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.
AV Receiver Market Analysis
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.
AV Receiver Market Overview
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.
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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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AV Receiver Market Drivers and Opportunities
Advancements in Surround Sound to Favor the Market
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+.
Technological Advancements
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.
AV Receiver Market Report Segmentation Analysis
Key segments that contributed to the derivation of the AV Receiver market analysis are channel and application.
- Based on the channel, the AV Receiver market is divided into channel 5, channel 7, channel 9, and others. The channel 7 segment held the largest share in 2023.
- Based on the application, the market is divided into residential and commercial.
AV Receiver Market Share Analysis by Geography
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.
AV Receiver Market Report Scope
AV Receiver Market News and Recent Developments
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:
- ARCAM is announcing that all current models in the range – AVR10, AVR20, AVR30, and AV40 – will be upgradable to HDMI 2.1 in Q4 of 2021. ARCAM’s latest AVR models already represent state-of-the-art features and performance including high-resolution HDMI 2.0 4K UHD switching capability. Designed from the beginning with upgradability in mind, today, ARCAM is announcing that all current models in the range – AVR10, AVR20, AVR30, and AV40 – will be upgradable to HDMI 2.1 in Q4 of 2021. (Source: ARCAM, Press Release, April 2021)
- Yamaha Unveils Next-Gen AV Receivers, Featuring Multiple 8K Inputs, New Look and Immersive Technology. The new RX-V line is positioned to support the latest trends and specifications for home entertainment, including gaming – both now and into the future. This includes support for 8K, HDMI 2.1 and HDR10+ to usher in a new era of dynamic displays and endless possibilities for what can be seen and heard at home. (Source: Yamaha Corporation, Press Release, August 2020)
AV Receiver Market Report Coverage and Deliverables
The “AV Receiver Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- AV Receiver market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- AV Receiver market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- AV Receiver market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the AV Receiver market
- Detailed company profiles
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 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.
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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