Home Entertainment - Papua New Guinea
Papua New Guinea- The projected revenue in the Home Entertainment market in Papua New Guinea is expected to reach US$1.4m in 2024.
- This revenue is anticipated to grow at an annual rate of 11.01% (CAGR 2024-2028), resulting in a projected market volume of US$2.1m by 2028.
- Furthermore, it is estimated that the number of active households in the Home Entertainment market will amount to 59.4k users by 2028.
- The household penetration rate, which currently stands at 1.6%, is expected to increase to 2.7% by 2028.
- At present, the average revenue per installed Smart_Home is projected to be US$42.64.
- When compared globally, it is worth noting that 0.0 generates the highest revenue in the Home Entertainment market, amounting to 0.0 in 2024.
- Papua New Guinea is experiencing a surge in demand for home entertainment systems, driven by a growing middle class and increased access to technology.
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)
