Home entertainment contains components such as television, home theaters, projectors, and various other high-end electronic systems. The consumer electronics sector has changed dramatically over the previous decade with new entertainment options entering the market such as digital set-top boxes, home theatre systems, media players such as Blu-ray, 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 SAM population and willingness to spend more on entertainment solutions. 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. Therefore, The Home Theater Company developed customized home theatre packages based on customers' preferences, room size, and design. The rising adoption of home theatres positively influences the demand for AV receivers there by driving market growth.
With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the SAM AV receiver market.
The SAM AV receiver market is expected to grow at a good CAGR during the forecast period. SAM 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 SAM 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 SAM AV receiver market in 2020. Based on country, the SAM AV receiver market is segmented into Brazil. Argentina, and rest of SAM. Brazil held the largest market share in 2020. Further, Arcam, LG Electronics, Marantz, NAD Electronics, Onkyo Corporation, Pyle Audio, Sony Corporation, and Yamaha Corporation.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 47.83 Million |
| Market Size by 2028 | US$ 54.97 Million |
| CAGR (2021 - 2028) | 2.0% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Channel
|
| Regions and Countries Covered |
South and Central America
|
| Market leaders and key company profiles |
|
The South America AV Receiver Market is valued at US$ 47.83 Million in 2021, it is projected to reach US$ 54.97 Million by 2028.
As per our report South America AV Receiver Market, the market size is valued at US$ 47.83 Million in 2021, projecting it to reach US$ 54.97 Million by 2028. This translates to a CAGR of approximately 2.0% during the forecast period.
The South America AV Receiver Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South America AV Receiver Market report:
The South America AV Receiver Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South America AV Receiver Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South America AV Receiver Market value chain can benefit from the information contained in a comprehensive market report.
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