The US home entertainment devices market is anticipated to grow at a CAGR of around 5% during the forecast period. Increasing usage of OTT (over-the-top) media services, rising adoption of connected devices, and changing consumer lifestyles have led to increased consumer spending on entertainment devices in the US. As the growth of video streaming continues to flourish, the entertainment devices industry is expected to hit a new high in the US. With the imposition of lockdown due to the COVID-19 pandemic, most individuals are staying at home and turning to home entertainment devices for their indulgences.  

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The US home entertainment devices market is segmented on the basis of product type and distribution channels. Based on the product type, the home entertainment devices market is segmented into audio devices, video devices, and gaming consoles. The boom of new video devices such as smart hubs and audio devices including wireless music systems have taken the entertainment industry to a new horizon. As well as the introduction of new gaming consoles including the new PlayStation 5 has created a new buzz in the home entertainment industry, with individuals inclined towards these devices. These trends are likely to stimulate market growth in the US.

Based on the distribution channel, the market is segmented into in-store and online. The in-store or offline medium of sales is dominating the market share by a big difference. However, as more and more consumers are getting familiar with the processes and interface of the online space, more individuals are ordering their products from e-commerce platforms. During the forecast period, e-commerce space is expected to witness record-breaking growth for the entertainment devices market.

The electronic goods giants such as Amazon Inc., Apple Inc., Harman International Industries, Inc., and Microsoft Corporation, among more, reside in the US. These companies have been experiencing unusually strong traffic and sales, particularly in its stores for same-day services due to the outbreak of the COVID-19. With individuals stuck at home, they are turning towards entertainment devices and hence increasing the entertainment devices industry.

Research Methodology

The market study of the US home entertainment devices market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity in our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. US Home Entertainment Devices Market Research and Analysis by Product Type
2. US Home Entertainment Devices Market Research and Analysis by Distribution Channel

The Report Covers

• Comprehensive research methodology of the US home entertainment devices market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the US home entertainment devices market.
• Insights about market determinants which are stimulating the US home entertainment devices market.
• Detailed and extensive market segments with the regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.