Automotive Audio System Market
Automotive Audio System Market Global Industry Assessment & Forecast
#
Pages:
142
2021
Nov - 2021
VMR-2021-0738
Segments Covered
By
Product Speaker, Head Unit (including Audio Visuals), Amplifier, Other
-
By
Application Passenger Car, Commercial Vehicle
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
7.61 Billion |
 Revenue 2028:
|
11.51 Billion |
 Revenue CAGR
(2021 - 2028): |
5.31% |
Fastest Growing Region (2022 -
2028)
|
North America |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
| Sr. No. | Offering | Report Coverage |
| 1. | Market Size | In terms of Revenue (USD Million) |
| 2. | Historic Data | 2015 to 2019 |
| 3. | Forecast Data | 2021 to 2028 |
| 4. | Market Drivers, Restraints, Opportunities, & Regional Market Trends | Yes |
| 5. | Market Attractiveness Analysis | Yes |
| 6. | Segment Analysis | Maximum Segments |
| 7. | Regional Coverage | 5 Regions |
| 8. | Country Coverage | Top 22 Countries |
| 9. | Competitive Landscape and Company Market Share Analysis | Yes. Exhaustive information will be provided in two separate chapters of Competitive Landscape and Company Profiles. |
| 10. | Porter’s Five Forces Analysis | Yes. |
| 11. | Value Chain Analysis | Yes |
| 12. | PEST Analysis | Yes |
| 13. | Regulatory Landscape | Yes |
| 14. | Technology Landscape | Yes |
| 15. | COVID-19 Impact Analysis | Yes. Exhaustive information for Key Strategies Undertaken by Companies, Impact Assessment of the COVID-19 Pandemic by Region, along with Short-term and Long-term dynamics. |
| 16. | Top startups to watch out for | Yes |
| 17. | Top 3 Trends to Watch | Yes |
| 18. | Top 3 Strategies Followed by Major Players | Yes |
| 19. | Top 3 Predictions by Vantage Market Research | Yes |
| 20. | Discussion Guide | Yes |
| 21. | Key Primary Respondents - VERBATIM | Yes |
| 22. | Transcripts from the Primary Respondents | Additional Cost USD 1,000 |
| 23. | Others/Miscellaneous | |
FAQ
Frequently Asked Question
What is the global demand for Automotive Audio System in terms of revenue?
-
The global Automotive Audio System valued at 7.61 Billion in 2020 and is expected to reach 11.51 Billion in 2028 growing at a CAGR of 5.31%%.
Which are the prominent players in the market?
-
The prominent players in the market are Bose, Mitsubishi Electric, Silan, Sony, Bang and Olufsen, Fujitsu Ten, Delphi, Panasonic, DandM Holdings, Pioneer, Boss Audio Systems, Clarion, Continental, Newsmy, Bowers and Wilkins, Bosch, Alpine, Harman, LEAR, Hyundai Mobis..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 5.31%% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the Automotive Audio System include
- The increasing automotive sale worldwide is anticipated to augment the global automotive audio system market in the years to come. This is attributable to the increasing urbanization and rising disposable income of consumers. This is letting consumers to spend more on luxury cars that are equipped with high-end audio systems. Most of the major players in automotive industry are also focussing on including premium audio systems in order to deliver such high-quality sound and increase their sales are factors driving the market
- The Growing popularity of connected and smart device is another major factor driving the global automotive audio system market during the forecast period. These systems include smartphone connectivity, which can be done through bluetooth or Wi-Fi technologies. This allows consumers to access messages and other useful data. Moreover, consumers can alter these systems according to their requirements as well, which is also supporting to the growing popularity of these systems. Furthermore, the technological advancement such as edge computing in the vehicle to provide security and real time data is also driving the demand for these systems.
Which region accounted for the largest share in the market?
-
North America was the leading regional segment of the Automotive Audio System in 2020.
