The AV receiver market size is worth $2.61 billion, globally, by 2028 at a CAGR of 3.9%

NEW YORK, March 14, 2022 /PRNewswire/– AV Receiver Market Size, Growth Driven by Rapid Advances in Home Audio Technology, Rising Demand for High-Quality Audio Systems, Growing Integration of Wi-Fi, Bluetooth and Airplay . Channel 7 segment accounted for the highest share in the global market and is expected to grow with the highest CAGR during the period 2021-2028 owing to the increase in adoption of the same form in the residential sector to connect several home entertainment solutions such as home theaters and game consoles. .

The Insight Partners has published the latest research study on “AV receiver market Forecast to 2028 – Impact of COVID-19 and Global Analysis by Channel (Channel 5, Channel 7, Channel 9 and others) Application (Residential and Commercial)”, the global AV receiver market is expected to reach $2.61 billion by 2028 from $1.99 billion in 2021; it is expected to grow at a CAGR of 3.9% from 2021 to 2028.

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Report cover

Details

Market size Value in

US$1,999.88 million in 2021

Market Size Value by

$2,616.44 million by 2028

Rate of growth

CAGR of 3.9% from 2021 to 2028

Forecast period

2021-2028

base year

2021

Number of pages

138

Number of tables

56

Number of graphs and figures

72

Historical data available

Yes

Segments Covered

Channel and app

Regional scope

North America; Europe; Asia Pacific; Latin America; AEM

Country scope

United States, United Kingdom, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina

Report cover

Revenue Forecast, Business Ranking, Competitive Landscape, Growth Factors and Trends

AV Receivers Market: Competitive Landscape and Key Developments

Yamaha Corporation, Sony Corporation, Onkyo Corporation, Amthem, and Arcam are some of the major players operating in the AV receiver market. Additionally, several other key market players have been researched and analyzed to get a holistic view of the market and its ecosystem.

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In 2021, Sony Corporation introduced its new XAV-AX3200 Vehicle AV Media Receiver. It also enables smart connections to enhance the in-car entertainment experience of its customers.

In 2021, Yamaha Corporation launched two new AV receivers in India for residential applications.

An AV receiver is a consumer electronic device that receives and amplifies an audio signal so that it can drive speakers and displays in a home theater. A receiver serves as a hub for the audio and video connections of a home theater system. Since the development of home entertainment, the role of the receiver has increased. 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 receivers on the market differ. Some of the major factors of difference between AV receivers offered by different vendors in the market include number of HDMI inputs, signal to noise ratio (S/N ratio), output power, sound quality, channels, surround sound and connectivity with other devices. Vendors also include features such as Bluetooth, Airplay built-in, Wi-Fi and, as well as Audyssey Multi EQ, Dolby Digital, DTS – HD, upscaling, 4K 3D compatible resolution and AV receivers.

For effective sound quality and sound distribution from smart TVs, home theaters and projectors, consumers are embracing AV receivers. Manufacturers are also constantly developing their products with new technologies for wider adoption to meet the demand of the AV receiver market which also includes customized products. However, AV receivers are very expensive compared to the ability of consumers to purchase in countries such as Brazil, South Africa, Mexicoand India. The retail price of AV receivers with advanced technology ranges from $2,000 to 6,000. Thus, the high price of advanced AV receivers limits their adoption in developing and underdeveloped countries and limits the growth of the market.

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The main requirement for gaming receivers include lag reduction, multiple number of channels, easy connectivity and high quality. With the growing number of live game streamers around the world, A/V receiver manufacturers are increasingly focusing their product development to cater to this sector.

Denon, for example, has developed the AVR-X3700H which is compatible with modern home cinemas. With Dynamic HDR and HDR10, full 3D content support, and both 8K and 4K pass-through, it supports the most advanced visual technology. Likewise, the Onkyo TX-NR696 offers excellent sound and a wide range of connectivity, including support for 4K/120Hz Game Consoles. Thus, increasing investment by AV receiver manufacturers to develop game console compatible AV receivers is expected to contribute to the growth of the AV receiver market over the forecast period.

AV Receiver Market: Application Overview
Based on application, the AV receiver market is divided into residential and commercial. The residential segment accounted for a larger share in 2020 in the market. The rising trend of smart homes in developed urban areas and in developing countries is driving the growth of the market. Smart homes have built-in Bluetooth speakers to stream music through PCs and smartphones. Additionally, rising disposable income in emerging countries is driving the demand for home theater in the residential sector, which is propelling the growth of the AV receiver market.

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The COVID-19 pandemic has caused disruptions in various industries, such as automotive and manufacturing. To combat the spread of the new coronavirus, several government initiatives, such as travel restrictions and social distancing, have resulted in the temporary closure of manufacturing units in production or production plants with the least labor capacity. implemented, which negatively impacted the AV receiver market in the first and second quarter of 2020. However, with the normalization of economic activities, high vaccination campaigns and reduction in COVID-19 cases globally , factories started operating at full capacity from the third quarter of 2020, reducing the impact of the COVID -19 pandemic.

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The Insight Partners is an industry unique research provider of actionable intelligence. We help our clients find solutions to their research needs through our syndicated research and advisory services. We specialize in industries such as Semiconductors and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Health IT, Manufacturing and Construction, Medical Devices , technology, media and telecommunications, chemicals and materials.

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