|By Channel||Channel 5.1 & 5.2, Channel 7.1 & 7.2, Channel 9.2, and Others|
|By Application||Residential and Commercial|
|By Region||Asia-Pacific, Europe, North America, Latin America, Middle East & Africa|
|Forecast Year:||2023 - 2030|
|Revenue 2022:||$2,027.89 Mn|
|Revenue 2030:||$2,763.59 Mn|
AV Receiver Market is estimated to reach over USD 2,763.59 Million by 2030 from a value of USD 2,027.89 Million in 2022, growing at a CAGR of 4.0% from 2023 to 2030.
An Audio-Video (AV) receiver is a central component of a home theater that acts as a control system for various audio and video sources. The primary function of an AV receiver is to process and amplify audio signals from different sources, as well as route video signals to a connected display (TV or projector). Additionally, the AV receiver features multiple audio and video inputs, allowing users to connect various devices simultaneously. The receiver then decodes and amplifies the audio signals, by sending the signals to the connected speakers.
AV receiver serve as the central control unit for home theater systems by connecting and managing various audio and video devices, including Blu-ray players, gaming consoles, streaming devices, speakers, and projectors. Additionally, home theater systems require powerful and high-quality audio processing and amplification capabilities to deliver immersive sound experiences. AV receiver are designed to decode and process various audio formats including Dolby Digital, Dolby Atmos, and DTS among others. Moreover, AC receiver also feature built-in amplifiers that power multiple speakers simultaneously, thus contributing significantly in driving the market growth. Consequently, by providing superior audio processing and amplification, AV receiver enhances the audio quality and creates a theater-like experience, hence contributing remarkably in accelerating the market growth. For instance, in February 2023, Sony Electronics Inc. launched ES 8K AV Receiver to provide the most immersive home theater experience to users. The new model is designed with flexible connectivity, 360 spatial sound mapping technology, and auto-calibration technology to correct the sound pressure, angle, and frequency response of the speaker delivering a more authentic cinematic experience.
The advent of advanced technologies including Dolby Atmos and DTS:X have revolutionized the audio experience by providing high-quality sound and serves as the major factor for driving the growth of the AV receiver market. The advanced technologies enable sound engineers to precisely position audio objects in a three-dimensional space, creating a more immersive audio environment. Additionally, improvements in video processing including the incorporation of upscaling process to enhance the quality of lower-resolution video content are also contributing notably in boosting the growth of the AV receiver market. In conclusion, the enhancements in technology including the Dolby Atmos, DTS:X, and upscaling process are collectively responsible in spurring the growth of the global AV receiver market. For instance, in February 2023, McIntosh Laboratory, Inc. launched the MHT300 AV receiver with Dolby Atmos and DTS:X technologies to provide high-quality sound to the user without buffering. The product comprises 4 HDMI inputs and a single output to support 8K/60Hz and 4K/120Hz premium content, thus contributing considerably in driving the market growth.
Presence of alternative wireless audio solutions including Bluetooth speakers, Wi-Fi speakers, and wireless multi-room audio systems, offers consumers a convenient way to relish premium-quality audio eliminating the need for a traditional AV receiver setup. Additionally, wireless solutions provide portability, ease of use, and quick setup, thus alluring consumers who prioritize simplicity, mobility, and convenience. Moreover, AV receiver setups involve multiple speakers and wiring connections, requiring adequate space and careful installation. In contrast, wireless audio solutions offer a clutter-free and space-saving alternative by placing the speakers anywhere without the need for complicated wiring. Furthermore, wireless audio solutions are ideal for limited space and require a minimalist setup, thus impeding the growth of the AV receiver market.
Modern smart TVs are equipped with built-in audio processing capabilities, including Dolby Atmos and Dolby Vision IQ. The features aim to provide an improved audio experience without the need for additional equipment such as an AV receiver. The integration of advanced features compels the user to rely on the built-in audio processing system of the smart TVs rather than investing separately in an AV receiver. Additionally, smart TVs are preloaded with popular streaming services including Netflix, Amazon Prime Video, and Hulu, allowing users to access and stream audio and video content directly from the TVs eliminating the need for an external AV receiver.
In conclusion, the integration of built-in audio processing systems in televisions is limiting the adoption of AV receiver, which in turn, is hindering the growth of the market. For instance, in June 2021, TCL Technology launched India's first Video Call QLED 4K and Mini LED QLED 4K TVs with Hands free voice control 2.0, Dolby Atmos, and Dolby Vision IQ features. The TVs have a built-in advanced audio processing system to offer an immersive listening experience to users, thus restraining the growth of the AV receiver market.
Gamers prioritize immersive and high-quality audio experiences to enhance the gameplay and AV receiver with advanced audio processing capabilities provide a more immersive gaming experience. AV receiver accurately produce directional audio cues, creating a sense of depth, and enhancing the overall audio quality. Additionally, AV receiver create a more realistic and engaging gaming experience by providing high-quality sound to gamers. Furthermore, AV receiver also play a crucial role in providing necessary audio processing and amplification capabilities for multi-channel gaming audio setups. Consequently, the expansion in the gaming industry is expected to create potential opportunities for the growth of the AV receiver market. For instance, according to BJLC (Betting, Gaming & Lotteries Commission), in Q1 of 2022 (April – June) the gaming industry accounted for USD 59.97 billion with a rise of 11.8% in comparison to Q4 of 2021 (January to March).
|Report Attributes||Report Details|
|Market Size in 2030||USD 2,763.59 Million|
|By Channel||Channel 5.1 & 5.2, Channel 7.1 & 7.2, Channel 9.2, and Others|
|By Application||Residential and Commercial|
|By Region||North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa|
|Key Players||Anthem AV Solutions Limited, Arcam AB, Cambridge Audio, D+M Group, Harman Kardon, Inkel Corporation, LG Electronics, Masimo Corporation, McIntosh Laboratory, Inc., NAD Electronics, Onkyo Corporation (Pioneer), Sony Electronics Inc.|
The channel segment is classified into channel 5.1 & 5.2, channel 7.1 & 7.2, channel 9.2, and others. Channel 7.1 & 7.2 accounted for the largest market share of 36.8% in 2022 as the 7-channel segment maintains a balance between audio performance and affordability. Additionally, the channel 7 AV receiver offers a more immersive audio experience compared to lower channel configurations such as channel 5. Furthermore, the adoption of advanced audio technologies including Dolby Atmos and DTS:X to support a 7-channel setup for delivering high-quality audio is also contributing significantly in accelerating the market growth. For instance, in July 2020, Marantz launched the 7-2-channel SR5015 to offer a riveting audio experience to users. The product is designed with built-in Dolby Atmos and DTS Virtual:X technologies, creating a more realistic and immersive audio experience. Consequently, the aforementioned factors are collectively responsible in bolstering the growth of the channel 7.1 & 7.2 segment.
Channel 9.2 is predicted to witness the fastest CAGR growth in the AV receiver market during the forecast period. The growth of the market is credited to the ability of 9-channel AV receiver to offer a more immersive and detailed audio experience compared to lower-channel configurations. Moreover, with additional surround and overhead speakers, channel 9.2 provide more precise sound placement and a greater sense of three-dimensionality in audio production. The enhanced audio experience offered by the 9.2 channel increases the adoption among audiophiles to seek the highest level of alluring audio quality. Additionally, the integration of Dolby Atmos in a 9.2 channel AV receiver to create a more fascinating audio environment is contributing significantly in boosting the growth of the 9.2 channel in the upcoming years.
The application segment is bifurcated into residential and commercial. The residential segment accounted for the largest market share in 2022 as the segment represents a large consumer base that actively seeks high-quality audio experiences in homes. Additionally, consumers prioritize creating immersive home theater setups to enhance the living room entertainment systems that raise the demand for AV receiver. Moreover, the growing trend of online video streaming platforms and pay TV is also increasing the adoption of AV receiver to recreate cinematic experiences at home with premium audio quality. For instance, according to the Motion Picture Association report of 2021, the global online video subscription services market accounted for USD 1.3 Billion in 2021, witnessing a growth of 14% in comparison to 2020. Consequently, the surge in the number of online video subscriptions increases the demand for AV receiver to offer high-quality audio experiences at home.
The commercial segment is anticipated to register the fastest CAGR in the AV receiver market during the forecast period. The growth is attributed to the increasing demand of advanced audio solutions from various sectors including retail, corporate offices, education, and entertainment. The sector needs advanced AV receiver for various purposes including public address systems, conference room setups, and background music in retail spaces. Moreover, the commercial segment adopts new technologies and trends at a faster pace than the residential segment. The advancements in technology including networked audio, IP-based audio distribution, and audio-over-IP protocol, further increase the demand of AV receiver in commercial settings to enable a seamless listening experience. In conclusion, the aforementioned factors are collectively responsible in accelerating the growth of the AV receiver market in the commercial sector during the forecast period.
The regional segment includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Regional Growth InsightsDownload Sample Report
North America accounted for the largest revenue share in the year 2022 owing to the technological advancements in the region. Advancements in technology including Dolby Atmos and DTS:X increase the demand of AC receiver in the region to deliver high-quality sound. Moreover, the emergence of cutting-edge technology to offer immersive sound experiences to users is increasing the adoption of AV receiver, further contributing considerably in propelling the market growth in the region. Furthermore, the presence of key players in the region including Anthem AV Solutions Limited and Harman International that invest heavily in research and development to launch innovative products with advanced technologies are also contributing to market growth. Consequently, the presence of key players and technological advancements serve as major factors responsible for driving the growth of the AV receiver market in the region.
Asia Pacific accounted to USD 605.33 Million in 2022 and is expected to register the fastest CAGR of 4.2% accounting to USD 834.60 Million in 2030 in the AV receiver market. In addition, in the region, China accounted for the maximum revenue share of 27.85% in the year 2022. The growth in the region is attributed to the increasing internet penetration and the adoption of digital streaming services. Additionally, with the growing demand of streaming platforms including Netflix and Amazon Prime Video, the demand for high-quality audio systems is also increasing to deliver a premium listening experience. AV receiver provide the necessary audio processing and amplification capabilities, driving the growth of the market in the region. Moreover, the Asia Pacific region is witnessing rapid growth in the consumer electronics industry, particularly in China, India, and Southeast Asian nations as consumers are investing in home entertainment systems, including AV receiver. For instance, in April 2023, according to the Government of India, consumer electronic exports have become the sixth largest export in India, surpassing readymade garments. Consequently, the expanding consumer electronics industry is contributing significantly in increasing the demand for AV receiver, which in turn is promoting market growth.
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The competitive landscape of the AV receiver market is subject to change as new players enter the market or existing ones introduce innovative products. The market is also influenced by factors such as technological advancements, consumer preferences, and pricing strategies and includes several prominent manufacturers and players. Key players in the market include-
An Audio-Video (AV) receiver is a central component of a home theatre that acts as a control system for various audio and video sources.
The residential segment dominated the market in 2022 as the segment represents a large consumer base that actively seeks high-quality audio experiences in homes. Additionally, consumers prioritize creating immersive home theatre setups to enhance the living room entertainment systems that raise the demand for AV receiver.
The 9.2 channel will register the fastest CAGR during the forecast period owing to the ability of 9.2 channel AV receiver to offer a more immersive and detailed audio experience compared to lower-channel configurations.
Asia Pacific is expected to witness the fastest CAGR during the forecast period due to the increasing internet penetration and the adoption of digital streaming services.