NEW YORK –
The component-audio business has proven resilient despite lackluster economic growth and continued consolidation in the specialty- A/V retail channel, said audio marketers polled by TWICE.
They attributed growth to a variety of factors, including the need for component electronics to access content from PCs, the Cloud, and – through wired and wireless connections — from smartphones and tablets.
CEA statistics support the suppliers’ good mood. Factory-level sales of component-audio electronics rose 6.5 percent to $371.5 million for the first nine months of the year, and sales of speakers of all kinds, including custom, rose 14.3 percent to $530.8 million, CEA statistics show.
Here’s how key suppliers assessed the state of the market in 2011, and prospects for 2012, in response to emailed questions for the following “virtual” roundtable discussion.