Global Home Entertainment Market 2024-2028
The home entertainment market is forecasted to grow by USD 116.6 bn during 2023-2028, accelerating at a CAGR of 7.62% during the forecast period. The report on the home entertainment market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by emergence of smart televisions, success of tv shows and movies, and increase in branding and promotion activities for home entertainment devices.
Technavio's home entertainment market is segmented as below:By ProductVideo device
Audio device
Gaming Console
By Distribution ChannelOffline
Online
By GeographyAPAC
North America
Europe
South America
Middle East and Africa
This study identifies the integration of advanced technologies in OTT services as one of the prime reasons driving the home entertainment market growth during the next few years. Also, rising popularity of online video streaming services and increasing demand for 4k content will lead to sizable demand in the market.
The report on the home entertainment market covers the following areas:Home entertainment market sizing
Home entertainment market forecast
Home entertainment market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading home entertainment market vendors that include Apple Inc., Bose Corp., Haier Smart Home Co. Ltd., Hitachi Ltd., Koninklijke Philips N.V., LG Electronics Inc., Microsoft Corp., Mitsubishi Electric Corp., Panasonic Holdings Corp., Pioneer Corp., Samsung Electronics Co. Ltd., Sennheiser Electronic GmbH and Co. KG, Sharp Corp., Sonos Inc., Sony Group Corp., TCL Electronics Holdings Ltd., Toshiba Corp., VIZIO Holding Corp., Xiaomi Communications Co. Ltd., and Yamaha Corp.. Also, the home entertainment market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.