Global home entertainment market overview

Technavio’s market study identifies the availability of electronic device combinations to be one of the primary home entertainment market drivers that is fueling the industry growth. Customers are increasingly demanding for multiple screens that consist of a combination of flat-panel TVs and projection screens. Multiple screens are designed as per the consumer requirement and easily stream the video content on smartphones and various smart devices connected through IoT. With the growing availability of VOD services on mobile applications and websites, viewers have started preferring to gain access to video content over secondary screens such as smart devices. According to the home entertainment industry statistics report, this market will grow steadily at a CAGR of more than 10% by 2021.

The easy availability of efficient Internet services supports the demand for online content that enables the users to access desired contents according to their schedule, comfort, and convenience. Smartphones enables the viewers to view content as per their convenience and on-the-go that saves both time and money. On-demand services is influencing the viewers to watch content on their mobile devices, and connected devices enables the users to connect the mobile devices to TV screens for an improved viewing experience. Our home entertainment market forecast report compiled by analysts predict that technological advancements will be one of the key home entertainment industry trends that will gain traction in the market during the next few years.

Competitive landscape and key vendors

The home entertainment market is populated with the presence of several established vendors competing intensely based on product features, sound quality, technology, size, and pricing. Vendors performance is impacted by factors such as intense competition, consumer spending patterns, demographic trends, and frequent changes in consumer preferences. To sustain in the home theatre systems market, vendors are investing in production facilities and M&A.

The leading vendors in the market are

• Bose
• LG Electronics
• Samsung Electronics
• Sony
• Yamaha

The other prominent vendors in the market are Atlantic Technology, Cambridge Audio, Definitive Technology, Denon Electronics, Edifier International, Focal Dimension, Harman International, JBL, JVC Kenwood, Koninklijke Philips, Panasonic, Pioneer, Polk Audio, Qualcomm Technologies, Sennheiser, Sonos, Vizio, and Zvox.

Segmentation by type and the home entertainment market analysis

• Services
• Devices

Owing to high penetration of internet in emerging countries such as India and China influence the adoption of services such as video streaming, VOD, and OTT. Media streaming is gaining preference among the users as they prefer to watch entertainment content on the TV set. For instance, HotStar is a domestic video on demand (VOD) platform growing exponentially.

Geographical segmentation and the home entertainment market analysis

• Americas
• APAC
• EMEA

Consumers in the Americas have access to growing reach of the Internet and high-speed broadband services that influences the popularity of many apps and services such as ESPN, Hulu, and Netflix. Due to the availability of several VOD applications, consumers in the US enjoy deluxe video storage and streaming services, contributing to the growth of the market in Americas.

Key questions answered in the report include

• What will the home entertainment market size and the growth rate be in 2021?
• What are the key factors driving the global home entertainment market?
• What are the key home entertainment market trends impacting the growth?
• What are the challenges to market growth?
• Who are the key vendors in the global home entertainment market?
• What are the market opportunities and threats faced by the vendors in the global home entertainment market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global home entertainment market?