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Connected Living Room Market Report and Forecast 2024-2032

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    Report

  • 157 Pages
  • December 2023
  • Region: Global
  • Expert Market Research
  • ID: 5926206
Global Connected Living Rooms Market Report and Forecast 2024-2032

Market Outlook

According to the report the global connected living rooms market is projected to grow at a CAGR of 8.7% between 2024 and 2032 to reach a value of about USD 108.82 billion by 2032. Aided by the rising demand for integrated entertainment systems and the proliferation of smart home devices, the market is expected to grow significantly by 2032.

Connected living rooms refer to the integrated digital ecosystem within a household's primary recreational space, where multiple devices, such as smart TVs, home theatre systems, and gaming consoles, connect seamlessly through the Internet. This connectivity facilitates streamlined control, content sharing, and interaction across devices, offering an enhanced, immersive user experience.

The primary driver for the connected living rooms market growth is the exponential increase in the consumption of digital content. As broadband connectivity becomes ubiquitous and more affordable, there has been a marked uptick in the global appetite for online entertainment, spanning streaming platforms, multi-player gaming, and virtual reality experiences.

Additionally, technological advancements, particularly on the Internet of Things (IoT) domain, is one of the crucial connected living rooms market trends. Today's connected living rooms are equipped with sophisticated devices that can be controlled through voice commands, gestures, or centralised smart home hubs. These integrations allow for a seamless, intuitive interaction with technology, enhancing user convenience.

The rise of smart home technologies has further spurred the growth of the market. As consumers worldwide adopt smart lighting, heating, and security systems, there is a natural inclination to integrate entertainment and recreational devices into the same ecosystem. As per the connected living rooms market analysis, this convergence is leading to living spaces that can adapt to moods, events, or scenarios, all controlled through a single interface.

Furthermore, the adoption of 4K, 8K, and OLED technologies in televisions and the proliferation of high-definition audio systems have revolutionised the entertainment experience in connected living rooms. Users are now seeking unified platforms where their ultra-high-definition visual content can effortlessly sync with surround sound audio, creating an immersive, theatre-like experience in the comfort of their homes.

Another significant trend propelling the connected living rooms market demand is the global shift towards cloud-based services. As households increasingly rely on cloud platforms for storage, streaming, and gaming, connected living rooms have become the focal point for this interaction.

Market Segmentation

The market can be divided based on components, product type, application, and region.

Market Breakup by Components

  • Sensors
  • Thermostats
  • Cameras
  • Data Storage System
  • Communication Device
  • Others

Market Breakup by Product Type

  • Consumer Computing
  • TV System
  • Gaming Consoles
  • Security System
  • Smart Plugs
  • Wireless Speakers
  • Others

Market Breakup by Application

  • Video Streaming
  • Audio Streaming
  • Gaming
  • Others

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global connected living rooms market. Some of the major players explored in the report are as follows:
  • Hitachi, Ltd.
  • Toshiba Corporation
  • Google Inc.
  • LG Electronic
  • Panasonic Corporation
  • Amazon Inc.
  • Others

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Connected Living Room Market Analysis
8.1 Key Industry Highlights
8.2 Global Connected Living Room Historical Market (2018-2023)
8.3 Global Connected Living Room Market Forecast (2024-2032)
8.4 Global Connected Living Room Market by Components
8.4.1 Sensors
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Thermostats
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Cameras
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Data Storage System
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Communication Device
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Others
8.5 Global Connected Living Room Market by Product Type
8.5.1 Consumer Computing
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 TV System
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Gaming Consoles
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Security Systems
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Smart Plugs
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Wireless Speakers
8.5.6.1 Historical Trend (2018-2023)
8.5.6.2 Forecast Trend (2024-2032)
8.5.7 Others
8.6 Global Connected Living Room Market by Application
8.6.1 Video Streaming
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Audio Streaming
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Gaming
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Others
8.5 Global Connected Living Room Market by Region
8.5.1 North America
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Europe
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Asia Pacific
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Latin America
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Middle East and Africa
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
9 North America Connected Living Room Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Connected Living Room Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Connected Living Room Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Connected Living Room Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Connected Living Room Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Hitachi Ltd.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Toshiba Corporation
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Google LLC
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 LG Electronics Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Panasonic Corporation
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Amazon Inc.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Connected Living Room Market: Key Industry Highlights, 2018 and 2032
2. Global Connected Living Room Historical Market: Breakup by Components (USD Million), 2018-2023
3. Global Connected Living Room Market Forecast: Breakup by Components (USD Million), 2024-2032
4. Global Connected Living Room Historical Market: Breakup by Product Type (USD Million), 2018-2023
5. Global Connected Living Room Market Forecast: Breakup by Product Type (USD Million), 2024-2032
6. Global Connected Living Room Historical Market: Breakup by Application (USD Million), 2018-2023
7. Global Connected Living Room Market Forecast: Breakup by Application (USD Million), 2024-2032
8. Global Connected Living Room Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global Connected Living Room Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Connected Living Room Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Connected Living Room Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Connected Living Room Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe Connected Living Room Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Connected Living Room Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific Connected Living Room Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Connected Living Room Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America Connected Living Room Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Connected Living Room Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa Connected Living Room Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Global Connected Living Room Market Structure

Companies Mentioned

  • Hitachi Ltd.
  • Toshiba Corporation
  • LG Electronic Inc.
  • Panasonic Corporation
  • Google Inc.
  • Apple Inc.
  • Amazon Inc.

Methodology

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