• 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 | Business Support | Headphones | Markets | News | Projectors/Screens | Wellness
February 2, 2021

CTA Forecasts 4.3% Growth in Consumer Electronics in 2021

Major categories like 8K TVs, video game consoles, wireless headphones, and wellness technology are all poised for a big 2021.
CE Pro Editors  

The CTA projects the video game software and services category will reach $47 billion in revenue this year, up 8% from 2020.

Article:
Audio/Video | Business Support | Headphones | Markets | News | Projectors/Screens | Wellness
February 2, 2021

CTA Forecasts 4.3% Growth in Consumer Electronics in 2021

The Consumer Technology Association (CTA) expects another strong year for consumer electronics sales in the U.S. In its recently released “U.S. Consumer Technology One-Year Industry Forecast” report, the company says retail sales revenue for the technology industry will reach $461 billion in the U.S. in 2021 – a 4.3% increase year-over-year.

The report, which tracks manufacturer shipments to the U.S. for over 300 tech products, as well as software and services, expects work from home and remote schooling to play a major role in market growth.

As millions of Americans remain at home, most are relying on tech to stay connected during the pandemic. As a result, streaming services, 5G connectivity and digital health devices will stand out in the tech sector.

“The pandemic has pushed the fast-forward button on tech adoption – from our homes to our work to our doctor’s offices,” says Gary Shapiro, president and CEO, CTA.

“While the road to a full economic recovery is long and intertwined with a complex vaccine rollout, the tech industry’s ability to meet the moment during this crisis has been critical. As we kick off a new year with an all-digital CES 2021, I look forward to seeing the global tech community come together to share its vision for a reimagined future.”
 

Entertainment Spending Continues to Soar

According to the report, spending on entertainment technology and streaming services is expected to continue at its strong pace from 2020. Total spending on streaming services and software is projected to reach a record high of $112 billion in 2021, an 11% increase over 2020. This reflects a similar trend to the 31% growth shown from 2019 to 2020.

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!

“Tech demand in the first several months of 2021 will look a lot like the last few months of 2020,” says Rick Kowalski, director of industry analysis and business intelligence, CTA.

“Streaming services, 5G connectivity and digital health devices will push consumer tech forward in the year ahead as innovative technologies prove their resilience during challenging times. The industry’s ability to meet societal needs in a variety of circumstances will bring growth in 2021 as the world emerges from the pandemic.”

Integrators can also expect the release of next-gen game consoles from Microsoft and Sony to continue to drive sales, as the supply chain catches up with consumer demand. But the demand isn’t limited to the latest and greatest in video game technology, as combined home and portable console shipments will reach 18 million units in 2021, up 3%, earning $6 billion in revenue (up 16%).

Another area for integrators to watch is the high-end TV market. Many households channeled discretionary dollars into upgrading TVs in 2020, leading to a record-setting year for shipments.


Fast facts:

  • Video: Exclusive content and cord-cutting are driving multiple subscriptions per household to push spending to $41 billion in 2021, up 15% over last year.
  • Audio: Music, audiobook and podcast listening, with services including Apple Music and Pandora are expected to reach $10 billion in revenue, up 19% over last year.
  • Gaming: U.S. households are playing video games more than ever before, for entertainment or staying connected socially. CTA projects the video game software and services category will reach $47 billion in revenue this year, up 8% from 2020.

The CTA expects steady demand for displays in 2021 as they remain the centerpiece for entertainment in homes. The association expects shipments to drop 8% to 43 million units in 2021, the second-highest volume on record, while revenues will decline just 1% to $22 billion. Growth areas for TVs in 2021 include sets over 70-inches (3.3 million units, up 6%) and 8K Ultra High-Definition TVs (1.7 million units, up 300%).

The headphone market will likely build upon a strong end of 2020 to lead to new heights in 2021. In fact, for the first time ever, total wireless headphone and earbud shipments surpassed wired headphones and earbuds in 2020. True wireless earbuds, including popular models like Apple AirPods and Samsung Galaxy Buds, are driving growth, with 91 million units expected to ship in 2021 (up 32%), representing $9.3 billion in revenue (up 16%).

Wellness Tech Remains Category to Watch

With millions of Americans spending more time at home, safety and convenience upgrades are gaining new levels of importance, driving DIY smart home products shipments to 99 million units in 2021 (up 9%), and $15 billion (up 3%). Category growth drivers include smart displays, smart doorbells and smart appliances.

Digital CES 2021 TOTO wellness toilet
Related: 5 Worthwhile Wellness Solutions from CES 2021

Included in CTA’s forecast for the first time, personal mobility options such as electric bikes will see growth as people remain wary of public transportation. In 2021, electric bikes will reach 1.6 million units, up 60%, and $2.6 billion in revenue, up 44%.

Due to COVID-19 concerns, connected health and wellness devices are also gaining in popularity. Smart thermometers, pulse oximeters and blood pressure monitors will all seen an increase in shipments in 2021, equating to 14 million devices (up 35%) in total and $845 million in revenue (up 34%). 

Data also suggests the entire health and fitness technology category, including smartwatches and fitness activity trackers, will see increases in 2021. In total, health and fitness technology forecasts to be up 13% in 2021, reaching 69 million units and $9 billion in revenue (up 6%).

ARTICLE TOPICS

Audio/Video • Business Support • Headphones • Markets • News • Projectors/Screens • Wellness

ARTICLE TAGS

8K • Business Resource • CTA • Gaming • Microsoft • PlayStation • Sony • WFH • Xbox

SHARE

Share On Facebook
Share On Twitter
Share On Linkedin
Share On Whatsapp
Share Via Email
Copy URL
← Previous Article Next Article →
Article Audio/VideoCommercialControlDesignEventsISELightingMarketsOutdoorsPress ReleasesProductsResimercialWellnessWhole-House Systems

KSCAPE RAIL Lighting/Audio Solution to Debut at ISE 2023

KSCAPE notes that its new model of RAIL integrates Casambi for the ultimate ‘plug-and-play’ light audio system solution.
Article Business SupportNewsSoftware/Services

Portal API Integrates with iPoint

Portal.io opens its API to other business management software solutions, and announces its first integration is with iPoint.
Article Audio/VideoCommercialControlDesignEventsISELightingMarketsOutdoorsPress ReleasesProductsResimercialWellnessWhole-House Systems

KSCAPE RAIL Lighting/Audio Solution to Debut at ISE 2023

KSCAPE notes that its new model of RAIL integrates Casambi for the ultimate ‘plug-and-play’ light audio system solution.
Article Audio/VideoDesignLightingMotorized ShadesProjectors/ScreensSpeakers/Subwoofers

Technology Has Become an Interior Design Statement All Its Own

From LED light fixtures to loudspeakers to shades, access control and keypads, to solutions used as ways to conceal technology, design was on everyone’s minds at the recent CEDIA Expo in Dallas.

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