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Thursday, November 11, 2021

Global Connected Living Room Market to be Driven by the Rising Demand of Consumer Electronics Devices in the Forecast Period of 2021-2026

 The new report by Expert Market Research titled, ‘Global Connected Living Room Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global connected living room market, assessing the market based on its components, product type, application, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.

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The key highlights of the report include:

Market Overview (2016-2026)

  • Historical Market Size (2020): USD 41.4 Billion
  • Forecast CAGR (2021-2026): 8.7%

The growth in the global connected living room market is induced by the rise in the use of various electronics in living area. In the 1980s, the majority of living room devices were televisions. New devices such as the digital set-top box, digital recording device, home theaters, media players such as Blu-ray players, and gaming devices have entered the living area as a result of the innovations and transformation of the consumer electronics. A number of factors have impacted the transition of the living room into a home's digital entertainment experience. One of these significant factors is the commencement of the transition to digitalisation, which has made the use and collection of digital content convenient and user-oriented.

Industry Definition and Major Segments

The term "connected living room" defines the type of advanced technology which is used to cover every one of the significant devices in a home, such as television systems, tablets, Blu-ray players, television systems, smartphones, home theatre projectors, set-top boxes, laptops, video game consoles, and home sound systems.

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Based on product type, the market is divided into:

  • Consumer Computing
  • TV System
  • Gaming Consoles
  • Security System
  • Smart Plugs
  • Wireless Speakers
  • Others

Based on components, the industry is segmented into:

  • Sensors
  • Thermostats
  • Cameras
  • Data Storage System
  • Communication Device
  • Others

Based on application, the market is divided into:

  • Video Streaming
  • Audio Streaming
  • Gaming
  • Others

On the basis of region, the market is divided into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Market Trends

An increase in customer preference for the incorporation of innovative interactive elements into home infotainment devices will boost the future growth. The industry is anticipated to be driven by rigorous bandwidth and digital space accessibility as a consequence of technological developments over the last decade and the widespread emergence of wireless streaming. Furthermore, increased use of internet-only entertainment, distribution of dependable and elegant music storage facilities, and high-speed data streaming are expected to augment innovation.

On the other hand, an uptick in compatibility problems, and also rising implementation costs, are limiting factors that are predicted to slow the market's development. In addition, an unawareness about innovative products will have an effect on market growth.

Key Market Players

The major players in the market are Hitachi, Ltd., Toshiba Corporation, Koninklijke Philips N.V., LG Electronic, Motorola Mobility Holdings. Inc., Panasonic Corporation, Netflix Inc., Google Inc., Apple Inc., and Amazon Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

We also provide state-of-the-art procurement intelligence through our platform, Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.

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Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

Media Contact

Company Name: EMR Inc.
Contact Person:-Ian Bell, Business Consultant
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**We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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