Let’s dig back into the research again: The CEDIA® annual Size and Scope of the Residential Electronic Systems Industry study report is designed to quantify, segment, characterize, and forecast the market at large. We recently provided a preview of the results in the home theater universe; here’s a summary of some stats from the upcoming report on distributed audio.
Installation Estimates Are Up for 2016
The report notes that “systems integrators reported an average of 32 audio installations for 2015 with an estimate of 38 for the full-year 2016. In 2013, the average number of audio installations for systems integrators was 24. That’s an annual percent growth rate of over 16%.” You’ll note that 2014 saw a really big bump – that’s something of an anomaly: the sudden uptick is largely due to the economy coming back after the recession. While the numbers dipped by 12% from ’14 to ’15, the year-to-year growth prior to that would’ve been unsustainable.
Prices Stay Consistent
The 2014 boom commanded an average price for distributed audio systems of $19,605. When the industry corrected in 2015, the average dipped to $18,567. Cue the research team:
“Despite the number of audio installation projects dropping from 2014 to 2015, the average project price has remained consistent – a good sign for this market segment. Additionally, the average price per audio system has increased 62% over the last 5 years.” – CEDIA Research Manager Stephanie Simopoulos
“These numbers should dispel the fears that commoditized products have and will disrupt profitability in distributed audio. People are listening to music more than ever, and audio is a great segment of our market that should continue strong growth for the foreseeable future.” – CEDIA V.P. of Emerging Technology Dave Pedigo
(By the way, if you missed CEDIA’s Dave Pedigo presenting the results of the most recent Size and Scope study at CEDIA 2016 in Dallas, you can find that talk on our YouTube channel.)
The full 2016 report will be available to CEDIA members on Dec. 1, 2016 at no charge. (The non-member price is $999.00.) Not a member? You can join CEDIA here