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)
The AV receiver market in North America is expected to grow from US$ 593.56 million in 2021 to US$ 718.39 million by 2028; it is estimated to grow at a CAGR of 2.8% from 2021 to 2028.
Home entertainment products include television, home theaters, projectors, and various other high-end electronic systems. The consumer electronics sector has changed dramatically over the previous decade with the introduction of new entertainment options, such as digital set-top boxes, home theatre systems, Blu-ray and other media players, and digital video recorders. In recent years, home theatre systems have seen a considerable increase in popularity among consumers due to the rising income levels of the populations in North American countries, which explains their willingness to spend more on entertainment products. Home theatre comprises sound and display systems, media players, storage devices, and theater-in-a-box systems. Additionally, the demand for customized home theaters is increasing. The Home Theater Company developed customized home theatre packages based on customers' preferences, room sizes, and designs. Further, with the growing interest of people in video-on-demand platforms, the adoption of smart TV has experienced a rise over the years across the region. For instance, smart TV adoption in the US reached 56% in 2021. Thus, the rising adoption of home theatres and increasing rising demand for smart TVs drive the growth of the North America AV receiver market.
During the COVID-19 pandemic, the manufacturing units across the region were temporarily closed to avoid the rapid spread of SARS-CoV-2. As a result, the manufacturing sector experienced notable losses due to temporary factory shutdowns and low production volumes, which hindered the production capacities of the automotive sector across the region, thereby decreasing the demand for AV receivers in this sector. However, owing to the shutdown of all major places and activities, the demand for home theaters surged in the region, which reflected in a rise in demand for AV receivers from the residential sector. This created a gap between supply and demand in the AV receiver market, leading to a decrease in the overall market revenue in 2020. However, during the Q3 of 2020, with the revival of economic activities across the region, the supply chain stakeholders resumed their operations.
With new features and technologies, vendors in the AV receiver market can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the market in North America at a good CAGR during the forecast period.
North America AV Receiver Market Revenue and Forecast to 2028 (US$ Million)
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North America AV Receiver Market Segmentation
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.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. North America AV Receiver Market- Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America AV Receiver Market Landscape
4.1 Market Overview
4.2 North America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America AV Receiver Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Increasing Adoption of Smart TVs and Home Theaters
5.1.2 Rising Strategic Developments and Investments by Major Players
5.2 Market Restraints
5.2.1 Limited Adoption of AV Receivers
5.3 Market Opportunities
5.4 Future Trends
5.4.1 Rising Technology Consolidation such as Wi-Fi, Bluetooth, and Airplay with AV Receivers
5.5 Impact Analysis of Drivers and Restraints
6. AV Receiver Market – North America Analysis
6.1 Overview
6.2 North America AV Receiver Market Forecast and Analysis
7. North America AV Receiver Market Analysis – by Channel
7.1 Overview
7.2 North America 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. North America AV Receiver Market Analysis – by Application
8.1 Overview
8.2 North America 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. North America AV Receiver Market – Country Analysis
9.1 Overview
9.1.1 North America: AV Receiver Market, by Key Country
9.1.1.1 US: AV Receiver Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 US: AV Receiver Market, by Channel
9.1.1.1.2 US: AV Receiver Market, by Application
9.1.1.2 Canada: AV Receiver Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Canada: AV Receiver Market, by Channel
9.1.1.2.2 Canada: AV Receiver Market, by Application
9.1.1.3 Mexico: AV Receiver Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Mexico: AV Receiver Market, by Channel
9.1.1.3.2 Mexico: AV Receiver Market, by Application
10. Impact of COVID-19 Pandemic on North America AV Receiver Market
10.1 Overview
10.2 North America: 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
12.9 Anthem
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Audio Control Inc.
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary
LIST OF TABLES
Table 1. North America AV Receiver Market Revenue and Forecasts to 2028 (US$ Mn)
Table 2. US: AV Receiver Market, by Channel –Revenue and Forecast to 2028 (US$ Million)
Table 3. US: AV Receiver Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 4. Canada: AV Receiver Market, by Channel –Revenue and Forecast to 2028 (US$ Million)
Table 5. Canada: AV Receiver Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 6. Mexico: AV Receiver Market, by Channel –Revenue and Forecast to 2028 (US$ Million)
Table 7. Mexico: AV Receiver Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 8. Glossary of terms, North America AV receiver market
LIST OF FIGURES
Figure 1. North America AV Receiver Market Segmentation
Figure 2. North America AV Receiver Market Segmentation – By Country
Figure 3. North America AV Receiver Market Overview
Figure 4. Channel 7 Held the Highest Share in North America AV Receiver Market in 2020
Figure 5. Residential Held the Highest Share in North America AV Receiver Market in 2020
Figure 6. North America AV Receiver Market, by Country
Figure 7. North America – PEST Analysis
Figure 8. North America AV Receiver Market – Ecosystem Analysis
Figure 9. Expert Opinion
Figure 10. North America AV Receiver Market: Impact Analysis of Drivers and Restraints
Figure 11. North America AV Receiver Market Forecast and Analysis, (US$ Mn)
Figure 12. North America AV Receiver Market Revenue Share, by Channel (2020 and 2028)
Figure 13. North America Channel 5: AV Receiver Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. North America Channel 7: AV Receiver Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. North America Channel 9: AV Receiver Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. North America Others: AV Receiver Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. North America AV Receiver Market Revenue Share, by Application (2020 and 2028)
Figure 18. North America 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. North America: AV Receiver Market, by Key Country – Revenue (2020) (US$ Million)
Figure 21. North America: AV Receiver Market Revenue Share, by Key Country (2020 and 2028)
Figure 22. US: AV Receiver Market – Revenue Forecast to 2028 (US$ Million)
Figure 23. Canada: AV Receiver Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Mexico: AV Receiver Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Impact of COVID-19 Pandemic in North America Country Markets
- Anthem
- Arcam
- Audio Control Inc.
- LG Electronics
- Marantz
- NAD Electronics
- Onkyo Corporation
- Pyle Audio
- Sony Corporation
- Yamaha Corporation
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America 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 North America 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 North America 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