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Connected Living Room Market Size, Share, Competitive Landscape and Trend Analysis Report, by Product Type, by Application, by Component : Global Opportunity Analysis and Industry Forecast, 2024-2032

Connected Living Room Market Size, Share, Competitive Landscape and Trend...

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Connected Living Room Market Size, Share, Competitive Landscape and Trend Analysis Report, by Product Type, by Application, by Component : Global Opportunity Analysis and Industry Forecast, 2024-2032
Connected Living Room Market Size,...
Report Code
RO11/128/1091

Publish Date
29/Jul/2024

Pages
200
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The global connected living room market revenue was around US$ 50.9 billion in 2023 and is estimated to reach US$ 100.2 billion by 2032, growing at a compound annual growth rate (CAGR) of 7.8 % during the forecast period from 2024 to 2032.
The idea of a connected living room refers to incorporating technology into a home where all main devices are linked to the internet. This includes electronic devices typically seen in the living room, like TVs, video game consoles, and radios, which are linked to the internet through a wired or wireless connection. Having a connected living room comes with several benefits. For example, it provides increased control over aspects like energy efficiency, safety, and ease of use. Additionally, it offers a straightforward and effective way to share timely information and promote resident engagement in senior living communities.
Factors Influencing Market Growth

- The rising popularity of online media streaming is anticipated to fuel the adoption of connected living rooms. The living room-connected devices are all the electronic equipment such as televisions, smartphones, gaming consoles and so on that is connected to the internet.
- The increase in widespread use of streaming media services online worldwide. A lot of individuals have moved away from traditional cable or satellite TV to on-demand streaming services like Netflix and Disney+. This tendency has raised the need for smart TVs, media streaming devices, and home theatre systems.
- Significant barriers to entry for many consumers are caused by high deployment costs, thus impeding market growth. The price of buying and setting up smart home devices like smart TVs, video streaming tools, and home automation systems can be too high for certain families, as well as the need for stable, high-speed internet which adds to the initial and ongoing costs, making it hard for people to adopt connected living room gadgets.
COVID-19 Impact Analysis on the Connected Living Room Market
The connected living room market has been significantly influenced by the COVID-19 pandemic, which has impacted consumer behaviors, spurred technological progress, and changed industry dynamics. Below are a few significant effects. Rise in Consumption: Due to lockdowns and social distancing rules, individuals stayed at home more, resulting in a notable surge in the consumption of home entertainment. The demand for smart TVs, streaming devices, and gaming consoles experienced a sharp increase. Boom in Streaming Services: Netflix, Disney+, and Amazon Prime saw remarkable growth. As a result, families started improving their home entertainment setups to make their viewing experiences better.
Regional Analysis
The Asia Pacific region held the highest revenue share in 2023 and is estimated to generate the highest CAGR during the forecast period. Certain countries in the area, like China and Taiwan, have positioned themselves as centers for manufacturing electronics. Asia Pacific is home to some of the biggest developing countries, including India and China. Asia Pacific has a considerable number of young people who quickly embrace new technologies. Simultaneously, the increasing industrialization and higher disposable income in the area have sparked a need for consumer electronics. The growth of the regional market is being driven by the increased accessibility and internet connectivity, as well as the rising number of smartphone users in the region.
Leading Companies
- Panasonic Holdings Corporation
- Roku, Inc
- Google LLC
- Toshiba Corporation
- Honeywell International Inc
- SAMSUNG ELECTRONICS CO.LTD
- Signify Holding
- Amazon.com, Inc
- Apple Inc
- LG Electronics Inc
- Others
Segmentation Outline
The global connected living room market outlook is segmented into Product Type, Application, Component, and Region.
Segmentation based on Type
- Smart TVs
- Gaming Consoles
- Computer and Laptop
- Smart Speakers
- Smartphones and Tablets
- Security system
- Lighting system
Segmentation Based on Application
- Video Streaming
- Audio Streaming
- Gaming
- Security
Segmentation Based on Component
- Sensors
- Thermostats
- Cameras
- Communication Device
- Others
Segmentation based on region
North America?
o The U.S.
o Canada
Europe?
o UK
o Germany
o France
o Italy
o Spain
o Netherlands
o Rest of Europe
Asia-Pacific
o China
o Japan
o India
o Australia
o South Korea
o Singapore
o Rest Of Asia-Pacific
LAMEA?
o Latin America
o Middle East
o Africa

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