Publication Month: Feb 2022 | Report Code: TIPRE00027335 | No. of Pages: 138 | Category: Electronics and Semiconductor | Status: Published
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.
|Market Size Value in||US$ 1,999.88 million in 2021|
|Market Size Value by||US$ 2,616.44 million by 2028|
|Growth rate||CAGR of 3.9% from 2021 to 2028|
|No. of Pages||138|
|No. of Tables||56|
|No. of Charts & Figures||72|
|Historical data available||Yes|
|Segments covered||Channel and Application|
|Regional scope||North America, Europe, Asia Pacific, Middle East & Africa, South & Central America|
|Country scope||US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Free Sample Copy Available|
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.
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.
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.