In recent years, the smart home entertainment devices market has grown rapidly. According to Statista, in 2016, the global market for Smart Home Entertainment solutions reached US$3.1 billion. The US market was the largest with a revenue of US$1.9billion.
In the US market, the market grows 24% annually, and the global market is expected to grow to US$14.2 billion in 2021. In China, the grow is expected to be the strongest with revenues to reach US$3.3 billion in 2021.
The Smart Entertainment devices are connected to the internet, the forecast is that if devices in different rooms at home can be connected, and people have the ability to control devices with a smartphone, then the products and services in Smart Home space will expand and more integrated solutions between devices will emerge.
One great thing that we would certainly see is less devices need to be wired as they are connect via internet.
Image source: statista