Technavio market research analysts foresee positive growth for many segments of the consumer electronics industry in the next five years. In their recent findings, Technavio talks about three booming markets under the consumer electronics industry that are anticipated to generate significant revenues and grow at a consistent rate during the forecast period.
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GLOBAL TV MARKET 2017-2021
Consumer electronics remains one of the dominant segments of the manufacturing industry. New technologies and innovations, rising income levels, and growing population have stimulated demand for consumer electronics such as TV. The growth of the TV market is promising, owing to the rapidly evolving technology such as the adoption of Ultra HD TVs, also known as the 4K TV. The growing awareness about the trending technology is likely to drive the global TV market during the forecast period. Besides, vendors in the market are increasing their R&D investments to cater to the demand for improved display resolution and are enhancing their value proposition. Moreover, the availability of online 3D content is further motivating the individuals to own high-end TVs that support 4K and 3D content, which is expected to drive the growth of the market in both developed and developing countries. Request a sample report
Global Channel-in-a-Box Market 2016-2020
Robust development in the broadcast industry has given rise to various TV channels along with content delivery across global platforms. Factors such as lack of content, delivery platforms, and availability of other services, such as OTT (over-the-top) has led the broadcasters to adopt Channel-in-a-Box. CiaB helps to automate the broadcasting and playout process with minimal resources, thereby increasing their profit levels. TV channel box solutions also allow broadcasters to utilize existing IT infrastructure to run the broadcasting software.
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The scope for technological development in the market is high as CiaB is one of the latest innovations in playout automation technology. However, to fully support the automation of the existing playout process, the evolution of server technology is expected to bring in scalability in CiaB. Moreover, vendors like Playbox Technology are providing features such as remote automated playout, which enable monitoring and operation of broadcasting channels from a remote location. Technavio expects such innovations to boost the CiaB market during the forecast period. Request a sample report
GLOBAL SPEAKER MARKET 2016-2020
The global speaker market experienced the high growth of home audio speakers, which consist of soundbars and home theater systems. With the rapid evolution of technology such as cloud services and portable Bluetooth speakers, the speaker market is expected to continue to grow during the forecast period. The growth can be attributed to the rise in a number of smart homes globally.
Moreover, with the upsurge in technologies such as advanced wireless surround sound technology, consumer preferences are changing, which has propelled the demand for speakers worldwide. In 2015, the Americas dominated the global speaker market, accounting for a revenue share of around 44%. Technavio expects the region to continue to dominate the market during the forecast period. Request a sample report
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- Global Bluetooth Speaker Market 2016-2020
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