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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.
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
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.
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.
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.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by type
PART 07: Geographical segmentation
PART 08: Key leading countries
PART 09: Decision framework
PART 10: Drivers and challenges
PART 11: Market trends
PART 12: Vendor landscape
PART 13: Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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