Home Entertainment Device Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2018–2028, Segmented By Type of Device (Video Devices[Televisions, DVD & Blue Ray Players, Projectors, Digital Video Recorders, Others], Audio Devices

Home Entertainment Device Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2018–2028, Segmented By Type of Device (Video Devices[Televisions, DVD & Blue Ray Players, Projectors, Digital Video Recorders, Others], Audio Devices [Headphones, Home Theatres, Home Radios, Sound Bars, Others], Gaming Consoles); Distributional Channel (Online, Offline [Hypermarkets, Departmental Stores, Specialty Stores, Others]); Mode of Connectivity (Wired, Wireless); Region (North America, Europe, Asia-Pacific, Latin America, The Middle East and Africa)

Global Home Entertainment Devices Market to Reach USD 424.2 Billion by 2028
The global home entertainment devices market is expected to grow at a higher CAGR due to a significant increase in demand for connected devices, which is driving the global home entertainment device industry. Furthermore, Bluetooth technology is driving wireless audio device usage, which is propelling the global home entertainment device market forward. Furthermore, the home entertainment system incorporates the Internet of things (IoT), which may act as a driving force for the increase in demand for these products as there is a growing consumer demand to connect gadgets with smartphones and have an overall connected smart-home, which will result in boosting the growth of the home entertainment devices market during the forecast period.
A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the global home entertainment devices market was worth USD 275.7 billion in the year 2021. The Global home entertainment devices market is projected to grow at a CAGR of 6.4% from 2022-2028 (forecast period), earning revenues of around USD 424.2 billion by the end of 2028. The market is booming owing to the substantial demand for connected devices; Bluetooth technology further accelerates wireless audio device adoption and boosts the global home entertainment device market. Additionally, with rising living standards and much more disposable income, these technologies are becoming essential parts of every family worldwide, which, combined with the increased consumer investment, is driving the global home entertainment devices market.

Rise in Demand for Video Devices Boosting the Growth of Global Home Entertainment Devices Market
Video devices are home entertainment devices that include streaming devices like televisions, DVRs, Blu-ray and DVD players, and projectors. Video devices are expected to account for 80% of the total market share, rising to almost double their current market share by growing at a 1.8x growth rate throughout the projection period. Furthermore, a decrease in the prices of video home entertainment devices is expected to influence sales and growth. Prices have been falling and stagnating for years despite innovations in the sector, owing to the rising competition from manufacturers and reduced manufacturing costs in several Asian countries, including China, Vietnam, and India.

Restraint
Inclination of Consumer Preferences towards Mobile Devices to Impact the Demand for Global Home Entertainment Devices Market
The recent rise in smartphone adoption has significantly impacted demand for home entertainment devices such as gaming consoles and televisions. Mobile phones have quickly surpassed television viewership as the most favored video device for users worldwide. Furthermore, the availability of mobile television services on phone devices has slowed the growth of televisions. The home entertainment device sector is also under significant competition from PC, mobile, and other gaming platforms. It is noted in research that consumers are inclined towards these devices over traditional ones as they can multitask on devices like PCs and laptops.
Global Home Entertainment Devices market – By Mode of Connectivity

The market is divided into wireless and wired devices based on the mode of connectivity. Wireless devices can range from a simple set of wireless surround sound speakers to a system that combines wireless home networking. They also have built-in LAN devices that allow users to connect to the Internet and profit from networking in a wire-free environment. The wired devices category led the market in 2021, being propelled by developments in the Internet, television, and other application technologies.

Regional Insights
Asia-Pacific was the largest market in 2021, and this trend is expected to continue during the forecast period. Rising internet penetration in developing countries and changing consumer lifestyles are increasing spending on entertainment devices. China is expected to dominate the Asia-Pacific market, while India continues to profit in terms of growth rate during the forecast period. Europe is expected to be its second-largest market during the forecast period. Factors such as rising disposable income and the availability of products at reasonable prices are likely to boost the regional market's growth. Also, the increasing use of IoT-connected devices and increasing demand for items that provide comfort and convenience are expected to boost product demand in Europe. Given the growing demand for subscription video-on-demand (SVOD) services in the country, Germany is expected to dominate the European market over the forecast period.
Impact of COVID-19 on Global Home Entertainment Devices Market
The unprecedented global public health emergency known as COVID-19 has had an impact on almost every business, and the long-term effects are anticipated to have an impact on industry growth throughout the course of the projected period. To ensure that key COVID-19 issues and potential future directions are taken into account when estimating future growth, it is necessary to acknowledge that the global home entertainment devices market has been impacted by global restrictions brought on by the pandemic. As restrictions are lifted in the majority of countries where a larger proportion of the population is immunized, it is expected that the global home entertainment devices industry will achieve the projected compound annual growth rate (CAGR) during the forecast period due to the need of consumers to entertain themselves after such a long period of being locked in their homes which will guide consumer behavior towards purchasing entertainment devices for their homes so that they can keep themselves entertained in case of any future restrictions because of Covid-19.
Competitive Landscape
The major market leaders include Xiaomi, Sony Corporation, Apple Inc., Panasonic Corporation, LG Electronics, Samsung Electronics, Bose Corporation, Sennheiser Electronics, Nintendo, Microsoft Corporation, Koninklijke Philips N.V., Mitsubishi Electric Corporation, among other prominent players in the market. Major market competitors use a variety of techniques, including mergers and acquisitions, innovative therapies, and others, to stay competitive and gain an advantage over rivals. The Global Home Entertainment Device Market is consolidated with the presence of several manufacturing companies globally. The market leaders retain their supremacy by spending on research and development(R&D), incorporating cutting-edge technology into their goods, and releasing upgraded items for customers. Various tactics, including strategic alliances, agreements, mergers, and partnerships, are utilized in order to maintain their market share.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the global home entertainment devices market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the global home entertainment devices market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.


1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Executive Summary
3. Global Home Entertainment Devices Market Variable Insights
3.1. Industry Value Chain Analysis
3.2. DROC Analysis
3.2.1. Growth Drivers
3.2.1.1. Substantial Increase in Demand for Connected Devices
3.2.1.2. Bluetooth Technology is Accelerating Wireless Audio Device Adoption
3.2.2. Restraints
3.2.2.1. Fake/Counterfeit Products
3.2.3. Opportunities
3.2.3.1. Rise in Demand for Video Devices
3.2.4. Challenges
3.2.4.1. Inclination of Consumer Preferences towards Mobile Devices
3.3. Technological Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter’s Five Forces Analysis
3.5.1. Bargaining Power of Suppliers
3.5.2. Bargaining Power of Buyers
3.5.3. Threat of New Entrants
3.5.4. Threat of Substitutes
3.5.5. Intensity of Rivalry
4. Global Home Entertainment Devices Market Overview
4.1. Market Size & Forecast by Value, 2020-2028
4.1.1. By Value (USD Million)
4.2. Market Share & Forecast
4.2.1. By Type of Device
4.2.1.1. Video Devices
4.2.1.1.1. Televisions
4.2.1.1.2. DVD & Blue Ray Players
4.2.1.1.3. Projectors
4.2.1.1.4. Digital Video Recorders
4.2.1.1.5. Others
4.2.1.2. Audio Devices
4.2.1.2.1. Headphones
4.2.1.2.2. Home Theatres
4.2.1.2.3. Home Radios
4.2.1.2.4. Sound Bars
4.2.1.2.5. Others
4.2.1.3. Gaming Consoles
4.2.1.4. Others
4.2.2. By Distributional Channel
4.2.2.1. Online
4.2.2.2. Offline
4.2.2.2.1. Hypermarkets
4.2.2.2.2. Departmental Stores
4.2.2.2.3. Specialty Stores
4.2.2.2.4. Others
4.2.3. By Mode of Connectivity
4.2.3.1. Wired
4.2.3.2. Wireless
4.2.4. By Region
4.2.4.1. North America
4.2.4.2. Europe
4.2.4.3. The Asia-Pacific
4.2.4.4. Latin America
4.2.4.5. The Middle East and Africa
5. North America Deep Brain Stimulation Devices Market
5.1. Market Size & Forecast by Value, 2018-2028
5.1.1. By Value (USD Million)
5.2. Market Share & Forecast
5.2.1. By Type of Device
5.2.2. By Distribution Channel
5.2.3. By Mode of Connectivity
5.2.4. By Country
5.2.4.1. United States
5.2.4.2. Canada
6. Europe Deep Brain Stimulation Devices Market
6.1. Market Size & Forecast by Value, 2018-2028
6.1.1. By Value (USD Million)
6.2. Market Share & Forecast
6.2.1. By Type of Device
6.2.2. By Distribution Channel
6.2.3. By Mode of Connectivity
6.2.4. By Region
6.2.5. By Country
6.2.5.1. Germany
6.2.5.2. United Kingdom
6.2.5.3. Italy
6.2.5.4. France
6.2.5.5. Spain
6.2.5.6. Rest of Europe
7. The Asia-Pacific Deep Brain Stimulation Devices Market
7.1. Market Size & Forecast by Value, 2018-2028
7.1.1. By Value (USD Million)
7.2. Market Share & Forecast
7.2.1. By Type of Device
7.2.2. By Distribution Channel
7.2.3. By Mode of Connectivity
7.2.4. By Region
7.2.5. By Country
7.2.5.1. China
7.2.5.2. India
7.2.5.3. Japan
7.2.5.4. South Korea
7.2.5.5. Australia
7.2.5.6. Indonesia
7.2.5.7. Malaysia
7.2.5.8. Philippines
7.2.5.9. Singapore
7.2.5.10. Rest of Asia-Pacific
8. Latin America Deep Brain Stimulation Devices Market
8.1. Market Size & Forecast by Value, 2018-2028
8.1.1. By Value (USD Million)
8.2. Market Share & Forecast
8.2.1. By Type of Device
8.2.2. By Distribution Channel
8.2.3. By Mode of Connectivity
8.2.4. By Region
8.2.5. By Country
8.2.5.1. Brazil
8.2.5.2. Mexico
8.2.5.3. Argentina
8.2.5.4. Chile
8.2.5.5. Peru
8.2.5.6. Rest of Latin America
9. The Middle East & Africa Deep Brain Stimulation Devices Market
9.1. Market Size & Forecast by Value, 2018-2028
9.1.1. By Value (USD Million)
9.2. Market Share & Forecast
9.2.1. By Type of Device
9.2.2. By Distribution Channel
9.2.3. By Mode of Connectivity
9.2.4. By Region
9.2.5. By Country
9.2.5.1. Saudi Arabia
9.2.5.2. UAE
9.2.5.3. Qatar
9.2.5.4. South Africa
9.2.5.5. Iran
9.2.5.6. Nigeria
9.2.5.7. Kenya
9.2.5.8. Egypt
9.2.5.9. Algeria
9.2.5.10. Morocco
9.2.5.11. Turkey
9.2.5.12. Rest of Middle East & Africa
10. Competitive Landscape
10.1. List of Key Players and Their offerings
10.2. Market Share Analysis, 2021
10.3. Competitive Benchmarking, By Operating Parameters
10.4. Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)
11. Impact of Covid-19 on Global Home Entertainment Devices Market
12. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **
12.1. Xiaomi
12.2. Sony Corporation
12.3. Apple Inc.
12.4. Panasonic Corporation
12.5. LG Electronics
12.6. Samsung Electronics
12.7. Bose Corporation
12.8. Sennheiser Electronics
12.9. Nintendo
12.10. Microsoft Corporation
12.11. Koninklijke Philips N.V.
12.12. Mitsubishi Electric Corporation
12.13. Other Prominent Players
13. Key Strategic Recommendations
14. Research Methodology
14.1. Qualitative Research
Primary & Secondary Research
14.2. Quantitative Research
14.3. Market Breakdown & Data Triangulation
14.3.1. Secondary Research
14.3.2. Primary Research
14.4. Breakdown of Primary Research Respondents, By Region
14.5. Assumptions & Limitations
Note:
*Financial information in case of non-listed companies will be provided as per availability
**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable
List of
Figures
Figure 1: Global Home Entertainment Devices Market Segmentation
Figure 2: Global Home Entertainment Devices Market Industry Value Chain Analysis
Figure 3: Global Home Entertainment Devices Market Size, By Value (USD Million), 2018-2028
Figure 4: Global Home Entertainment Devices Market Share (%), By Type of Device, By Value, 2018-2028
Figure 5: Global Home Entertainment Devices Market Share (%), By Distribution Channel, By Value, 2018-2028
Figure 6: Global Home Entertainment Devices Market Share (%), By Mode of Connectivity, By Value, 2018-2028
Figure 7: Global Home Entertainment Devices Market Share (%), By Region, By Value, 2018-2028
Figure 8: North America Home Entertainment Devices Market Size, By Value (USD Million), 2018-2028
Figure 9: North America Home Entertainment Devices Market Share (%), By Type of Device, By Value, 2018-2028
Figure 10: North America Home Entertainment Devices Market Share (%), By Distribution Channel, By Value, 2018-2028
Figure 11: North America Home Entertainment Devices Market Share (%), By Mode of Connectivity, By Value, 2018-2028
Figure 12: North America Home Entertainment Devices Market Share (%), By Country, By Value, 2018-2028
Figure 13: Europe Home Entertainment Devices Market Size, By Value (USD Million), 2018-2028
Figure 14: Europe Home Entertainment Devices Market Share (%), By Type of Device, By Value, 2018-2028
Figure 15: Europe Home Entertainment Devices Market Share (%), By Distribution Channel, By Value, 2018-2028
Figure 16: Europe Home Entertainment Devices Market Share (%), By Mode of Connectivity, By Value, 2018-2028
Figure 17: Europe Home Entertainment Devices Market Share (%), By Country, By Value, 2018-2028
Figure 18: The Asia-Pacific Home Entertainment Devices Market Size, By Value (USD Million), 2018-2028
Figure 19: The Asia-Pacific Home Entertainment Devices Market Share (%), By Type of Device, By Value, 2018-2028
Figure 20: The Asia-Pacific Home Entertainment Devices Market Share (%), By Distribution Channel, By Value, 2018-2028
Figure 21: The Asia-Pacific Home Entertainment Devices Market Share (%), By Mode of Connectivity, By Value, 2018-2028
Figure 22: The Asia-Pacific Home Entertainment Devices Market Share (%), By Country, By Value, 2018-2028
Figure 23: Latin America Home Entertainment Devices Market Size, By Value (USD Million), 2018-2028
Figure 24: Latin America Home Entertainment Devices Market Share (%), By Type of Device, By Value, 2018-2028
Figure 25: Latin America Home Entertainment Devices Market Share (%), By Distribution Channel, By Value, 2018-2028
Figure 26: Latin America Home Entertainment Devices Market Share (%), By Mode of Connectivity, By Value, 2018-2028
Figure 27: Latin America Home Entertainment Devices Market Share (%), By Country, By Value, 2018-2028
Figure 28: The Middle East & Africa Home Entertainment Devices Market Size, By Value (USD Million), 2018-2028
Figure 29: The Middle East & Africa Home Entertainment Devices Market Share (%), By Type of Device, By Value, 2018-2028
Figure 30: The Middle East & Africa Home Entertainment Devices Market Share (%), By Distribution Channel, By Value, 2018-2028
Figure 31: The Middle East & Africa Home Entertainment Devices Market Share (%), By Mode of Connectivity, By Value, 2018-2028
Figure 32: The Middle East & Africa Home Entertainment Devices Market Share (%), By Country, By Value, 2018-2028
Figure 33: Global Home Entertainment Devices Market Share Analysis, 2021
List of
Tables
Table 1: Global Home Entertainment Devices Market Size, By Type of Device, By Value (USD Million), 2018-2028
Table 2: Global Home Entertainment Devices Market Size, By Distribution Channel, By Value (USD Million), 2018-2028
Table 3: Global Home Entertainment Devices Market Size. By Mode of Connectivity, By Value (USD Million), 2018-2028
Table 4: Global Home Entertainment Devices Market Size. By Region, By Value (USD Million), 2018-2028
Table 5: North America Home Entertainment Devices Market Size, By Type of Device, By Value (USD Million), 2018-2028
Table 6: North America Home Entertainment Devices Market Size, By Distribution Channel, By Value (USD Million), 2018-2028
Table 7: North America Home Entertainment Devices Market Size, By Mode of Connectivity, By Value (USD Million), 2018-2028
Table 8: North America Home Entertainment Devices Market Size, By Country, By Value (USD Million), 2018-2028
Table 9: Europe Home Entertainment Devices Market Size, By Type of Device, By Value (USD Million), 2018-2028
Table 10: Europe Home Entertainment Devices Market Size, By Distribution Channel, By Value (USD Million), By Value 2018-2028
Table 11: Europe Home Entertainment Devices Market Size (USD Million), By Mode of Connectivity, By Value 2018-2028
Table 12: Europe Home Entertainment Devices Market Size (USD Million), By Country, By Value 2018-2028
Table 13: The Asia-Pacific Home Entertainment Devices Market Size, By Type of Device, By Value (USD Million), By Value 2018-2028
Table 14: The Asia-Pacific Home Entertainment Devices Market Size (USD Million), By Distribution Channel, By Value 2018-2028
Table 15: The Asia-Pacific Home Entertainment Devices Market Size (USD Million), By Mode of Connectivity, By Value 2018-2028
Table 16: The Asia-Pacific Home Entertainment Devices Market Size (USD Million), By Country, By Value 2018-2028
Table 17: Latin America Home Entertainment Devices Market Size, By Type of Device, By Value (USD Million), By Value 2018-2028
Table 18: Latin America Home Entertainment Devices Market Size, By Distribution Channel, By Value (USD Million), 2018-2028
Table 19: Latin America Home Entertainment Devices Market Size (USD Million), By Mode of Connectivity, By Value 2018-2028
Table 20: Latin America Home Entertainment Devices Market Size (USD Million), By Country, By Value 2018-2028
Table 21: The Middle East & Africa Home Entertainment Devices Market Size, By Type of Device, By Value (USD Million), 2018-2028
Table 22: The Middle East & Africa Home Entertainment Devices Market Size, By Distribution Channel, By Value (USD Million), 2018-2028
Table 23: The Middle East & Africa Home Entertainment Devices Market Size (USD Million), By Mode of Connectivity, By Value 2018-2028
Table 24: The Middle East & Africa Home Entertainment Devices Market Size (USD Million), By Country, By Value 2018-2028
Table 25: List of Key Players and Their offerings
Table 26: Competitive Benchmarking, by Operating Parameters
Table 27: Sony Corporation Company Overview
Table 28: Sony Corporation Financial Overview
Table 29: Apple Inc. Company Overview
Table 30: Apple Inc. Financial Overview
Table 31: Panasonic Corporation Company Overview
Table 32: Panasonic Financial Overview
Table 33: LG Electronics Company Overview
Table 34: LG Electronics Financial Overview
Table 35: Samsung Electronics Company Overview
Table 36: Samsung Electronics Financial Overview
Table 37: Bose Corporation Company Overview
Table 38: Bose Corporation Financial Overview
Table 39: Sennheiser Electronics Company Overview
Table 40: Sennheiser Electronics Financial Overview
Table 41: Microsoft Corporation Company Overview
Table 42: Microsoft Corporation Financial Overview
Table 43: Koninklijke Philips N.V. Company Overview
Table 44: Koninklijke Philips N.V. Financial Overview
Table 45: Mitsubishi Electric Corporation Company Overview
Table 46: Mitsubishi Electric Corporation Financial Overview

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