Middle East and Africa 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)      

TIPRE00028813 | Pages: 95 | Electronics and Semiconductor | Apr 2022 | Type: Regional | Status: Published

The AV receiver market in MEA is expected to grow from US$ 31.47 million in 2021 to US$ 35.41 million by 2028; it is estimated to grow at a CAGR of 1.7% from 2021 to 2028.

 

Lag reduction, multiple channels, easy connectivity, and high graphic quality are the major requirements for gaming receivers. With the rising number of live gamers across the region, the AV receiver manufacturers are focusing on product development to cater to the gaming industry. For instance, Denon developed AVR-X3700H that are compatible with modern home theaters. The receivers support the most cutting-edge visual technology with dynamic HDR and HDR10, and are compatible with 3D content, and 8K and 4K pass-throughs. The audio quality is also excellent with Dolby Atmos Height Virtualization, IMAX Enhanced, and DTS:X support providing immersive 3D sound. The users get a 7.1.2 or 5.1.4 speaker systems rather than 9.2 speaker system into and typical surround sound setups. It also configures with various other technologies such as Auto Low Latency Mode (ALLM), Variable Refresh Rate (VRR) technology, and 4K upscaling for game systems. Similarly, the Onkyo TX-NR696 provides excellent sound and a wide range of connectivity, including support for 4K/120Hz gaming consoles. Thus, rising investments by the AV (audio/video) receiver manufacturers to develop AV receivers compatible with gaming consoles are expected to create lucrative opportunities for the AV (audio/video) receiver market in the MEA during the forecast period.

 

The majority of economic operations were suspended due to an increase in the number of COVID-19 cases in the MEA in 2020, which hampered the AV receiver market growth from both supply and demand sides. Moreover, the AV receiver market in the region is much dependent on international suppliers, and it experienced significant supply chain disruptions during the Q1 and Q2 of 2020. On the contrary, the outbreak has compelled people to stay indoors, and it has also been a key force driving the adoption of home theatres. With the flourishment of the trend of bringing entertainment at home in the MEA, the demand for home theatre systems and audio systems also rose, which fueled the AV receiver market growth in the region. This created a demand–supply gap in the market, thereby adversely impacting the market growth. However, the resurgence in the supply of AV receivers from the beginning of Q3 of 2020 helped mitigate the adverse effects of the global crisis on the market.

With new features and technologies, vendors can attract new customers and expand their footprints in MEA AV receiver market. This factor is likely to drive the market and is expected to grow at a good CAGR during the forecast period.

 

MEA AV Receiver Market Revenue and Forecast to 2028 (US$ Million)

MEA AV Receiver Market Revenue and Forecast to 2028 (US$ Million)

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MEA AV Receiver Market Segmentation

MEA 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 MEA 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 MEA AV receiver market in 2020. Based on country, the MEA AV receiver market is segmented into Saudi Arabia, South Africa, UAE, and rest of MEA. Rest of MEA held the largest market share in 2020.  Further, Arcam, LG Electronics, Marantz, NAD Electronics, Onkyo Corporation, Pyle Audio, Sony Corporation, and Yamaha Corporation are among the leading companies in the MEA AV receiver market.

1.           Introduction

1.1         Scope of the Study

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

2.           MEA AV Receiver Market- Key Takeaways

3.        Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           MEA AV Receiver Market Landscape

4.1         Market Overview

4.2         MEA PEST Analysis

4.3         Ecosystem Analysis

4.4         Expert Opinion

5.           MEA AV Receiver Market – Key Industry Dynamics

5.1         Market Drivers

5.1.1        Smart TVs and Home Theaters Being Widely Used

5.1.2        Significant Surge in Strategic Developments and Investments by Top Market Players

5.2         Market Restraints

5.2.1        Low Acceptance Across Developing & Underdeveloped Countries

5.3         Market Opportunities

5.4         Future Trends

5.4.1        Increasing Technology Integration such as Wi-Fi, Bluetooth, and Airplay with AV Receivers

5.5         Impact Analysis of Drivers and Restraints

6.           AV Receiver Market – MEA Analysis

6.1         Overview

6.2         MEA AV Receiver Market Forecast and Analysis

7.           MEA AV Receiver Market Analysis – by Channel

7.1         Overview

7.2         MEA AV Receiver Market Breakdown, by Channel, 2020 and 2028

7.3         Channel 5

7.3.1        Overview

7.3.2        Channel 5: AV Receiver Market Revenue and Forecast to 2028 (US$ Million)

7.4         Channel 7

7.4.1        Overview

7.4.2        Channel 7: AV Receiver Market Revenue and Forecast to 2028 (US$ Million)

7.5         Channel 9

7.5.1        Overview

7.5.2        Channel 9: AV Receiver Market Revenue and Forecast to 2028 (US$ Million)

7.6         Others

7.6.1        Overview

7.6.2        Others: AV Receiver Market Revenue and Forecast to 2028 (US$ Million)

8.           MEA AV Receiver Market Analysis – by Application

8.1         Overview

8.2         MEA AV Receiver Market, by Application (2020 and 2028)

8.3         Residential

8.3.1        Overview

8.3.2        Residential: AV Receiver Market – Revenue and Forecast to 2028 (US$ Million)

8.4         Commercial

8.4.1        Overview

8.4.2        Commercial: AV Receiver Market – Revenue and Forecast to 2028 (US$ Million)

9.           MEA AV Receiver Market – Country Analysis

9.1         Overview

9.1.1        MEA: AV Receiver Market, by Key Country

9.1.1.1          South Africa: AV Receiver Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.1.1          South Africa: AV Receiver Market, by Channel

9.1.1.1.2          South Africa: AV Receiver Market, by Application

9.1.1.2          Saudi Arabia: AV Receiver Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.2.1          Saudi Arabia: AV Receiver Market, by Channel

9.1.1.2.2          Saudi Arabia: AV Receiver Market, by Application

9.1.1.3          UAE: AV Receiver Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.3.1          UAE: AV Receiver Market, by Channel

9.1.1.3.2          UAE: AV Receiver Market, by Application

9.1.1.4          Rest of MEA: AV Receiver Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.4.1          Rest of MEA: AV Receiver Market, by Channel

9.1.1.4.2          Rest of MEA: AV Receiver Market, by Application

10.        Impact of COVID-19 Pandemic on MEA AV Receiver Market

10.1      MEA: Impact Assessment of COVID-19 Pandemic

11.        Industry Landscape

11.1      Overview

11.2      Market Initiative

11.3      New Product Development

11.4      Merger and Acquisition

12.        Company Profiles

12.1      Arcam

12.1.1     Key Facts

12.1.2     Business Description

12.1.3     Products and Services

12.1.4     Financial Overview

12.1.5     SWOT Analysis

12.1.6     Key Developments

12.2      LG Electronics

12.2.1     Key Facts

12.2.2     Business Description

12.2.3     Products and Services

12.2.4     Financial Overview

12.2.5     SWOT Analysis

12.2.6     Key Developments

12.3      Marantz

12.3.1     Key Facts

12.3.2     Business Description

12.3.3     Products and Services

12.3.4     Financial Overview

12.3.5     SWOT Analysis

12.3.6     Key Developments

12.4      Pyle Audio

12.4.1     Key Facts

12.4.2     Business Description

12.4.3     Products and Services

12.4.4     Financial Overview

12.4.5     SWOT Analysis

12.4.6     Key Developments

12.5      Yamaha Corporation

12.5.1     Key Facts

12.5.2     Business Description

12.5.3     Products and Services

12.5.4     Financial Overview

12.5.5     SWOT Analysis

12.5.6     Key Developments

12.6      Sony Corporation

12.6.1     Key Facts

12.6.2     Business Description

12.6.3     Products and Services

12.6.4     Financial Overview

12.6.5     SWOT Analysis

12.6.6     Key Developments

12.7      Onkyo Corporation

12.7.1     Key Facts

12.7.2     Business Description

12.7.3     Products and Services

12.7.4     Financial Overview

12.7.5     SWOT Analysis

12.7.6     Key Developments

12.8      NAD Electronics

12.8.1     Key Facts

12.8.2     Business Description

12.8.3     Products and Services

12.8.4     Financial Overview

12.8.5     SWOT Analysis

12.8.6     Key Developments

13.        Appendix

13.1      About The Insight Partners

13.2      Glossary

 


LIST OF TABLES

Table 1.             MEA AV Receiver Market Revenue and Forecasts to 2028 (US$ Mn)

Table 1.             South Africa: AV Receiver Market, by Channel –Revenue and Forecast to 2028 (US$ Million)

Table 2.             South Africa: AV Receiver Market, by Application –Revenue and Forecast to 2028 (US$ Million)

Table 3.             Saudi Arabia: AV Receiver Market, by Channel –Revenue and Forecast to 2028 (US$ Million)

Table 4.             Saudi Arabia: AV Receiver Market, by Application –Revenue and Forecast to 2028 (US$ Million)

Table 5.             UAE: AV Receiver Market, by Channel –Revenue and Forecast to 2028 (US$ Million)

Table 6.             UAE: AV Receiver Market, by Application –Revenue and Forecast to 2028 (US$ Million)

Table 7.             Rest of MEA: AV Receiver Market, by Channel –Revenue and Forecast to 2028 (US$ Million)

Table 8.             Rest of MEA: AV Receiver Market, by Application –Revenue and Forecast to 2028 (US$ Million)

Table 9.             Glossary of terms, MEA AV receiver market

 


LIST OF FIGURES

Figure 1.           MEA AV Receiver Market Segmentation

Figure 2.           MEA AV Receiver Market Segmentation – By Country

Figure 3.           MEA AV Receiver Market Overview

Figure 4.           Channel 7 Held the Highest Share in MEA AV Receiver Market in 2020

Figure 5.           Residential Held the Highest Share in MEA AV Receiver Market in 2020

Figure 6.           MEA AV Receiver Market, by Country

Figure 7.           MEA – PEST Analysis

Figure 8.           MEA AV Receiver Market – Ecosystem Analysis

Figure 9.           Expert Opinion

Figure 10.        MEA AV Receiver Market: Impact Analysis of Drivers and Restraints

Figure 11.        MEA AV Receiver Market Forecast and Analysis, (US$ Mn)

Figure 12.        MEA AV Receiver Market Revenue Share, by Channel (2020 and 2028)

Figure 13.        MEA Channel 5: AV Receiver Market Revenue and Forecast to 2028 (US$ Million)

Figure 14.        MEA Channel 7: AV Receiver Market Revenue and Forecast to 2028 (US$ Million)

Figure 15.        MEA Channel 9: AV Receiver Market Revenue and Forecast to 2028 (US$ Million)

Figure 16.        MEA Others: AV Receiver Market Revenue and Forecast to 2028 (US$ Million)

Figure 17.        MEA AV Receiver Market Revenue Share, by Application (2020 and 2028)

Figure 18.        MEA Residential: AV Receiver Market – Revenue and Forecast to 2028 (US$ Million)

Figure 19.        Commercial: AV Receiver Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20.        MEA: AV Receiver Market, by Key Country– Revenue and Forecast to 2028 (US$ Million)

Figure 21.        MEA: AV Receiver Market Revenue Share, by Key Country (2020 and 2028)

Figure 22.        South Africa: AV Receiver Market – Revenue and Forecast to 2028 (US$ Million)

Figure 23.        Saudi Arabia: AV Receiver Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24.        UAE: AV Receiver Market – Revenue and Forecast to 2028 (US$ Million)

Figure 25.        Rest of MEA: AV Receiver Market – Revenue and Forecast to 2028 (US$ Million)

Figure 26.        Impact of COVID-19 Pandemic in MEA Countries

  1. Arcam
  2. LG Electronics
  3. Marantz
  4. NAD Electronics
  5. Onkyo Corporation
  6. Pyle Audio
  7. Sony Corporation
  8. Yamaha Corporation
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the MEA AV receiver market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the MEA AV receiver market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth MEA market trends and outlook coupled with the factors driving the AV receiver market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
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