Globally, revenue in the home entertainment segment is projected to reach $12.2bn this year, with an expected annual growth rate (CAGR) of 12.1% between 2020-2025.
The smart home entertainment industry in the UAE is expected to reach $102mn by 2022, according to industry data provided by Statista. Private cinemas and gaming area at home are a growing trend in the country and DG+, a standalone concept by Sharaf DG, expects this trend to grow.
Globally, revenue in the home entertainment segment is projected to reach $12.2bn this year, with an expected annual growth rate (CAGR) of 12.1% between 2020-2025, resulting in a projected market volume of $21.5bn by 2025.
The data from Statista also explains that the home entertainment segment already enjoys a household penetration of 6.3%, which is expected to hit 14.1% by 2025.
DG+ caters to customers looking for end-to-end audio-visual solutions and installations for various applications within their homes, offices and commercial spaces.
Commenting on the growing demand, AS Pillai, Senior GM, DG Business said: “UAE homes and apartments are among the best in the world for design and luxury, and our customers want their residence to stand out. Having bespoke home theatre, music lounge and gaming zone are on top of their list. We have been designing and bringing world-class products and solution to the UAE for 13 years. We understand what our customers need, and working with global partners, we reverberate premium entertainment experience into the comfort of their homes.”
He added: “The trend is very much here, this year we have seen a double-digit growth within the business. We have been catering to high net-worth clients and celebrities in the region for several years. Our premium brands are the world’s best in replicating true cinematic experience at home. Our exquisite hand-crafted stereo brands give the feeling of a live Orchestra played individually for unrivalled entertainment. Our partner brands include Denon, Marantz, Polk Audio, Definitive Technology, Kef, Bowers & Wilkins and more.”
