Global Home Theatre Systems Market

The film and video market consists of the sales of entities (organizations, sole traders, or partnerships) that produce or distribute motion pictures, videos, television programs, or commercials, exhibit motion pictures, or provide postproduction and related services. The main types of film and video are film and video production, film and video distribution, post-production services, film and video theatres, other film and video industries. The complete process of making a video is referred to as video production. Whether it’s a short film, a feature film, a company marketing video, a television commercial, a video clip, or another genre of film, the procedure is essentially the same. The different genres include action, horror, comedy, documentary, drama, others, and are used in various applications such as film companies, film studios, others. The global film and video market size is expected to grow from $244.43 billion in 2021 to $273.35 billion in 2022 at a compound annual growth rate (CAGR) of 11.8%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $409.02 billion in 2026 at a CAGR of 10.6%. Mobile video viewing has increased significantly in recent years and is expected to grow further during the forecast period. This is mainly driven by the rise in internet penetration and growth in smartphones usage. For instance, according to a Hootsuite study for 2020, 4.18 billion individuals (more than half of the global population) utilize mobile internet, and 57 percent of global video is watched on mobile devices. Adult Americans spend 30 minutes a day on average watching videos on their phones. Thus, a rapid increase in mobile video consumption is expected to drive the film and video market during the forecast period. The outbreak of the Coronavirus disease (COVID-19) has acted as a significant restraint on the film and video market in 2020 as businesses were disrupted due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People's Republic of China, and spread globally including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity and restricted movement of goods and services with countries entering a state of lockdown. The outbreak had a negative impact on businesses throughout 2020 and into 2021. However, many media markets have been unaffected or benefited from this as they transmit their content remotely through digital channels. It is expected that the film and video market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy. Autonomous drones are becoming popular among mainstream and indie film and video makers as they enhance film viewing experience cost-effective, lightweight, and reduce risks associated with cranes and cable cams during filmmaking. Autonomous drones are flying gadgets equipped with multiple rotors, built-in high-resolution cameras, and algorithms for capturing videos and pictures. It offers a 360-degree experiential recording experience with minimum human intervention. They are used to capture aerial shots, taking footage and images without having a cameraman on an actual helicopter. For instance, major companies offering autonomous drones are DJI, Parrot, Yuneec, Kespry, Insitu, and EHANG. Major companies in the film and video market include Vivendi SA, The Walt Disney Company, Comcast Corporation, Sony Corp, Financière de l'Odet, Viacom Inc., CBS Corporation, Lions Gate, ITV plc, and FUJI MEDIA HOLDINGS INC. North America was the largest region in the film and video market in 2021. Africa is expected to be the fastest growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the film and video market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The global film and video market is segmented - 1) By Type: Film and Video Production, Film and Video Distribution, Post-Production Services, Film and Video Theatres, Other Film and Video Industries 2) By Genre: Action, Horror, Comedy, Documentary, Drama, Others 3) By Application: Film Company, Film Studio, Others

The speaker drivers market consists of sales of speaker drivers by entities (organizations, sole traders and partnerships) that manufacture speaker drivers such as woofers and tweeters. A speaker driver is a device that converts an electrical audio signal to sound waves. The main types of speaker drivers are headphones/earphones, hearing aids, smart speakers, mobile phones/tablets and loudspeakers. A hearing aid is a device that helps people with hearing loss hear better by amplifying sound. Speakers use various driver types such as dynamic drivers, balanced armature drivers, planar magnetic, electrostatic, others and applied in consumer, professional/enterprise, medical and others areas. The global speaker drivers market size is expected to grow from $22.35 billion in 2021 to $23.75 billion in 2022 at a compound annual growth rate (CAGR) of 6.7%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The speaker driver market is expected to reach $31.10 billion in 2026 at a CAGR of 7%. The speaker drivers market was supported by the increased demand for audio and video streaming services globally. This was mainly due to rapid growth in internet penetration and rising popularity among people. According to Statista, the number of Netflix (OTT Service) subscribers increased to 195.15 million by the third quarter of 2020. Also, according to a year-end report by the Recording Industry Association of America (RIAA), streaming services grew nearly 20% in 2019 to $8.8 billion, accounting for 79.5% of all recorded music revenues. The rise in the popularity of audio and video streaming services supported the demand for speaker drivers market. The rising price of raw materials is expected to limit the growth of the speaker drivers market. The volatility of prices in raw materials such as copper, aluminum and steel is expected to have a significant impact on the manufacturing cost of speaker drivers increasing the expenses of manufacturers. For instance, in the late 2020s, the Indian manufacturers of steel have increased steel prices due to rising iron ore prices and strong demand for steel. In December 2020, the steel companies were charging around $34 to $37 (?2,500 to ?2,700) a ton of both flat and long products. Therefore, such fluctuations in raw material price affect the manufacturing cost of speaker drivers and this factor is expected to restrain the market growth of speaker drivers. The rising popularity of wireless audio equipment is an emerging trend in the speaker drivers market. Due to technological advancements, speaker drivers are now enabled with Bluetooth or Wi-Fi, thus can play audio without any wires connected to it. Consumers’ consumption behavior is also changing and a majority of the consumers are shifting towards wireless audio equipment due to its convenience. Key players in the market such as Samsung, LG, Sony, Bose, Denon, DTS, and Qualcomm are introducing different types of wireless speaker drivers in the market. For instance, Sonos Wi-Fi speakers, Bose's SoundTouch system and Amazon's Echo speakers are common Wi-Fi audio equipment. In January 2019, Sound Vision Technologies, the parent company of TruAudio and VSSL, a US-based global manufacturer of architectural, outdoor, commercial speakers and native streaming audio system amplifiers, acquired Current Audio for an undisclosed amount. Through this acquisition, Sound Vision Technologies plans to increase its logistics locations to cover West and East Coasts, expand its brand's customer service, and enhance and support Current Audio’s growing distribution channel. Current Audio manufactures amplifiers, streaming amplifiers, soundbars, architectural speakers, control keypads and subwoofers. Major players in the speaker drivers market are Sony Corporation, Samsung Electronics, BOSE, JBL, Sennheiser Electronic GmbH & Co. KG, Knowles Electronics, Goertek, Beyerdynamic Gmbh & Co. Kg, Fostex International, Merry Electronics Co. Ltd., and Concraft Holding Co. Ltd. Asia Pacific was the largest region in the speaker drivers market in 2021. The regions covered in the speaker driver market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the speaker drivers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global speaker drivers market is segmented - 1) By Device Type: Headphones/Earphones, Hearing Aids, Smart Speakers, Mobile Phones/Tablets, Loudspeakers 2) By Driver Type: Dynamic Drivers, Balanced Armature Drivers, Planar Magnetic, ElectroStatic, Others 3) By Application: Consumer, Professional/Enterprise, Medical, Others

The loudspeakers and sound bars market consists of sales of loudspeakers and sound bars by entities (organizations, sole traders and partnerships) that manufacture loudspeakers and sound bars. A loudspeaker is an electroacoustic transducer which converts an electrical audio signal into a corresponding sound. Loudspeakers are used in radios, audio players, and Bluetooth speakers. Only goods and services traded between entities or sold to end consumers are included. The main types of enclosure of loudspeakers and sound bars are single mounted, multiple mounted and not mounted. A single mounted loudspeaker consists of one speaker recorded within an audio file. The loudspeakers and soundbars are used for communication, automotive, film and television and club/bar by household, commercial and other end users. The global loudspeakers and sound bars market size is expected to grow from $14.62 in billion 2021 to $15.59 billion in 2022 at a compound annual growth rate (CAGR) of 6.6%.The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The loudspeaker and sound bar market is expected to reach $19.27 billion in 2026 at a CAGR of 5.5%. Increased spending on entertainment products by consumers globally contributed to the growth of loudspeakers market in the forecast period. Consumers are preferring external sound systems as a medium of home entertainment and there is an increasing consciousness about the quality of sound they are experiencing as a result of which they are willing to spend more on sound systems. According to a survey by Dolby Laboratories, the USA consumers’ expenditure on home entertainment increased by 72% in 2020. This spend is led by Gen Z and millennial. GFK recorded a €7.9 billion sales in 2019 for global audio devices market excluding North America. There is plenty of growth potential in smart devices with embedded voice assistants and loudspeakers which enhances the entertainment at home. Increased consumer expenditure on entertainment and consciousness of quality of sound experienced increases the demand for different forms of loudspeakers which is driving the loudspeakers market. Regulations by government have always been challenging to the loudspeakers market as loudspeakers usage is one of the main reasons for noise pollution. Noise pollution deteriorates both physiological and psychological health which may lead to health complications such as hypertension, anxiety, increased stress level and can even lead to coronary artery disease. In India, the Supreme Court passed a regulation which restricts the use of public address systems at night (between 10:00pm and 6:00am) and during cultural or festive occasions to not more than 15 days a year. These regulations are expected to negatively impact the growth of the loudspeakers market. The demand for wireless audio equipment market is increasing rapidly due to the increasing popularity of mobile devices and changing media consumption behavior of consumers. Consumers are increasingly using mobile devices, tablets and laptops to wirelessly play audio on speakers. Such consumer behavior is driving the growth of Wi-Fi and Bluetooth connected speakers. To capitalize on the growing popularity of wireless audio equipment, manufacturers such as Samsung, LG, Sony, Bose, Denon, DTS and Qualcomm are also launching wireless audio products or platforms. Popular Wi-Fi audio equipment include Sonos Wi-Fi speakers, Bose’s SoundTouch system, and Amazon’s Echo speakers. In September 2019, the US based company, Sonance announced that it has entered into an agreement with James Loudspeaker to acquire James for an undisclosed amount. The aim of the deal is to combine engineering technology to reinforce their goal of providing superior acoustic performance in products by delivering innovative approaches. James Loudspeaker is a US based company and an innovator in both high performance residential and commercial audio solutions. It produces products for exclusive homes, forward-thinking businesses, and upscale marine applications. Major players in the loudspeakers and sound bars market are Bose Corporation, Harman International Industries, Bowers &Wilkins, Klipsch Audio Technologies, KEF, Sonance, Yamaha Corporation, Sony Corporation, Creative Technology Ltd., and Wharfedale. Asia Pacific is the largest region in the loudspeakers and sound bars market in 2021. North America is the second-largest region in the loudspeakers and sound bars market. The regions covered in the loudspeakers and sound bars market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the loudspeakers and sound bars market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The global loudspeakers and sound bars market is segmented - 1) By Type of Enclosure: Single Mounted, Multiple Mounted, Not Mounted 2) By End-User: Household, Commercial, Others 3) By Application: Communication, Automotive, Film and Television, Club/Bar

The loudspeakers market consists of sales of loudspeakers and related services which are used in aural communication for the generation of music through auto technology, radio, audio players, and Bluetooth speakers. The loudspeaker device generates acoustical signal energy from a corresponding electric audio signal which is enough to be heard from a distance. The main products of loudspeakers are soundbar, subwoofers, in-wall and outdoor. Subwoofers are a sort of speaker that amplifies the lowest frequencies in the audio. Bass guitars, pipe organs, deep voices, kick drums, and cinematic sound effects are examples of low frequencies. Subwoofers are extremely popular for home theatre and automotive sound systems, and they are simple to install. The various types of the enclosure include single mounted, multiple mounted, and not mounted that is used by household, commercial and other end-users. The global loudspeakers market size is expected to grow from $6.61 billion in 2021 to $7.25 billion in 2022 at a compound annual growth rate (CAGR) of 9.8%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The loudspeaker market is expected to reach $8.86 billion in 2026 at a CAGR of 5.1%. Increased spending on entertainment products by consumers globally will contribute to the growth of the loudspeakers market in the forecast period. Consumers are preferring external sound systems as a medium of home entertainment and there is an increasing consciousness about the quality of sound they are experiencing as a result of which they are willing to spend more on sound systems. According to Futuresource Consulting, the global consumer expenditure on entertainment content is reached $439 billion by the end of 2021. GFK recorded €7.9 billion ($8.5 billion) in sales in 2019 for the global audio devices market excluding North America. There is plenty of growth potential in smart devices with embedded voice assistants and loudspeakers which enhances entertainment at home. Increased consumer expenditure on entertainment and consciousness of quality of sound experienced increases the demand for different forms of loudspeakers which is driving the loudspeakers market. Regulations by the government have always been challenging to the loudspeakers market as loudspeakers usage is one of the main reasons for noise pollution. Noise pollution deteriorates both physiological and psychological health which may lead to health complications such as hypertension, anxiety, increased stress levels, and can even lead to coronary artery disease. In India, the Supreme Court passed a regulation that restricts the use of public address systems at night (between 10:00 pm and 6:00 am) and during cultural or festive occasions to not more than 15 days a year. These regulations are expected to negatively impact the growth of the loudspeakers market. The demand for wireless audio equipment market is increasing rapidly due to the increasing popularity of mobile devices and changing media consumption behavior of consumers. Consumers are increasingly using mobile devices, tablets, and laptops to wirelessly play audio on speakers. Such consumer behavior is driving the growth of Wi-Fi and Bluetooth-connected speakers. To capitalize on the growing popularity of wireless audio equipment, manufacturers such as Samsung, LG, Sony, Bose, Denon, DTS, and Qualcomm are also launching wireless audio products or platforms. Popular Wi-Fi audio equipment includes Sonos Wi-Fi speakers, Bose’s SoundTouch system, and Amazon’s Echo speakers. In September 2019, a US-based company, Sonance announced that it has agreed with James Loudspeaker to acquire James for an undisclosed amount. The deal aims to combine engineering technology to reinforce its goal of providing superior acoustic performance in products by delivering innovative approaches. James Loudspeaker is a US-based company and an innovator in both high-performance residential and commercial audio solutions. It produces products for exclusive homes, forward-thinking businesses, and upscale marine applications. Major players in the loudspeakers market are Bose Corporation, Harman International Industries, Bowers & Wilkins, Klipsch Audio Technologies, KEF, Sonance, Yamaha Corporation, Sony Corporation, Creative Technology Ltd., and Wharfedale. The regions covered in the loudspeakers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the loudspeakers market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The global loudspeakers market is segmented - 1) By Product: Soundbar, Subwoofers, In-Wall, Outdoor 2) By Type of Enclosure: Single Mounted, Multiple Mounted, Not Mounted 3) By End-User: Household, Commercial, Others

The smart speakers market consists of sales of smart speakers and related products that include Bluetooth-, Wi-Fi-enabled and wireless devices which are integrated with virtual assistant device powered by artificial intelligence. The smart speakers market consists of revenue generated through the sales of speakers with virtual assistant intelligence such as Alexa, Google Assistant, Siri, and Cortana, among others which are distributed through online or offline channels to personal and commercial users for smart home, smart office, automotive, commercial and more applications. The companies involved in the smart speakers market are engaged in designing, manufacturing, producing artificial intelligence assisted speakers which are activated with one 'hot word' using voice recognition systems to perform wide range of wireless activities. The main intelligent virtual assistant of smart speakers are Amazon Alexa, Google Assistant, Siri, Cortana and others. Google Assistant is a virtual assistant powered by artificial intelligence that is primarily available on mobile and smart home devices. The various applications of smart speakers include smart home, smart office, consumer and others that are distributed through online and offline channels. The smart speakers are used by personal and commercial end-users. The global smart speakers market size is expected grow from $6.16 billion in 2021 to $6.60 billion in 2022 at a compound annual growth rate (CAGR) of 7.1%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The smart speaker market is expected to reach $8.63 billion in 2026 at a CAGR of 6.9%. With increasing consumer preference for technologically advanced products there is a rise in penetration of smartphones and smart devices. The enhanced personal use of smart devices points at integration of smart devices with devices such as smart lightbulbs, thermostats, and TVs. The consumer interest in technologically advanced products has resulted in 205 million installed smart speakers in 2019 and reached 325 million by 2020. In 2019, Amazon could integrate LIDAR technology into Amazon Echo through which it will be able to recognize hand gestures, type of food, and even the clothes being worn. In India, in 2019 the total number of smartphones users are 502.2 million and the smartphones market is expected to gain 859 million users by 2022. Regional manufacturers are being encouraged to produce innovative and advanced products with customer interest to accept and adopt emerging technology which is expected to drive the smart speakers market. Apart from increasing consumer preference for smart speakers the major drawback that’s concerning the market is the data privacy and security. These devices have access to the personal information stored in Gmail like contact details, bank details, login credentials which raise security issues. The devices of a smart home have access to sensitive data like videos, photos, personal information which can be accessed and operated from anywhere. In 2019, a survey conducted in US states that smart speaker non-users are more concerned about data and privacy reasons like hacking risk (63%), smart speakers are always listening (55%) and monitoring by government (40%). When compared with smart speaker users, they also agreed with the above data and privacy issues similarly. These issues may hinder the market growth if appropriate development in security concerns are not addressed. Virtual assistant devices are powered by artificial intelligence which offer ultimate luxury to the owner. They keep on listening to the command, analyze the needs and performs the task when necessary. The Amazon Echo with smart assistant Alexa can be activated with voice command of one hot word “Alexa”. Siri, the Apple voice assistant provides hands-free activation with deep integration technology and high-quality virtual surround sound and exhibits features like setting timer, managing calendar events and more. Google assistant activated with “Ok Google” provides instant access to all of the Google services and the data associated with the Google account. In 2019, a survey states that Amazon Alexa/Echo dominates the US market with 70% market share followed by Google home with 25% and Apple HomePod with 5% which was largely because of the high sales of entry-level devices like Google Home Mini and Amazon Echo Dot with reasonable price. The proliferation of virtual assistance is, in turn, driving the smart speaker market. In November 2019, Sonos a US-based leading sound experience brand which allows its customers to listen better by giving access to their favorite content by controlling as they wish announced the acquisition of Snips for $37.5 million. The deal will benefit Sonos by improving the voice experience of Sonos with the addition of Intellectual Property of Snips and benefit Snips by taking its France technologies to international customers. Snips is a US-based private-by-design voice technology company which uses artificial intelligence integrated in connected devices. Major players in the smart speakers market are Amazon Inc., Apple Inc., Xiaomi, Alibaba Group Holding Limited, Sonos. Inc., Harman International, Bose Corporation, Sony Corporation, ONKYO CORPORATION, and Panasonic Corporation. Asia Pacific was the largest region in the smart speakers market in 2021. Africa is expected to be the fastest-growing region in the forecast period. The regions covered in the smart speakers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the smart speakers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global smart speakers market is segmented - 1) By Intelligent Virtual Assistant: Amazon Alexa, Google Assistant, Siri, Cortana, Others 2) By Application: Smart Home, Smart Office, Consumer, Others 3) By End-User: Personal, Commercial 4) By Distribution Channel: Online, Offline

The over the top (OTT) content streaming market consists of sales of over-the-top content streaming services and related products that provide streaming video through the internet. Examples of well-known OTT players include Apple TV, iTunes, Netflix, Roku, Hulu, Amazon among others. The main types of devices in OTT streaming are smartphones, smart TVs, laptops, desktops and tablets, gaming consoles, set-top boxes, and others. Smartphone refers to a handheld electronic device that will be providing a connection to a cellular network. The different revenue sources include AVOD, SVOD, TVOD, others and involve various user types such as commercial, personal. It is used in several sectors including E-commerce, media, and entertainment, education and training, IT and telecom, health and fitness, others. The global OTT streaming market is expected to grow from $129.67 billion in 2021 to $149.34 billion in 2022 at a compound annual growth rate (CAGR) of 15.2%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $262.28 billion in 2026 at a CAGR of 15.1%. With the increasing change in customers’ social behavior, which is shifting from traditional subscriptions to broadcasting services and to over-the-top (OTT) on-demand video and music subscriptions every year, OTT streaming in the forecast period is expected to grow at a very fast pace. Various segments of the population have started using video streaming services instead of regular television for entertainment due to added benefits such as on-demand services and ease of access. Countries such as India and China are expected to see an exponential rise in the number of content streaming users in a video on streaming and pay-per-view services. In 2020, OTT content streaming service, Netflix, expects to close the year with 4.6 million paid customers. Thus, an increase in customer base is expected to boost the growth of the OTT streaming market during the forecast period. The threat from piracy and illegal streaming is a key factor hindering the growth of the OTT (Over-The-Top) streaming market. Streaming live TV channels leads to the OTT players’ bulk of traffic. They are also subject to privacy concerns in live streaming. OTT players are finding it increasingly difficult to monitor piracy and illegal streaming with the growth of broadband. The illegal sale of video content in 2019 cost the industry $9.1bn, with analysts predicting it would hit $12.5bn by 2024. Even though Digital Rights Management (DRM), allowing copyright owners to decide how and by whom their copyright can be accessed, has always been the go-to-choice for delivering content securely and preventing piracy, the fact remains that it is often not sufficient. Motivated attackers also find ways to get information published. Therefore, the threat from piracy and illegal streaming is expected to limit the growth of the OTT streaming market. Streaming on 4K televisions is a key trend in the OTT (Over-The-Top) streaming market. A 4K resolution is typically 3,840x 2,160 pixels and is also known as UHD or Ultra-High Definition. This is the highest level of high-definition video quality available to film, television, and sports viewers these days. Nowadays most of the latest TVs are 4K compliant. They are extremely costly but for under $1,000 (or even under $500) we can find a decent 4K TV. Major streaming services such as Netflix, Disney+, and Amazon Prime Video have included premium 4K and 4K content in their services. FuboTV launched its first live- TV to provide coverage in 4K with HDR. The only sports that take advantage of this improved visual quality were World Cup matches, but later the company added some NCAA football matches in 4K. In March 2019, The Walt Disney Company, a media, and entertainment conglomerate acquired 21st Century Fox for $71 billion and now owns Hotstar. Through this acquisition, Hotstar is now rebranded as Disney+Hotstar localizing Disney+ movies and shows by dubbing or adding subtitles in Indian languages. Hotstar is an over-the-top streaming service owned by Novi Digital Entertainment, a subsidiary of Star India. Major players in the OTT streaming market are Facebook, Netflix, Amazon, Microsoft, Google, Apple, Hulu, Tencent, Rakuten, and YouTube. Asia Pacific was the largest reegion in the OTT market in 2021. The Middle East is expected to be the fastest growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the OTT streaming market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global OTT Streaming market is segmented - 1) By Device Type: Smartphones, Smart TVs, Laptops, Desktops and Tablets, Gaming Consoles, Set-Top Box, Others 2) By Revenue Source: AVOD, SVOD, TVOD, Others 3) By User Type: Commercial, Personal 4) By End-User: E-commerce, Media and Entertainment, Education and Training, IT and Telecom, Health and Fitness, Others

The smart homes devices market consists of sales of smart home appliances and devices. Smart home devices are controlled remotely from any internet-connected place in the world using a mobile or any other network device. Appliances of the smart homes are interconnected in such a manner that the user gets the access to control the functions such as security check to the home, temperature, lighting, and home theatre. The technologies used in smart homes devices are Wi-Fi technology, Bluetooth technology. The wireless technology that connects computers, tablets, smartphones, and other devices to the internet is known as Wi-Fi technology. Wi-Fi is a radio signal transmitted from a wireless router to a nearby device, which converts the signal into data that can be seen and used.. The smart homes devices are applied in energy management, climate control system, healthcare system, home entertainment system, lighting control system, security & access control system and sold through online, offline channels. The global smart home devices market size is expected to grow from $78.44 billion in 2021 to $92.48 billion in 2022 at a compound annual growth rate (CAGR) of 17.9%. The change in the smart homes device market growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2021. The market is expected to reach $176.10 billion in 2026 at a CAGR of 17.5%. The rise in the need to save energy and decrease carbon emission drives the smart home devices market. This increase in the need for sustainable solution has been initiated by strict government regulations that introduced a cap on maximum carbon emissions allowed for each company. Conventional devices continuously use electricity until someone turns them off. However, in the case of smart home devices, they are equipped with motion sensors which can detect the absence of people in the room for given time and automatically turn off, thus saving money and electricity. Saving unnecessary usage of electric devices and decreasing the power demand on the power plants help reduce carbon emission. For example, according to a study in Europe in 2021, smart building technology can save up to 23% of the energy use in office buildings. High switching costs restrains the smart home device market growth. The cost of smart appliances is high and involves other upfront costs like installation and maintenance cost as well. The high cost obstructs adoption and acceptance of smart devices by the customers including many organizations. According to the survey released by Parks Association in 2021, 44% of the households of the 46.7 million household participants stated that the smart devices are too expensive. Moreover, a smart thermostat in the USA costs around $250 whereas the traditional thermostat cost around $25. The cost factor influences the market negatively. Companies are developing voice assistants to control smart home devices. Voice assistants are digital assistants that react to voice commands and reply with relevant information. They are different from the traditional keyboard-based searches. They put more focus on the conversational phrasing of any content and prioritize the long tail keywords for any search. For example, Amazon and Google have launched their own voice assistants in their respective smart speakers. Amazon has launched Alexa Voice Assistant in its Echo smart speaker while Google has launched 'Google Assistant' voice assistant for its Google Home smart speaker. The smart home devices are regulated by government bodies such as National Institute of Standards and Technology (NIST), European Telecommunications Standards Institute (ETSI), and others. The ETSI Cybersecurity Technical Committee (TY Cyber) released ETSI TS 103 645 standard to keep a security baseline for all the internet user product. The standard states that the IoT/Smart Home devices must make it easy for consumers to delete their personal data when there is transfer of ownership. The standard also requires the implementers to stop using universal default passwords as this give rise to a large number of security issues. It also allows the security researchers to report any kind of security flaw in the IoT/Smart Home devices. In May 2021, Level Home announced the acquisition of Dwelo, a smart home startup for $100 million. With the acquisition of Dwelo, Level Home will be able to offer a seamless of thoughtfully hardware with a powerful SaaS platform that gives residents incredible command, convenience and new abilities. Level Home create smart home products based in US, established in 2016. Major players in the smart homes devices market are ABB Ltd, General Electric Company, Johnson ControlsInc., Siemens AG, Schneider Electric SE, Honeywell International, LG Electronics, Emerson Electric Corporation, BSH Hausgerate GmbH, and Amazon Inc. The regions covered in the smart home device market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the smart home devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global smart home devices market is segmented - 1) By Technology: Wi-Fi, Bluetooth 2) By Application: Energy Management, Climate Control System, Healthcare System, Home Entertainment System, Lighting Control System, Security and Access Control System 3) By Sales Channel: Online, Offline

Household Appliances Market Definition

The household appliances market consists of sales of household appliances by entities (organizations, sole traders and partnerships) that produce household appliances such as electric housewares, washing machines and major household appliances. The household appliances industry comprises businesses that manufacture and sell household appliances such as microwave ovens, blenders, mixers and coffee/tea makers to end users for their personal use or domestic purposes.