Home entertainment devices market is projected to grow at a CAGR of around 7% during the forecast period. Home entertainment devices include an extensive range of consumer electronics including gaming consoles, television sets, home theatre, audio equipment, and recorders, among others. Increased consumer spending on entertainment products and growing disposable incomes have ensued demand for home entertainment devices. Further, the rise in digitalization trends in electronic goods and the increasing tech-savvy population have led to the growth of the global home entertainment devices market.
The rapid rise of e-commerce has also played a pivotal role in the rise of the market with most of the companies offering products on e-commerce platforms. The convenience with which consumers can access everything and order anything from e-retailing has certainly given the home entertainment devices industry a significant boost. With the outbreak of COVID-19, most of the individuals are spending their time at home only, which has caused an increase in the demand for home entertainment devices. Increasing adoption of OTT (Over-the-Top) media services such as Netflix, Prime Video, HotStar, and more have caused more individuals to purchase home entertainment devices to enhance their viewing experience.
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- Market number available for – 2021-2029
- Base year- 2021
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Home Entertainment Devices Market Segmentation
By Product Type
- Audio Devices
- Video Devices
- Gaming Consoles
By Distribution Channel
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- United States
- Rest of Europe
- South Korea
- Rest of APAC
Rest of the World
- Amazon, Inc.
- Apple, Inc.
- Ayre Electronics, Inc.
- BENQ Corp.
- Bose Corp.
- Haier Inc.
- Harman International Industries, Inc.
- Koninklijke Philips N.V.
- LG Electronics, Inc.
- Logitech International S.A.
- Microsoft Corp.
- Mitsubishi Electric Corp.
- NEEO AG
- Panasonic Corp.
- Samsung Electronics Co., Ltd.
- Savant Systems, Inc.
- Sennheiser electronic GmbH & Co. KG
- Sonos, Inc.
- Sony Corp.
- TCL Corp.
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