Middle East and Africa AV Receiver Market

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 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.

Middle East and Africa AV Receiver Strategic Insights

Strategic insights for the Middle East and Africa AV Receiver provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Middle East and Africa AV Receiver Report Scope

Middle East and Africa AV Receiver Regional Insights

The geographic scope of the Middle East and Africa AV Receiver refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.