Press Room
For Immediate Release
September 8 , 2011
Media Contact:
Jamie Riley |
CEDIA to Release New Market Research Report in Fourth Quarter
Preliminary findings shed light on size of residential electronic systems market
INDIANAPOLIS (September 8, 2011) – The Custom Electronic Design & Installation Association (CEDIA) has released preliminary data from a new CEDIA market research report that will be available in the fourth quarter of 2011. The new report, Size and Scope of the Residential Electronic Systems Market in the US©, will feature data on the characteristics of companies working within the residential electronics systems industry in the U.S.
The report will reveal the current number of installation companies in the industry, the size of the workforce, trends, forecasts, and the economic impact of the industry. The report is an expansion of CEDIA’s research offerings, which are designed to provide CEDIA members, industry businesses, media, and other key stakeholders with market data that will enable them to make better business decisions.
CEDIA’s Size and Scope of the Residential Electronic Systems Market in the US© report will offer details on the state of the industry as well as current opportunities and threats. Preliminary survey findings have revealed that there are between 10,500 and 11,500 electronic systems contractor companies (Custom Retailer/AV Installer/Integrator) in the United States. The average 2010 gross revenue of all respondents was $1.6 million.
“As the landscape of our industry changes, the need for market data is more apparent than ever,” said Utz Baldwin, CEDIA CEO. “CEDIA’s research initiatives will provide industry stakeholders with the knowledge needed to make informed business decisions.”
CEDIA’s goal is to provide this report on an annual basis. Top-level information from the first report will be published in the fourth quarter of 2011. Additional research efforts will expand into the global market.
In addition to this report, CEDIA recently released its fifth annual Benchmarking Survey Report, which evaluates the state of the CEDIA member electronic systems contractor businesses for calendar year 2010 and reports on 2011 expectations. Future research initiatives will expand into the Research updates, project details, and report availability will be posted at www.cedia.org/research. Questions about CEDIA’s research initiatives can be directed to CEDIA Market Research Manager Erica Shonkwiler at eshonkwiler@cedia.org.
About CEDIA
CEDIA is an international trade association of companies that specialize in designing and installing electronic systems for the home. The association was founded in September 1989 and has more than 3,500 member companies worldwide. CEDIA members are established and insured businesses with bona fide qualifications and experience in this specialized field. For more information on CEDIA, visit the association’s website at www.cedia.org.
Follow @CEDIA on Twitter, find us on Facebook at www.facebook.com/CEDIA.Region2, or join the CEDIA group on LinkedIn.
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