The Global Connected Living Room Market is Predict to reach $75.6 Billion by 2028, at a CAGR of 9.2%
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Connected Living Room Market Growth, Trends and Report Highlights
According to a new report, published by KBV research, The Global Connected Living Room Market size is expected to reach $75.6 billion by 2028, rising at a market growth of 9.2% CAGR during the forecast period.
The Audio Streaming segment is showcasing a CAGR of 9.4% during (2022 - 2028). Increasing smart speaker use is a significant factor in the popularization of audio streaming platforms. The increasing number of smartphones, the availability of internet to the masses, along with the increased use of audio streaming platforms has boosted the growth of the segment.
The Smart TVs segment is leading the Global Connected Living Room Market by Device Type in 2021 thereby, achieving a market value of $23.9 billion by 2028. Smart connected televisions can function as both lean-back and lean-forward media, since they offer the option of viewing from a distance and provide the user with other active capabilities that were previously exclusive to laptops and desktop PCs. The wireless connectivity enabled by the most recent smart TVs is a significant factor propelling the popularity of smart TVs.
The Asia Pacific market dominated the Global Connected Living Room Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $28.1 billion by 2028. The Europe market is exhibiting a CAGR of 8.5% during (2022 - 2028). Additionally, The North America market would showcase a CAGR of 8.3% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/connected-living-room-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Hitachi, Ltd., Toshiba Corporation, Koninklijke Philips N.V., LG Electronics, Inc. (LG Corporation), Panasonic Corporation, Netflix, Inc., Google LLC, Apple, Inc., Amazon Web Services, Inc., and Motorola Mobility Holdings. Inc.(Lenovo Group Limited).
Global Connected Living Room Market Segmentation
By Application
- Video Streaming
- Audio Streaming
- Gaming
By Device Type
- Smart TVs
- Gaming Consoles
- PC/Laptop
- Smart phones
- Tablets
- Smart Speakers
By Geography
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Companies Profiled
- Hitachi, Ltd.
- Toshiba Corporation
- Koninklijke Philips N.V.
- LG Electronics, Inc. (LG Corporation)
- Panasonic Corporation
- Netflix, Inc.
- Google LLC
- Apple, Inc.
- Amazon Web Services, Inc.
- Motorola Mobility Holdings. Inc. (Lenovo Group Limited)
Related Reports:
North America Connected Living Room Market Size Report 2028
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LAMEA Connected Living Room Market Size & Forecast to 2028
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Europe Connected Living Room Market Size & Share to 2028
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Asia Pacific Connected Living Room Market Size Report 2028
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