The British company picked up the accolade for for its NP30 network music player which enables 24-bit audio playback, has access to streaming music services and internet radio stations and will stream audio from any UPnP-equipped device.
Slated for a Spring 2011 release, the Cambridge Audio NP30 network music player will set you back £400.
You can see some of ther other CES 2011 Innovation Award winners in our special blog.
Follow whathifi.com on Twitter