Home Entertainment Market to Cross USD 294 Bn by 2022, States Allied Market Research in Its Cutting-Edge Study Now Available at MarketPublishers.com24 Jan 2017 • by Natalie Aster
LONDON – The demand for home entertainment products has demonstrated a considerable surge over the recent years, spurred by the upturn in disposable incomes and the adoption of a slew of innovative entertainment solutions. The global market for home entertainment is anticipated to cross the USD 294 billion by 2022.
Healthy market growth is spurred by various factors including rising digitization of electronic goods, falling prices, rapid innovations in existing products and rising number of technically literate population in emerging economies.
However, the home entertainment market growth could be restrained by the consumer shift towards mobile platforms along with rising concerns about adverse influence of home entertainment devices (such as audio and wireless devices) on consumer health.
As of 2015, the home entertainment market was led by the video devices segment, which was dominated by the television category. Growth in the television category is supported by strong demand for smart TVs. Nowadays, the smart TVs account for a small share of the whole sales. However, in the short run, the adoption of such devices is likely to gain traction along with the rising demand for web-based content among customers.
In terms of regions, APAC captures the largest share of the world’s market for home entertainment. The APAC home entertainment market is following an upward trend due to rising disposable incomes of the local population and the hike in technically competent urban population, especially in countries like China and India.
Insightful report recently developed by Allied Market Research, “Home Entertainment Market by Product Type and Geography - Global Opportunity Analysis and Industry Forecast, 2014-2022”, is a granular guide to the landscape of the global home entertainment market. The study includes an all-encompassing review of the market performance, touches upon the current and emerging trends, examines the market dynamics, identifies future growth prospects, scrutinizes the major growth drivers and hinders, and discusses lucrative market growth opportunities. Porter’s Five analysis is at hand in the research report. This study evaluates the market potential up till 2022. Future outlook through 2022 for the home entertainment market is at hand in the publication, too. Profiles of top companies active in the home entertainment market are provided here, as well.
For many other research studies made up by our publisher, Allied Market Research, are available at its page.