Consumer electronics devices that can integrate with home networks are set to deliver more than double the revenue in 2012 that they did in 2009.
In 2009, worldwide revenue from these popular products was slightly over $100 billion; in 2012, that figure will exceed $243 billion, according to new market data from ABI Research.
"Markets for connected home entertainment products have not been adversely affected by the global recession," says practice director Jason Blackwell.
"In line with the conventional wisdom, consumers seemed more eager than ever during the economic decline to enhance their home entertainment options. Television sales in particular did very well in 2009."
The push to connect more and more devices comes not only from consumers' appetite for digital entertainment content that they can move around the home, but to device vendors' desire to differentiate their products from their competitors'.
In addition to connected TVs, the most popular categories of network-ready CE devices include mature categories such as set-top boxes, and those showing dramatic growth from small beginnings, such as connected digital still cameras, digital media adaptors, and networked Blu-ray players.
While these trends mainly reflect the situation in the markets of North America, Asia-Pacific and Western Europe, in all those regions these markets are developing along similar lines and at similar rates.