Global Automotive Audio Market Growth 2023-2029

Global Automotive Audio Market Growth 2023-2029

Automotive Audio is equipment installed in a car to provide in-car entertainment and information for the automotive occupants.

The main units are head units, speakers, audio power amplifiers, subwoofers and capacitors.

LPI (LP Information)' newest research report, the “Automotive Audio Industry Forecast” looks at past sales and reviews total world Automotive Audio sales in 2022, providing a comprehensive analysis by region and market sector of projected Automotive Audio sales for 2023 through 2029. With Automotive Audio sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automotive Audio industry.

This Insight Report provides a comprehensive analysis of the global Automotive Audio landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Automotive Audio portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Automotive Audio market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive Audio and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automotive Audio.

The global Automotive Audio market size is projected to grow from US$ 2288.5 million in 2022 to US$ 3063.2 million in 2029; it is expected to grow at a CAGR of 3063.2 from 2023 to 2029.

Market competition is intense. Panasonic, Continental, Fujitsu Ten, Harman and Clarion are the leaders of the industry, with about 54% market shares.

China region is the largest supplier of Automotive Audio, with a production market share nearly 30. Europe is the second largest supplier of Automotive Audio, enjoying production market share nearly 23%.

Europe is the largest consumption place, with a consumption market share nearly 26%. Following Europe, North America and China are the also largest consumption places in the world. And China is the main export - oriented countries.

This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Audio market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Audio Low
Display Audio

Segmentation by application
Passenger Cars
Commercial Cars

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Panasonic
Continental
Fujitsu Ten
Harman
Clarion
Hyundai MOBIS
Visteon
Pioneer
Blaupunkt
Delphi
BOSE
Alpine
Garmin
Denso
Sony
Foryou
Desay SV Automotive
Hangsheng Electronic
E-LEAD Electronic
JL Audio
Burmester
Focal
Dynaudio
Bower & Wilkins

Key Questions Addressed in this Report

What is the 10-year outlook for the global Automotive Audio market?

What factors are driving Automotive Audio market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Automotive Audio market opportunities vary by end market size?

How does Automotive Audio break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.