Home Entertainment Devices Market Value Projected to Expand by 2028
The home entertainment devices market is projected to grow at a CAGR of around 7% during the forecast period (2020-2026). Home entertainment devices include an extensive range of consumer electronics including gaming consoles, television sets, home theatre, audio equipment, and recorders, among others. Increased consumer spending on entertainment products and growing disposable incomes have ensued demand for home entertainment devices. Further, the rise in digitalization trends in electronic goods and the increasing tech-savvy population have led to the growth of the global home entertainment devices market.
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The rapid rise of e-commerce has also played a pivotal role in the rise of the market with most of the companies offering products on e-commerce platforms. The convenience with which consumers can access everything and order anything from e-retailing has certainly given the home entertainment devices industry a significant boost. With the outbreak of COVID-19, most of the individuals are spending their time at home only, which has caused an increase in the demand for home entertainment devices. Increasing adoption of OTT (Over-the-Top) media services such as Netflix, Prime Video, HotStar, and more have caused more individuals to purchase home entertainment devices to enhance their viewing experience.
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· Market Coverage
· Market number available for – 2022-2028
· Base year- 2021
· Forecast period- 2022-2028
· Segment Covered- By Source, By Product Type, By Applications
· Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Home Entertainment Devices Market by Product Type
o Audio Devices
o Video Devices
o Gaming Consoles
Global Home Entertainment Devices Market by Distribution Channel
o In-Store
o Online
Regional Analysis
o North America
o US
o Canada
o Europe
o UK
o Germany
o Italy
o Spain
o France
o Rest of Europe
o Asia-Pacific
o China
o India
o Japan
o Rest of Asia-Pacific
o Rest of the World
Company Profiles
o Amazon, Inc.
o Apple, Inc.
o Ayre Electronics, Inc.
o BENQ Corp.
o Bose Corp.
o Haier Inc.
o Harman International Industries, Inc.
o Koninklijke Philips N.V.
o LG Electronics, Inc.
o Logitech International S.A.
o Microsoft Corp.
o Mitsubishi Electric Corp.
o NEEO AG
o Panasonic Corp.
o Samsung Electronics Co., Ltd.
o Savant Systems, Inc.
o Sennheiser electronic GmbH & Co. KG
o Sonos, Inc.
o Sony Corp.
o TCL Corp.
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global home entertainment devices market. Based on the availability of data, information related to the products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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