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.
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AV Receiver Market: Strategic Insights
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 Forecast Period 2021-2028 Base Year 2021
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AV Receiver Market: Strategic Insights
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 |
Forecast Period | 2021-2028 |
Base Year | 2021 |
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Impact of COVID-19 Pandemic on 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
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Channel and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
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
- Arcam
- LG Electronics
- Marantz
- Pyle Audio
- Yamaha Corporation
- Sony Corporation
- Onkyo Corporation
- NAD Electronics
- Anthem
- Audio Control Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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