Global Automotive Audio Speakers Market 2024-2028
The automotive audio speakers market is forecasted to grow by USD 9024.4 mn during 2023-2028, accelerating at a CAGR of 7.82% during the forecast period. The report on the automotive audio speakers market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by availability of cost-effective aftermarket speakers, growing demand for differentiated in-car experiences, and increased r and d to deliver superior products.
Technavio's automotive audio speakers market is segmented as below:
By Distribution Channel
By Application
- Passenger vehicles
- Commercial vehicles
By Geography
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the emergence of iot-enabled smart speakers as one of the prime reasons driving the automotive audio speakers market growth during the next few years. Also, development of speaker-less audio systems and regulations pertaining to electric cars will lead to sizable demand in the market.
The report on the automotive audio speakers market covers the following areas:
- Automotive audio speakers market sizing
- Automotive audio speakers market forecast
- Automotive audio speakers market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive audio speakers market vendors that include Alps Alpine Co. Ltd., Bang and Olufsen Group, Blaupunkt, BASSOHOLIC, Bose Corp., Burmester Audiosysteme GmbH, Continental AG, DENSO Corp., Fender Musical Instruments Corp., Goertek Inc., JL Audio Inc., JVCKENWOOD Corp., Masimo Corp., McIntosh Group, Meridian Audio Ltd., Panasonic Holdings Corp., Pioneer Corp., Samsung Electronics Co. Ltd., Sony Group Corp., and VerVent Audio Group. Also, the automotive audio speakers market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.