Connected Living Room - Global Strategic Business Report

The global market for Connected Living Room is estimated at US$808.6 Billion in 2023 and is projected to reach US$107.0 Billion by 2030, growing at a CAGR of -25.1% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Several key factors drive the growth of the connected living room market. The shift from traditional television viewing to online media streaming platforms like Netflix and Disney+ has increased the demand for smart TVs, media streaming devices, and comprehensive home theater systems, transforming living rooms into multimedia hubs. The ability to integrate home security features, such as smart locks controlled via smartphones and extensive home automation systems, enhances the functionality and appeal of connected living rooms. The expansion of smart TV adoption, with built-in internet capabilities and app functionality, serves as a cornerstone for further adoption of connected devices. Regionally, the Asia-Pacific market is projected to exhibit the highest growth due to rapid technological adoption and increasing consumer demand for connected technology. Major players like LG Electronics, Roku, and Google are enhancing their market positions through strategic innovations and partnerships. The market is segmented by product type, application, and components, with smartphones and tablets currently leading in revenue generation, while smart TVs are anticipated to grow at the highest rate. The demand for multi-device connectivity and advanced display technologies such as 4K and HDR content drives the market forward, reflecting both technological advancements and evolving consumer lifestyles.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Living Room Sensors segment, which is expected to reach US$45.1 Billion by 2030 with a CAGR of a -20.1%. The Living Room Thermostats segment is also set to grow at -10.4% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $228.8 Billion in 2023, and China, forecasted to grow at an impressive -20.7% CAGR to reach $25.9 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Connected Living Room Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Connected Living Room Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Connected Living Room Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as Eaton Corporation PLC, General Electric Company, Rockwell Automation, Inc., and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 97 Featured):

• Eaton Corporation PLC
• General Electric Company
• Rockwell Automation, Inc.
• Samsung Electronics America, Inc.
• Schneider Electric SA
• Siemens AG