The global automotive speaker market is anticipated to grow at a considerable CAGR of 6.8% during the forecast period (2024-2031). The growing adoption of advanced technologies in automotive industry will propel the market growth. The consumers are seeking for more cutting-edge features in their audio systems, such as those that are energy-efficient, touchscreen-optimized, Bluetooth-enabled, navigation system and have vehicle noise compensation attributes. Therefore, the demand for automotive speakers is rising. Consequently, the market players are constantly involved in the product innovation. This will result in the market growth during forecast period.
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For instance, in May 2021, Sony Corp. introduced its latest car audio brand in mobile ES series. The Mobile ES line-up includes subwoofers and other car speakers such as the XS-162ES, XS-690ES, XS-160ES, and XS-W104ES, all of which set the benchmark for advanced in-car entertainment. The subwoofer’s standout attributes include the MRC honeycomb mesh, which offers lower distortion and strong bass, a distinctive notch end surround, a dynamic air diffuser, and a height rate spider.
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Market Coverage
- Segment Covered-
o By Speaker Type
o By Vehicle Type
o By Application
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- 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.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Automotive Speaker Market by Segment
By Speaker Type
- Subwoofer
- Midbass
- Midrange
- Tweeter
By Vehicle Type
- Passenger Car
- Commercial Vehicle
By Application
- Voice Assistance
- Entertainment
- Warnings and Alerts
- Guidance and Navigations
- Automatic Pedestrian Alert System
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