Global Connected Living Room Market is estimated to reach $886 billion by 2024; growing at a CAGR of 6.9% from 2016 to 2024. The living room with internet connected space and devices provide a great access to communications, entertainments and personalized services as compared to the non-connected living rooms. End-users ranging from device manufacturers to broadband service providers are engaged in this growing area to provide customers with internet connected living room. The most common living room connected devices include smart TVs, game consoles, set-top boxes or net-top boxes and connected blue ray disc players, among others, all of which are primarily used for entertainment purpose. The software programming languages and different modes for connecting varies from one manufacturers to another. Cloud service providers are also becoming increasingly significant in the internet connected living rooms as a place to store their content and to manage their authorized personal media collections.
High penetration of smartphones & internet in emerging economies, increasing demand for wearable electronics and customized services are key factors supporting the growth of the connected living room market. Growing awareness of Internet of Things and rising demand for web-enabled devices also fuel the growth of the market. Furthermore, untapped markets, customized services and entry of new players would provide market opportunity in the coming years. However, security challenges and increasing complexity of these devices may hinder the growth of the market.
The global connected living room market is categorized on the basis of component, product and geography. By component type, the market is segmented into data storage systems, sensors, cameras, thermostats, communication devices and others. Furthermore, by component type, it can be segmented into security system, smart plugs, consumers computing, set-top boxes, TV systems, gaming consoles, wireless speakers and others.
By geography, the market has been categorized into North America, Europe, Asia-Pacific and Rest of the World (RoW). The U.S., Canada and Mexico are covered under North America wherein Europe covers U.K., Italy, France, Germany and others. Asia-Pacific covers China, India, Japan, South Korea, Taiwan and others. RoW covers South America, Middle East and Africa.
The key players in the connected living room market include Panasonic Corporation, Xplore Technologies Corp., DRS Technologies Inc., Mountain Secure Systems, Hitachi, Ltd., General Electric, Toshiba Corp., LG Electronics, Inc., Koninklijke Philips N.V. and Samsung Electronics Co. Ltd., among others.
The key takeaways from the report
- The report will provide detailed analysis of Connected Living Room Market with respect to major segments such as component and product
- The report will include the qualitative and quantitative analysis with market estimation over 2015-2024 and compound annual growth rate (CAGR) between 2016 and 2024
- Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
- An exhaustive regional analysis of Connected Living Room Market has been provided in the report
- Profile of the key players of the Connected Living Room Market will be provided, which include key financials, product & services, new developments and business strategies
Scope of Connected Living Room Market
- Data Storage Systems
- Communication Devices
- Security System
- Wireless Speakers
- Consumers Computing
- Set-Top Boxes
- TV Systems
- Gaming Consoles
- Smart Plugs
- North America
- South Korea
- South America
- Middle East