Digital Media Receivers Market Share, Size, Demand, Key Players by Forecast 2030

It is estimated for the Global Digital Media Receivers Market to witness the growth at a rate of 6.3% during the forecast period of 2022 to 2030. The market witnessed the growth at a healthy rate during the previous forecast period. The market in the previous forecast year witnessed a slowdown owing to the pandemic situation and thus a majority of countries are still in the stage of recovery after heavy damage and are far from achieving real recovery.

Global Digital Media Receivers Market – Overview

Global supply chain disturbance, geopolitical tension, energy price fluctuation, local labor shortage and rising raw material prices are likely to impact the growth of the market during the forecast period.

Asia is expected to become the fastest growing region in the world in 2022. The Asia Pacific countries of India and China are estimated to lead the market during the forecast period.

It is expected that in 2022, major economies such as the United States, Europe and China will introduce more favourable policies to drive the development of the switching power supply industry.

Scientific and technological innovation, economic and social digitization and green development are the factors that are likely to foster the growth of the market during the forecast period.

Global Digital Media Receivers Market- Key trends

Growing consumer electronics industry will drive the market expansion

The expanding consumer electronics market is the main factor behind the expansion of the USB digital TV receiver market. Lifestyle changes and rapid urbanisation will boost market expansion. Increasing disposable income, affordability, spreading awareness, and the growing use of digital content among the world’s population are the reasons that will further drive the market.

Increase in digital streaming and on-demand video services will aid the market growth

Digital streaming and on-demand video services will become more prevalent, which will further fuel market expansion. High-speed internet, the ability to access video at any time and from any location, and sophisticated features in digital devices will all bolster the market. The short life expectancy of the device, digital latency, and broadcast signal loss as a result of poor conditions are the key factors impeding the growth of the market for USB digital TV receivers.

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Segmental Analysis of the Market

By Type

• USB Inputs
• Auxiliary Inputs
• Bluetooth Connectivity

It is estimated for the USB inputs to drive the growth of the market during the forecast period.

By Application

• Automobile
• Others

It is estimated for the automobile segment to boost the growth of the market during the forecast period.

China to lead the global market for digital media receivers throughout the forecast period

Asia is expected to become the fastest growing region in the world in 2022. The Asia Pacific countries of India and China are estimated to lead the market during the forecast period. During the forecast period major economies such as the United States, Europe and China will introduce more favorable policies to drive the development of switching power supply industry.

Competitive Landscape

Some of the prominent companies operating in the market are

• Kenwood
• Power Acoustik
• Pioneer
• BOSS Audio
• Sony
• JVC
• Alpine
• MB Quart
• Soundstream
• Memphis Car Audio
• Planet Audio

Major questions answered in this report

• What is the growth rate of the Global Digital Media Receivers Market?
• What are the primary growth determinants of the market?
• Which are the major regions constituting the geographical landscape of the market?
• Which are the prominent companies operating in the market?

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Key takeaways from the report

• It is estimated for the Global Digital Media Receivers Market to witness the growth at a rate of 6.3% during the forecast period of 2022 to 2030.
• . The market in the previous forecast year witnessed a slowdown owing to the pandemic situation and thus a majority of countries are still in the stage of recovery after heavy damage and are far from achieving real recovery.
• Global supply chain disturbance, geopolitical tension, energy price fluctuation, local labor shortage and rising raw material prices is likely to impact the growth of the market during the forecast period.
• The Asia Pacific countries such as India and China are estimated to lead the market during the forecast period.