Connected Living Room Market Size, Share, Growth Report 2030

Connected Living Room Market

Connected Living Room Market Product (Home Theatre, Smart/3D, LED/OLED/LCD TV, Set-Top Box, Gaming Console, and Blu-Ray), Technology (CLR Technology, Processors, Sensors, Chipsets for Wireless Connectivity, Memory IC, and LED Driver IC): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026

Category: Semiconductor & Electronics Report Format : PDF Pages: 110 Report Code: ZMR-3572 Published Date: Sep-2020 Status : Published

According to the report published by Zion Market Research, global demand for connected living room market was valued at approximately USD 41.26 Billion in 2019, and is expected to generate revenue of around USD 72.57 Billion by end of 2026, growing at a CAGR of around 8.4% between 2020 and 2026.

According to the report published by Zion Market Research, global demand for connected living room market was valued at approximately USD 41.26 Billion in 2019, and is expected to generate revenue of around USD 72.57 Billion by end of 2026, growing at a CAGR of around 8.4% between 2020 and 2026.

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Global Connected Living Room Market: Overview

Growing preferences for customer entertainment are slated to contribute remarkably towards the connected living room market trends over the ensuing years. TV systems, set top boxes, home theatre systems, multimedia devices, computers, gaming consoles, and smartphones are the primary electronic goods that are present in a living room. Connected living room integrates these devices together for better and efficient performance as well as enhances their operational efficiencies. Escalating innovative display equipment, advanced platforms development for information sharing & entertainment, and rising demand digitization trends are few of the major factors that are anticipated to steer up the connected living room market size.

Global Connected Living Room Market: Growth Factors

User interactive features integration into home infotainment devices in recent years is expected to boost the connected living room market growth over the next few years. Increase in popularity of content streaming, software technologies, and network integration are the major factors that are expected to generate a greater scope for connected living room market over the estimated span.

Significant breakthroughs witnessed across the wireless and wired connectivity technologies are further predicted to lucratively leverage the business space. Escalating demand for electronic items including home theatre systems, digital video recorder, and set-top boxes owing to its ability to offer better entertainment, personalized services, and communication opportunities are predicted to supplement connected living room market growth over the forecast timeline. Growing demand for smart equipment such as smart televisions with an ability to perform manifold functionalities is forecast to spur connected living room market trends.

Change in consumer purchasing behaviour favouring natural interface, high functionality, and low maintenance are key factors expected to play a significant role in influence the market growth in the near future. The increase in demand for better quality digital entertainment devices coupled with declining product costs in the connected living room market is foreseen to account remarkably towards connected living room market earnings over the years ahead.

Compatibility issues are the major restraining factor for this market and are project to impact the business adversely over the estimated timespan. Rise in the deployment costs and low awareness level about the new concept in the developing regions are anticipated to hamper market progress. Nevertheless, massive penetration of new technologies into previously untapped markets is expected to offer numerous growth avenues for the market players. This in turn will minimize the hindrances on the connected living room market growth significantly.

Global Connected Living Room Market: Segmentation

The global connected living room market can be divided based on products and technology. Product wise, the market is sectored into home theatre, Smart/3D, LED/OLED/LCD TV, set-top box, gaming console, and Blu-ray. Based on the technology, the connected living room market is divided into CLR technology, processors, sensors, chipsets for wireless connectivity, memory IC, and LED driver IC. Region-wise, the global market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Global Connected Living Room Market: Regional Analysis

Developed regions such as North America dominated the global market owing to technology advancements and novel product launches. These areas are expected to show positive growth over the forecast period. Developing regions such as Asia Pacific and Central & South America are projected to experience rapid growth in the industry owing to several key factors.

Emerging economies including India and China are estimated to witness positive growth due to rapid urbanization, increase in living standards, and rise in disposable income over the coming years. Product innovation strategies implemented by the firms to product superior products are foreseen to further enhance the regional and overall market growth in near future. The developed regions are expected to provide lucrative opportunities for the industry participants to explore its untapped market growth potential.

Global Connected Living Room Market: Competitive Players

The key market players of the global connected living room market include Pioneer Corporation, LG Electronics Inc., Nintendo Co. Ltd., Comcast Corporation, Sony Corporation, BenQ Corporation, and Samsung Electronics Co. Ltd., among others.

Connected Living Room Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

The surging adoption of computing devices including Smartphones, tablet, laptops, etc. drives the market growth across the globe. It is anticipated that the growing prevalence of online video streaming would boost the growth of connected living rooms. In particular, the cultural change from the lean-forward medium to the lean-back medium, combined with the introduction of smart TVs, provides an impetus for the demand for connected living room devices.

According to Zion Market Research, global demand for connected living room market is expected to generate revenue of around USD 72.57 Billion by end of 2026, growing at a CAGR of around 8.4% between 2020 and 2026.

Asia Pacific was the largest market of connected living room and also expected to continue its dominance over the market during the forthcoming years. Growing penetration of online video streaming and Netflix, Amazon Prime, etc. is likely to witness lucrative growth of the market in the region.

Some main participants of the Connected Living Room market are Pioneer Corporation, LG Electronics Inc., Nintendo Co. Ltd., Comcast Corporation, Sony Corporation, BenQ Corporation, and Samsung Electronics Co. Ltd, among others.

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