According to a new report, published by KBV research, The Global Home Entertainment Devices Market size is expected to reach $428.9 billion by 2030, rising at a market growth of 5.8% CAGR during the forecast period. In the year 2022, the market attained a volume of 5,36,540.5 thousand units experiencing a growth of 6.1% (2019-2022).
The Offline segment is registering a CAGR of 5.1 % during the forecast period. Retailers and manufacturers have adapted to the demand by continuing to produce and release physical copies of movies, music, and other forms of entertainment. Limited edition releases, special packaging, and exclusive content have also contributed to the offline segment's growth. Additionally, some consumers prefer offline options due to concerns about internet connectivity issues, data privacy, or a desire to disconnect from the digital world. These factors will lead to increased demand in the segment.
The Wired segment is generating the highest revenue in the Global Home Entertainment Devices Market by Mode Of Connectivity in 2022; thereby, achieving a market value of $278 billion by 2030. Wired home entertainment devices, such as wired speakers, sound systems, and traditional home theater setups, offer a higher level of stability and reliability in data transmission and connectivity. Wired speakers, amplifiers, and home theater systems deliver high-fidelity sound and maintain the integrity of audio signals, offering a richer and more immersive listening experience. As a result, the segment will expand rapidly in the coming years.
The Video Devices segment is growing at a CAGR of 5.5 % during the forecast period. Video devices have undergone significant technological advancements, particularly in display technologies. The transition from standard-definition to high-definition (HD) and then to Ultra HD, 4K, and even 8K resolution displays has significantly improved the viewing experience. These advancements have propelled consumers to upgrade their entertainment setups to embrace better picture quality and more immersive viewing. These factors will boost the demand in the segment.
The Asia Pacific region dominated the Global Home Entertainment Devices Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $161 billion by 2030. The Europe region is anticipated to grow at a CAGR of 5.3% during (2023 - 2030). Additionally, The North America region would witness a CAGR of 5.1% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/home-entertainment-devices-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 Samsung Electronics Co., Ltd. (Samsung Group), LG Corporation, Sony Corporation, Toshiba Corporation, Apple, Inc., Panasonic Holdings Corporation, Microsoft Corporation, Koninklijke Philips N.V., Bose Corporation and Mitsubishi Electric Corporation.
By Distribution Channel (Volume, Thousand Units, Revenue, USD Billion/Million, 2019-30)
By Mode Of Connectivity (Volume, Thousand Units, Revenue, USD Billion/Million, 2019-30)
By Type (Volume, Thousand Units, Revenue, USD Billion/Million, 2019-30)
By Geography (Volume, Thousand Units, Revenue, USD Billion/Million, 2019-30)
Companies Profiled
Unique Offerings 
