Home Entertainment - Mauritius | Statista Market Forecast

Revenue in the Home Entertainment market is projected to reach US$440.9k in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 10.68%, resulting in a projected market volume of US$732.3k by 2029.
In the Home Entertainment market, the number of active households is expected to amount to 17.2k users by 2029.
Household penetration will be 3.2% in 2024 and is expected to hit 5.9% by 2029.
The average revenue per installed Smart Home currently is expected to amount to US$48.51.

Definition:

Home Entertainmentmarket comprises the sale of products for multi-room entertainment (e.g., sound systems) as well as connected remote controls and streaming devices (e.g., Amazon Fire TV stick, Google Chromecast).
General, freely programmable buttons and switches (see Control & Connectivity) or light bulbs for different lighting scenarios (see Comfort & Lighting) are not included. Smart TVs are also not considered here because their functions are, in most cases, not directly controlled via the Internet but networking is primarily used for the retrieval of media content.

Additional Information:

The market comprises revenue, average revenue per smart home, number of smart homes so as the household penetration rate by smart home, and key players. Figures are generated through both online and offline sales channels and include exclusive spending by consumers (B2C). Market leaders include Amazon, Google, Harman Kardon, Samsung, Bose, and other brands renowned for their innovation, brand recognition, and expansive distribution channels within their respective categories. For more information on the data displayed, use the info button right next to the boxes.

Digitally connected and controlled devices for entertainment purposes
Various multiroom entertainment systems (audio and/or video) with a primary focus on entertainment (e.g., Juke 6& 8, Sonos Era 100 Arc 5.1 Heimkino Set)
Streaming devices (e.g., Amazon Fire TV stick, Google Chromecast)
Entertainment remotes

Classical entertainment devices without smart home connection
Smart TVs and receivers without smart home integration
Smart speakers with a primary focus on Control & Connectivity (Amazon Echo, Google Home etc.)
B2B/C2C sales of any kind (e.g. to hotels or office buildings)

The Home Entertainment market in Mauritius is experiencing significant growth and development.

Customer preferences: Customers in Mauritius are increasingly seeking out home entertainment options that provide convenience, variety, and high-quality experiences. With the rise of streaming platforms and digital content, there is a growing demand for on-demand entertainment services that allow users to access a wide range of movies, TV shows, and music from the comfort of their own homes. Additionally, customers are looking for devices and technologies that offer seamless connectivity and integration with their existing home entertainment systems.

Trends in the market: One of the key trends in the Home Entertainment market in Mauritius is the shift towards streaming services. Streaming platforms such as Netflix, Amazon Prime Video, and Disney+ have gained popularity among consumers, offering a vast library of content that can be accessed anytime and anywhere. This trend is driven by the increasing availability of high-speed internet connections and the growing adoption of smart TVs and mobile devices. Another trend in the market is the increasing demand for home theater systems. Customers are investing in high-quality audio and visual equipment to create immersive entertainment experiences in their homes. This trend is fueled by advancements in technology, such as 4K Ultra HD and Dolby Atmos, which offer enhanced picture and sound quality.

Local special circumstances: Mauritius is a small island nation with a high population density, which presents unique challenges and opportunities for the Home Entertainment market. The limited physical space in homes and apartments has led to a preference for compact and space-saving entertainment solutions. As a result, there is a growing demand for soundbars, wireless speakers, and other compact audio devices that can deliver high-quality sound without taking up too much space. Furthermore, the multicultural nature of Mauritius has influenced customer preferences in the Home Entertainment market. There is a demand for content in multiple languages, including English, French, Creole, and Hindi. Streaming platforms and digital content providers that offer a diverse range of language options are well-positioned to cater to this market.

Underlying macroeconomic factors: The growth of the Home Entertainment market in Mauritius is supported by several macroeconomic factors. The country has experienced steady economic growth in recent years, which has led to an increase in disposable income and consumer spending. This has allowed more individuals and families to invest in home entertainment systems and services. Additionally, the government of Mauritius has been proactive in promoting the development of the technology and media sectors. This includes investment in infrastructure, such as high-speed internet connectivity, as well as the implementation of policies and regulations that support the growth of the digital economy. These initiatives have created a favorable environment for the Home Entertainment market to thrive. In conclusion, the Home Entertainment market in Mauritius is evolving to meet the changing preferences and demands of customers. The rise of streaming services, the demand for high-quality audiovisual experiences, and the unique local circumstances are driving the growth and development of the market. With the support of favorable macroeconomic factors, the Home Entertainment market in Mauritius is expected to continue its upward trajectory.

Data coverage:

The data encompasses B2C enterprises. Figures are based on the sales of smart home products, excluding taxes.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on a specific rationale for each market category. As a basis for evaluating markets, we use the Statista Global Consumer Survey, market data from independent databases and third-party sources, and Statista interviews with market experts. In addition, we use relevant key market indicators and data from country-specific associations, such as household internet penetration and consumer spending for households. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting innovative products due to the non-linear growth of technology adoption. The main drivers are GDP/capita, level of digitization, and consumer attitudes toward smart home integration.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated once a year, in case market dynamics change we do more frequent updates.

This report presents a comprehensive analysis and additional information on the Consumer market, in a PDF format.

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