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Global Home Entertainment Devices Market to reach USD 466.07 billion by the end of 2030

Global Home Entertainment Devices Market Size study & Forecast, by Device (Audio Devices, Video Devices, Gaming Consoles), by Distribution Channel (Offline, Online) and Regional Analysis, 2023-2030

Product Code: ECE-48093837
Publish Date: 5-12-2023
Page: 200

Global Home Entertainment Devices Market is valued at approximately USD 285.88 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 6.30% over the forecast period 2023-2030. Home Entertainment Devices are consumer electronics products through which users can watch Movies, listen to music, play games and perform other activities. These home entertainment devices consist of television sets, video players, gaming devices and much more. The Home Entertainment Devices market is expanding because of factors such as Rising demand for smart television, introduction of internet enabled home entertainment devices and increased spending on home entertainment devices. However, the shift of consumers to Smartphones and the negative effect of home entertainment tend to hinder market growth.

The surging demand for smart televisions is a significant catalyst behind the growth of the home entertainment devices market. In recent years, there has been a notable shift in consumer preferences towards smart TVs, which offer a wide array of interactive and internet-connected features, such as streaming services, apps, and web browsing. These televisions have become the centerpiece of modern home entertainment systems, providing a convenient and immersive viewing experience According to Statista, in year 2019 the revenue from sales of Smart TVs stood at 209.3 million units which is projected to reach at 266.4 million units by year 2025. These rising revenue indicates the adoption of devices, resulting in market growth. Moreover, the increase in spending on consumer electronics and the rise of digitization trends and innovation in electronics further act as an opportunity for the market.

The key regions considered for the Global Home Entertainment Devices Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to changes in lifestyle and urbanization in this region, availability of raw materials and cheap labor in developing nations such as India and China. Moreover, the shift towards entertainment and leisure activities in this region is driving the market growth. Europe is expected to grow significantly over the forecast period, owing to factors such as product accessibility at economical prices and the popularity of devices. Moreover, there is a rise in demand for subscription-based video on demand services and OTT platforms in the region, resulting in market growth.

Major market player included in this report are:
Sony Corporation
Samsung Electronics Co. Ltd.
Panasonic Holdings Corporation
Microsoft Corporation
LG Electronics Inc.
Bose Corporation
Koninklijke Philips N.V.
Sennheiser electronic GmbH & Co. KG
Haier Group Inc.
Mitsubishi Electric Corporation

Recent Developments in the Market:
Ø In March 2023, Sony Electronics Inc. announced its BRAVIA XR TV Lineup, with Cognitive Processor XR, for a great home entertainment experience. Bravia XR consist of five new models X95L Mini LED, X93L Mini LED, X90L Full Array LED, A95L QD-OLED and A80L OLED. These models have features that provide customers with the ultimate experience for watching movies, streaming apps and more.
Ø In September 2022, Panasonic launched 20 new models of LED TVs (comprising of both 4K and Smart TV portfolio), 30-liter Microwave, Monster Super Mixer-Grinder with Double Safety Lock protection and a Miraie-enabled Washing Machine range with a built-in heater. Panasonic launched these products in the festive season with exciting offers to attract more customers to buy from Panasonic Corporation.

Global Home Entertainment Devices Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Device, Distribution Channel, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Device:
Audio Devices
Video Devices
Gaming Consoles

By Distribution Channel:

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Home Entertainment Devices Market, by Region, 2020-2030 (USD Billion)
1.2.2. Home Entertainment Devices Market, by Device, 2020-2030 (USD Billion)
1.2.3. Home Entertainment Devices Market, by Distribution Channel, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Home Entertainment Devices Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Home Entertainment Devices Market Dynamics
3.1. Home Entertainment Devices Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Rising demand for Smart Television Introduction of internet enabled home entertainment devices Increase in disposable income
3.1.2. Market Challenges Shift of consumers to Smartphones Negative effect of home entertainment
3.1.3. Market Opportunities Increase in spending on consumer electronics product Rise of digitization trends and innovation in electronics
Chapter 4. Global Home Entertainment Devices Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Home Entertainment Devices Market, by Device
5.1. Market Snapshot
5.2. Global Home Entertainment Devices Market by Device, Performance – Potential Analysis
5.3. Global Home Entertainment Devices Market Estimates & Forecasts by Device 2020-2030 (USD Billion)
5.4. Home Entertainment Devices Market, Sub Segment Analysis
5.4.1. Audio Devices
5.4.2. Video Devices
5.4.3. Gaming Consoles
Chapter 6. Global Home Entertainment Devices Market, by Distribution Channel
6.1. Market Snapshot
6.2. Global Home Entertainment Devices Market by Distribution Channel, Performance – Potential Analysis
6.3. Global Home Entertainment Devices Market Estimates & Forecasts by Distribution Channel 2020-2030 (USD Billion)
6.4. Home Entertainment Devices Market, Sub Segment Analysis
6.4.1. Offline
6.4.2. Online
Chapter 7. Global Home Entertainment Devices Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Home Entertainment Devices Market, Regional Market Snapshot
7.4. North America Home Entertainment Devices Market
7.4.1. U.S. Home Entertainment Devices Market Device breakdown estimates & forecasts, 2020-2030 Distribution Channel breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Home Entertainment Devices Market
7.5. Europe Home Entertainment Devices Market Snapshot
7.5.1. U.K. Home Entertainment Devices Market
7.5.2. Germany Home Entertainment Devices Market
7.5.3. France Home Entertainment Devices Market
7.5.4. Spain Home Entertainment Devices Market
7.5.5. Italy Home Entertainment Devices Market
7.5.6. Rest of Europe Home Entertainment Devices Market
7.6. Asia-Pacific Home Entertainment Devices Market Snapshot
7.6.1. China Home Entertainment Devices Market
7.6.2. India Home Entertainment Devices Market
7.6.3. Japan Home Entertainment Devices Market
7.6.4. Australia Home Entertainment Devices Market
7.6.5. South Korea Home Entertainment Devices Market
7.6.6. Rest of Asia Pacific Home Entertainment Devices Market
7.7. Latin America Home Entertainment Devices Market Snapshot
7.7.1. Brazil Home Entertainment Devices Market
7.7.2. Mexico Home Entertainment Devices Market
7.8. Middle East & Africa Home Entertainment Devices Market
7.8.1. Saudi Arabia Home Entertainment Devices Market
7.8.2. South Africa Home Entertainment Devices Market
7.8.3. Rest of Middle East & Africa Home Entertainment Devices Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Sony Corporation Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.3.2. Samsung Electronics Co. Ltd.
8.3.3. Panasonic Holdings Corporation
8.3.4. Microsoft Corporation
8.3.5. LG Electronics Inc.
8.3.6. Bose Corporation
8.3.7. Koninklijke Philips N.V.
8.3.8. Sennheiser electronic GmbH & Co. KG
8.3.9. Haier Group Inc.
8.3.10. Mitsubishi Electric Corporation
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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