Home Entertainment - Namibia
Namibia- The Home Entertainment market in Namibia is projected to achieve a revenue of US$544.1k in 2024.
- It is expected to demonstrate a steady annual growth rate (CAGR 2024-2028) of 11.24%.
- As a result, the market volume is estimated to reach US$833.3k by 2028.
- In terms of active households, the Home Entertainment market is anticipated to have approximately 21.6k users households by 2028.
- The household penetration rate, which currently stands at 2.0% in 2024, is projected to increase to 3.4% by 2028.
- The average revenue per installed Smart_Home is expected to be US$46.07.
- When comparing in Namibia to other countries globally, it is worth noting that 0.0 generates the most revenue in the Home Entertainment market, with an estimated revenue of 0.0 in 2024.
- Namibia's home entertainment market is experiencing a surge in demand for high-definition televisions 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)
