Key Manufacturers Analysis Of Global Home Entertainment Devices Market - Sony Corporation, Panasonic Corporation, Apple Inc., LG Electronics Inc. and Samsung
People now-a-days live modern lifestyles with higher standard of living due to increased disposable income. Also, the use of machines at home or at workplaces makes life of people easier. Home entertainment devices have become one of the important parts of today’s lifestyle of individuals. A home entertainment device is a set of video and audio components which provides the similar exciting experience of watching a movie inside a cinema theater in the comfort of one’s own living room. The demand for innovative, smart, connected, and quality devices at home has become a trend due to rising standard of living and changing lifestyles. This factor has great impact on the home entertainment devices market. Various types of home entertainment devices are available in the market with a range of features. The smart connected entertainment devices are popular in urban homes.
The market includes a number of consumer electronic products such as television sets, audio equipment, video players & recorders, and gaming devices. A home entertainment system should have good audio output coming from the speakers. Some consumers buy additional audio equipment such as subwoofers and other audio devices for better experience.
The growth of the home entertainment devices market is fueled by factors such as increase in disposable income, increase in population of middle class individuals who can afford various home entertainment devices, increasing levels of standard of living, and changing lifestyle preferences. Furthermore, development of new technology and connected innovative products, and decline in price of home entertainment products are also acting as growth drivers for the home entertainment devices market. Entertainment products are usually considered to be luxury products, and differ from essential products meeting the daily needs of consumers.
People tend to buy luxury products due to rise in disposable income. Also, the integration of technology and innovation has transformed the entertainment products into smart ones. Smart connected products provide substantial opportunities for better functionality, and reliability than traditional entertainment products. There are some restraining factors for the home entertainment devices market such as consumer shift to alternate platforms such as smartphones, PC gaming, and other gaming platforms.
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The home entertainment devices market is divided on the basis of product type, connectivity, and region. Based on product type, the home entertainment devices market is segmented into audio devices, video devices, and gaming consoles. Audio devices are again sub divided into home theatres, audio systems, sound bars, home radios, headphones, and others. Video devices are sub segmented into televisions, projectors, DVD & Blue Ray players, digital video recorders (DVR), and streaming devices. The home entertainment devices market is classified into wired devices and wireless devices on the basis of connectivity. Based on region, the market is segmented into Europe, Asia Pacific (APAC), North America, South America (SA),and Middle East & Africa (MEA). Asia Pacific region provides substantial growth opportunities for the growth of the home entertainment devices market over the next few years due to changing lifestyle of people in emerging economies.
Key players operating in the global home entertainment devices market include Sony Corporation, Panasonic Corporation, Apple Inc., LG Electronics Inc., Bose Corporation, Samsung, Koninklijke Philips, Sennheiser Electronic, ATON, BenQ, Mitsubishi Electric Corporation, and Artison. Companies are continuously focused on new product launch and partnerships to remain competitive in the market. Players in the home entertainment devices market are able to attract many consumers in the past few years. The penetration of the home entertainment devices market is very high in developed as well as developing economies.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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