Isle Of Man, Aug. 30, 2022 (GLOBE NEWSWIRE) -- Douglas Insights has further expanded its comparison engine with AV Receiver Market research reports, allowing market researchers, analysts, industry experts, and businesses to identify market trends, drivers of growth, limitations, obstacles, and predictions. Douglas Insights is the world's first comparison engine for market research reports. With access to the widest range of private and public market reports, the digital tool lets researchers compare various reports by Publisher Rating, Table of Contents, Date of Publication, and Price.
The outbreak of the Covid-19 pandemic negatively impacted the AV Receiver market as production facilities were shut down temporarily in order to curb the quick spread of the virus. As a result of the temporary shutdown of factories and production facilities, the need for AV Receivers consequently reduced, resulting in huge losses in the automobile sector.
On the other hand, outdoor activities and events were brought to a standstill, and demand for home theatres increased globally, thereby increasing the demand for AV receivers in the residential market. Even though the demand in the home theatre sector increased, the demand and supply gap led to a reduction in overall profits.
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As the restrictions eased all over the world, the AV receiver industry soon got back up and is predicted to grow at a steady annual rate of 3.9% between 2022 and 2028.
The primary driving factor projecting the growth of the AV receiver market is the rising overall disposable incomes of families. Furthermore, as the popularity of sound systems for home theatres is rising, AV receiver systems are constantly integrating various technologies into their core product, including Wi-Fi music streaming, Dolby Atmos, 8K Video, and high-quality audio. Customers have embraced the AV receiver in large numbers because it produces a good audio experience for their home theatres, smart TVs, and projectors.
As a result, many growth opportunities have arisen due to the continuous advancement that includes innovative technology in AV receivers.
However, AV receivers are very expensive in comparison to what consumers can afford in places like India, Mexico, South Africa, and Brazil. Therefore, the high cost of modern AV receivers set by the manufacturers prevents their widespread use in undeveloped and poor nations.
Latency reductions, a large number of streams, simple networking, and great quality are essential features for gaming receivers. The producers of AV receivers are progressively concentrating their research and development to serve this market in response to the expanding number of online gaming broadcasters around the world.
Over the projected timeframe, the AV receiver market is anticipated to rise as a result of manufacturers increasing investments in creating AV receivers that are functional with video game consoles.
The AV receiver market is divided into commercial and residential segments according to the application. In 2020, the residential sector of the market held a greater market share. The market is expanding due to the growing popularity of home automation in both developed and emerging countries.
APAC, South America, Africa, Middle East, Europe, and North America make up the five major geographic segments that constitute the worldwide AV receiver market, with the maximum compound annual growth rate to be recorded in APAC.
Video game players who stream continuously have become more prevalent in North America over time, which is fueling demand for home theatre systems and receivers for effective audio and visual effects. Furthermore, the market for AV receivers for home theatres with effective surround sound is influenced by the strong purchasing ability of people in the United States and Canada.
Some of the key players in the AV receiver industry are Anthem AV, Yamaha Corporation, Marantz, Onkyo, and Sony Corporation.
Key Players in AV Receiver Market
The AV Receiver Market study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Anthem AV, Yamaha Corporation, Marantz, Onkyo, and Sony Corporation.
Key questions answered in this report
- COVID 19 impact analysis on global AV Receiver industry.
- What are the current market trends and dynamics in the AV Receiver market and valuable opportunities for emerging players?
- What is driving AV Receiver market?
- What are the key challenges to market growth?
- Which segment accounts for the fastest CAGR during the forecast period?
- Which product type segment holds a larger market share and why?
- Are low and middle-income economies investing in the AV Receiver market?
- Key growth pockets on the basis of regions, types, applications, and end-users
- What is the market trend and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
Unique data points of this report
- Statistics on AV Receiver and spending worldwide
- Recent trends across different regions in terms of adoption of AV Receiver across industries
- Notable developments going on in the industry
- Attractive investment proposition for segments as well as geography
- Comparative scenario for all the segments for years 2018 (actual) and 2031 (forecast)
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