AV Receiver Market Research Report and Outlook by 2028

The AV Receiver Market is anticipated to reach a value of US$ 2,616.44 million by 2028, up from US$ 1,999.88 million in 2021, reflecting a compound annual growth rate (CAGR) of 3.9% during the period from 2021 to 2028.

The increase in disposable incomes globally is significantly influencing consumer spending on home theater systems within residential areas. Furthermore, the rise in popularity of smart technology is facilitating improved and wireless connectivity among devices. In response to consumer preferences, manufacturers of contemporary home cinema receivers are integrating a variety of cutting-edge technologies, including 8K video resolution, Dolby Atmos sound systems, Wi-Fi music streaming capabilities, and superior audio quality into their offerings.

AV receivers have gained widespread acceptance among consumers due to their capacity to provide exceptional sound quality for smart televisions, home theaters, and projectors. Consequently, manufacturers are consistently innovating and adding new features to their products. However, the steep price of AV receivers, which can range from US$2,000 to US$6,000 for models equipped with advanced functionalities, poses a barrier for many consumers in developing nations such as Brazil, South Africa, Mexico, and India. As a result, the high costs associated with advanced AV receivers hinder their widespread adoption in these markets.

Effects of the COVID-19 Pandemic on the AV Receiver Market

The COVID-19 pandemic led to the temporary closure of manufacturing facilities across the globe to mitigate the virus's spread. This situation resulted in reduced production capacities, lower output levels, and significant losses within the manufacturing sector. Consequently, the demand for AV receivers from the automotive industry in North America saw a decline. However, the suspension of various activities and public gatherings resulted in a surge in demand for home theater systems worldwide, positively influencing the residential sector's demand for AV receivers. This created a disparity between supply and demand, leading to an overall revenue decline in 2020. Nevertheless, the market began to recover in the third quarter of 2020 as economic activities resumed and supply chains were restored.

The global AV receiver market is categorized into five primary regions: North America, Europe, Asia-Pacific (APAC), the Middle East & Africa, and South America. Among these, APAC is projected to exhibit the highest CAGR throughout the forecast period. Over recent years, North America has seen an increase in professional gamers who are actively engaged in live streaming, which is driving the demand for home theaters and receivers that provide superior sound and video experiences. Additionally, the high purchasing power of individuals in the US and Canada is further boosting the demand for AV receivers that enhance the surround sound experience in home theaters.

Key players in the AV receiver market include Sony Corporation, Marantz, Onkyo, Yamaha Corporation, and Anthem AV.

The assessment of the AV receiver market size has been conducted through a combination of primary and secondary research methodologies. The research process commenced with extensive secondary research from both internal and external sources to gather qualitative and quantitative data regarding the market's size. This approach also facilitated an overview and forecast of the market across all segments. Furthermore, numerous primary interviews were held with industry experts and commentators to validate the data and gain additional analytical insights. Participants in this research included vice presidents, business development managers, market intelligence managers, national sales managers, external consultants, valuation experts, research analysts, and key opinion leaders specializing in the AV receiver market.