AV Receiver Market Growth, Analysis, and Forecast by 2031

The AV Receiver market size is projected to reach US$ 2.92 billion by 2031 from US$ 2.15 billion in 2023. The market is expected to register a CAGR of 3.9% during 2023–2031. Immersive audio technologies and integration with voice assistants are likely to remain a key trend in the market.

AV Receiver Market Analysis

The electronic part that powers and directs your home theater experience is called an A/V receiver. The center of a home theater system is unquestionably the AV receiver. It receives signals from several sources, both audio and visual, and routes them to the appropriate outputs. For instance, when an AV receiver and Blu-ray player are connected via HDMI to transmit both audio and video data, the AVR routes the audio signals to the speaker system and the video signal to the associated display (TV or projector). AV receivers of today are capable of much more than just audio signals. The AV receiver can be thought of as a home theater system's brain or central processing unit. In terms of entertainment alternatives for your home theater setup, you would be very restricted without it. Without an AV receiver, the home cinema experience would be lackluster and boring. In addition to making movies come to life, it makes managing your priceless AV components simple.

AV Receiver Market Overview

This is a product-driven market for home audio and video. Additionally, it has changed significantly from year to year as new residents try to utilize their new areas in various ways. AV receivers are one of the vital components in these systems. The receiver is the cornerstone of a contemporary home theater system. The AV receiver in a home theater system offers a variety of surround sound processing options, including cutting-edge immersive audio codecs like DTS:X and Dolby Atmos, as well as numerous high-resolution source switching. It also supplies electricity to a system's speakers of them.

AV Receiver Market: Strategic Insights

AV Receiver Market Drivers and Opportunities

Advancements in Surround Sound to Favor the Market

Home theater has been revitalized by the quick uptake of object-based surround sound and codecs like DTS:X and Dolby Atmos. A resurgence in surround sound is underway, driven by the market's overall shift to immersive audio. The usage of immersive audio is expanding as more live music venues, theaters, museums, and other commercial contexts adopt it. When it comes to home theater, AV receivers offer an unmatched and reasonably priced way for people to enjoy immersive audio in the comfort of their living room, including object-based surround sound formats like Dolby Atmos. AVRs are also preparing for the future by utilizing the newest technology, such as HDMI 2.1, 8K, and HDR10+.

Technological Advancements

The AV receiver market is undergoing rapid development of modern trends and technology, as demonstrated by the increasing number of new options available to modern users who are shifting away from old media. With the help of embedded technology, high-speed Internet, and frequent software upgrades, the typical individual may now easily access a remarkable variety of high-quality materials. Additionally, artificial intelligence is collaborating closely with electronics, particularly contemporary receivers, to develop potent tools for producing incredible sound effects that provide listeners with never-before-seen convenience and use in home entertainment systems. This is creating opportunities for the market growth.

AV Receiver Market Report Segmentation Analysis

Key segments that contributed to the derivation of the AV Receiver market analysis are channel and application.

• Based on the channel, the AV Receiver market is divided into channel 5, channel 7, channel 9, and others. The channel 7 segment held the largest share in 2023.
• Based on the application, the market is divided into residential and commercial.

AV Receiver Market Share Analysis by Geography

The geographic scope of the AV receiver market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.

North America holds a significant share of the AV Receiver market in 2023. A high level of disposable income allows consumers in this region to invest heavily in home entertainment systems, including AV receivers. The region is also more technologically advanced and more mature when technology such as AV receivers is considered. This is driving the North America market growth.

AV Receiver Market Regional Insights

The regional trends and factors influencing the AV Receiver Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses AV Receiver Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

AV Receiver Market Report Scope

AV Receiver Market Players Density: Understanding Its Impact on Business Dynamics

The AV Receiver Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

AV Receiver Market News and Recent Developments

The AV Receiver market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the AV Receiver market are listed below:

• ARCAM is announcing that all current models in the range – AVR10, AVR20, AVR30, and AV40 – will be upgradable to HDMI 2.1 in Q4 of 2021. ARCAM’s latest AVR models already represent state-of-the-art features and performance including high-resolution HDMI 2.0 4K UHD switching capability. Designed from the beginning with upgradability in mind, today, ARCAM is announcing that all current models in the range – AVR10, AVR20, AVR30, and AV40 – will be upgradable to HDMI 2.1 in Q4 of 2021. (Source: ARCAM, Press Release, April 2021)
• Yamaha Unveils Next-Gen AV Receivers, Featuring Multiple 8K Inputs, New Look and Immersive Technology. The new RX-V line is positioned to support the latest trends and specifications for home entertainment, including gaming – both now and into the future. This includes support for 8K, HDMI 2.1 and HDR10+ to usher in a new era of dynamic displays and endless possibilities for what can be seen and heard at home. (Source: Yamaha Corporation, Press Release, August 2020)

AV Receiver Market Report Coverage and Deliverables

The “AV Receiver Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• AV Receiver market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• AV Receiver market trends, as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed PEST/Porter’s Five Forces and SWOT analysis
• AV Receiver market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the AV Receiver market
• Detailed company profiles