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
Research Methodology: Automotive Loudspeaker Market - Global Market Assessment, 2021 - 2028
The global Automotive Loudspeakermarket research study is based on a comprehensive research methodology that is used to arrive at the market estimations and forecasts. This methodology aid analysts and to learn and understanding market facts and insights from the innermost levels of the market. The whole research process involves 3 major activities: Secondary Research, Primary Research, and Data Triangulation. Secondary resources are utilized to gain insights on the market and later primary research is conducted to revalidate the information and conclusion derived from the secondary research. Out of the total primary respondents, 24% were from North America, 29% were from Europe, 31% were from the Asia Pacific, and the rest of the respondents were from Latin America and MEA.
Secondary Research
Primary Research:
The information gained/procured from the secondary data sources is validated through extensive primary interviews with industry experts across the Automotive Loudspeaker supply chain. The primary research is also conducted to identify key players in the market and to gather and validate already procured information pertaining to their market-specific financial information. Moreover, primary research is used to gain/validate information about:
- Automotive Loudspeaker market size at regional and country level
- Understanding market developments, future growth prospects, and upcoming challenges
- Overview of the Automotive Loudspeaker supply chain and overall ecosystem
Data Triangulation and Market Size Estimations
The information procured from the secondary and primary resources is undergone through data triangulation methods to attain more accurate results on quantitative and qualitative analysis for specific market research studies. This helps to study any minutest details of the market along with building a clearer market-specific view for revenue estimations, industry trends, within each end-use industry, and estimate future trends within the market. After arriving at the global market numbers, top-down and bottom-up approaches are used to estimate, validate and finalize the market size of the Automotive Loudspeaker market.
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.
