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Connected Living Room Market

Connected Living Room Market (Components - Sensors, Thermostats, Cameras, Data Storage Systems, and Communication Devices; Product Type - Consumers Computing, TV Systems, Gaming Consoles, Security Systems, Smart Plugs, and Wireless Speakers) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

Global Connected Living Room Market: Snapshot

In the past few years, consumer perception regarding home automation has undergone a paradigm shift and it is no longer considered an exclusive luxury item. With time, home automation is expected to be considered as means of gaining a larger control over aspects such as saving on energy, security, and a measure of enhancing convenience. Availability of economical components for setting up a connected living room environment and rising adoption of digital devices and systems on the consumer end will spurt the demand for more of such products in the global market in the next few years.

Transparency Market Research estimates that the market will exhibit a promising 7.3% CAGR over the period between 2016 and 2024, rising from a valuation of US$518.92 bn in 2015 to US$984.51 bn by 2024.

connected living room market

Rising Data Volumes and Connected Components to Drive Demand for Data Storage Systems

In terms of the key components used in connected living rooms, the market has been examined for sensors, thermostats, data storage systems, and communication devices. Of these, the segment of communication devices leads, accounting a marginally larger share as compared to the segment of sensors. Communication devices such as computer modems, and equipment for enabling Wi-Fi, Bluetooth, and infrared networks, and network interface cards are among the most commonly used components in connected living rooms. As a result, the segment accounts for a major chunk in the global market’s revenues.

Over the forecast period, the increased use of smartphones in connected living rooms is expected to lead to the healthy growth of the communication devices segment in the global connected living room market. Although the segment will expand at a promising pace (an estimated 7.2% CAGR) over the period between 2016 and 2024, the segment will be trumped by the segment of data storage systems, which will exhibit a 7.8% CAGR over the said period.

Data storage systems for a key part of any connected digital system and are indispensable for purposes such as keeping files internally in the system, creating back-ups, transferring data to other connected devices, and data archiving. The rising number of components in connected living rooms will inevitably lead to the increased demand for additional capacity requirements and drive the market for data storage systems in the global market.

Thanks to High Rate of Affordability, Developed Regions Stay Ahead

Geographically, the North America market for connected living room dominated in 2015. High penetration rate of consumer electronics and significant funds invested by the population for undertaking timely transformation of living rooms are the key factors driving the market in the region. Moreover, North America has high adoption rate for latest technologies as consumers in the region actively invest in high-quality electronics such as smart TVs, home theaters, and wireless devices. Owing to these factors, the market in North America is expected to witness growth at a healthy pace over the forecast period as well.

Owing to high standards of living and rising per capita income, several countries across Europe also provide significant opportunities for the healthy development of the market for connected living room. The report states that the market is expected to experience steady growth during the forecast period, owing chiefly to the keenness of consumers to buy technologically advanced products in the category of digital and electronic gadgets.

The key players operating in the global connected living room market include Samsung Electronics Co. Ltd., Seimens AG, Eaton Corporation, Schneider Electric SE, General Electric, Emerson Electric Co., Rockwell Automation Inc., Littelfuse Inc., Toshiba Corp., and Hitachi, Ltd. 

COVID-19 Outbreak to Increase the Demand for Connected Living Room Market

Smart home automation has increased extensively over the years. A slew of advancements in technologies such as the Internet of Things (IoT) and Artificial Intelligence (AI) has invited tremendous upgrades. Thus, based on all these factors, the connected living room market may observe great growth advancements across the assessment period of 2016-2024.

  • Connected living rooms refers to a range of devices, systems, or appliances that connect to a common network. Numerous advantages attached to the connected living room systems will offer tremendous growth opportunities during the forecast period. The growing use of technologies across the residential sector may bring great growth opportunities during the tenure of 2016-2024.
  • The inclining usage of technologies for entertainment and data streaming purposes at homes will add extra stars of growth. The convenience of managing all the devices at home on a single click may serve as a prominent growth booster for the connected living room market. High penetration of electronic devices in the residential segment may augur well for the growth of the connected living room market.
  • A rise in the disposable income of the individuals across the globe and the rapid urbanization around the globe may lay a strong foundation of growth for the connected living room market. Furthermore, the preference of a large chunk of individuals to buy tech-savvy products will bring immense growth prospects.
  • The novel coronavirus pandemic has led to an increase in the growth of the connected living room market. The lockdown restrictions forced a large number of people to stay at homes. The increase in the need for consistent entertainment during the lockdown period has prompted a large number of individuals to switch to smart home automation. Thus, the pandemic has a positive effect on the growth of the connected living room market.

Section 1 Preface    
1.1 Research Scope    
1.2 Market Segmentation    
1.3 Research Objectives
1.4 Key Question Answered  
     
Section 2 Assumptions and Research Methodology
2.1 Report Assumptions
2.2 Acronyms Used
2.3 Research Methodology
   
Section 3 Market Overview    
3.1 Industry Overview    
       3.1.2 Market Dynamics: Drivers and Restraints Snapshot Analysis
       3.1.3 Market Revenue Projections (US$ Bn) Snapshot: Connected Living Room Market
       3.1.4 Market Attractiveness Analysis 

Section 4 Global Connected Living Room Market: By Component   
4.1 Introduction
4.2 Global Connected Living Room Market Value Share Analysis, By Components
4.3 Global Connected Living Room Market Forecast, by Components
       4.3.1 Sensors
       4.3.2 Thermostats
       4.3.3 Cameras
       4.3.4 Data Storage
       4.3.5 Communication Devices
       4.3.6 Others 

Section 5 Global Connected Living Room Market: By Product Type   
5.1 Introduction      
5.2 Global Connected Living Room Market Value Share Analysis, by Product Type 
5.3 Global Connected Living Room Market Forecast, By Product Type 
       5.3.1 Consumer Computing Devices
       5.3.2 TV Systems 
       5.3.3 Set-top Boxes
       5.3.4 Gaming Consoles
       5.3.5 Security Systems 
       5.3.6 Smart Plugs
       5.3.7 Wireless Speakers
       5.3.8 Others

Section 6 Global Connected Living Room Market: Geographical Scenario  
6.1 Connected Living Room Market Forecast, by Region 

Section 7 North America Connected Living Room Market Analysis
7.1 North America Connected Living Room Market Value Share Analysis: Key Trends 
7.2 North America Connected Living Room Market Share Analysis, By Component 
7.3 North America Connected Living Room Market Share Analysis, By Product Type 

Chapter 8 Europe Connected Living Room Market Analysis
8.1 Europe Connected Living Room Market Value Share Analysis: Key Trends 
8.2 Europe Connected Living Room Market Share Analysis, By Component 
8.3 Europe Connected Living Room Market Share Analysis, By Product Type

Section 9 Asia Pacific Connected Living Room Market Analysis
9.1 Asia Pacific Connected Living Room Market Value Share Analysis: Key Trends 
9.2 Asia Pacific Connected Living Room Market Share Analysis, By Component 
9.3 Asia Pacific Connected Living Room Market Share Analysis, By Product Type

Section 10 Asia Pacific Connected Living Room Market Analysis
10.1 Asia Pacific Connected Living Room Market Value Share Analysis: Key Trends 
10.2 Asia Pacific Connected Living Room Market Share Analysis, By Component
10.3 Asia Pacific Connected Living Room Market Share Analysis, By Product Type

Section 11 Company Profile    
11.1 Samsung Electronics Co., Ltd. 
       11.1.1 Company Details (HQ, Foundation Year, Employee Strength)
       11.1.2 Market Presence, By Segment and Geography
       11.1.3 Key Developments
       11.1.4 Revenue
11.2 Siemens AG    
       11.2.1 Company Details (HQ, Foundation Year, Employee Strength)
       11.2.2 Market Presence, By Segment and Geography
       11.2.3 Key Developments
       11.2.4 Revenue
11.3 Eaton Corporation   
       11.3.1 Company Details (HQ, Foundation Year, Employee Strength)
       11.3.2 Market Presence, By Segment and Geography
       11.3.3 Key Developments
       11.3.4 Revenue
11.4 Schneider Electric SE   
       11.4.1 Company Details (HQ, Foundation Year, Employee Strength)
       11.4.2 Market Presence, By Segment and Geography
       11.4.3 Key Developments
       11.4.4 Revenue
11.5 General Electric   
       11.5.1 Company Details (HQ, Foundation Year, Employee Strength)
       11.5.2 Market Presence, By Segment and Geography
       11.5.3 Key Developments
       11.5.4 Revenue
11.6 Emerson Electric Co.   
       11.6.1 Company Details (HQ, Foundation Year, Employee Strength)
       11.6.2 Market Presence, By Segment and Geography
       11.6.3 Key Developments
       11.6.4 Revenue
11.7 Rockwell Automation Inc.   
       11.7.1 Company Details (HQ, Foundation Year, Employee Strength)
       11.7.2 Market Presence, By Segment and Geography
       11.7.3 Key Developments
       11.7.4 Revenue
11.8 Littelfuse, Inc.    
       11.8.1 Company Details (HQ, Foundation Year, Employee Strength)
       11.8.2 Market Presence, By Segment and Geography
       11.8.3 Key Developments
       11.8.4 Revenue
11.9 Toshiba Corporation   
       11.9.1 Company Details (HQ, Foundation Year, Employee Strength)
       11.9.2 Market Presence, By Segment and Geography
       11.9.3 Key Developments
       11.9.4 Revenue
11.10 Hitachi, Ltd.   
       11.10.1 Company Details (HQ, Foundation Year, Employee Strength)
       11.10.2 Market Presence, By Segment and Geography
       11.10.3 Key Developments
       11.10.4 Revenue

List of Tables

TABLE 1 Snapshot: Connected Living Room Market
TABLE 2 Global Connected Living Room Market Revenue (USD Bn) and Forecast, by Product Type, 2015–2024 
TABLE 3 Global Connected Living Room Market Revenue (USD Bn) and Forecast, by Product Type, 2015–2024 
TABLE 4 Global Connected Living Room Market Revenue (USD Mn) and Forecast, by Region, 2015–2024 
TABLE 5 North America Connected Living Room Market Revenue (USD Bn) and Forecast, by Product Type, 2015–2024 
TABLE 6 Europe Connected Living Room Market Revenue (USD Bn) and Forecast, by Component, 2015–2024 
TABLE 7 Europe Connected Living Room Market Revenue (USD Bn) and Forecast, by Product Type, 2015–2024
TABLE 8 Asia Pacific Connected Living Room Market Revenue (USD Bn) and Forecast, by Component, 2015–2024 
TABLE 9 Asia Pacific Connected Living Room Market Revenue (USD Bn) and Forecast, by Product Type, 2015–2024 
TABLE 10 RoW Connected Living Room Market Revenue (USD Bn) and Forecast, by Component, 2015–2024

List of Figures 

FIG. 1 Market Attractiveness Analysis, by Electronics Application, 2015 
FIG. 2 Global Connected Living Room Market Value Share Analysis, by Components, 2015 and 2024 
FIG. 3 Global Sensors Connected Living Room Market Revenue (USD Bn), 2015–2024 
FIG. 4 Global Thermostats Connected Living Room Market Revenue (USD Bn), 2015–2024 
FIG. 5 Global Cameras Connected Living Room Market Revenue (USD Bn), 2015–2024 
FIG. 6 Global Data Storage Systems Connected Living Market Revenue (USD Bn), 2015–2024 
FIG. 7 Global Communication Devices Connected Living Room Market Revenue (USD Bn), 2015–2024 
FIG. 8 Global Others Connected Living Room Market Revenue (USD Bn), 2015–2024 
FIG. 9 Global Connected Living Room Market Value Share Analysis, by Product Type, 2015 and 2024 
FIG. 10 Global Consumer Computing Device Market Revenue (USD Bn), 2015–2024 
FIG. 11 Global TV Systems Market Revenue (USD Bn), 2015–2024 
FIG. 12 Global Set-top Boxes Market Revenue (USD Bn), 2015–2024 
FIG. 13 Global Gaming Consoles Market Revenue (USD Bn), 2015–2024 
FIG. 14 Global Security System Market Revenue (USD Bn), 2015–2024 
FIG. 15 Global Smart Plugs Market Revenue (USD Bn), 2015–2024 
FIG. 16 Global Wireless Speakers Market Revenue (USD Bn), 2015–2024 
FIG. 17 Global Others Market Revenue (USD Bn), 2015–2024 
FIG. 18 North America Connected Living Room Market, 2016-2024: Revenue Forecast 
FIG. 19 North America Sensors Connected Living Room Market Revenue (USD Bn), 2015–2024 
FIG. 20 North America Thermostats Connected Living Room Market Revenue (USD Bn), 2015–2024 
FIG. 21 North America Cameras Connected Living Room Market Revenue (USD Bn), 2015–2024 
FIG. 22 North America Data Storage Systems Connected Living Room Market Revenue (USD Bn), 2015–2024
FIG. 23 North America Communication Devices Connected Living Room Market Revenue (USD Bn), 2015–2024 
FIG. 24 North America Others Connected Living Room Market Revenue (USD Bn), 2015–2024 
FIG. 25 North America Consumer Computing by Product Type Market Revenue (USD Bn), 2015–2024 
FIG. 26 North America TV Systems by Product Type Market Revenue (USD Bn), 2015–2024 
FIG. 27 North America Set-top Boxes by Product Type Market Revenue (USD Bn), 2015–2024 
FIG. 28 North America Gaming Consoles by Product Type Market Revenue (USD Bn), 2015–2024 
FIG. 29 North America Security Systems by Product Type Market Revenue (USD Bn), 2015–2024 
FIG. 30 North America Smart Plugs by Product Type Market Revenue (USD Bn), 2015–2024 
FIG. 31 North America Wireless Speakers by Product Type Market Revenue (USD Bn), 2015–2024 
FIG. 32 Europe Connected Living Room Market, 2016-2024: Revenue Forecast 
FIG. 33 Europe Sensors Connected Living Room Market Revenue (USD Bn), 2015–2024 
FIG. 34 Europe Thermostats Connected Living Room Market Revenue (USD Bn), 2015–2024 
FIG. 35 Europe Cameras Connected Living Room Market Revenue (USD Bn), 2015–2024 
FIG. 36 Europe Data Storage Systems Connected Living Room Market Revenue (USD Bn), 2015–2024
FIG. 37 Europe Communication Devices Connected Living Room Market Revenue (USD Bn), 2015–2024 
FIG. 38 Europe Others Connected Living Room Market Revenue (USD Bn), 2015–2024 
FIG. 39 Europe Consumer Computing by Product Type Market Revenue (USD Bn), 2015–2024 
FIG. 40 Europe TV Systems by Product Type Market Revenue (USD Bn), 2015–2024 
FIG. 41 Europe Set-top Boxes by Product Type Market Revenue (USD Bn), 2015–2024 
FIG. 42 Europe Gaming Consoles by Product Type Market Revenue (USD Bn), 2015–2024 
FIG. 43 Europe Security Systems by Product Type Market Revenue (USD Bn), 2015–2024 
FIG. 44 Europe Smart Plugs by Product Type Market Revenue (USD Bn), 2015–2024 
FIG. 45 Europe Wireless Speakers by Product Type Market Revenue (USD Bn), 2015–2024 
FIG. 46 Europe Others by Product Type Market Revenue (USD Bn), 2015–2024
FIG. 47 Asia Pacific Connected Living Room Market, 2016-2024: Revenue Forecast 
FIG. 48 Asia Pacific Sensors Connected Living Room Market Revenue (USD Bn), 2015–2024 
FIG. 49 Asia Pacifc Thermostats Connected Living Room Market Revenue (USD Bn), 2015–2024 
FIG. 50 Asia Pacifc Cameras Connected Living Room Market Revenue (USD Bn), 2015–2024 
FIG. 51 Asia Pacific Data Storage Systems Connected Living Room Market Revenue (USD Bn), 2015–2024
FIG. 52 Asia PAcifc Communication Devices Connected Living Room Market Revenue (USD Bn), 2015–2024 
FIG. 53 Asia Pacific Others Connected Living Room Market Revenue (USD Bn), 2015–2024 
FIG. 54 Asia Pacific Consumer Computing by Product Type Market Revenue (USD Bn), 2015–2024 
FIG. 55 Asia Pacific TV Systems by Product Type Market Revenue (USD Bn), 2015–2024 
FIG. 56 Asia Pacific Set-top Boxes by Product Type Market Revenue (USD Bn), 2015–2024 
FIG. 57 Asia Pacific Gaming Consoles by Product Type Market Revenue (USD Bn), 2015–2024 
FIG. 58 Asia Pacific Security Systems by Product Type Market Revenue (USD Bn), 2015–2024 
FIG. 59 Asia Pacific Smart Plugs by Product Type Market Revenue (USD Bn), 2015–2024 
FIG. 60 Asia Pacific Wireless Speakers by Product Type Market Revenue (USD Bn), 2015–2024 
FIG. 61 Asia Pacific Others by Product Type Market Revenue (USD Bn), 2015–2024
FIG. 62 RoW Connected Living Room Market, 2016-2024: Revenue Forecast 
FIG. 63 RoW Sensors Connected Living Room Market Revenue (USD Bn), 2015–2024 
FIG. 64 RoW Thermostats Connected Living Room Market Revenue (USD Bn), 2015–2024 
FIG. 65 RoW Cameras Connected Living Room Market Revenue (USD Bn), 2015–2024 
FIG. 66 RoW Data Storage Systems Connected Living Room Market Revenue (USD Bn), 2015–2024
FIG. 67 RoW Communication Devices Connected Living Room Market Revenue (USD Bn), 2015–2024 
FIG. 68 RoW Others Connected Living Room Market Revenue (USD Bn), 2015–2024 
FIG. 69 RoW Consumer Computing by Product Type Market Revenue (USD Bn), 2015–2024 
FIG. 70 RoW TV Systems by Product Type Market Revenue (USD Bn), 2015–2024 
FIG. 71 RoW Set-top Boxes by Product Type Market Revenue (USD Bn), 2015–2024 
FIG. 72 RoW Gaming Consoles by Product Type Market Revenue (USD Bn), 2015–2024 
FIG. 73 RoW Security Systems by Product Type Market Revenue (USD Bn), 2015–2024 
FIG. 74 RoW Smart Plugs by Product Type Market Revenue (USD Bn), 2015–2024 
FIG. 75 RoW Wireless Speakers by Product Type Market Revenue (USD Bn), 2015–2024 
FIG. 76 RoW Others by Product Type Market Revenue (USD Bn), 2015–2024

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Connected Living Room Market

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