Haier

Growth of smart homes drive home theaters market

The global home theaters market is expected to grow at a CAGR of 8.04 percent during the period 2018–2022. One driver in the market is growth of smart homes. Smart homes are equipped with connected devices that communicate with each other and provide enhanced consumer experience. Vendors are offering enhanced home theatre systems equipped with assistant functionalities for smart homes. One trend in the market is demand for customized home theater systems.

The growing demand for customized home theatre systems will drive the growth of the home theatres market. Few manufacturers offer customized home theatre systems at premium prices. One challenge in the market is the high cost of home theater systems. The high cost will hinder their adoption. The availability of inexpensive stand-alone speaker systems will pose a challenge to the market growth.

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