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Home Entertainment Devices Market To Show Strong Growth & Demand | Sony Corporation, Apple Inc., Panasonic Corporation, LG Electronic, Inc.


iCrowdNewswire   Nov 20, 2020  12:40 AM ET

Global Home Entertainment Devices Market Size study, by Product Type (Audio equipment, Video devices and Gaming consoles), by Connectivity (Wired devices and Wireless devices) and Regional Forecasts 2020-2027  , Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Home Entertainment Devices market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Home Entertainment Devices market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region

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Global Home Entertainment Devices Market is valued approximately at USD XX billion in 2019 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2020-2027. Home entertainment devices include consumer electronic products or other electronic gadgets such as video players & recorders, gaming devices, television sets, and audio equipment that are used in domestic or personal context. Increasing penetration of smartphones and internet based electronic devices has increased the demand for home entertainment devices which in result drives the market growth. For instance: Around 66% of individuals adopts smartphone in 2018, an increase from 63% in 2017 and 58% in 2016, globally, as per Zenith’s Mobile Advertising Forecasts 2017. Also, according to the Ministry of Industry and Information Technology (MIIT), China is the largest producer and exporter of consumer electronics (such as computers, laptops, mobile phones, and televisions) combinedly producing around 80% of these devices in the year 2018. As per the MIIT, China produced around 1.8 billion units of mobile phones, 300 million units of computers & laptops, and around 200 million units of televisions in 2018. Besides, the shipments of computers & laptops, televisions, and smartphones manufactured in China accounted for 20%, 20%, and 27.8% respectively of the global total in the year 2018.  Also as per Statista, the number of smartphone users worldwide was 2.9 billion in 2018 and is expected to rise to 3.8 billion users in 2021. Moreover, rising consumer spending on home entertainment devices as well as increasing demand for gaming consoles among kids are the few factors responsible for growth of the market over the forecast period.  For instance, as per Statista, the consumer spending on video gaming content in US was USD 17.5 billion in 2010 and rise to USD 35.4 billion of video gaming content spending in 2019. However, the high cost of home entertainment devices and shifting preference to other alternatives is the major factor restraining the growth of global Home Entertainment Devices market during the forecast period.

The regional analysis of global Home Entertainment Devices market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the the fast adoption of new technology as well as growing penetration of the internet in developing economies and changing lifestyles of consumers have led to an increase in spending on household entertainment devices.

Major market player included in this report are:

Sony Corporation

Apple Inc.

Panasonic Corporation

LG Electronic, Inc.

Samsung Electronics Co., Ltd.

Bose Corporation

Sennheiser Electronic Gmbh & Co. Kg

Microsoft Corporation

Koninklijke Philips N.V

Mitsubishi Electric Corporation

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product Type:

Audio equipment

Video devices

Gaming consoles

By Connectivity:

Wired devices

Wireless devices

A combination of factors, including COVID-19 containment situation, end-use market recovery & Recovery Timeline of 2020/ 2021

covid-19 scenario Market Behavior/ Level of Risk and Opportunity End Industry Behavior/ Opportunity Assessment Expected Industry Recovery Timeline Business Impact Horizon
Opening of Economy by Q3 2020 xx xx xx xx
Recovery – Opening of Economy extended till Q4 2020 / Q1 2021 xx xx xx xx

 Under COVID-19 Outbreak Impact Analysis:
We analyzed industry trends in the context of COVID-19. We analyzed the impact of COVID-19 on the product industry chain based on the upstream and downstream markets. We analyze the impact of COVID-19 on various regions and major countries.
The impact of COVID-19 on the future development of the industry is pointed out.

Study Explore :

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Geographical Breakdown: The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery path of Covid 19 for all regions, key developed countries and major emerging markets.

Countries: Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam

In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects: Market Structure, Growth Drivers, Restraints and Challenges, Emerging Product Trends & Market Opportunities, Porter’s Fiver Forces. The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios. The report basically gives information about the Market trends, growth factors, limitations, opportunities, challenges, future forecasts, and details about all the key market players.

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Key questions answered: Study Explore COVID 19 Outbreak Impact Analysis 

The study objectives of this report are:

The Study Explore COVID 19 Outbreak Impact Analysis

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Key Points Covered in Home Entertainment Devices Market Report:

Chapter 1, About Executive Summary to describe Definition, Specifications and Classification of Home Entertainment Devices market, Applications, Market Segment by Regions North America, Europe or Asia;
Chapter 2, objective of the study.
Chapter 3, to display Research methodology and techniques.
Chapter 4 and 5, to show the Overall Market Analysis, segmentation analysis, characteristics;
Chapter 6 and 7, to show the Market size, share and forecast; Five forces analysis (bargaining Power of buyers/suppliers), Threats to new entrants and market condition;
Chapter 8 and 9, to show analysis by regional segmentation, comparison, leading countries and opportunities; Regional Marketing Type Analysis, Supply Chain Analysis
Chapter 10, focus on identifying the key industry influencer’s, overview of decision framework accumulated through Industry experts and strategic decision makers;
Chapter 11 and 12, Market Trend Analysis, Drivers, Challenges by consumer behavior, Marketing Channels and demand & supply.
Chapter 13 and 14, describe about the vendor landscape (classification and Market Positioning)
Chapter 15, deals with Home Entertainment Devices  Market sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source.

……..and view more in complete table of Contents

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