The report features data on the characteristics of companies working within the residential electronics systems industry in the U.S., revealing the current number of installation companies in the industry, the size of the workforce, trends, forecasts, and the economic impact of the industry.
The key findings from CEDIA’s Size and Scope of the Residential Electronic Systems Market in the U.S. reveals:
- The Electronic Systems Contractors (ESCs) expect a 5 percent gross revenue increase and a 17 percent increase in the number of projects in 2012 compared to 2011.
- Revenues for the installation segment of the industry are trending up as a whole, from $13B-$14B in 2010 to an anticipated $13.8B to $14.8B.
- ESCs also report a greater percentage of projects in existing homes (versus new construction) than ever before, while indicating that they are growing, adapting and expanding into new product and service offerings.
CEDIA members and media can request top-level findings by emailing research@cedia.org. In addition to this report, CEDIA recently released its sixth annual Benchmarking Survey Report, which evaluates the state of the CEDIA member electronic systems contractor businesses.
Research updates, project details, and report availability will be posted here. Questions about CEDIA’s research initiatives can be directed to CEDIA Market Research Manager Erica Shonkwiler at eshonkwiler@cedia.org.