Home Entertainment Devices Market to Signify Strong Growth by 2023-2029

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 Coverage

  • 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

  • In-Store
  • Online

A full report of Home Entertainment Devices Market available @ https://www.omrglobal.com/industry-reports/home-entertainment-devices-market

Regional Analysis                                                                                                                                                                            

North America                                                                                                           

  • United States
  • Canada


  • UK
  • Germany
  • Spain
  • France
  • Italy
  • Rest of Europe


  • India
  • China
  • Japan
  • South Korea
  • Rest of APAC

Rest of the World

Company Profiles

  • 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.
  • Panasonic Corp.
  • Samsung Electronics Co., Ltd.
  • Savant Systems, Inc.
  • Sennheiser electronic GmbH & Co. KG
  • Sonos, Inc.
  • Sony Corp.
  • TCL Corp.

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About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

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Posted in Business blogs on January 28 at 04:41 AM

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