NPD has announced December 2011 and total annual figures for the US video game market. Starting with the overall totals:
Total figures for 2011 were $17.0b, down 11% from $18.6b in 2010. Yearly hardware declined to $5.6b from $6.3b, another drop of 11%. Software fell 6%, to $8.8b from $9.4b, even with HD software growing by 9% on a revenue basis from 2010 to 2011. Given that total hardware grew by almost 30m units in 2011 to an already huge installed base across the seven video game machines, its pretty impressive that there was still a decline. The HD market is still a bit healther for software but in absolute terms the combined X360 + PS3 bases grew by roughly 35% from 2010 to 2011, and software grew by much less than that. In previous years the growth has tracked much more similarly. Accessories also fell to $2.6b from almost $3.0b in 2010, yet another 11% drop.