If you look around you, how many people do you know who own a “proper” HiFi or HT setup vs. all the people you know, regardless of age? In my case, very few. When I ask them about what they have, most just don’t care as they find their basic gears good enough for their taste and use. The demographics is already small and it may not change that much over time. As mentioned, basic audio and video gears have become so good that most people will bother even less to invest into specialty equipment against the law of diminishing returns. I am more worried for the consumer electronic industry as they are reaching the top of the upgrading curve. There is no more HD audio format that can improve what we can hear and there is no more increase in pixel density that can improve what we can see. The next step will be to improve our ears and eyes with cyber implants! Frankly, most people are happy with a monaural sound that fill the room. For them, the sound bar is as far as they will go. What people buy in quantity is content, not gears, and now they do not even buy, they rent. Get Spotify and Netflix and you are covered with unlimited content for a very low price. Quantity over quality, like all the apps that are available for your smartphone. Then you need the gears to access this content wherever you are. People were spending less and less time home before Covid-19. When the epidemic is over we will all be too happy to get out and enjoy moving around even more. Earphones and mobile speakers are probably going to become more prevalent for mainstream consumers with their ability to merge seamlessly with home based equipment to create a flexible AV system. Home automation may be of limited appeal for most. Either you own a large house and it will be a costly affair, or you live in a small place and it is not too much effort to move to press that button or pull the curtains. A proper automation system requires a lot of programming, prone to bugs and failures, that will lead to much frustration. The younger generation has a KISS mindset and won’t bother with that. They are more into tiny houses than in posh villas. And then there will be the niche market with boutique brands of high end products, just because people develop an interest in specific areas, like vinyl or cinema, and they want to go deep into that experience while also showing off their passion. That means putting their gears on display.