The Global Home Entertainment Devices Market size is expected to reach USD 507.28 Billion in 2030 and register a revenue CAGR of 6.8% over the forecast period, according to a latest report by Reports and Data. Rapid growth of the consumer electronics industry, increasing popularity of technologically advanced equipment, and increasing need for improving customer experience are expected to drive market revenue growth during the forecast period. Rapidly growing technology, increasing urbanization, and increasing popularity of smart products, such as smart speakers, and smart TVs, among others, in homes have increased demand for home entertainment devices. In addition, increasing integration of internet content improves customer experience and enables them to play music, provide news and weather information, and control several smart devices. Moreover, increasing digitization of electronic goods, rapid innovation in existing products, decline in prices of entertainment products, and increase in tech-savvy urban population, especially in developing countries, are expected to increase demand for home entertainment devices. However, innovations in home entertainment devices and emerging technologies provide fast access, greater reliability, high product utilization, and capabilities, which is expected to propel market growth in the future.
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However, increasing adoption of smartphones is expected to drive revenue growth of the market during the forecast period. Increasing penetration of smartphones has had a negative impact on home entertainment devices as users are adopting smartphones as the first screen of choice. Rising popularity of mobile TV also had a huge impact on demand for home entertainment devices. In addition, gaming console manufacturers face major deflation due to adoption of mobile gaming and alternative gaming platforms. Availability of low-cost smart phones and easy-to-get mobile-based entertainment services is expected to hamper market revenue growth over the forecast period.
Top Profiled in the Global Home Entertainment Devices Market Report:
- Samsung Electronics Co. Ltd.,
- Sony Group Corporation,
- Panasonic Corporation,
- LG Electronics, Inc.,
- Others
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Market Segmentation:
By Device Type Outlook:
- Audio Device
- Video Device
- Gaming Consoles
By Connectivity Type Outlook:
- Wired Device
- Wireless Device
By Distribution Channel Outlook:
- Offline
- Online
Key Takeaways of the Global Home Entertainment Devices Market Report:
- A comprehensive overview of the global Home Entertainment Devices industry.
- Accurate market projections in terms of market size, share, and volume.
- Thorough study of the global market dynamics, such as major market revenue growth drivers, opportunities, threats, challenges, restraints, and future growth avenues.
- Deep-dive analysis of the upcoming market trends.
- Qualitative and quantitative analyses of the global Home Entertainment Devices market.
- Elaborate study of the leading regional markets in the global Home Entertainment Devices market.
- Complete overview of the market’s competitive landscape.
- Brief look at the company profiles and portfolios.
Key Regional Markets Covered in the Report:
- North America
- S.
- Canada
- Mexico
- Europe
- Russia
- K.
- Germany
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- A.E.
- Israel
- Rest of Middle East & Africa
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