Report : North America AV Receiver Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Channel (Channel 5, Channel 7, Channel 9, and Others) and Application (Residential and Commercial)
Channel 7 Segment to Dominate North America AV Receiver Market during 2020–2028
According to a new market research study on “North America AV Receiver Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Channel and Application” is expected to reach US$ 718.39 million by 2028 from 593.56 US$ million in 2021. The market is estimated to grow at a CAGR of 2.8% from 2021 to 2028. The report provides trends prevailing in the North America AV receiver market along with the drivers and restraints pertaining to the market growth. Increasing adoption of smart TVs and home theaters is the major factor driving the growth of the North America AV receiver market. However, issues associated with limited adoption of AV receivers hinders the growth of North America AV receiver market.
North America AV receiver market is segmented into channel and application, and country. Based on channel, the global AV receiver market is sub-segmented into channel 5, channel 7, channel 9, and others. The Channel 7 segment accounted for the highest share in the North America AV receiver market in 2020. Based on application, the AV receiver market is segmented into residential and commercial. The residential segment accounted for the highest share the North America AV receiver market in 2020. Based on country, the North America AV receiver market is segmented into US, Canada, and Mexico. US held the largest market share in 2020.
Anthem, Arcam, Audio Control Inc., LG Electronics, Marantz, NAD Electronics, Onkyo Corporation, Pyle Audio, Sony Corporation, and Yamaha Corporation are among the leading companies in the North America AV receiver market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, ARCAM introduced the AVR5, bringing the Cambridge company's exceptional AVR performance to a new, lower pricing point. The AVR5 joins the HDA lineup as the entry-level receiver, joining its siblings Class AB AV receivers, the AVR10 and AVR20, as well as the range-topping G Class AVR30.
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