Written by: Roshan Dwivedi
The CE industry reached a milestone in the second quarter with half of U.S. Internet homes now owning a Connected TV device. This includes connected TVs, video game consoles, streaming media players, and Blu-ray Disc players that consumers connected to the Internet allowing them access to online video on demand apps such as Netflix and Hulu. The total number of homes that have a Connected TV device is up to 46 million, a four million home increase from Q2 of last year, according to The NPD Group Connected Intelligence Connected Home Entertainment Report.
A primary driver of this growth has been the success of the SMART TV industry. According to NPD’s Retail Tracking Service, 45 percent of TVs sold in the U.S. during Q2 supported apps, up from 34 percent last year and 24 percent two years ago. As more app-ready TVs enter homes, the rate of consumers actually connecting these displays to the Internet also increased. In Q2, 69 percent of all installed Internet capable TVs were connected, up from 61 percent last year and 45 percent two years ago.
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