Global Home Entertainment Market 2017-2021
About Home Entertainment
Home entertainment, both as service and devices, is growing at a steady rate. Viewers can access digital video contents through a number of platforms such as YouTube and Netflix. Contents on these platforms are available either for free or on a subscription basis. Home entertainment devices allow users to play movies and TV shows on other electronic devices. Users can enhance, integrate, and manage the media streaming for live or on-demand content.
Technavio’s analysts forecast the global home entertainment market to grow at a CAGR of 10.21% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global home entertainment market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Home Entertainment Market 2017-2021
Technavio recognizes the following companies as the key players in the global home entertainment market: Bose, LG Electronics, Samsung Electronics, Sony, and Yamaha.
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.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing technological advances. Rapid technological growth is one of the major trends observed in the global home entertainment market. The availability of efficient Internet services has fueled the demand for online content. Users can access desired contents according to their schedule, comfort, and convenience.”
According to the report, one driver in the market is growing availability of content. The global entertainment industry is witnessing a continuous increase in the development of new content. The widespread global digitalization has led to the high penetration of the Internet across the globe. This has made a huge amount of contents available to the masses. The rules and regulations related to the publishing of online contents are somewhat lesser stringent than the regular entertainment industry. Therefore, a vast variety of content is now available online.
Further, the report states that one challenge in the market is high cost of switching to new technology. New and innovative products are being launched in the global home entertainment market. Consumers in both developed and developing countries are some of the earliest adopters of innovative products such as streaming devices. With more access to technology, consumers in the Americas and Europe are the largest buyers of new and innovative products. However, despite manufacturers launching new products frequently, consumers prefer using the previously bought product rather than frequently upgrading or switching to a new device.
Bose, LG Electronics, Samsung Electronics, Sony, Yamaha, 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.
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