Global digital home entertainment market to reach $176.3 billion by 2018

QUEBEC, CANADA: ELECTRONICS.CA PUBLICATIONS, the electronics industry market research and knowledge network, announced the availability of a new report entitled "Digital Entertainment in the Home: Technologies and Global Markets".

This report examines technologies, markets, and factors influencing the markets for integrated entertainment systems-ones that integrate the controls of various subsystems. It provides analyses of global market trends, with data from 2012 and 2013, and projections of CAGRs through 2018.

According to a new technical market research, the global digital home entertainment systems market was valued at nearly $147.4 billion in 2012 and increased to $150.9 billion in 2013. The market is expected to grow to $176.3 billion by 2018, and register a five-year compound annual growth rate (CAGR) of 3.2 percent from 2012 to 2018.

The shift from analog to digital and from modem to broadband access have combined with the development of powerful chips, new storage and output technologies and the emergence of new platforms and standards to drive a revolution in home entertainment. Increasingly, consumers are gaining more entertainment choices: TV, gaming, Video-on-Demand. They also are able to view that content on multiple devices: PCs, gaming stations, mobile devices.

Rising incomes and standards of living have combined with technical advances to increase the attractiveness of technologies that promise to enhance the owner's quality of life. Additionally, the declining cost and complexity of new home entertainment products are helping to attract new buyers. Until recently, the cost of quality home entertainment components was prohibitive for all but the enthusiast market.

Today, volumes are rising and prices are dropping. In fact, the cost of installation labor and the expense of educating electricians in this field are becoming the most inhibiting factors. Other developments are helping to reduce installation costs, including the growing use of standards-based wireless technologies that allow home entertainment devices to integrate seamlessly and minimize the need for special wiring to connect them.

Growing incomes, technological advances and standardization, as well as national and global regulatory measures and environmental concerns will shape significant growth in this market for the foreseeable future.