Middle East and Africa 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)         

Middle East and Africa 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 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.

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