Global Home Entertainment Device Market is estimated to Grow at the Highest Growth Rate till 2029 | Key players: Sony Corporation, Xiaomi Corporation, Panasonic Corporation

Home Entertainment Device Market Snapshot:

Asia-Pacific and North America’s electronic products market are projected to grow with a CAGR of 5%. As per the India Brand Equity Foundation (IBEF) and Invest India, the Indian electronic products market is projected to reach USD 400 billion by 2025, with a CAGR of 17% during the forecast period.

Home entertainment devices, such an audio box, radio, headphones, DVD players, televisions, and gaming consoles, have been gaining significant popularity among the customers on account of increasing disposable income, rapid urbanization, changing lifestyles, and burgeoning middle-class population. The disposable income in the emerging countries such as India, China, Brazil, South Korea, and Japan has been increasing at a considerable rate, further surging the demand for luxury products such as home entertainment devices. The market’s most prominent driver is that these devices provide economical and hassle-free entertainment at competitive prices.
Asia-Pacific has one of the most price-sensitive customers, creating lucrative opportunities for emerging players in the market. As per the study commissioned by ‘The State of the Connected Home’ by Tech UK, around 40% of the customers aged 24–30 consider the high product price of home entertainment products a key barrier. In India, electronics manufacturing companies are actively working to offer quality products at competitive prices. For instance, recently, Xiaomi Corporation launched various home entertainment devices in the Indian market, including television, mobile phones, headphones, audio box, and speakers, and has gained huge popularity in the country. The company offers reliable products with advanced features at economical prices.

The Home Entertainment Device Market report also covers a detailed comprehension of the major geographies present in the market along with the key segments and sub-segments. The report focuses on regional development status, which includes the market size, share, and volume. Each section of the report reveals critical information about the global Home Entertainment Device market that could be used to ensure strong growth in the coming years. Our unique blend of primary and secondary research techniques helped us to acknowledge hidden business opportunities available within the global Home Entertainment Device market, besides collecting significant insights of market participants and obtaining precise market data. It includes several research studies like manufacturing analysis, absolute dollar opportunity, pricing analysis, company profiling, production and consumption analysis, and market dynamics. The growing internet services and smart features in the video devices are the factors for segmental growth. However, audio device market is expected to show remarkable growth in the near future. The audio devices such as sound bars, home theatres, and speakers for improved quality sounds for the events such as social gatherings, birthday parties, and other celebrations is expected to propel the market in the near future.

Rapid technological advancement and new product launches with advanced features are influencing the customers to replace conventional products with the latest home entertainment devices. The rapid expansion of the electronic industries provides an impetus to the market growth; as per the Statista, the global electronic products market is estimated to grow with a CAGR of 5%.
However, online retail is expected to witness highest CAGR over the forecast period due to the busier lifestyle of the consumers and convenience associated with the online retailing. In addition, digital technologies and shopping platforms such as Amazon and flipkart has gained the consumers trust, there consumer-friendly policies of easy returns and fast refund has inclined consumers towards online shopping.
Technology transitions in India such as the rollout of 4G/LTE networks and IoT are further accelerating the electronics demand which in turn expected to drive the home entertainment devices market. Government initiatives such as Smart City and Digital India are also influencing people to go for smart devices and technologies. In addition, China alone accounts for a 40% share in the global electronics industry. These factors are expected to give a positive impact on the Asia Pacific home entertainment device market.

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The Major Prominent Players Covered in this Report:
Sony Corporation
Xiaomi Corporation
Panasonic Corporation
Microsoft Corporation
Apple Inc.
LG Electronics Inc.
Bose Corporation
Haier Inc.
Samsung Electronics Co. Ltd.
Koninklijke Philips N.V.
Sennheiser Electronic GmbH & Co. KG
ATON
BenQ
Mitsubishi Electric Corporation
Artison

Home Entertainment Device Market Segmentation-
By Type- Audio Device, Video Device, Gaming Console,
By Connectivity- Wired Device, Wireless Device,
By Distribution Channel- Store-Based Retail, Hypermarkets/Supermarkets, Specialty Store, Online Retail 

Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Home Entertainment Device in the APAC Region
Asia-Pacific region is anticipated to hold the largest market share in the global Home Entertainment Device market during the forecast period 2019-2029. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Home Entertainment Device and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of Home Entertainment Device. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.

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Key Questions Answered in The Report:
What will the Home Entertainment Device market growth rate?
What are the key factors driving the global Home Entertainment Device market?
Who are the key manufacturers in the Home Entertainment Device market space?
What are the market opportunities, market risk, and market overview of the Home Entertainment Device market?
What are sales, revenue, and price analysis of top manufacturers of the Home Entertainment Device market?
Who are the distributors, traders, and dealers of the Home Entertainment Device market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the Home Entertainment Device Industry?
What are sales, revenue, and price analysis by regions of Home Entertainment Device industry?
What are the driving factors contributing to market growth during the short, medium, and long term?

Key Home Entertainment Device Market Trends:
- The report identifies, determines, and forecasts the Global Home Entertainment Device Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Home Entertainment Device Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Home Entertainment Device Market.

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