Automotive Loudspeaker Market
Automotive Loudspeaker Market Global Industry Assessment & Forecast
#
Pages:
169
2021
Nov - 2021
VMR-2021-0739
Segments Covered
By
Type 2-Way Speaker, 3-Way Speaker, 4-Way Speaker
-
By
Vehicle Type Passenger Car, Commercial Vehicle
-
By
Sales Channel OEM, Aftermarket
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
4.25 Billion |
 Revenue 2028:
|
8.34 Billion |
 Revenue CAGR
(2021 - 2028): |
7.20% |
Fastest Growing Region (2022 -
2028)
|
Asia Pacific |
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
The report delivers an acute breakdown of the
market based on various segments such as Type, Vehicle Type, Sales Channel
and Region. All the segments are studied considering historical and future
trends across geographies. All the segments are analyzed based on trends,
market size, and forecast, and the data is provided for the years 2016–2028.
Several growth factors and opportunities impacting various segments have been
incorporated in the report. On the basis of Type,
the market is divided into 2-Way Speaker, 3-Way Speaker, 4-Way Speaker. 2-way speaker held the largest
share in 2020 and is projected to grow at a noteworthy CAGR within the forecast
period.
Based on Vehicle Type,
the market is divided into Passenger Car, Commercial Vehicle. Passenger Car attributed to
the highest market share and is expected to grow at a significant CAGR from
2021 to 2028.
Global Automotive Loudspeaker Market: Type Segment Analysis
-
- 2-Way Speaker
- 3-Way Speaker
- 4-Way Speaker
Global Automotive Loudspeaker Market: Vehicle Type Segment Analysis
-
- Passenger Car
- Commercial Vehicle
Global Automotive Loudspeaker Market: Sales Channel Segment Analysis
-
- OEM
- Aftermarket
FAQ
Frequently Asked Question
What is the global demand for Automotive Loudspeaker in terms of revenue?
-
The global Automotive Loudspeaker valued at 4.25 Billion in 2020 and is expected to reach 8.34 Billion in 2028 growing at a CAGR of 7.20%%.
Which are the prominent players in the market?
-
The prominent players in the market are Dynaudio, Harman, Bose, Hivi, Audison, Hyundai Mobis, Blaupunkt, VOXX International, Edifier, Fujitsu Ten, Scosche Industries, Boss Audio Systems, Sony, Philips, Bosch, Clarion, Quanfang, Panasonic, Alpine, Pioneer, Faital, Dual..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 7.20%% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the Automotive Loudspeaker include
- The rapid advancements in the automotive loudspeaker across the globe are expected to augment the growth of the automotive speaker market. As the in-built automotive technology is developing most of the automotive manufacturers are focusing on integrating advanced technologies into their in-car entertainment systems. Additionally, major market players are focussing on innovations pertaining to noise cancellation systems, portable audio technology, and voice-controlled artificial intelligence (AI) entertainment systems to gain a competitive edge in the automotive speaker market which in turn is supporting the growth of the market.
- The shifting inclination towards the usage of on-board infotainment systems in ride sharing services and growing changes in consumer lifestyles are anticipated to support the growth of the market. Consumers are inclined towards using on-board infotainment systems while traveling in public transport and prefer playing and listening to music during travel, which is increasing the demand for automotive loudspeakers.
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the Automotive Loudspeaker in 2020.
