Global Car Audio Market Growth 2023-2029

Global Car Audio Market Growth 2023-2029

Vehicle audio is equipment installed in a car or other vehicle to provide in-car entertainment and information for the vehicle occupants. Until the 1950s it consisted of a simple AM radio. Additions since then have included FM radio (1952), 8-track tape players, cassette players, record players, CD players (1984), DVD players, Blu-ray players, navigation systems, Bluetooth telephone integration, and smartphone controllers like CarPlay and Android Auto. Once controlled from the dashboard with a few buttons, they can now be controlled by steering wheel controls and voice commands. It consists of head unit, speaker, power amplifier, etc.

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

This Insight Report provides a comprehensive analysis of the global Car 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 Car Audio portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Car Audio market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Car 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 Car Audio.

The global Car Audio market size is projected to grow from US$ 10990 million in 2022 to US$ 13560 million in 2029; it is expected to grow at a CAGR of 13560 from 2023 to 2029.

Panasonic is one of the most important global key manufacturers of car audio, holds over 10% of shares of the global car audio market, other key players include Alpine Electronics, Continental, Pioneer, etc. Asia Pacific is the largest market, occupied for about 40 percent, followed by the Europe. In terms of type, OEM type is the largest segment, with a share of over 90%, and in terms of application, the passenger car segment holds a share of over 70 percent.

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

Market Segmentation:

Segmentation by type
OEM
Aftermarket

Segmentation by application
Passenger Car
Commercial Vehicle

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
HARMAN
Alpine Electronics
Continental
Pioneer
Denso Ten
Bose
Clarion
Hyundai Mobis
Sony
Olom
Vervent Audio Group
Dynaudio
Burmester Audiosysteme

Key Questions Addressed in this Report

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

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

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

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

How does Car 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.