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Worldwide Connected Living Room Market Analysis and Forecasts 2020-2027: A US$989.4 Million Market

·3 mins read

DUBLIN, Sept. 21, 2020 /PRNewswire/ -- The "Connected Living Room - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

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Amid the COVID-19 crisis, the global market for Connected Living Room estimated at US$658.9 Million in the year 2020, is projected to reach a revised size of US$989.4 Million by 2027, growing at a CAGR of 6% over the analysis period 2020-2027. Sensors, one of the segments analyzed in the report, is projected to grow at a 6.8% CAGR to reach US$274 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Thermostats segment is readjusted to a revised 4.5% CAGR for the next 7-year period. This segment currently accounts for a 7.9% share of the global Connected Living Room market.

The Connected Living Room market in the U. S. is estimated at US$190.5 Million in the year 2020. The country currently accounts for a 28.91% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$182.2 Million in the year 2027 trailing a CAGR of 9.3% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.3% and 5.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR while Rest of European market (as defined in the study) will reach US$182.2 Million by the year 2027.

In the global Cameras segment, USA, Canada, Japan, China and Europe will drive the 4.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$64.1 Million in the year 2020 will reach a projected size of US$86.8 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$136.2 Million by the year 2027, while Latin America will expand at a 5.9% CAGR through the analysis period.

The report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:

  • Eaton Corporation PLC

  • General Electric Company

  • Rockwell Automation, Inc.

  • Samsung Electronics America, Inc.

  • Schneider Electric SA

  • Siemens AG

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Impact of Covid-19 and a Looming Global Recession

  • Global Competitor Market Shares

  • Connected Living Room Competitor Market Share Scenario Worldwide (in %): 2018E

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/ughki7

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View original content:http://www.prnewswire.com/news-releases/worldwide-connected-living-room-market-analysis-and-forecasts-2020-2027-a-us989-4-million-market-301134764.html

SOURCE Research and Markets