IoT Will Drive Consumer Tech Industry to $287 Billion in Revenues, an All-Time High, According to Consumer Technology Association

Tech Sectors to Watch

  • Drones: CTA expects U.S. sales of drones weighing more than 250 grams – the minimum for FAA-mandated registration – to reach one million units in 2016, a 145 percent increase from 2015’s total. When adding drones weighing 250 grams or less to those totals, the total forecast for 2016 drone sales tops 2.8 million units (up 149 percent from 2015) and $953 million in shipment revenues (a 115 percent increase from last year).
  • Virtual Reality (VR): With several notable VR headsets coming to market in 2016, CTA expects unit sales to increase by 500 percent over last year, to reach 1.2 million units sold. Total revenues are projected to reach $540 million, a 440 percent increase.
  • 3D Printing: An expanding diversity of 3D printing capabilities will drive the sector’s growth in 2016. CTA expects 3D printer sales to increase 64 percent from 2015, to reach 179,000 units sold, with total revenues of $152 million, a 38 percent increase.

“We are at a time when new tech categories can come out of seemingly nowhere and lead to disruption in the blink of an eye,” said Shawn DuBravac, Ph.D., chief economist and senior director of research, CTA. “Digitization is rapidly changing the landscape of our daily lives, and consumers are clearly choosing to infuse tech in all facets of their lives. As economic fundamentals improve – a strengthened labor market, solid consumer spending, lower energy prices – the tech industry’s bottom line will continue to surpass record unit and revenue levels in 2016.”

The U.S. Consumer Technology Sales and Forecasts is published twice a year, in January and July, reporting U.S. factory sales-to-dealers. It was designed and formulated by CTA, the most comprehensive source of sales data, forecasts, consumer research and historical trends for the consumer technology industry. Please cite any information to the Consumer Technology Association (CTA)TM. The complete report is available for free to CTA member companies at members.CTA.tech – non-members may purchase the study for $2,000 in the  CTA Store. For more information, visit CTA.tech/salesandforecasts.

About Consumer Technology Association:

Consumer Technology Association (CTA)TM, formerly Consumer Electronics Association (CEA)®, is the trade association representing the $287 billion U.S. consumer technology industry. More than 2,200 companies – 80 percent are small businesses and startups; others are among the world’s best known brands – enjoy the benefits of CTA membership including policy advocacy, market research, technical education, industry promotion, standards development and the fostering of business and strategic relationships. CTA also owns and produces CES® – the world’s gathering place for all who thrive on the business of consumer technology. Profits from CES are reinvested into CTA’s industry services.

UPCOMING EVENTS

  • CES 2016 – Register
    January 6-9, Las Vegas, NV
  • Winter Break
    March 21-24, Park City, UT
  • Technology & Standards Spring Forum
    April 4-8, San Diego, CA
  • CES on the Hill
    April 19, Washington, DC
  • Digital Patriots Dinner
    April 20, Washington, DC
  • CES Asia 2016
    May 11-13, Shanghai, China
  • CEO Summit
    June 21-24, Tel Aviv, Israel
  • Innovate!
    September 20-22, San Jose, CA
  • CES 2017
    January 5-8, Las Vegas, NV



Contact:

Consumer Technology Association
Laura Hubbard, 703-907-4326
Email Contact
www.CTA.tech
or
Danielle Cassagnol, 703-907-5253
Email Contact



« Previous Page 1 | 2             



Review Article Be the first to review this article
Featured Video
Jobs
Logic Design Engineer for Intel at Santa Clara, California
Staff SerDes Applications Design Engineer for Xilinx at San Jose, California
Circuit Design & Layout Simulation Engineer - Co-Op (Spring 2021) for Global Foundaries at Santa Clara, California
Principle Engineer (Analog-Mixed-Signal Implementation) for Global Foundaries at Santa Clara, California
Senior Staff Field Application Engineer for Global Foundaries at Santa Clara, California
Upcoming Events
Strategic Materials Conference (SMC) 2021 at DoubleTree by Hilton san jose CA - Sep 27 - 29, 2021
MIPI DevCon 2021 at Virtual Event - Sep 28 - 29, 2021
Embedded Systems Week at Virtual Conference Virtual Conference - Oct 10 - 15, 2021
DVCon Europe 2021 at Germany - Oct 26 - 27, 2021



© 2021 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise