Automotive Amplifier Market

Automotive Amplifier Market

Growth Factors of Automotive Amplifier Market

The automotive amplifier market size was valued at USD 3.79 billion in 2022, and the market is now projected to grow from USD 4 billion in 2023 to USD 6.27 billion by 2030, exhibiting a CAGR of 6.6% during the forecast period of 2023-2030.

The COVID-19 pandemic has especially affected the automobile and related markets, including the automotive amplifier market growth. Economic fluctuations as well as shifting customer preferences influenced the decrease in sales of new automobiles, particularly those with advanced sound features. The lockdown led to the contraction of the motor vehicle industry by 14% reducing the opportunities in the automotive amplifier market. The consumers also proved less enthusiastic about aftermarket audio upgrades during this period of instability. However, the manufacturers did not just sit back and wait, there were safety measures taken and consumer confidence was slowly built back up again.

High-quality audio systems for vehicles are a major demand, causing robust automotive amplifier market share in the auto electronics market. Modern technologies, including surround sound and noise cancellation, make the in-car audio system more impressive. Automotive amplifiers now incorporate innovations such as Dolby Atmos and DTS:X, to produce a rich, theatrical experience similar to a theatre. This tendency of the improvement of audio characteristics enables consuming differentiated audio for consumers. While automotive manufacturers work on innovative sound technologies, amplifiers form an integral part of vehicular audio designs, thereby auguring well for the market’s growth.

Additionally, the growing demand for electric and connected vehicles is set to boost the automotive amplifier market. Electric vehicles prioritize energy efficiency, prompting amplifier manufacturers to innovate with power-efficient models that deliver high-quality sound. As EVs operate more quietly, premium audio becomes essential, enhancing the driving experience. Connected EVs feature advanced entertainment systems, where amplifiers play a crucial role in delivering rich audio and navigation support. Electric vehicles have gained significant market share after the COVID-19 pandemic pushing many companies seeking better sound innovations.

Comprehensive Analysis of Automotive Amplifier Market

The automotive amplifier market and automotive industry are rising due to its market segmentation. This market expansion effectively provides detailed regional assessments considering the dominant supply and demand forces that impact the automotive industry. These segmentations are methodically segregated by vehicle type and by sales channel. The vehicle type includes, Passenger Vehicles, Light Commercial Vehicles and Heavy Commercial Vehicles. The sales channel includes, OEM and Aftermarket.

The Asia Pacific region is considered to be the largest consumer of automotive amplifiers as there is expected to be a high rate of sales of automobiles shortly. A rising usage of automobiles especially in emerging markets such as China and India fuels the use of advanced sound equipment. The market has demanded newer and exciting audio technologies, especially amplifier systems. The automotive industry in this region is among the largest and has been experiencing rapid growth in the global market. With the current progression in the manufacturing of automobiles and their sales, the advances in automotive components for instance amplifiers will equally improve.

The top players in the market play a crucial role in the automotive industry assuring industrial prospectus growth and setting market standards. These players include, Panasonic Corporation (Japan), STMicroelectronics (Switzerland), Texas Instruments (U.S.), NXP Semiconductors (Netherlands), Analog Devices (U.S.), Infineon Technologies (Germany), Sony Group Corporation (Japan), ELETTROMEDIA S.R.L (Italy), JLAudio (U.S.), Stillwater Designs (U.S.), Soundstream Technologies (U.S.) and Rockford Corp (U.S.). These market players provide a level-playing competitive landscape.

In March 2023, STMicroelectronics launched an automotive micro-power operational amplifier suitable for long-term use at low power consumption with a temperature range of -40°C to -150°C. Also, it is classified as a Class 0 device and hence this latest op-amp is extremely rugged it can operate continuously at 65°C for over 25 years. In contrast, Class 1 devices are rated for approximately eight years before any possible failures arise.

Segmentation Table

Global Automotive Amplifier Market Scope

Study Period 2019-2030

Base Year 2022

Forecast Period 2023-2030

Growth Rate CAGR of 6.6% from 2023 to 2030

Historical Period 2019-2021

Unit Value (USD Billion) and Volume (Units)

Segmentation By Vehicle Type, Sales Channel, and Geography

By Vehicle Type

Passenger Vehicles

Light Commercial Vehicles

Heavy Commercial Vehicles

By Sales Channel

OEM

Aftermarket

By Geography

North America (By Vehicle Type, Sales Channel)

• U.S. (By Vehicle Type)
• Canada (By Vehicle Type)
• Mexico (By Vehicle Type)

Europe (By Vehicle Type, Sales Channel)

• U.K. (By Vehicle Type)
• Germany (By Vehicle Type)
• France (By Vehicle Type)
• Rest of Europe (By Vehicle Type)

Asia Pacific (By Vehicle Type, Sales Channel)

• China (By Vehicle Type)
• India (By Vehicle Type)
• Japan (By Vehicle Type)
• South Korea (By Vehicle Type)
• Rest of Asia Pacific (By Vehicle Type)

Rest of the World (By Vehicle Type, Sales Channel)


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