Asia Pacific 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)
Description
Asia Pacific 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 APAC is expected to grow from US$ 741.98 million in 2021 to US$ 1,062.23 million by 2028; it is estimated to grow at a CAGR of 5.3% from 2021 to 2028.
The increasing disposable income of the population in APAC countries is boosting the spending on home theaters from the residential sector. Moreover, the demand for smart systems has increased over the years to ensure efficient wireless connectivity in devices. Manufacturers of receivers for modern home cinema systems are integrating a range of technologies, such as 8K video, Dolby Atmos, Wi-Fi music streaming, and high-quality audio with their product offerings.
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—Wi-Fi, Air Play 2, Spotify, Bluetooth, and Yamaha's Music Cast system—for efficient and hassle-free streaming from any device. Similarly, the Onkyo TX-NR6100 offers a wide streaming selection format, such as built-in Chromecast, DTS Play-Fi, Spotify, Air Play, and Bluetooth. The rising demand for wireless connectivity for AV receivers would influence the demand for wireless technology integrated systems, which is expected to fuel the growth of the APAC AV receiver market during the forecast period.
The limitations imposed by several governments across APAC to control the spread of COVID-19 during the initial stage of the pandemic (Q1 2020) severely affected the manufacturing sector, mainly through the availability of a limited workforce in industries such as automotive, manufacturing (including AV receiver manufacturing). Moreover, owing to job loss or salary cuts, buying capacity of customers decreased substantially across developing countries, such as India. The reduced buying power hampered the sales of electronic devices, as well as the demand for AV receivers across the region. However, as the economies re-opened and industries began their operations in the second half of 2020, the requirement for AV receivers from the residential and commercial sectors started to grow gradually. Also, with the relaxation of earlier social restrictions, companies can now work with high workforce capacity, which is contributing to the normalization of the AV receiver market in APAC.
With new features and technologies, vendors can attract new customers and expand their footprints in APAC AV receiver market. This factor is likely to drive the market at a good CAGR during the forecast period.
APAC AV Receiver Market Revenue and Forecast to 2028 (US$ Million)
APAC AV Receiver Market Segmentation
APAC 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 APAC 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 APAC AV receiver market in 2020. Based on country, the APAC AV receiver market is segmented into Australia, China, India, Japan, South Korea, and rest of APAC. China held the largest market share in 2020. Arcam, LG Electronics, Marantz, NAD Electronics, Onkyo Corporation, Pyle Audio, Sony Corporation, and Yamaha Corporation are among the leading companies in the APAC AV receiver market.
Reasons to Buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC 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 APAC 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 APAC 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
The AV receiver market in APAC is expected to grow from US$ 741.98 million in 2021 to US$ 1,062.23 million by 2028; it is estimated to grow at a CAGR of 5.3% from 2021 to 2028.
The increasing disposable income of the population in APAC countries is boosting the spending on home theaters from the residential sector. Moreover, the demand for smart systems has increased over the years to ensure efficient wireless connectivity in devices. Manufacturers of receivers for modern home cinema systems are integrating a range of technologies, such as 8K video, Dolby Atmos, Wi-Fi music streaming, and high-quality audio with their product offerings.
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—Wi-Fi, Air Play 2, Spotify, Bluetooth, and Yamaha's Music Cast system—for efficient and hassle-free streaming from any device. Similarly, the Onkyo TX-NR6100 offers a wide streaming selection format, such as built-in Chromecast, DTS Play-Fi, Spotify, Air Play, and Bluetooth. The rising demand for wireless connectivity for AV receivers would influence the demand for wireless technology integrated systems, which is expected to fuel the growth of the APAC AV receiver market during the forecast period.
The limitations imposed by several governments across APAC to control the spread of COVID-19 during the initial stage of the pandemic (Q1 2020) severely affected the manufacturing sector, mainly through the availability of a limited workforce in industries such as automotive, manufacturing (including AV receiver manufacturing). Moreover, owing to job loss or salary cuts, buying capacity of customers decreased substantially across developing countries, such as India. The reduced buying power hampered the sales of electronic devices, as well as the demand for AV receivers across the region. However, as the economies re-opened and industries began their operations in the second half of 2020, the requirement for AV receivers from the residential and commercial sectors started to grow gradually. Also, with the relaxation of earlier social restrictions, companies can now work with high workforce capacity, which is contributing to the normalization of the AV receiver market in APAC.
With new features and technologies, vendors can attract new customers and expand their footprints in APAC AV receiver market. This factor is likely to drive the market at a good CAGR during the forecast period.
APAC AV Receiver Market Revenue and Forecast to 2028 (US$ Million)
APAC AV Receiver Market Segmentation
APAC 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 APAC 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 APAC AV receiver market in 2020. Based on country, the APAC AV receiver market is segmented into Australia, China, India, Japan, South Korea, and rest of APAC. China held the largest market share in 2020. Arcam, LG Electronics, Marantz, NAD Electronics, Onkyo Corporation, Pyle Audio, Sony Corporation, and Yamaha Corporation are among the leading companies in the APAC AV receiver market.
Reasons to Buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC 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 APAC 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 APAC 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
Table of Contents
101 Pages
- 1. Introduction
- 1.1 Scope of the Study
- 1.2 The Insight Partners Research Report Guidance
- 1.3 Market Segmentation
- 2. APAC AV Receiver Market- Key Takeaways
- 3. Research Methodology
- 3.1 Coverage
- 3.2 Secondary Research
- 3.3 Primary Research
- 4. APAC AV Receiver Market Landscape
- 4.1 Market Overview
- 4.2 APAC PEST Analysis
- 4.3 Ecosystem Analysis
- 4.4 Expert Opinion
- 5. APAC AV Receiver Market - Key Industry Dynamics
- 5.1 Market Drivers
- 5.1.1 Rising Adoption of Smart TVs and Home Theaters
- 5.1.2 Big Market Players Providing Strategic Developments and Investments
- 5.2 Market Restraints
- 5.2.1 Limited Adoption across developing & Underdeveloped of AV Receivers
- 5.3 Market Opportunities
- 5.4 Future Trends
- 5.4.1 Upcoming of Advanced Technological Integration such as Wi-Fi, Bluetooth, and Airplay with AV Receivers
- 5.5 Impact Analysis of Drivers and Restraints
- 6. AV Receiver Market - APAC Analysis
- 6.1 Overview
- 6.2 APAC AV Receiver Market Forecast and Analysis
- 7. APAC AV Receiver Market Analysis - by Channel
- 7.1 Overview
- 7.2 APAC 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. APAC AV Receiver Market Analysis - by Application
- 8.1 Overview
- 8.2 APAC 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. APAC AV Receiver Market - Country Analysis
- 9.1 Overview
- 9.1.1 APAC: AV Receiver Market, by Key Country
- 9.1.1.1 Australia: AV Receiver Market - Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.1.1 Australia: AV Receiver Market, by Channel
- 9.1.1.1.2 Australia: AV Receiver Market, by Application
- 9.1.1.2 China: AV Receiver Market - Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.2.1 China: AV Receiver Market, by Channel
- 9.1.1.2.2 China: AV Receiver Market, by Application
- 9.1.1.3 India: AV Receiver Market - Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.3.1 India: AV Receiver Market, by Channel
- 9.1.1.3.2 India: AV Receiver Market, by Application
- 9.1.1.4 Japan: AV Receiver Market - Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.4.1 Japan: AV Receiver Market, by Channel
- 9.1.1.4.2 Japan: AV Receiver Market, by Application
- 9.1.1.5 South Korea: AV Receiver Market - Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.5.1 South Korea: AV Receiver Market, by Channel
- 9.1.1.5.2 South Korea: AV Receiver Market, by Application
- 9.1.1.6 Rest of APAC: AV Receiver Market - Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.6.1 Rest of APAC: AV Receiver Market, by Channel
- 9.1.1.6.2 Rest of APAC: AV Receiver Market, by Application
- 10. Impact of COVID-19 Pandemic on APAC AV Receiver Market
- 10.1 APAC: 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. APAC AV Receiver Market Revenue and Forecasts to 2028 (US$ Mn)
- Table 2. Australia: AV Receiver Market, by Channel -Revenue and Forecast to 2028 (US$ Million)
- Table 3. Australia: AV Receiver Market, by Application -Revenue and Forecast to 2028 (US$ Million)
- Table 4. China: AV Receiver Market, by Channel -Revenue and Forecast to 2028 (US$ Million)
- Table 5. China: AV Receiver Market, by Application -Revenue and Forecast to 2028 (US$ Million)
- Table 6. India: AV Receiver Market, by Channel -Revenue and Forecast to 2028 (US$ Million)
- Table 7. India: AV Receiver Market, by Application -Revenue and Forecast to 2028 (US$ Million)
- Table 8. Japan: AV Receiver Market, by Channel -Revenue and Forecast to 2028 (US$ Million)
- Table 9. Japan: AV Receiver Market, by Application -Revenue and Forecast to 2028 (US$ Million)
- Table 10. South Korea: AV Receiver Market, by Channel -Revenue and Forecast to 2028 (US$ Million)
- Table 11. South Korea: AV Receiver Market, by Application -Revenue and Forecast to 2028 (US$ Million)
- Table 12. Rest of APAC: AV Receiver Market, by Channel -Revenue and Forecast to 2028 (US$ Million)
- Table 13. Rest of APAC: AV Receiver Market, by Application -Revenue and Forecast to 2028 (US$ Million)
- Table 14. Glossary of terms, APAC AV receiver market
- List of Figures
- Figure 1. APAC AV Receiver Market Segmentation
- Figure 2. APAC AV Receiver Market Segmentation - By Country
- Figure 3. APAC AV Receiver Market Overview
- Figure 4. Channel 7 Held the Highest Share in APAC AV Receiver Market in 2020
- Figure 5. Residential Held the Highest Share in APAC AV Receiver Market in 2020
- Figure 6. APAC AV Receiver Market, by Country
- Figure 7. APAC- PEST Analysis
- Figure 8. APAC AV Receiver Market - Ecosystem Analysis
- Figure 9. Expert Opinion
- Figure 10. APAC AV Receiver Market: Impact Analysis of Drivers and Restraints
- Figure 11. APAC AV Receiver Market Forecast and Analysis, (US$ Mn)
- Figure 12. APAC AV Receiver Market Revenue Share, by Channel (2020 and 2028)
- Figure 13. APAC Channel 5: AV Receiver Market Revenue and Forecast to 2028 (US$ Million)
- Figure 14. APAC Channel 7: AV Receiver Market Revenue and Forecast to 2028 (US$ Million)
- Figure 15. APAC Channel 9: AV Receiver Market Revenue and Forecast to 2028 (US$ Million)
- Figure 16. APAC Others: AV Receiver Market Revenue and Forecast to 2028 (US$ Million)
- Figure 17. APAC AV Receiver Market Revenue Share, by Application (2020 and 2028)
- Figure 18. APAC 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. APAC: AV Receiver Market, by Key Country - Revenue (2020) (US$ Million)
- Figure 21. APAC: AV Receiver Market Revenue Share, by Key Country (2020 and 2028)
- Figure 22. Australia: AV Receiver Market - Revenue and Forecast to 2028 (US$ Million)
- Figure 23. China: AV Receiver Market - Revenue and Forecast to 2028 (US$ Million)
- Figure 24. India: AV Receiver Market - Revenue and Forecast to 2028 (US$ Million)
- Figure 25. Japan: AV Receiver Market - Revenue, and Forecast to 2028 (US$ Million)
- Figure 26. South Korea: AV Receiver Market - Revenue and Forecast to 2028 (US$ Million)
- Figure 27. Rest of APAC: AV Receiver Market - Revenue, and Forecast to 2028 (US$ Million)
- Figure 28. Impact of COVID-19 Pandemic in APAC Country Markets
Pricing
Currency Rates
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