Connected Living Room Market To Grow Strongly And Reach USD 72.57 Billion by end of 2026 - ZMR

According to the report published by Zion Market Research, global demand for connected living room market was valued at approximately USD 41.26 Billion in 2019, and is expected to generate revenue of around USD 72.57 Billion by end of 2026, growing at a CAGR of around 8.4% between 2020 and 2026.

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

Growing Government Initiatives To Surge Requirement For Connected Living Rooms In The Years To Come

Due to implementation of technical enhancements, the lifestyle of people has altered. Governments all over the countries are putting efforts to support digitization, which is expected to elevate the acceptance of these techs. Some of the primary factors that will power the requirement for global connected living rooms market on a global level are rising efforts in R&D activities. This will additionally benefit the companies to bring more updated and new techs in the market.  

In addition to this, increasing preference towards high tech electronic machines and altering preference of users all over the world to employ enhanced tech have considerably supported the development of the global market. Nowadays, different electronic machines can be linked to one another such as washing machines, fridge, TVs, laptops, mobiles, and so on. This ease of living and interconnectivity will power the growth of global connected living rooms market.

North America To Dominate The Global Connected Living Room Market In The Years To Come

Regionally, the connected living room market was ruled by North America. High rate of penetration for user electronics and noteworthy funds spend by the population for undertaking routinely transformation of homes are the major factors powering the growth of the global market in the area. In addition to this, North America has high rate of adoption for newest techs as users in the region actively spend in high-quality devices such as home theaters, smart TVs, and wireless machines. Due to these factors, the North American market is predicted to witness development at a solid pace in the years to come

Browse the full “Connected Living Room Market Product (Home Theatre, Smart/3D, LED/OLED/LCD TV, Set-Top Box, Gaming Console, and Blu-Ray), Technology (CLR Technology, Processors, Sensors, Chipsets for Wireless Connectivity, Memory IC, and LED Driver IC): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/connected-living-room-market

The global connected living room market is segmented as follows:

By Components

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

By Product Type

• Consumers computing
• TV systems
• Set-top boxes
• Gaming Consoles
• Security Systems
• Smart Plugs
• Wireless Speakers
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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