Home Entertainment Devices Market to See Huge Growth by 2022 | Sony Corporation, Apple Inc., Panasonic Corporation, LG Electronics Inc., Samsung, Bose Corporation, Sennheiser Electronic GmbH & Co. KG

Home Entertainment Devices Market is expected to reach $294,969 million by 2022. Video devices is estimated to be the most dominant product type in the market from 2015 to 2022. Based on region, Asia-Pacific led the market, accounting for around 29.8% share of the global market in 2015.

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Home entertainment devices market includes products and systems that are used in domestic or personal context. The market includes several consumer electronic products such as television sets, video players & recorders, audio equipment, and gaming devices. Over the past few years, there is a significant rise in consumer investments in entertainment products mainly owing to the increase in disposable income and development of innovative entertainment solutions from manufacturers.

The global home entertainment devices market is segmented based on product type, connectivity, and geography. Based on the product type, the market is divided into audio devices, video devices, and gaming consoles. The audio devices market includes home theatre in-a-box (HTiB), audio systems, home radios, sound bars, and headphones. The video devices segment comprises televisions, Blue-ray & DVD players, projectors, DVRs, and streaming devices. In the year 2015, the video devices segment dominated the market accounting for $157,707 million. The video devices division was majorly dominated by the television segment. The market growth for televisions is supported by growth in customer demand for smart TVs. Smart TVs presently make up only small portion of overall sales, the adoption of these devices is expected to grow with increase in customer demand for web-based content.

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Key Benefits
o The study provides an in-depth analysis of the global home entertainment devices market, with current trends and future estimations to elucidate the imminent investment pockets.
o The report provides information regarding key drivers, restraints, and opportunities with a detailed impact analysis.
o Porters Five Forces Model illustrates competitiveness of the market by analyzing various parameters such as threat of new entrants, threat of substitutes, and strength of the buyers and suppliers operating in the market.
o The value chain analysis signifies the key intermediaries involved and elaborates their roles and value additions at every stage.
o The quantitative analysis of the market from 2014 to 2022 is provided to elaborate the market potential.

Home Entertainment Devices Market Segmentation:

By Product Type
o Audio equipment
o Video devices
o Gaming consoles

By Connectivity
o Wired devices
o Wireless devices

By Geography
o North America
o Europe
o Asia-Pacific
o LAMEA

Key companies profiled in the report
o Sony Corporation
o Apple Inc.
o Panasonic Corporation
o LG Electronics Inc.
o Samsung
o Bose Corporation
o Sennheiser Electronic GmbH & Co. KG
o Microsoft Corporation
o Koninklijke Philips N.V
o Mitsubishi Electric Corporation

Other companies mentioned in the report
o The Home Theater Company
o ACCUSTIC ARTS Audio GmbH
o Accent Speaker Technology, Ltd.
o BenQ
o ATON
o Artison
o Ayre Acoustics, Inc.
o Martin Logan
o Ars Aures Audio

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Source: https://www.prnewswire.com/news-releases/home-entertainment-devices-market-to-reach-294969-million-by-2022-globally-610390145.html

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