Home Theatre Market Research Report and Forecast up to 2023 Home Theatre Market - Global Industry Analysis, Si
Home
Theatre
Market
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Global
Industry
Analysis, Size, Share, Growth, Trends and
Forecast 2016 - 2023
Home entertainment includes components such as TV and several other premium
level content in both electronic as well as physical format from which the revenue
for this market is generated. The revenues come from rental, sell and subscription
models. Further, consumers as well as advertisements are the sources for revenues.
The consumer electronics industry has undergone a significant change during the
last decade and innovative entertainment solutions such as digital set-top box,
home theater systems, media players such as Blu-ray players, and digital video
recorder have made their entry into the market.
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Home theatre systems have gained significant demand among the consumers
during the recent years. This is due to the growing income levels of the population
around the globe and the desire to spend more on entertainment solutions. Home
theater products include various components such as sound and display systems,
media players, storage devices and theater-in-a-box systems. Theater-in-box
systems consist of various channels such as 5.1 channel, 6.1 channel, 7.1 channel,
9.1 channel. There is a constant increase in the number of stores selling large-sized
televisions with high screen resolution, projectors and home theatre systems. With
continuous improvements in the quality of equipment, consumers can enjoy an
exclusive movie theater experience in the comfort of their own homes. There is
also a growing trend of offering video playback feature in the home theatre
systems.
A majority of consumers are now keen to socialize more at home, both with families
as well as friends. Rising prices for movie tickets has also led to consumers looking
for home entertainment solutions. This trend has consequently persuaded the
consumers that investing in home cinema and speaker systems by making it
valuable as they require creating a cinematic experience at home. One of the major
factors driving growth of home theatre market is the continued emergence of
demand for home theatre systems from consumers in regions such as China, Brazil
and India. There is an increasing demand for Blu-Ray’s high-definition (HD) playback
system that gives the advanced home theater experience. The companies operating
in this market are placing new standards for enhancing the value in the consumer
electronics goods as well as offering excellent customer service. There is a growing