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Mathematically speaking, it should be inevitable due to the ever-increase in population. However, based on that alone, we haven't seen the logical increase from one generation to another. The cause of this might not have anything to do with the console market itself, but with other factors such as the current economy and how the new generation is encountering difficulty in finding stable homes ( therefore they will not commit to buying non-essentials such as a console, at least not brand new ).
Also, even if the population is increasing, it doesn't necessarily mean there are more families, but rather a bigger size average in families, and family members tend to share a single console. It's really hard to pin-point what would need to be done for consoles to reach new heights, honestly.