Connected Living Room
Market study offers detail
overview of industry with all the requisite data to support tactical business
decisions and come up with strategic growth plans. This study also proposes a
comprehensive insight into the development policies and plans in addition to
manufacturing processes and cost structures. The electronics industry including
consumer and industrial electronics devices is expected to be influenced
significantly by COVID-19 as China is one of the major suppliers for the raw
materials as well as the finished products. The industry is on the verge of
facing a depletion in production, disruption in supply, and price fluctuations.
The sales of prominent electronic companies is expected to be affected in the
near future.
In line with the statement
published by the authorities in 2018, the scope of the global Connected Living
Room Market was priced at US$ 38.02 billion. It is expected to increase by the
8.6% CAGR during the period of forecast to touch US$ 70.67 billion by 2025.
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Some of the major objectives of this report:
•
To provide detailed analysis of the market structure along with forecast of the
various segments and sub-segments of the global Connected Living Room Market.
•
To provide insights about factors affecting the market growth. To analyze the
Connected Living Room Market based on various factors- price analysis, supply
chain analysis, porter five force analysis etc.
•
To provide historical and forecast revenue of the Connected Living Room Market
segments and sub-segments with respect to four main geographies and their
countries- North America, Europe, Asia, and Rest of the World.
•
Country level analysis of the market with respect to the current market size
and future prospective.
•
To provide country level analysis of the market for segment by application, product
type and sub-segments.
•
To provide strategic profiling of key players in the market, comprehensively
analyzing their core competencies, and drawing a competitive landscape for the
market.
•
Track and analyze competitive developments such as joint ventures, strategic
alliances, mergers and acquisitions, new product developments, and research and
developments in the global Connected Living Room Market.
Drivers:
The propagation of
connected devices, for example set-top boxes, smart speakers, gaming consoles
and smart televisions between others, mainly between family units, is likely to
motivate the development of the connected living room industry.
Furthermore, strong
bandwidth and availability of cybernetic space steered by the technical
progressions during the previous period and therefore universal introduction of
wireless streaming is estimated to motivate the market. Furthermore,
utilization of classy and dependable music storing apparatus, high-class
entertaining, and growing usage of internet in addition to high-speed streaming
of the data are projected to raise modernization.
Increasing admiration for
online streaming of media is expected to power the acceptance of connected
living rooms. The connected devices of the living room are entirely the electronic
apparatuses for example gaming consoles, televisions, the smartphones and
others those are connected to the internet. Similarly, the connected devices
may well have a variety of set top boxes, laptops, tablet phones, personal
computers and additional connectivity devices.
Increasing inclination for
second screen devices and the following development in their demand is likewise
expected to have potential for the development of the market. However the
technologically advanced nations have observed an earlier acceptance of modern
connected devices, for example smart speakers and smart TVs, the emerging
nation state in Asia Pacific, those are home base for the price sensitive
customer , have observed speedy acceptance of laptops and smartphones during
the previous a small number of years.
Increasing inventive
apparatuses for exhibition, innovative development stages for entertainment
& sharing of information, and the trend of increasing demand for
digitization these are a small number of the most important reasons those are
expected to drive the scope of the connected living room market.
Regional Lookout:
By Region the global
connected living room market can be classified as North America, Europe, Asia
Pacific, Latin America, and Middle East & Africa. In 2018, Asia Pacific
headed the market and is estimated to carry on the supremacy during the period
of forecast. It will grow by 9.1% CAGR. Some of the nations within the state,
for example Taiwan and China, have proven themselves such as manufacturing centers
for electronics. Some of the biggest emerging nations, for example China and
India, are likewise situated in Asia Pacific.
Asia Pacific is a homeland
for the huge population of youngsters, those are very prompt in accepting the
modern technologies. Simultaneously, the continuous industrial development and
the growing per head earnings in the area have activated the demand for the
products of consumer electronics. The refining connectivity to internet and
accessibility in addition to the succeeding development in the sum of
smartphone operators within the state are mainly inspiring the development of
the local connected living room industry.
In North America,
increasing demand and acceptance of smart speakers is mainly marked. Likewise, the
state claims a huge group of customers subscribing for the services of audio
streaming, live video and for video-on-demand.
On the footings of
implementation of the modern connected devices, Europe tracks North America.
Whereas the U.K. has been observing an increasing acceptance of smart speakers
and smart TVs. The nations, for example Germany, have been observing an
increasing preference of the customer headed for tablet PCs and smartphones.
Likewise, France, Germany and the U.K., occur to be some of the prompt
acceptors of the modern technologies and are estimated to add to the
development of the European market for connected living room.
Companies:
Some of the important
companies for connected living room market are: Hitachi Ltd., LG Electronics Inc.,
Panasonic Corporation, Apple Inc., Netflix Inc., Google Inc., Samsung
Electronics Corporation Ltd., Sony Corporation, Nintendo Co. Ltd., Pioneer
Corporation, BenQ Corporation, Comcast Corporation and others.
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