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Global Home Theater Market Analysis With COVID-19 Recovery Plan and Strategies for the Communication Services Industry | TechnavioThe home theater market research report examines the key questions around the implications of COVID-19 and provide a recovery analysis and outlook for the market in focus. Although the market has witnessed a negative impact due to the COVID-19 situation, research analysts at Technavio expect the home theater market to recover and grow by USD 2.87 billion during the forecast period, accelerating at a CAGR of over 4%. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201020005461/en/ Technavio has announced its latest market research report titled Global Home Theater Market 2020-2024 (Graphic: Business Wire) For Complete Insights on COVID-19 Pandemic Crisis and Recovery Analysis of the Home Theater Market. Download free report sample Home Theater Market Segmentation Analysis by Product
The home theater speakers led the home theater market share in 2019. However, the home theater market share growth by the home theater speakers segment will be slower than the growth of the market by the sound bars segment during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the home theater market size. Home Theater Market Regional analysis
Register for a free trial today and gain instant access to 17,000+ market research reports Technavio's SUBSCRIPTION platform Home Theater Market: Key Market Drivers Home theater market is expected to be driven by the increase in the disposable income. In developed countries, such as the US, household income has been increasing. The increase in income is driven by rising employment levels and combined paychecks in households. As a result, high-end audio devices have become affordable for a greater part of the population. In developing nations, these devices were targeted only at niche segments and particularly at the high-income consumer segment. However, rapid economic growth and the increasing purchasing power in emerging markets, such as China and India, are factors that have encouraged vendors to focus on capturing these markets. Growth of Smart Homes will be a Key Market Trend The growth of smart homes, globally, will drive the consumer electronics market during the forecast period. A smart home incorporates devices that communicate with each other to enhance the user experience. Home theater systems are among the various connected devices in a smart home ecosystem. Home theater systems are introduced with assistant functionalities for smart homes. For instance, a home theater system can have Alexa and Echo or the more recent Google (News - Alert) Home functionalities, which are essential for smart homes. In July 2017, Alexa received a feature update, making the voice assistance device compatible with home theater systems. Technavio's sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report Home Theater Market 2020-2024 : Key Highlights
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free. View market snapshot before purchasing Executive Summary Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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View source version on businesswire.com: https://www.businesswire.com/news/home/20201020005461/en/ |