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Home Entertainment Devices Market Size ,Share, Future Opportunities And Forecast To 2025 : Grand View Research Inc.

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Home Entertainment Devices Market Size ,Share, Future Opportunities And Forecast To 2025 : Grand View Research Inc.

February 24
12:48 2020
Home Entertainment Devices Market Size ,Share, Future Opportunities And Forecast To 2025 : Grand View Research Inc.

Grand View Research, Inc. – Market Research And Consulting.
Consumer preference for systems such as televisions as a medium for entertainment is expected to be a crucial factor driving the growth of the home entertainment devices market during the forecast period.

The global home entertainment devices market size is expected to reach USD 345.2 billion by 2025, according to a new report by Grand View Research, Inc., registering a CAGR of 6.3% over the forecast period. Consumer preference for systems such as televisions as a medium for entertainment is expected to be a crucial factor driving the growth of the market during the forecast period.

Home entertainment appliances are economical and hassle-free and offer access to diverse content. Consumers enjoy having the option of watching or listening to content of their choice in the comfort of their own homes. Moreover, with increasingly hectic lifestyles, these appliances are considered as a medium to connect with friends and family during major events such as sporting events, music festivals, or TV series finales. These factors are hence expected to drive the growth of the market during the forecast period.

Factors such as rising disposable income and features such as high-definition (HD), smart TVs with built in Wi-Fi for connectivity to Netflix, YouTube, and Amazon Prime among other online streaming channels play a significant role in increasing consumer spending on these devices. With the increasingly wide range of features these systems offer, consumers consider investing in these products as they offer good value for money and last several years. They also play a role in complementing the ambience of homes. These factors are expected to drive the demand for home entertainment systems over the forecast period.         

Video devices accounted for a little more than 80% of the market share in 2018 and this segment is expected to continue to dominate the market over the forecast period. A number of households are inclined toward systems such as television as their prime choice of entertainment, which is likely to boost the product demand in the coming years. Televisions also offer a number of channels as well as relatively newer features such as internet connectivity for streaming videos and downloading movies.     

Asia Pacific is expected to hold the leading position in the global market over the forecast period. Increasing household disposable income, coupled with higher spending on household leisure activities, is expected to drive the growth of the Asia Pacific market during the forecast period.

Get Details For “Sample Report, TOC, Segmentation & methodology of Home Entertainment Devices Market” Click Link Below:

https://www.grandviewresearch.com/industry-analysis/home-entertainment-devices-market

U.S. home entertainment devices market size, by distribution channel, 2015 - 2025 (USD Billion)

Further key findings from the report suggest:

  • Video devices is projected to register the highest CAGR of 6.6% owing to increasing consumer spending on visual entertainment activities  

  • The online segment is expected to register a CAGR of 8.2% owing to the rise in multi-brand online retailers who offer a range of home entertainment systems from several providers, thereby enabling consumers to compare product features and prices

  • Some of the key players operating in the global market are Samsung Electronics Co. Ltd.; Sony Corporation; Panasonic Corporation; LG Electronics Inc.; Mitsubishi Electric Corporation; Koninklijke Philips N.V.; Haier Inc.; Bose Corporation; Sennheiser electronic GmbH & Co. KG; and Microsoft Corporation.

Would you Like to Take a Look On “Sample Report” of Home Entertainment Devices Market Click the Link Below:

https://www.grandviewresearch.com/industry-analysis/home-entertainment-devices-market/request/rs1

Global home entertainment devices market share, by device, 2018 (%)

 

Have Any Query? Ask Our Experts @ https://www.grandviewresearch.com/inquiry/7091/ibb

Grand View Research has segmented the global home entertainment devices market on the basis of device, distribution channel, and region:

Home Entertainment Device Outlook (Revenue, USD Million, 2015 – 2025)

  • Audio Devices

  • Video Devices

  • Gaming Consoles

Home Entertainment Devices Distribution Channel Outlook (Revenue, USD Million, 2015 – 2025)

  • Offline

  • Online

Home Entertainment Devices Regional Outlook (Revenue, USD Million, 2015 – 2025)

  • North America

    • U.S.

  • Europe

    • Germany

    • U.K.

  • Asia Pacific

    • China

    • India

    • Japan

  • Central & South America

    • Brazil

  • Middle East & Africa

    • South Africa

Explore the BI enabled intuitive market research database, Navigate with Grand View Compass, by Grand View Research, Inc.

About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 126 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 4126 analysts and consultants, the company adds 121200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 600 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1-415-349-0058, Toll Free: 1-888-202-9519
Address:201, Spear Street, 1100
City: San Francisco
State: California
Country: United States
Website: https://www.grandviewresearch.com/industry-analysis/home-entertainment-devices-market