Connected Living Room

Global Connected Living Room Market to Reach US$107.0 Billion by 2030

The global market for Connected Living Room estimated at US$855.4 Billion in the year 2024, is expected to reach US$107.0 Billion by 2030, growing at a CAGR of -29.3% over the analysis period 2024-2030. Sensors, one of the segments analyzed in the report, is expected to record a -23.8% CAGR and reach US$45.1 Billion by the end of the analysis period. Growth in the Thermostats segment is estimated at -12.7% CAGR over the analysis period.

The U.S. Market is Estimated at US$239.2 Billion While China is Forecast to Grow at -24.9% CAGR

The Connected Living Room market in the U.S. is estimated at US$239.2 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$25.9 Billion by the year 2030 trailing a CAGR of -24.9% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of -33.2% and -28.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately -31.0% CAGR.

Global Connected Living Room Market - Key Trends and Drivers Summarized

The concept of the connected living room, integrated with the broader Internet of Things (IoT), is transforming households worldwide, enhancing comfort, efficiency, and security. Advanced Wi-Fi technology and IoT devices have significantly evolved the home environment, driven by consumer demand and technological advancements. The connected living room includes various digital devices such as smartphones, tablets, laptops, and traditional home entertainment systems like televisions and gaming consoles. These devices, when connected, provide an unprecedented level of control and accessibility, integrating entertainment, convenience, and security into one cohesive network. This ecosystem now extends to home security systems, lighting, thermostats, and appliances, marking a shift towards a fully interconnected home environment. High-speed Wi-Fi technologies, including ultra high-efficiency power amplifiers and front-end modules, support multi-user configurations and high-quality streaming, enhancing the performance of Wi-Fi networks even in densely populated environments.

Consumer expectations and behaviors are pivotal in the shift towards connected living. Modern consumers demand high data throughput from their home networks to support various connected applications, from streaming high-definition media to immersive gaming experiences. Companies like Legrand have made the connected home a reality with products ranging from automated window blinds to master switches for entire lighting systems. Users can control their home environment with simple smartphone commands, adjusting room temperature, brewing coffee, or setting lighting to match their mood, epitomizing the modern digital lifestyle. The adoption of connected living room setups enhances home management aspects such as energy consumption, security, and overall convenience. In senior living facilities, this connectivity improves the dissemination of information and resident interactions, enhancing the quality of life. The integration of online media streaming and interconnected devices creates a cohesive and interactive home environment, driving the adoption of connected living room configurations.

Several key factors drive the growth of the connected living room market. The shift from traditional television viewing to online media streaming platforms like Netflix and Disney+ has increased the demand for smart TVs, media streaming devices, and comprehensive home theater systems, transforming living rooms into multimedia hubs. The ability to integrate home security features, such as smart locks controlled via smartphones and extensive home automation systems, enhances the functionality and appeal of connected living rooms. The expansion of smart TV adoption, with built-in internet capabilities and app functionality, serves as a cornerstone for further adoption of connected devices. Regionally, the Asia-Pacific market is projected to exhibit the highest growth due to rapid technological adoption and increasing consumer demand for connected technology. Major players like LG Electronics, Roku, and Google are enhancing their market positions through strategic innovations and partnerships. The market is segmented by product type, application, and components, with smartphones and tablets currently leading in revenue generation, while smart TVs are anticipated to grow at the highest rate. The demand for multi-device connectivity and advanced display technologies such as 4K and HDR content drives the market forward, reflecting both technological advancements and evolving consumer lifestyles.

SCOPE OF STUDY:

The report analyzes the Connected Living Room market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Device Type (Smart TVs, Smartphones, PC / Laptops, Gaming Consoles, Smart Speakers, Tablets); Application (Video Streaming, Audio Streaming, Gaming)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 97 Featured) -

• Eaton Corporation PLC
• General Electric Company
• Rockwell Automation, Inc.
• Samsung Electronics America, Inc.
• Schneider Electric SA
• Siemens AG

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.