Global Connected Living Room Market is Expected to Reach $886 Billion by 2024, Says Variant Market Research Global Connected Living Room Market Report, published by Variant Market Research, forecast that the global market is expected to reach $886 billion by 2024 from $520 billion in 2016; growing at a CAGR of 6.9% from 2016 to 2024. By geography, Asia Pacific and RoW are expected to grow at a CAGR of 8.7% and 8%, respectively, during the forecast period. Growing demand for wearable devices and need for customized services coupled with high penetration of smartphones & internet in emerging economies are the major drivers of the connected living room market. Increasing demand for web-enabled devices and rising awareness about IoT among consumers also boost the growth of the market. However, increasing complexity of these devices and cyber threats may hamper the growth of the market. Furthermore, customized services, untapped markets and entry for new players may provide market opportunities during the forecast period. Browse Complete Report @ https://www.variantmarketresearch.com/reportcategories/semiconductor-electronics/connected-living-room-market
Component, product and geography are the key segments of the global connected living room market. The component segment includes data storage systems, sensors, cameras, thermostats, communication devices and others. In 2016, sensors segment accounted for the largest market share and is expected to dominate the market with highest CAGR during the forecast period
2016-2024, owing to demand of control & security at homes. Furthermore, by product, the market is segmented as security system, smart plugs, consumers computing, set-top boxes, TV systems, gaming consoles, wireless speakers and others. Consumers computing and TV systems dominated the product type segment accounting for 28.1% and 18.5% respectively in the year 2016. Geographically, the market is bifurcated into North America, Europe, Asia-Pacific and Rest of the World (RoW). In 2016, North America accounted for the largest market share of 31.5%, owing to the rising need for better entertainment and personalized services. Whereas, Asia Pacific is likely to grow at a fastest CAGR of 8.7% during the forecast period, owing to the rapid urbanization, rising disposable income and high penetration of smartphones & smart TVs. Get Sample Copy Of This Report @ http://bit.ly/2qiS1QG
Market players have used various strategies to increase their market share and global presence. For instance, in February 2017, Samsung Electronics launched the new Facebook video app for TV on Samsung Smart TVs. Additionally, the key players in the connected living room market include Xplore Technologies Corp., Panasonic Corporation, DRS Technologies Inc., Hitachi, Ltd., Mountain Secure Systems, General Electric, Toshiba Corp., Koninklijke Philips N.V. LG Electronics, Inc., and Samsung Electronics Co. Ltd., among others.
Scope of Connected Living Room Market Component Segments • • • • • •
Data Storage Systems Sensors Cameras Thermostats Communication Devices Others
Product Segments •
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Security System Wireless Speakers Consumers Computing Set-Top Boxes TV Systems Gaming Consoles Smart Plugs
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Others
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Geography Segments •
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North America o US o Canada o Mexico Europe o o o o o
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U.K. Italy France Germany Others
Asia-Pacific o China o India
o o o o •
Japan South Korea Taiwan Others
RoW o o o
South America Middle East Africa
Table Of Content •
Chapter 1. Prefix 1.1 Market Scope 1.2 Report Description 1.3 Research Methodology 1.3.1 Primary Research 1.3.2 Secondary Research 1.3.3 In-house Data Modeling
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Chapter 2. Executive Summary
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Chapter 3. Market Outline 3.1 Market Inclination, Trend, Outlook and Viewpoint 3.2 Market Share Analysis: Company’s Competitive Scenario 3.3 Value Chain Analysis 3.4 Market Dynamics 3.4.1 Drivers 3.4.1.1 Impact Analysis 3.4.2 Restraints 3.4.2.1 Impact Analysis 3.4.3 Opportunities 3.5 Porter’s five forces analysis 3.5.1 Factors Impact Analysis ………….
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Chapter 7. Company Profiles 7.1 Panasonic Corporation 7.2 Xplore Technologies Corp 7.3 DRS Technologies Inc. 7.4 Mountain Secure Systems
7.5 Hitachi, Ltd. 7.6 General Electric 7.7 Toshiba Corp. 7.8 LG Electronics, Inc 7.9 Koninklijke Philips N.V. 7.10 Samsung Electronics Co. Ltd. Contact Us : VARIANT MARKET RESEARCH LLP Web: https://www.variantmarketresearch.com/ USA Office: 649 Mission St., 5th Floor, San Francisco, CA 94105, United States. Tel: +1-415-680-2785 Fax: +1-415-680-2786 Email: help@variantmarketresearch.com India Office (Corporate Headquarter): Office No. FL No.7, Prakash Developers, Survey no 34/A5, Wadgaon Sheri, Nagar Road, Pune – 411014 Tel: +91 20 65337795