Global AV Receiver Market growing at a CAGR of 4.0% from 2023 to 2030
Category : Semiconductor And Electronics | Published Date : Jun 2023
Key Market Overview
The AV receiver market is poised for strong expansion and is projected to reach USD 2,763.59 Million by 2030. The market was valued at USD 2,027.89 Million in 2022 and is predicted to grow at a compound annual growth rate of 4.0% during the period 2023-2030.
The report highlights the increasing adoption of AV receivers owing to the increasing demand of AV receivers in home theatre systems for audio processing and amplification. Consegic Business Intelligence provides an inclusive research report on the AV receiver market that evaluates multiple factors, such as market size, value, supply chain, regulatory environment, and trends.
Global AV Receiver Market By Overview
Consegic Business Intelligence provided an inclusive research report on the AV receiver market that evaluates multiple factors, such as market size, value, supply chain, regulatory environment, and trends. 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 receivers 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, thus contributing significantly in propelling the market growth.
Get Free SampleMarket Dynamics
Driver:
- Increasing demand for AV receivers in home theatre systems for audio processing and amplification is driving the growth of the market.
- Advancements in technology including the emergence of Dolby Atmos and DTS:X to offer premium sound-quality is propelling the market growth.
- Emergence of capacitive touchscreen sensors that offer higher brightness, contrast, and crisp details to enhance the user experience is also driving the market growth.
Restraints:
- Growing popularity of wireless audio solutions including Bluetooth and Wi-Fi speakers is restraining the growth of the AV receiver market.
- Emergence of smart TV with built-in audio processing systems is hampering the growth of the AV receiver market.
Market Segmentation:
| Report Attributes | Report Details |
| 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 |
Competitive Landscape :
The landscape for AV receiver market is highly competitive with major players Anthem AV Solutions Limited, Arcam AB, Cambridge Audio, and D+M Group that have a strong market position in current market circumstances. The market players compete for a firm market position through mergers and acquisitions, product innovations, and business strategies. Thus, evolving research and developments in the AV receiver market are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various end-use industries.
- Anthem AV Solutions Limited
- Arcam AB
- Cambridge Audio
- D+M Group
- Harman Kardon
- Highlander Partners, L.P.
- Inkel Corporation
- LG Electronics
- Masimo Corporation
- McIntosh Laboratory, Inc.
- NAD Electronics
- Onkyo Corporation (Pioneer)
- Sony Electronics Inc.