Americans Spend $1,200 A Year On Tech Gadgets - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Hardware & Infrastructure

Americans Spend $1,200 A Year On Tech Gadgets

Two of the fastest movers and shakers in the consumer electronics industry are devices that enable home networking.

U.S. households are spending an average of $1,200 a year on electronic gadgets, and are building more home networks, an annual survey showed.

The average home has 25 consumer-electronic devices, with the top five growth sectors being digital video recorders, network routers or hubs, MP3 players, cable modems, and digital cameras, according to a report published Thursday by the Consumer Electronics Association.

"It's interesting to note here that two of the fastest movers and shakers in the CE industry are devices that enable home networking," CEA research analyst Elena Caudle said in a statement. "The other three products enable consumers to create, shift or transport digital content."

While adults spend $1,200 annually on CE products, teens spend $350 a year, which is about half of their total discretionary income, the trade group said. Adults with children and teens spend up to $500 more on CE purchases than the national average.

Fully 30% of U.S. households owned a router or hub, which is 8% more than last year; and 62% owned a cable modem, 6% more than 2006, the CEA said. Digital video recorders were in 25% of U.S. households, an increase of 8%; while MP3 player ownership was up 7% to 32% of households. Digital-camera ownership rose to 62% of households.

The five most owned products were televisions, 92% of households; DVD players, 84%; cordless phones, 82%; and cellular phones, 76%. Because of their prevalence, sales of these items were expected to grow as a result of upgrades and replacements.

"Some of the more intriguing categories are those that still occupy niche markets, such as mobile CE devices like GPS systems and satellite radio, which have seen healthy growth in the past few years," Caudle said.

Other product categories with significant growth included high-definition TVs, which are in a quarter of U.S. homes, the CEA said.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
2021 State of ITOps and SecOps Report
2021 State of ITOps and SecOps Report
This new report from InformationWeek explores what we've learned over the past year, critical trends around ITOps and SecOps, and where leaders are focusing their time and efforts to support a growing digital economy. Download it today!
InformationWeek Is Getting an Upgrade!

Find out more about our plans to improve the look, functionality, and performance of the InformationWeek site in the coming months.

IT Leadership: 10 Ways to Unleash Enterprise Innovation
Lisa Morgan, Freelance Writer,  6/8/2021
Preparing for the Upcoming Quantum Computing Revolution
John Edwards, Technology Journalist & Author,  6/3/2021
How SolarWinds Changed Cybersecurity Leadership's Priorities
Jessica Davis, Senior Editor, Enterprise Apps,  5/26/2021
Register for InformationWeek Newsletters
Current Issue
Planning Your Digital Transformation Roadmap
Download this report to learn about the latest technologies and best practices or ensuring a successful transition from outdated business transformation tactics.
White Papers
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll