Global Car Speaker Systems Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Car Speaker Systems Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A car speaker system is an electro-acoustic transducer that converts electrical energy into sound energy. The quality and performance of the car speakers play a decisive role in the sound reproduction effect of the entire audio system. The car acoustic environment is one of the most challenging acoustic environments. The diversity of car noise, the limited nature of the car environment and the dynamics of the driving process determine the complexity of the design and layout of car speakers.

Market Overview:

The latest research study on the global Car Speaker Systems market finds that the global Car Speaker Systems market reached a value of USD 2594.5 million in 2022. It’s expected that the market will achieve USD 3402.51 million by 2028, exhibiting a CAGR of 4.62% during the forecast period.

Car Speaker Systems Market Challenges

The core raw materials of the speaker include magnetic steel, voice coil, T-Yoke, etc., as well as some metal materials, such as copper. The price of global metal materials is also rising and fluctuating due to the fluctuation of the bulk market, and the price of magnetic steel, the core material, is also rising. Magnet prices have been rising for more than 15 consecutive months since November 2021. The increase in manufacturing costs will affect corporate profits, which in turn will bring risks to corporate operations, which is a challenge for companies.

Region Overview:

North America had the highest growth rate of all regions.

Company Overview:

The top three companies are Sony, BOSE and Sonavox with the revenue market share of 11.11%, 9.26% and 7.43% in 2021.

Sony Electronics is a leading provider of audio/video electronics and information technology products for the consumer and professional markets.

Bose is known as one of the major makers of speakers, headphones, and other related products for the home entertainment, automotive, health, military, and pro audio markets. It manufactures a variety of consumer models for stereo systems and home theaters, including its compact Wave radio system.

Segmentation Overview:

Among different product types, Woofers segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Passenger Vehicles segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Car Speaker Systems market covered in Chapter 3:

Pioneer Corporation
Foster Electric Company, Limited
BOSE
Panasonic
JL Audio
HiVi
Sonavox
JVC
Focal
Alpine Electronics
Boston Acoustics
Blaupunkt
Sony
DYNAUDIO
Harman/Kardon
Bang & Olufsen

In Chapter 4 and Chapter 14.2, on the basis of types, the Car Speaker Systems market from 2018 to 2029 is primarily split into:

Tweeters
Super Tweeters
Midrange
Woofers
Subwoofers

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Car Speaker Systems market from 2018 to 2029 covers:

Passenger Vehicles
Commercial Vehicles

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)