CEDIA Report Finds New Connected Home Technologies & Rising Consumer Confidence Will Translate to Record Growth
At CEDIA EXPO yesterday in Dallas, CEDIA released results of its annual Size and Scope research project. It found that as more American homeowners purchase high-end home entertainment, lighting control, whole home control and security systems, the professionals they turn to for help in selecting and installing the components are reaping the rewards. The residential electronic systems industry will realize a third straight year of growth, according to the report.
Every year CEDIA conducts its Size and Scope of the Residential Electronic Systems Industry Survey to analyze the size of the industry’s workforce and pinpoint general market trends. The 2015 report predicts that by the end of this year, systems integrators and installers will complete more residential installation projects than in each of the last four years, and their average gross revenues will top $2.5 million, up from $2.2 million in 2014.