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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Connected Living Room Market Outlook
The global connected living room market stood at a value of around USD 53.17 billion in 2023 and is further expected to grow at a CAGR of 8.7% over the forecast period of 2024-2032.
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The increasing demand for new products such as digital video recorder, digital set-top box, digital media players, home theatre systems such as Blu-ray players, and gaming consoles is driving the market growth.
Properties and Applications
The connected living room industry can be divided on the basis of segments like components, product-type, and application. The market can be classified on the basis of its components as sensors, thermostats, cameras, data storage system, and communication device, among others. The market, based on its product type, can be categorised as consumer computing, TV system, gaming consoles, security system, smart plugs, and wireless speakers, among others. Further, the market can be broadly categorised on the basis of its application into:
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- Video Streaming
- Audio Streaming
- Gaming
- Others
The EMR report looks into the regional markets for connected living room like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
Market Analysis
The main driver for the connected living room industry is the enormous support from governments, especially in developing economies, for digitisation. Factors like evolving technology and changing consumer preferences are affecting the consumption level of each type of devices with smartphones and televisions playing a major role in the growth of the industry. The emergence of systems providing advanced connectivity in home appliances, the incorporation of user-interactive properties in home infotainment systems, and the growing advancement towards high resolution displays are the factors driving the connected living room industry further.
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Competitive Landscape
The report presents a detailed analysis of the following key players in the global connected living room market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Hitachi, Ltd.
- Toshiba Corporation
- LG Electronic
- Panasonic Corporation
- Google Inc.
- Amazon Inc.
The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s five forces.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Components |
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| Breakup by Product Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global connected living room market reached a value of USD 53.17 billion in 2023.
The market is projected to grow at a CAGR of nearly 8.7% in the forecast period of 2024-2032.
The major drivers of the industry, such as rising disposable incomes, increasing population, and government initiatives in the industry, are expected to aid the industry growth.
The rising preference for second screen devices and the subsequent growth in the product’s demand among the consumers are expected to be the key trends guiding the growth of the market.
North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific are the leading regions in the market.
The major component segments in the market are sensors, thermostats, cameras, data storage system, and communication device, among others.
The market, based on its product type, can be categorised as consumer computing, TV system, gaming consoles, security system, smart plugs, and wireless speakers, among others.
The major application segments in the market include video streaming, audio streaming, and gaming, among others.
The leading players in the market are Hitachi, Ltd., Toshiba Corporation, LG Electronic Inc., Panasonic Corporation, Google Inc., Apple Inc., Amazon Inc., Others.
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