High-End Multi-room Entertainment Centers to Double in Five Years

We all saw this one coming, but it is nice to see it in print. Parks Associates' has a report out that says the adoption of high end entertainment systems is on the rise and we should see a big change in the types of systems that are deployed. In the past installers were only doing installations in new homes because of the wiring requirements, but now with wireless and powerline technology growing at such a rapid pace things are changing. People with old homes that would otherwise not be able to either afford it or it would take to much retro-fitting to make it worth their while are able to enjoy these multi-room media streaming systems.

So while today these types of systems are out of the reach of most of us, it looks like installers are coming up to speed on using all this new technology and will be able to install these systems in all types of houses much easier. We look forward to the next 5-10 years when going into someone's house and enjoying their whole home media setup will be no big deal, as common as DVD players are now. A beautiful future if you ask us. Check after the jump for the full press release.

via ehomeupgrade

Adoption of networking technologies will make installed home theaters and multiroom audio systems more affordable, opening up this market to more consumers at low-to-medium income levels, according to Parks Associates' new report High-end Entertainment Systems: Analysis and Forecasts.

Total U.S. revenues for installed home theaters and multiroom audio systems will grow from $6 billion in 2007 to more than $11 billion by 2012, and analysts forecast the number of new installations to grow 67% over the same period, from 166,000 per year in 2007 to 277,000 by 2012.

"The high-end A/V market is in a major stage of transition," said Bill Ablondi, Director, Home Systems Research, Parks Associates. "Digital content is approaching the performance and quality of analog media, with the added flexibility only digital content offers. Reduced costs coupled with advancements in wireless and powerline networking technologies are also growing the retrofit portion of the market, at a time when mid-market construction is slowing down. Soon PC-based systems from companies such as Dell, HP, and Cisco will compete for customers who traditionally purchased systems from JBL, Sony, and Yamaha."

"Currently, the majority of high-end A/V customers are wealthy," Ablondi said. "In addition, most installed entertainment systems are sold into new homes or homes going through a major renovation. This mix will change as builders, installers, and integrators become more accepting of 'no-new-wires' technologies."

High-end Entertainment Systems: Analysis and Forecasts features surveys and research of principals in the home systems installation channel and updated forecasts for home theater, multiroom audio and media server systems, and home entertainment networks.

For more information, visit http://www.parksassociates.com or contact 972-490-1113 or sales@parksassociates.com.

About Parks Associates: Parks Associates is an internationally recognized market research and consulting company specializing in emerging consumer technology products and services. Founded in 1986, Parks Associates creates research capital for companies ranging from Fortune 500 to small start-ups through market reports, primary studies, consumer research, custom research, workshops, executive conferences, and annual service subscriptions.

The company's expertise includes new media, digital entertainment and gaming, home networks, Internet and television services, digital health, mobile applications and services, consumer electronics, and home control systems and security.

Each year, Parks Associates co-hosts executive thought leadership conferences CONNECTIONS™ and CONNECTIONS™ Europe in partnership with the Consumer Electronics Association (CEA®). In addition, Parks Associates produces the online publication Industry Insights in conjunction with the CONNECTIONS™ Conference series.

February 19, 2008

High-End Multi-room Entertainment Centers to Double in Five Years