The AV Receiver market size is projected to reach US$ 2.92 billion by 2031 from US$ 2.15 billion in 2023. The market is expected to register a CAGR of 3.9% during 2023–2031. Immersive audio technologies and integration with voice assistants are likely to remain a key trend in the market.
The electronic part that powers and directs your home theater experience is called an A/V receiver. The center of a home theater system is unquestionably the AV receiver. It receives signals from several sources, both audio and visual, and routes them to the appropriate outputs. For instance, when an AV receiver and Blu-ray player are connected via HDMI to transmit both audio and video data, the AVR routes the audio signals to the speaker system and the video signal to the associated display (TV or projector). AV receivers of today are capable of much more than just audio signals. The AV receiver can be thought of as a home theater system's brain or central processing unit. In terms of entertainment alternatives for your home theater setup, you would be very restricted without it. Without an AV receiver, the home cinema experience would be lackluster and boring. In addition to making movies come to life, it makes managing your priceless AV components simple.
This is a product-driven market for home audio and video. Additionally, it has changed significantly from year to year as new residents try to utilize their new areas in various ways. AV receivers are one of the vital components in these systems. The receiver is the cornerstone of a contemporary home theater system. The AV receiver in a home theater system offers a variety of surround sound processing options, including cutting-edge immersive audio codecs like DTS:X and Dolby Atmos, as well as numerous high-resolution source switching. It also supplies electricity to a system's speakers of them.
Home theater has been revitalized by the quick uptake of object-based surround sound and codecs like DTS:X and Dolby Atmos. A resurgence in surround sound is underway, driven by the market's overall shift to immersive audio. The usage of immersive audio is expanding as more live music venues, theaters, museums, and other commercial contexts adopt it. When it comes to home theater, AV receivers offer an unmatched and reasonably priced way for people to enjoy immersive audio in the comfort of their living room, including object-based surround sound formats like Dolby Atmos. AVRs are also preparing for the future by utilizing the newest technology, such as HDMI 2.1, 8K, and HDR10+.
The AV receiver market is undergoing rapid development of modern trends and technology, as demonstrated by the increasing number of new options available to modern users who are shifting away from old media. With the help of embedded technology, high-speed Internet, and frequent software upgrades, the typical individual may now easily access a remarkable variety of high-quality materials. Additionally, artificial intelligence is collaborating closely with electronics, particularly contemporary receivers, to develop potent tools for producing incredible sound effects that provide listeners with never-before-seen convenience and use in home entertainment systems. This is creating opportunities for the market growth.
Key segments that contributed to the derivation of the AV Receiver market analysis are channel and application.
The geographic scope of the AV receiver market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
North America holds a significant share of the AV Receiver market in 2023. A high level of disposable income allows consumers in this region to invest heavily in home entertainment systems, including AV receivers. The region is also more technologically advanced and more mature when technology such as AV receivers is considered. This is driving the North America market growth.
The regional trends and factors influencing the AV Receiver Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses AV Receiver Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 2.15 Billion |
| Market Size by 2031 | US$ 2.92 Billion |
| Global CAGR (2023 - 2031) | 3.9% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Channel
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The AV Receiver Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the AV Receiver Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The AV Receiver market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the AV Receiver market are listed below:
The “AV Receiver Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
The AV Receiver market is expected to register a CAGR of 3.9% during 2023–2031
The AV Receiver market size is projected to reach US$ 2.92 billion by 2031
Arcam, LG Electronics, Marantz, Pyle Audio, Yamaha Corporation, Sony Corporation, Onkyo Corporation, NAD Electronics, and Anthem are among the leading payers operating in the AV Receiver market.
Immersive audio technologies and integration with voice assistants are likely to remain key trends in the market.
Advancements in surround sound and growing home entertainment systems are expected to drive the AV Receiver market.
North America dominated the AV Receiver market in 2023.