Global AV Receiver Market to Reach USD 2,763.59 Million by 2030 | CAGR of 4.0%
Category : Semiconductor And Electronics | Published Date : Nov 2024 | Type : Press Release
AV Receiver Market Scope & Overview:
As per the Consegic Business Intelligence newly published report, the AV Receiver Market size was valued at USD 2,027.89 Million in 2022 and is projected to reach USD 2,763.59 Million by 2030, growing at a CAGR of 4.0% from 2023 to 2030. An Audio-Video (AV) receiver is a central component of home theater systems, designed to amplify and route audio and video signals from various sources to connected speakers and displays. AV receivers enable superior audio processing and deliver immersive sound experiences, with growing demand driven by advancements in home entertainment systems and the adoption of cutting-edge technologies like Dolby Atmos and DTS.
The report comprises the AV Receiver Market Share, Size & Industry Analysis, By Channel (Channel 5.1 & 5.2, Channel 7.1 & 7.2, Channel 9.2, and Others), Application (Residential and Commercial), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa), and Forecast, 2023-2030.
The report contains detailed information on AV Receiver Market Trends, Opportunities, Value, Growth Rate, Segmentation, Geographical Coverage, Company Profile, In-depth Expert Analysis, Revenue Forecast, Competitive Landscape, Growth Factors, Restraints or Challenges, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, and Cost Analysis.
The increasing demand for high-quality audio processing in home theater systems and technological advancements such as Dolby Atmos are key market drivers, while the growing popularity of wireless audio solutions acts as a restraint.
Segmental Analysis :
Based on channel, the market is segmented into channel 5.1 & 5.2, channel 7.1 & 7.2, channel 9.2, and others.
- Channel 7.1 & 7.2 held the largest market share in 2022, driven by their ability to balance high-performance audio quality with affordability. These channels provide a more immersive experience and support advanced audio formats like Dolby Atmos.
- Channel 9.2 is projected to grow at the fastest CAGR during the forecast period, attributed to the growing demand for highly immersive, detailed audio experiences. The additional surround and overhead speakers enhance sound placement and offer superior three-dimensional audio.
Based on application, the market is divided into residential and commercial.
- Residential was the largest application segment in 2022, driven by the rising demand for immersive home theater systems, enabling high-quality audio for entertainment. The growth of streaming platforms has further propelled the demand for AV receivers in home setups.
- Commercial is anticipated to register the fastest growth, driven by the increasing demand for AV receivers in public address systems, conference rooms, and background music setups in retail spaces.
Based on regions, the global market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
- North America held the largest market share in 2022, driven by technological advancements and the presence of major players like Anthem AV Solutions Limited and Harman International.
- Asia-Pacific is expected to grow at the fastest rate, driven by increasing consumer electronics sales, rising demand for home entertainment systems, and the growing adoption of streaming services in China, Japan, and India.
| Report Attributes | Report Details |
| Study Timeline | 2017-2030 |
| Market Size in 2030 | USD 2,763.59 Million |
| CAGR (2023-2030) | 4.0% |
| By Channel | Channel 5.1 & 5.2, Channel 7.1 & 7.2, Channel 9.2, Others |
| By Application | Residential, Commercial |
| By Region | North America(U.S., Canada, Mexico) Europe(U.K., Germany, France, Spain, Italy, Russia, Benelux, Rest of Europe) APAC(China, South Korea, Japan, India, Australia, ASEAN, Rest of Asia-Pacific) Middle East & Africa(GCC, Turkey, South Africa, Rest of MEA) LATAM(Brazil, Argentina, Chile, Rest of LATAM) |
Top Key Players & Competitive Landscape :
The competitive landscape includes major audio technology companies offering innovative AV receivers. Companies are focusing on product development and integrating advanced audio formats like Dolby Atmos and DTS to enhance user experience.
List of prominent players in the AV Receiver Industry:
- 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.
Recent Industry Developments :
- In April 2022, Masimo Corporation completed the acquisition of Sound United, expanding its consumer electronics portfolio with AV receivers, including brands like Denon and Marantz.
- In October 2020, Anthem launched its MRX series AV receivers with Dolby Atmos and DTS technologies, offering enhanced sound performance and compatibility with Ultra HD content.
