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Audio/Video (AV) Receiver Devices Market: Industry Analysis, Opportunity Assessment and Forecast upto 2026
n audio/video (AV) receiver is a consumer electronics device used in a home theater, which receives and amplifies an audio signal and allows it to drive speakers and displays. A receiver is the central connection for both the audio and video needs of a home theater system. The role of the receiver has increased since home entertainment has gained popularity. Today’s audio/video (AV) receivers have the ability to handle a variety of digital audio signals. Audio/video (AV) receiver devicesin the market vary in terms of connectivity, power, video processing, decoders and formats, audio features, and integration capabilities.
Number of HDMI inputs, power output, channels, sound quality, surround sound, signal-to-noise ratio (S/N ratio), and connectivity with other devices are some of the different parameters of differentiation between audio/video (AV) receiver devices offered by different vendors in the market. Vendors are also offering additional capabilities in audio/video (AV) receiver devices such as built-in Airplay, Wi-Fi, and Bluetooth, Audyssey Multi EQ, Dolby Digital, DTS – HD, upscaling, 4K Resolution, and 3-D ready.
Advancements in home audio technology and increasing demand for high quality audio systems is driving the demand for audio/video (AV) receiver devices market. Trends in the technology industry such as digital living room have increased the demand for home theater systems and thus audio/video (AV) receiver devices. Declining prices of home theater products has aided in increasing the demand for audio/video (AV) receiver devices. However, low cost alternatives threaten the home audio devices market and subsequently the growth of the audio/video (AV) receiver devices market.
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The latest audio/video (AV) receiver devices in the market provide multi room, seamless audio streaming. Advances in wireless technologies and audio over IP (AoIP) have enabled audio/video (AV) receiver devices to become a multi-room media hub. Today’s audio/video (AV) receiver devices are more network-connected and thus possess the ability to use a smartphone or tablet as a replacement for a standard remote control. The emergence of audio/video receiver apps over smartphones is on the rise in the market.
The global audio/video (AV) receiver devices market can be segmented based on price, channels, power per channel, and region. In terms of channels, the audio/video (AV) receiver devices market can be segmented into 5 channel (5.1 and 5.2), 7 channel (7.1 and 7.2), 9 channel (9.2), and others (11 channel and 13 channel). Based on power per channel, the audio/video (AV) receiver devices market can be categorized into less than 100 Watt/channel, 100 – 150 Watt/channel, and more than 150 Watt/channel. Based on price, the audio/video (AV) receiver devices market is segmented into up to US$ 500 and more than US$ 500.
Based on region, the global audio/video (AV) receiver devices market can be categorized into North America, Asia Pacific, Middle East & Africa, South America, and Europe. Europe and North America account for largest share in the audio/video (AV) receiver devices market. Asia Pacific is expected to be the fastest growing region in the audio/video (AV) receiver devices market driven by increasing demand from countries such as China.
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Key players operating in the global audio/video (AV) receiver devices market include Anthem, Onkyo Corporation, Marantz (Sound United LLC), Denon Electronics (USA) LLC (Sound United LLC), Integra Home Theater, Pioneer Electronics (USA) Inc., Arcam, Yamaha Corporation, Sony Corporation, and Audio Control. The audio/video receiver (AV) devices market is highly fragmented with a large number of players.
Vendors differentiate themselves based on parameters such as cost, audio quality, channels, surround sound format (Dolby Atomos or DTS: X), etc. Vendors are also offering additional features integrating virtual assistance device support into audio/video (AV) receiver devices. Vendors in the audio/video (AV) receiver devices market focus on mergers and acquisitions to expand their product portfolio and the reach of the brands. Market players focus on engaging customers with branding activities and often retain product brand name even after merger or acquisition with other players in the audio/video (AV) receiver devices market.
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