitter
Facebook
LinkedIn
YouTube
RSS Feed

Categories

AUDIO/VIDEO
AV Accessories
AV Racks
Amplifiers/Receivers
Cabling
Displays
Furniture
Mounts/Lifts
Multiroom AV
Projector Screens
Speakers/Subwoofers
Wireless AV
CONTROL
Central Vac
Energy/Power
Interfaces/Devices
HVAC/IAQ
Lighting
Motorized Shades
Whole-House Systems
NETWORKING
Cellular
Devices/Equipment
Wireless
Wiring/Installation
SECURITY
Access Control
Alarms/Sensors
Services/Platforms
Surveillance Cameras
BUSINESS SUPPORT
Associations/Buying Groups
Distributors/Reps
Operations
Recurring Revenue
Research
Sales/Marketing
Software/Services
Tools/Testers
MARKETS
Builders
Commercial
Design
Europe
Outdoors
Wellness
FOLLOW US ON
  • Follow
  • Follow
  • Follow
  • Follow
  • Follow

© 2023 Emerald X, LLC. All Rights Reserved.

  • ABOUT
  • CAREERS
  • TERMS OF USE
  • PRIVACY POLICY