AV Receiver Market Size and Global Industry Growth by 2028

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AV Receiver Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Channel  (channel 5, channel 7, channel 9, and others) Application (Residential and commercial)

Publication Month: Feb 2022 | Report Code: TIPRE00027335 | No. of Pages: 138 | Category: Electronics and Semiconductor | Status: Published

The AV Receiver Market is projected to reach US$ 2,616.44 million by 2028 from US$ 1,999.88 million in 2021; it is expected to grow at a CAGR of 3.9% from 2021 to 2028.

An AV receiver is an electronic device that receives and amplifies an audio signal so that it can drive speakers and screens in a home theatre. A receiver serves as the hub for a home theatre system's audio & video connections. Since the development of home entertainment, the receiver's role has grown. A variety of digital audio streams can be handled by today's AV receivers. The connectivity, power, video processing, decoders and formats, audio features, and integration capabilities of AV receiver devices on the market differ. Some of the major factors of difference between AV receiver devices offered by different vendors in the market include the number of HDMI inputs, signal-to-noise ratio (S/N ratio), power output, sound quality, channels, surround sound, and connectivity with other devices. Vendors are also including features like Bluetooth, built-in Airplay, Wi-Fi, and, as well as Audyssey Multi EQ, Dolby Digital, DTS – HD, upscaling, 4K Resolution, and 3-D compatible AV receivers.

The AV receiver market is driven by rapid advancements in home audio technology and rising demand for high-quality audio systems. The demand for home theater systems and AV receiver has increased due to technological trends, such as the digital living room. The rising necessity for AV receivers is also associated with reduced prices of home theaters across the globe. Low-cost alternatives pose a threat to the home audio device industry, thereby restricting the growth of the global AV receiver market.

The global AV receiver market is moderately fragmented with the presence of a large number of players. Cost, audio quality, number of channels, and surround sound format are a few of the factors that several manufacturers use to differentiate themselves. Additional capabilities, including integrating virtual assistance device compatibility into AV receivers, are incorporated by the market players. AV receiver manufacturers are also adopting strategies, such as mergers & acquisitions and new product development, to grow their product portfolio and brand reach.

Strategic Insights

Report Coverage - AV Receiver Market
Report CoverageDetails
Market Size Value inUS$ 1,999.88 million in 2021
Market Size Value byUS$ 2,616.44 million by 2028
Growth rateCAGR of 3.9% from 2021 to 2028
Forecast Period2021-2028
Base Year2021
No. of Pages138
No. of Tables56
No. of Charts & Figures72
Historical data availableYes
Segments coveredChannel and Application
Regional scopeNorth America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country scopeUS, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
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– AV Receiver Market


Impact of COVID-19 Pandemic on AV Receiver Market

The global economy was severely impacted by various limitations and restrictions owing to the onset of the pandemic. The global consumer electronics industry was severely hit and experienced a decline of more than 6 percent in overall sales due to severe supply chain disruption caused by imposed lockdowns, thereby lowing the demand for AV receivers. The residential segment however experienced a rise in demand in European countries. But the demand could not be fulfilled due to supply chain issues and challenges for the manufacturers. These factors negatively impacted the growth of the market. COVID-19 has compelled manufacturers to streamline their production processes to tackle unexpected disruption and resolve uncertain challenges like physical distancing. However, the global AV receiver market is again expected to retain a positive growth from 2021, according to the market research study.

Lucrative Regions for AV Receiver Market

Lucrative Regions for AV Receiver Market

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Market Insights – AV Receiver Market

The market for AV receiver devices is being driven by rapid advancements in home audio technology and rising demand for high-quality audio systems. The demand for home theatre systems and consequently AV receiver devices has increased because of technology trends such as the digital living room. The rising demand for AV receivers have also been assisted by falling prices of home theatre across the globe. Low-cost alternatives, on the other hand, pose a threat to the home audio device industry, thereby, restricting the growth of the global AV receiver market.

Channel-Based Insights

Based on channel, the global AV receiver market is sub-segmented into channel 5, channel 7, channel 9, and others.  The Channel 7 segment accounted for the highest share in the global AV receiver market and is also expected to grow with the highest CAGR over the forecast period owing to rise in adoption of the same form the residential sector for connecting several in home entertainment solutions like home theaters and gaming consoles.

Based on application, the AV receiver market is segmented into residential and commercial. The residential segment accounted for the highest share the global AV receiver market in 2020, and it is also expected to grow with the fastest CAGR over the forecast period. This growth is owing to the rising investment by the manufacturers to develop several product offerings based on customer requirements and offering customized systems for their living rooms and apartments.

 

Players operating in the AV Receiver Market are mainly focused on the development of advanced and efficient products.

  • In January 2021, Yamaha Music India Pvt. Ltd. launched two new A/V receivers for the Indian market. The RX-V6A and RX V4A audio/video receivers were launched by the company which supports 8K, HDMI 2.1, and HDR10+. The RX-V4A model supports 5 channels, whereas the RX-V6A model supports 7 channels. 
  • In November 2020, Anthem Inc., introduced its all-new MRX 540, 740, and 1140 A/V Receivers, AVM 70 and 90 A/V Processors, and MCA 225, 325, and 525 Power Amplifiers. These new enhancements, which include industry-leading room correction, professional management of the newest audio formats, and strong integration, will enable the company to continue setting the standard for excellent performance in a budget-friendly manner.

Frequently Asked Questions

The AV receiver market is driven by rapid advancements in home audio technology and rising demand for high-quality audio systems. The demand for home theater systems and AV receiver has increased due to technological trends, such as the digital living room. The rising necessity for AV receivers is also associated with reduced prices of home theaters across the globe
Major requirements for gaming receivers are lag reduction, multiple channels, easy connectivity, and high graphic quality. With the rising number of live gaming streamers across the world, the AV receiver manufacturers are focusing on product development to cater to the gaming sector. For instance, Onkyo TX-NR696 provides excellent sound and a wide range of connectivity, including support for 4K/120Hz gaming consoles. Thus, rising investments by the AV (audio/video) receiver manufacturers to develop AV receivers compatible with gaming consoles are expected to create lucrative opportunities for the global AV (audio/video) receiver market during the forecast period.
Based on channel, the global AV receiver market is sub segmented into channel 5, channel 7, channel 9, and others. The Channel 7 segment accounted for the highest share in the global AV receiver market and is also expected to grow with the highest CAGR over the forecast period owing to rise in adoption of the same form the residential sector for connecting several in home entertainment solutions like home theaters and gaming consoles
APAC dominated the AV receiver market in 2020 and it would continue to dominate the market during the forecast period till 2028. North America is the second-largest contributor to the global AV receiver market, followed by Europe.
The major companies in AV receiver market includes Arcam, Anthem Inc., LG Electronics, Marantz, Onkyo Corporation, Pyle Audio, Yamaha Corporation, Sony Corporation, NAD Electronics, and Audio Control
Based on application, the AV receiver market is segmented into residential and commercial. The residential segment of the global AV receiver accounted for the highest share and is also expected to grow with the highest CAGR over the forecast period. This growth is owing to the rising investment by the manufacturers to develop several product offerings based on customer requirement and offering customized systems for their living rooms and apartments.

The List of Companies AV Receiver Market

  1. Arcam
  2. LG Electronics
  3. Marantz
  4. Pyle Audio
  5. Yamaha Corporation
  6. Sony Corporation
  7. Onkyo Corporation
  8. NAD Electronics
  9. Anthem
  10. Audio Control Inc.
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the global AV receiver market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the global AV receiver market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
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