MUMBAI: 70 per cent of the global consumer electronic (CE) industry 2011 revenues will come from Internet connectable devices, according to the latest research from the Strategy Analytics Connected Home Devices (CHD) service.

Internet connectivity has become a key feature for the majority of CE devices, whose global installed base will reach the two billion unit mark by the end of the year.

Strategy Analytics director Peter King said, "67 per cent of all FPTV units sold in 2015 will be Connected TVs. This represents a 38 per cent compound annual growth rate over the next five years. While connected flat panel TVs, set-top boxes and DVRs still represent a small portion of their respective product segments, 68 per cent of all CE devices sold this year will be connectable to the Internet."

According to this report, Connected TVs represent one of the biggest growth opportunities over the next five years as major  endors, such as Samsung, LG and Sony, push their Smart TV initiatives. Global connected TV device revenues will total in excess of $95 billion in 2015, representing more than one-quarter of the overall connected device market.

Senior analyst in the digital consumer practice Jia Wu said, "67 per cent of all FPTV units sold in 2015 will be Connected TVs. This represents a 38 per cent compound annual growth rate over the next five years. Although growth in the overall TV market will be modest, the market value of connected TVs will more than double during the same period."