LATIN AMERICA CLASS D AUDIO AMPLIFIER MARKET 2022-2028

LATIN AMERICA CLASS D AUDIO AMPLIFIER MARKET 2022-2028

MARKET OUTLOOK

The Latin America class D audio amplifier market is predicted to exhibit growth with a CAGR of 10.23% over the forecasting years from 2022 to 2028, as per a report by Triton Market Research. Mexico, Brazil, and Rest of Latin America together shape the market in this region.
Brazil is emerging as an eminent market for the automobile industry. In 2020, more than 1.6 million vehicles were sold in the nation. In fact, Brazil is now among the largest motor vehicle producers around the world. The overall Latin American market for vehicle production is also growing strong. In fact, in 2019, Chevrolet – a division of US-based General Motors – had its best-selling car model from the region. The brand also led Brazil’s passenger car market that year. The growth in vehicle production translates into a rise in the demand for class D audio amplifiers. This, in turn, will bolster the market growth in the years to come.

The Rest of Latin America region includes countries like Chile, Venezuela, Colombia, Argentina, and Peru, among others. Colombia presents a huge market for used vehicles. Class D audio amplifiers are largely being incorporated while refurbishing these used vehicles for resale. The huge demand for used vehicles is influencing the demand for class D audio amplifiers in the country. Moreover, Latin American countries are witnessing growth trends in the field of consumer electronics as well. This is another factor that is expected to enhance the demand for class D audio amplifiers in Rest of Latin America in the years to come.

COMPETITIVE OUTLOOK

Major players engaged in the class D audio amplifier market include Cirrus Logic Inc, Anthem Audio Inc, New Acoustic Dimension (NAD) Electronics, Qualcomm Inc, Onsemi Corporation, Marshall Amplification PLC, Bose Corporation, and Diodes Incorporated.