AV Receiver Market is expected to reach US$ 2,616.44 Million by 2028 | The Insight Partners

Increasing Integration of Wi-Fi, Bluetooth, and Airplay to Propel AV Receiver Market Growth during 2021-2028

The increasing disposable income of the global population is influencing the rise in spending on home theaters from the residential sector. However, smart systems have experienced a rise over the years for efficient and wireless connectivity of devices. The manufacturers of modern home cinema receivers are integrating range of technologies such as 8K video, dolby atmos, Wi-Fi music streaming and high-quality audio. For instance, the Yamaha RX-V6A offers a fresh design with easy control panels and optimum sound quality. The system is integrated with the latest connectivity technologies such as Wi-Fi, AirPlay 2, spotify, bluetooth, and Yamaha's MusicCast system for efficient and hassle-free streaming from any devices. Similarly, the Onkyo TX-NR6100 also offers a wide streaming selection format to its uses such as chromecast built in, DTS Play-Fi, Spotify, AirPlay and Bluetooth. The rising demand for wireless connectivity for audio/video receiver is influencing the demand for the wireless technology integrated systems, thereby influencing the AV receiver market growth.

Get sample Copy of the report, along with the TOC, Statistics, and Tables please visit at: https://www.theinsightpartners.com/sample/TIPRE00027335/?utm_source=OpenPR&utm_medium=10452

The List of Companies AV Receiver Market
Arcam
LG Electronics
Marantz
Pyle Audio
Yamaha Corporation
Sony Corporation
Onkyo Corporation
NAD Electronics
Anthem
Audio Control Inc.

Players operating in the AV Receiver Market are mainly focused on the development of advanced and efficient products.

In January 2021, Yamaha Music India Pvt. Ltd. launched two new A/V receivers for the Indian market. The RX-V6A and RX V4A audio/video receivers were launched by the company which supports 8K, HDMI 2.1, and HDR10+. The RX-V4A model supports 5 channels, whereas the RX-V6A model supports 7 channels.

In November 2020, Anthem Inc., introduced its all-new MRX 540, 740, and 1140 A/V Receivers, AVM 70 and 90 A/V Processors, and MCA 225, 325, and 525 Power Amplifiers. These new enhancements, which include industry-leading room correction, professional management of the newest audio formats, and strong integration, will enable the company to continue setting the standard for excellent performance in a budget-friendly manner.

Impact of COVID-19 Pandemic on AV Receiver Market Growth:

The European automotive industry was severely hit and experienced a decline of more than 20% in overall automotive production due to severe supply chain disruption caused by imposed lockdowns, thereby lowing the growth for AV receiver market across the automotive sector in Europe. However, the residential segment experienced a rise in demand in European countries. On the other side, the demand could not be fulfilled owing to e-commerce operation and retail outlet closures. These factors negatively impacted the AV receiver market growth. The COVID-19 pandemic has compelled manufacturers to streamline their production processes to tackle unexpected disruption and resolve uncertain challenges, like physical distancing. Considering increasing vaccination drives, demand for AV receivers is recovering from the Q3 of 2020 with companies investing in making operations efficient and productive.

The AV receiver market is segmented on the basis of channel, application, and geography. Based on channel, the market is segmented into channel 5, channel 7, channel 9, and others. Based on application, the AV receiver market is bifurcated into residential and commercial. Based on geography, the market is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South and Central America.

Interested in purchasing this Report? Click Here: https://www.theinsightpartners.com/buy/TIPRE00027335/?utm_source=OpenPR&utm_medium=10452

Contact Us:
The Insight Partners
Email: sales@theinsightpartners.com
Phone: +1-646-491-9876

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

This release was published on openPR.