Global annual unit sales for streaming media devices, including both player and stick form factors, will increase from 30 million units in 2013 to 86 million units in 2019, according to Parks Associates.
More than 330 million 4K UHD TVs will be sold globally by the end of 2019, an increase from two million in 2013. By 2020, nearly 97 million wireless speakers will be sold globally.
“The number of connected CE categories and devices continues to expand as companies look to disrupt the market,” said Stuart Sikes, president, Parks Associates.
“The key priorities for our research are to identify emerging business models, effective partnerships, and engagement strategies that help develop profitable consumer products and services.”
In the US, Roku is currently market leader for streaming devices, followed by Google Chromecast, Amazon and Apple TV.
Cord cutters use a gaming console (37%) the most to stream video and other content, closely followed by a streaming media device (34%).
13% of US broadband households purchased a streaming media device in 2014, boosting adoption to nearly 30%.
66% of US broadband households use a streaming audio service; 26% of US broadband households subscribe to a paid streaming audio service.
Emerging CE devices to watch include mini-computers (“compute sticks”), hobby drones, and GPS systems for people and pets.