The global automotive speaker market is anticipated to grow at a considerable CAGR of 6.8% during the forecast period (2022-2028). 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
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
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
Global Automotive Speaker Market Report by Region
North America
- US
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
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.
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