Europe Holds 40 Percent of Connected Consumer Electronics Market

Posted Tue Sep 1, 2009 at 07:00 AM PDT by Mike Attebery

Networked electronic sales are expected to double according to the agenda released today for the European summit on consumer electronics.

Titled “The Roadmap for Connected Consumer Electronics” and hosted by Parks Associates, an international research firm, this executive conference will stress the need for networked goods.

"The sale and installation of home network-enabled consumer electronics products will more than double between 2009 and 2013 to more than 100 million units annually," accounts Kurt Sherf, the principal analyst at Parks Associates. "The European market will be particularly strong in such categories as connected TVs, game consoles, Blu-ray players, network-attached storage, alternative set-top boxes, and whole-home DVRs. Sales and installations of such products in Europe will grow from 20 million units in 2009 to almost 40 million by 2013."

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Tags: Industry Trends (all tags)