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4K UHD, digital streaming devices and smart speakers among fastest growing tech

ARLINGTON, Va.–(BUSINESS WIRE)–Smartphones continue their meteoric popularity and are now owned in 87 percent of U.S. homes, second only to televisions at 96 percent ownership, according to new Consumer Technology Association (CTA) research. CTA’s 20th Consumer Technology Ownership and Market Potential Study also shows that for the first time, the top three most-frequently owned tech products are now screen devices, as laptops – trailing only TVs and smartphones – reached their highest ownership level ever at 72 percent.

“It’s no surprise that emerging categories such as smart speakers and VR are among the products consumers anticipate buying the most”

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“‘The Three Screens’ – TVs, smartphones and notebook computers – now dominate the kinds of tech devices Americans have in their home, speaking to consumers’ desire to be connected and entertained, anytime and anywhere,” said Steve Koenig, vice president of market research, CTA. “The rapid ascent of smartphone ownership in U.S. households exemplifies the versatility of these devices – for communication, for entertainment, for productivity and more. And because of that, it’s possible we’ll see smartphone ownership in the U.S. match that of TVs within the next five years.”

Emerging Tech – Smart Speakers, Smartwatches and More

Among new, emerging tech categories, smart speakers including the Amazon Echo and Google Home have nearly tripled in ownership rate to reach 22 percent1 of American households, making it one of the fastest-adopted technologies since tablets. Smartwatch adoption continues to grow, with 18 percent of U.S. households now owning at least one of the devices – an increase of six percentage points over last year. Additionally, ownership rates of drones and virtual reality (VR) headsets were measured at ten and 11 percent of households, respectively.

Consumers Remain Focused on The Big Screen

Next-gen screen technologies and the availability of larger screen sizes drove more U.S. consumers to buy technology in and around the TV. 4K Ultra High Definition televisions experienced the largest growth in household ownership rate, rising 15 percentage points year-over-year to reach 31 percent households ownership, and one in five (19 percent) households owns a TV with a screen size of 60 inches or bigger. Ownership of digital media streaming devices rose nine percentage points since last year to 45 percent of households.

“It’s no surprise that emerging categories such as smart speakers and VR are among the products consumers anticipate buying the most,” said Ben Arnold, senior director of innovation and trends, CTA. “Many of these devices incorporate new technologies and features – artificial intelligence, voice recognition, faster processing – and at the same time provide a smarter way to communicate or experience content.”

#TBT

This year marks the 20th anniversary of CTA’s Annual Consumer Technology Ownership and Market Potential Study showing significant changes from 20 years ago. Going back to 1998, color TVs, VCR decks, cordless phones, telephone answering devices and home CD players made up the top five most-frequently owned tech products in U.S. households.

The 20th Annual Consumer Technology Ownership and Market Potential Study ascertains ownership and purchase intent of consumer technology products among U.S. households across various categories. The report was administered via a dual-frame telephone interview to 2,016 U.S. adults between Feb. 22 – March 5, 2018. It is designed and formulated by CTA Market Research, the most comprehensive source of sales data, forecasts, consumer research and historical trends for the consumer technology industry. The complete study is available for free for CTA member companies or purchase at CTA.tech/research.

CTA’s biannual U.S. Consumer Technology Sales and Forecasts report projects unit sales and revenues across consumer technology categories. CTA will publish the next edition in July.

1Adjusted to represent most recent CTA data on smart speaker household ownership.

About Consumer Technology Association:

Consumer Technology Association (CTA)TM is the trade association representing the $351 billion U.S. consumer technology industry, which supports more than 15 million U.S. jobs. 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 technologies. Profits from CES are reinvested into CTA’s industry services.

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