Worldwide Digital Home Market Growing at 32% to Hit $159B This Year

Worldwide consumer spending will increase 32% on digital home devices to reach $159 billion in 2006, according to Strategy Analytics research. 

Europe, as the world's largest market, will grow by 38% to hit revenues of $51.5 billion. In the US, revenues will grow by 28% to reach $49.1 Billion.

Digital Home Devices: Global Sales Forecast
2006 Sales: Millions Units

Digital Cameras

94.3

DVD Players

87.8

MP3 Players

87.0

Digital TV Set-Top Boxes

69.4

Plasma/LCD TVs

49.6

DVD Recorders

27.0

Handheld Games Consoles

26.7

Games Consoles

19.5

Digital Video Recorders

15.2

Entertainment PCs

10.7

IP Cellphones

7.2

Portable Media Players

4.5

Source: Strategy Analytics' Connected Home Devices service

The report, "Digital Home Devices Global Market Forecast," predicts that digital cameras, DVD players and MP3 players will be the most popular items this year. In terms of revenue, however, LCD and plasma TVs are the star performers. Consumers around the world will spend nearly $70 Billion on flat panel TVs during 2006, representing 44% of total digital home market revenues.

This report identifies a trend towards IP-connected devices as the next important wave in the migration toward digital homes. 14%  of digital home devices sold this year will be IP-enabled, which allows them to access digital media websites on the Internet, or stored on the home network. Examples of such devices include games consoles and set-top boxes. 

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