Home Entertainment Devices Market to Witness Excellent Growth and Strong Revenue to 2022
Over the past few years, there has been a significant growth in the customer’s investment for home entertainment devices. According to report published by Allied Market Research, the global home entertainment devices market is expected to portray a significant growth, supported by a CAGR of 6.9% by 2022. The growth in disposable income, reducing the process of entertainment products, rise in demand for connected products by the customers, and increase in product building by the retailers are some of the factors, leading the market towards growth. Following the trend of modern technology, several electronics and entertainment devices providers have come with innovative home entertainment products. Some of the recent market activities are as follows:
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Recent activities in the market:
New products have been launched in the market. Recently Samsung, a leading tech giant company has uncovered its new 4K rotating TV, the Sero. The TV is like a giant smartphone for your living area, offering an experience of utilizing a smartphone. The Sero can be positioned vertically and horizontally. Furthermore, the company made its announcement during an annual tech conference Consumer Electronics Show (CES), in Las Vegas. Moreover, the 43-inch size TV would rotate automatically according to the Samsung Galaxy device, it is synced with. Though the company is yet to announce the date, when the TV would be launched, however, the company also announced to launch a new TV with an 8k borderless frame, with new screen sizes.
Following the same trend, a UK-based audio equipment provider, Ant Audio has recently launched its new range of rock series party speakers and home entertainment systems. The range of speakers includes Rock 150, Rock 300, and Rock 400 Bluetooth party speakers and home entertainment systems. The Rock 150 is built with a 4’ Inch 15 W subwoofer and has a digital screen and wired microphone with control buttons. A microphone has also been included for karaoke. The rock 300 party speaker has a 4-inch subwoofer and 40 hm + 2.5 inches * 2 tweeter speaker setups. Along with remote control, a karaoke with recording function and Echo features have also been provided with it. Furthermore, the Rock 400 speaker has a 5-inch subwoofer and 40 hm + 2.5 inches * 2 tweeter speakers. Additionally, it has 2000mAh capacity and Bluetooth version 5.0, wired mic and remote control, and karaoke with recording function and echo features.
Other than the perks of these entertainment devices, its affordability plays an important role as well. Moreover, its reducing prices with improved features have made it more acceptable among the crowd. The market witnesses an opportunity for growth with the rise in demands for streaming content. In addition, the further technological advancements with integration of more features offers worthwhile opportunities to the industry, in near future.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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