Automotive Speaker Market
Global Automotive Speaker Market Size, Share & Trends Analysis Report by Speaker Type (Subwoofer, Midbass, Midrange, and Tweeter), by Vehicle Type (Passenger Car and Commercial Vehicle), and by Application (Voice Assistance, Entertainment, Warnings and Alerts, Guidance and Navigation, Automatic Pedestrian Alert System) Forecast Period (2022-2028)
The global automotive speaker market is anticipated to grow at a significant CAGR of around 6.8% during the forecast period. Increasing adoption of in-car infotainment systems for internet-based content such as podcasts, internet radio, and music is driving the industry growth. The growing adoption of ADAS (Advanced driver assistance systems) and integration of automotive speaker in passenger cars and commercial vehiclesfuelling the market growth. Increasing demand for safety and driving assistant systems and customers inclination towards onboard entertainment in private and commercial vehicleswill propel the market growth. The automotive speaker manufacturers are launching various innovative and advanced products to enhance the market share, that will consequently drive the market growth. For instance, in July 2021, Pioneer India Electronics introduced Hi-Res special edition car speakers TS-V170C, TS-VR170C, and TS-J170C. These speakers were designed in Japan and tuned with the Indian consumer taste. High cost associated with the premium automotive speakers is the factor that may limit their wide adoption.
Impact of COVID-19 Pandemic on Global Automotive Speaker Market
The COVID-19 pandemic had disrupted the manufacturing operations of various industries across the globe, which had drastically reduced the demand for automotive speakers. The automotive industry halted their production and supply chain activities due to the COVID-19 pandemic. Therefore, the demand for automotive speakers was adversely affected by the COVID-19 pandemic. As the COVID-19 situation normalizes, the automotive speakers market started recovery as the industrial operations were normalized after the recovery.
Segmental Outlook
The global automotive speaker market is segmented based on the speaker type, vehicle type and application. Based on the speaker type, the market is sub-segmented into subwoofer, midbass, midrange and tweeter. Based on the vehicle type, the market is sub-segmented into the passenger car and commercial vehicle. Based on the application, the market is sub-segmented into the voice assistance, entertainment, warnings and alerts, guidance and navigation, automatic pedestrian alert system.
Global Automotive Speaker Market Share by Vehicle Type, 2021 (%)
The Passenger Car Segment Holds the Major Share in the Global Automotive Speaker Market
It is anticipated that the passenger car segment will have considerable contribution in the growth of the global automotive speaker market during the foecast timeframe. Growing adoption of infotainment systems connected with wi-fi or Bluetooth in passenger cars will boost the market growth. The passenger car consumers are shifting towards the automation of driving system, which will propel the market growth in this segment.
Regional Outlooks
The global automotive speaker market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). North America region is going to obtain leading positon in global automotive speaker market during the forecast period. Growing consumer disposable incomes in region’s major economies such as the US and Canada are supporting the high demand for luxury vehicles along with integrated automotive speaker systems. Apart from this, the advancements in Automatic Driver-Assistance Systems (ADAS) technology are providing new opportunities for the development of technology-integrated automotive speakers in the region.
Global Automotive Speaker Market Growth, by Region 2022-2028
The Asia-Pacific Region is Projected to grow at fastest CAGR in the Global Automotive Speaker Market
The Asia-Pacific region is anticipated to grow at fastest CAGR in the global automotive speaker market during the forecast period. Several factors, such as rising disposable income and increasing spending on leisure products including personal and vehicle audio electronics will attribute to the market growth. Consumers in countries including India, Japan, and China are highly inclined toward upgrading their factory-installed automotive audio systems with technologically advanced speakers. The availability of a wide range of speakers at affordable prices in the aftermarket is also augmenting the market demand. Furthermore, the presence of major automotive speaker manufacturers in the region, such as Panasonic Corp., Alpine Electronics, Inc., Kenwood, Sony, and Pioneer corp and introduction of new products by them and partneship collaborations among them are expected to drive the market growth in the region. in January 2020, Continental AG collaborated with Sennheiser to develop a speakerless 3D audio system for cars. This partnership aims to aid the company to upgrade its vehicle infotainment solutions segment.
Market Players Outlook
The major companies serving the global automotive speaker market include Alpine Electronics, Inc., Bose Corp., Clarion Co Ltd. Continental AG, Sony Corp, JL Audio, Inc., Harman International Industries, Pioneer Corp., Panasonic Corp., Sound United, LLC, Sony Corp., SK telecom, Inc. and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, business expansion, funding, and new product launches, to stay competitive in the market. For instance, in July 2019, Taoglas announced expansion of its product line as a result of addition of high performance speakers for commercial vehicle, IoT and marine sector. The company’s latest dual, full-range, high-sensitivity speaker series offers distortion-free audio, high power handling and high fidelity. It is also available for other IoT applications such as remote alert systems, alarm panels, and industrial communication applications for warehousing and logistical sites. Additionally, in October 2020, Sound United, LLC announced the acquisition of audio manufacturer, Bowers & Wilkins to expand its product portfolio and market share.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global automotive speaker market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Automotive Speaker Market
• Recovery Scenario of Global Automotive Speaker Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. BY Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Alpine Electronics, Inc.
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Bose Corp.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Clarion Co., Ltd.,
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Continental AG
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Sony Corp
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Key Strategy Analysis
3.7. Impact of Covid-19 on Key Players
4. Market Segmentation
4.1. Global Automotive Speaker Market by Speaker Type
4.1.1. Subwoofer
4.1.2. Midbass
4.1.3. Midrange
4.1.4. Tweeter
4.2. Global Automotive Speaker Market by Vehicle Type
4.2.1. Passenger Car
4.2.2. Commercial Vehicle
4.3. Global Automotive Speaker Market by Application
4.3.1. Voice Assistance
4.3.2. Entertainment
4.3.3. Warnings and Alerts
4.3.4. Guidance and Navigation
4.3.5. Automatic Pedestrian Alert System
5. Regional Analysis
5.1. North America
5.1.1. US
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Altec Lasing
6.2. Blaupunkt GmbH
6.3. B & W Group Ltd.
6.4. Dynaudio A/S
6.5. Elettromedia Srl
6.6. Harman International Industries Inc.
6.7. JL Audio, Inc.
6.8. JVCKENWOOD Corp.
6.9. Kenwood CorpLear Corp.
6.10. Metra Electronics
6.11. Minda Industries Ltd.
6.12. Naim Audio Ltd.
6.13. Nippon Audiotronix Pvt. Ltd.
6.14. Pioneer Corp.
6.15. Panasonic Corp.
6.16. SANYO (Funai Corporation, Inc.)
6.17. Sound United, LLC
6.18. SK telecom, Inc.
1. GLOBAL AUTOMOTIVE SPEAKER MARKET RESEARCH AND ANALYSIS BY SPEAKER TYPE, 2022-2028 ($ MILLION)
2. GLOBAL SUWOOFER AUTOMOTIVE SPEAKER MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2028 ($ MILLION)
3. GLOBAL MIDBASS AUTOMOTIVE SPEAKER MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2028 ($ MILLION)
4. GLOBAL MIDRANGE AUTOMOTIVE SPEAKER MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2028 ($ MILLION)
5. GLOBAL TWEETER AUTOMOTIVE SPEAKER MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2028 ($ MILLION)
6. GLOBAL AUTOMOTIVE SPEAKER MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2022-2028 ($ MILLION)
7. GLOBAL AUTOMOTIVE SPEAKER FOR PASSENGER CAR MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2028 ($ MILLION)
8. GLOBAL AUTOMOTIVE SPEAKER FOR COMMERCIAL VEHICLE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2028 ($ MILLION)
9. GLOBAL AUTOMOTIVE SPEAKER MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2028 ($ MILLION)
10. GLOBAL AUTOMOTIVE SPEAKER FOR VOICE ASSISTANCE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2028 ($ MILLION)
11. GLOBAL AUTOMOTIVE SPEAKER FOR ENTERTAINMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2028 ($ MILLION)
12. GLOBAL AUTOMOTIVE SPEAKER FORWARNINGS AND ALERTS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2028 ($ MILLION)
13. GLOBAL AUTOMOTIVE SPEAKER FOR GUIDANCE AND NAVIGATIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2028 ($ MILLION)
14. GLOBAL AUTOMOTIVE SPEAKER FORAUTOMATIC PEDESTRIAN ALERT SYSTEM MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2028 ($ MILLION)
15. GLOBAL AUTOMOTIVE SPEAKER MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2022-2028 ($ MILLION)
16. NORTH AMERICAN AUTOMOTIVE SPEAKER MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2028 ($ MILLION)
17. NORTH AMERICAN AUTOMOTIVE SPEAKER MARKET RESEARCH AND ANALYSIS BY SPEAKER TYPE, 2022-2028 ($ MILLION)
18. NORTH AMERICAN AUTOMOTIVE SPEAKER MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2022-2028 ($ MILLION)
19. NORTH AMERICAN AUTOMOTIVE SPEAKER MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2028 ($ MILLION)
20. EUROPEAN AUTOMOTIVE SPEAKER MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2028 ($ MILLION)
21. EUROPEAN AUTOMOTIVE SPEAKER MARKET RESEARCH AND ANALYSIS BY SPEAKER TYPE, 2022-2028 ($ MILLION)
22. EUROPEAN AUTOMOTIVE SPEAKER MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2022-2028 ($ MILLION)
23. EUROPEAN AUTOMOTIVE SPEAKER MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2028 ($ MILLION)
24. ASIA-PACIFIC AUTOMOTIVE SPEAKER MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2028 ($ MILLION)
25. ASIA-PACIFIC AUTOMOTIVE SPEAKER MARKET RESEARCH AND ANALYSIS BY SPEAKER TYPE, 2022-2028 ($ MILLION)
26. ASIA-PACIFIC AUTOMOTIVE SPEAKER MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2022-2028 ($ MILLION)
27. ASIA-PACIFIC AUTOMOTIVE SPEAKER MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2028 ($ MILLION)
28. REST OF THE WORLD AUTOMOTIVE SPEAKER MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2028 ($ MILLION)
29. REST OF THE WORLD AUTOMOTIVE SPEAKER MARKET RESEARCH AND ANALYSIS BY SPEAKER TYPE, 2022-2028 ($ MILLION)
30. REST OF THE WORLD AUTOMOTIVE SPEAKER MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2028 ($ MILLION)
31. REST OF THE WORLD AUTOMOTIVE SPEAKER MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2028 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL AUTOMOTIVE SPEAKER MARKET, 2022-2028 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL AUTOMOTIVE SPEAKER MARKET BY SEGMENT, 2022-2028 ($ MILLION)
3. RECOVERY OF GLOBAL AUTOMOTIVE SPEAKER MARKET, 2021-2027 (%)
4. GLOBAL AUTOMOTIVE SPEAKER MARKET SHARE BY SPEAKER TYPE, 2021 VS 2028 (%)
5. GLOBAL SUBWOOFER AUTOMOTIVE SPEAKER TYPE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6. GLOBAL MIDBASS AUTOMOTIVE SPEAKER TYPE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7. GLOBAL MIDRANGE AUTOMOTIVE SPEAKER MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
8. GLOBAL TWEETER AUTOMOTIVE SPEAKER MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
9. GLOBAL AUTOMOTIVE SPEAKER MARKET SHARE BY VEHICLE TYPE, 2021 VS 2028 (%)
10. GLOBAL AUTOMOTIVE SPEAKER FOR PASSENGER CAR MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
11. GLOBAL AUTOMOTIVE SPEAKER FOR COMMERCIAL VEHICLE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
12. GLOBAL AUTOMOTIVE SPEAKER MARKET SHARE BY APPLICATION, 2021 VS 2028 (%)
13. GLOBAL AUTOMOTIVE SPEAKER IN VOICE ASSISTANCE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
14. GLOBAL AUTOMOTIVE SPEAKER IN ENTERTAINMENT MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
15. GLOBAL AUTOMOTIVE SPEAKER IN WARNINGS AND ALERTS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
16. GLOBAL AUTOMOTIVE SPEAKER IN GUIDANCE AND NAVIGATIONS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
17. GLOBAL AUTOMOTIVE SPEAKER IN AUTOMATIC PEDESTRIAN ALERT SYSTEM MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
18. GLOBAL AUTOMOTIVE SPEAKER MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
19. US AUTOMOTIVE SPEAKER MARKET SIZE, 2022-2028 ($ MILLION)
20. CANADA AUTOMOTIVE SPEAKER MARKET SIZE, 2022-2028 ($ MILLION)
21. UK AUTOMOTIVE SPEAKER MARKET SIZE, 2022-2028 ($ MILLION)
22. FRANCE AUTOMOTIVE SPEAKER MARKET SIZE, 2022-2028 ($ MILLION)
23. GERMANY AUTOMOTIVE SPEAKER MARKET SIZE, 2022-2028 ($ MILLION)
24. ITALY AUTOMOTIVE SPEAKER MARKET SIZE, 2022-2028 ($ MILLION)
25. SPAIN AUTOMOTIVE SPEAKER MARKET SIZE, 2022-2028 ($ MILLION)
26. REST OF EUROPE AUTOMOTIVE SPEAKER MARKET SIZE, 2022-2028 ($ MILLION)
27. INDIA AUTOMOTIVE SPEAKER MARKET SIZE, 2022-2028 ($ MILLION)
28. CHINA AUTOMOTIVE SPEAKER MARKET SIZE, 2022-2028 ($ MILLION)
29. JAPAN AUTOMOTIVE SPEAKER MARKET SIZE, 2022-2028 ($ MILLION)
30. SOUTH KOREA AUTOMOTIVE SPEAKER MARKET SIZE, 2022-2028 ($ MILLION)
31. REST OF ASIA-PACIFIC AUTOMOTIVE SPEAKER MARKET SIZE, 2022-2028 ($ MILLION)
32. REST OF THE WORLD AUTOMOTIVE SPEAKER MARKET SIZE, 2022-2028 ($ MILLION)
