FOR IMMEDIATE RELEASE

Global Home Theater Market Worth $2.9 Billion in 2013

Wellesley, Mass—According to a new technical market research report, HOME THEATER TECHNOLOGIES AND SERVICES: THE GLOBAL MARKET (IFT069A) from BCC Research, the global market for home theater technologies and services was worth $1.9 billion in 2006. This is expected to increase to $2.1 billion in 2008, and in 2013 the market should be worth $2.9 billion, a compound annual growth rate (CAGR) of 6.9%.

The market is divided into home theater products and home theater services. Home theater products include sound systems, display systems, players, media storage devices, media management devices, home theater components and theater-in-a-box systems. Home theater services include new system services and retrofitted system services.

The home theater products segment currently has a slightly larger share of the market, and is expected to show more robust growth through 2013. Home theater products comprised approximately 50.6% of the overall home theater market total in 2008, forecast to increase to 63.2% in 2013. This segment generated $962.2 million in revenues in 2006 and is expected to reach an estimated $1.1 billion in 2008. This will increase to $1.8 billion in 2013, for a CAGR of 11.7%.

Home theater services comprised approximately 4.7% of the overall home theater market in 2008, forecast to decrease to approximately 4.3% of the overall market in 2013. Home theater services generated revenues of $945.2 million in 2006 and an estimated $1.0 billion in 2008. This segment is expected to increase slightly to $1.1 billion in 2013, a CAGR of 0.8%.

 Consumers use home theater products to reproduce the movie-going experience. Although consumers largely drive the home theater market, luxury purchases are generally made using disposable or discretionary income and the psychology behind such purchases is different than the psychology driving purchases of necessities. Performance of the product is imperative but superior performance that exceeds the difficulty level users are willing to learn rarely penetrates the market. User interface and convenience of remote controls are two critical product features.
 

Home Theater Technologies and Services: The Global Market( IFT069A )
Target Date: September 2008    Price: $4850.00

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