According to the Market Statsville Group (MSG), the global digital media receivers market size is expected to grow at a CAGR of 5.1% from 2022 to 2030. One of the primary factors driving the market's growth is the rising trend of home automation around the world. Various electrical equipment and gadgets are connected to the home network and DMA (Direct Memory Access) in smart homes, allowing them to communicate with one another. Following this, customers' growing preference for online streaming services is also contributing to market growth. Other growth-inducing aspects include technology developments such as the creation of novel DMAs with increased audio transmission and low instances of freeze frames. These sophisticated DMAs also support high broadband speeds, enhancing the viewing experience for viewers.

Furthermore, product manufacturers are working on tiny versions that require minimum wiring and can be easily put on televisions. Factors such as increased consumer spending power and intensive research and development (R&D) efforts, are expected to propel the market even more.

Global Digital Media Receivers Market Definition

A digital media receiver (DMR) or digital media adapter (DMA) is an electronic device used to connect to a home network and access digital media files including pictures, music, and videos from a home computer or a server. It has an operating system, processor, a collection of programs for accessing streaming services, an in-built Wi-Fi receiver, and an HDMI port for connecting to a television. This allows the user to find and transfer various internet media files to audio or visual (AV) equipment linked to the home media system.

COVID-19 Impact on the Global Digital Media Receivers Market

The pandemic had a significant impact on the digital media receivers market since the transportation stopped due to strict restrictions and lockdown. The automobile industry came to a halt and it also affected the market. As the market is majorly related to the automobile industry, it suffered during the pandemic. However, as the governments started to ease the restrictions, the market started gaining popularity and maintaining its position. The supply chain was disrupted as several basic equipment and commodities are heavily reliant on imports from other nations. Owing to the government's announcement of total lockdown and temporary suspension of companies, the overall manufacturing process was negatively impacted, limiting the worldwide market opportunity for digital media adapters. As a result, aforementioned factors work against the market's growth. However, following the COVID-19 pandemic, the market for digital media adapters will develop because of the diverse and innovative applications of digital media adapters, such as residential and commercial.

Scope of the Global Digital Media Receivers Market

The study categorizes the digital media receivers market based on type and application at the regional and global levels.

By Type (Sales, USD Million, 2017-2030)

• USB Inputs
• Auxiliary Inputs
• Bluetooth Connectivity

By Application (Sales, USD Million, 2017-2030)

• Automobile
• Residential
• Commercial
• Others

By Region Outlook (Sales, USD Million, 2017-2030)

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Italy
  • France
  • UK
  • Spain
  • Poland
  • Russia
  • The Netherlands
  • Norway
  • Czech Republic
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Indonesia
  • Malaysia
  • Thailand
  • Singapore
  • Australia & New Zealand
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Colombia
  • Rest of South America
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Northern Africa
  • Rest of MEA

Automobile segment is projected to account for the largest market share, by application

Based on application, the global digital media receivers market is divided into automobile and others. In 2021, the automobile segment accounted for the largest market share in the global digital media receivers market. The rise of smart electric vehicles reflects many changes in the consumers behavior from personal transportation to new era of the in-car experience. This increases the demand for digital media receivers and attributes to its largest market share.

Asia Pacific accounts for the highest CAGR during the forecast period

Based on the regions, the global digital media receivers market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. Globally, Asia Pacific is estimated to hold the highest CAGR in the global digital media receivers market during the forecast period. The region includes the countries such as China, India, Japan, South Korea, Australia, Southeast Asia, and the Rest of Asia-Pacific. The growth of the region is primarily due to the growing automobile and IT industry in strong economic emerging countries such as China, Indonesia, Malaysia, and India.

Key Market Players in the Global Digital Media Receivers Market

The global digital media receivers market is highly competitive with key industry players adopting strategies such as partnerships, acquisitions, agreements, product development, and expansion to strengthen their market positions. Most companies in the market are indulged in expanding business across regions, enhancing their capabilities, and molding strong partner relations.

Major players in the global digital media receivers market are:

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

Key Issues Addressed

• What is the market size by various segmentation of the digital media receivers by region and its respective countries?
• What are the customer buying behavior, key takeaways, and Porter's 5 forces of the digital media receivers market?
• What are the key opportunities and trends for manufacturers involved in the digital media receivers supply chain?
• What are the fundamental dynamics (drivers, restraints, opportunities, and challenges) of the market?
• What and how regulations, schemes, patents, and policies are impacting the growth of the market?
• What are the upcoming technological solutions influencing market trends? How will existing companies adapt to the new change in technology?
• The market player positioning, top winning strategies by years, company product developments, and launches will be?
• How has COVID-19 impacted the demand and sales of digital media receivers in the global market? Also, the expected BPS drop or rise count of the market and market predicted recovery period.
• Detailed analysis of the competitors and their latest launch, and what are the prominent startups introduced in the target market? Also, detailed company profiling of 25+ leading and prominent companies in the market.