Home Entertainment - Estonia
Estonia- The Home Entertainment market in Estonia is set to experience a significant boost in revenue, with projections indicating that it will reach US$25.3m in 2024.
- This growth is expected to continue at a steady pace, with an annual growth rate (CAGR 2024-2028) of 6.70%.
- As a result, the market volume is estimated to reach US$32.8m by 2028.
- Within the Home Entertainment market, the number of active households is predicted to steadily increase over the years, reaching its peak at 50.8k users by 2028.
- This indicates a promising market potential for the industry in Estonia.
- When considering household penetration, it is projected to be 5.3% in 2024, showing that a small percentage of households in Estonia have adopted Home Entertainment market products.
- However, this figure is expected to decline to 50.8k users by 2028, suggesting a potential shift in consumer preferences or market saturation.
- Currently, the average revenue per installed Smart_Home in Estonia is estimated to be US$752.80.
- This value signifies the average amount of revenue generated from each Smart_Home installation in the country.
- In a global comparison, it is noteworthy that 0.0 leads the pack in terms of revenue generation within the Home Entertainment market.
- In 2024, 0.0 is projected to generate a staggering 0.0 in revenue.
- This highlights the dominance of the US market in the industry, both in terms of revenue and market share.
- Estonia's home entertainment market is experiencing a surge in demand for smart TVs and streaming services.
The Smart Home market Home Entertainment comprises the sale of products and services 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.
In-Scope
- Digitally connected and controlled devices for entertainment purposes
- Various multiroom entertainment systems (audio and/or video) with a primary focus on entertainment
- Streaming devices (e.g. Amazon Fire TV stick, Google Chromecast)
- Entertainment remotes
Out-Of-Scope
- 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)
