Automotive Speaker Market Is Driving Business Growth With Various Emerging Technology Till 2027

The automotive speaker market is likely to register substantial gains in coming years owing to increasing sales for high end luxury vehicles, escalating demand for in-car entertainment systems, rising adoption of 2-way speakers, and strong presence of established automotive manufacturers across key automobile markets. Every year auto manufacturers add some kind of new technology to their vehicles designed specifically for entertainment purposes.
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Technology is continuously changing, and the auto industry is taking benefit of it. Keeping customers in mind, automakers are coming up with new vehicles which are integrated with new features, design, and other types of in-car entertainment options. The most standard type of automotive speakers are designed to be "full range" to cover the whole frequency range. In fact, adding new type of speakers often provides one of the fastest and the most convenient ways to upgrade the sound in car.
While some vehicles have one speaker in the front side, one per door, some other vehicles might have four speakers in the front, two on each side. Most of the individuals choose to leave the original speakers intact and add additional units to supplement them. Such speakers come in an assortment of different configurations to cater to different customer tastes.
The automotive speaker market is segmented in terms of type, vehicle type, sales channel, and regional landscape.
Based on type, the market for automotive speaker is classified into 4-way speaker, 3-way speaker, and 2-way speaker. In 2020, the two-way speaker segment held an industry share of around $1.5 billion and is anticipated to follow a strong growth trend over the coming time period. The compact size as well as affordable cost of these speakers are expected fuel these gains.
These types of speakers generally comprise of a tweeter and a woofer. Here, the smaller integrated speaker handles the upper most range of the highs and mids, whereas the larger speaker handles the mids and lows. 2-way speakers are known to be one of the most common type of speakers and are termed as coaxial. With standard price range, these are mainly for those who are wanting to upgrade their systems.
With respect to vehicle type, the automotive speaker market is divided into commercial and passenger. Passenger segment held a market share of over 70% in 2020 and is expected to further add to this market share over the coming time period. Increasing demand for in-car infotainment systems would be fostering the segment growth through this period.
In terms of sales channel, the overall automotive speaker market is classified into aftermarket and OEM. In 2020, OEM segment held a high market share and is estimated to showcase a promising growth rate over the study period. Strong presence of various established automotive manufactures across the globe would be fostering OEM segment revenues.
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From a regional frame of reference, the MEA automotive speaker market is likely to witness substantial growth over the coming time period. Increase in demand for high end luxury vehicles will boost the adoption for automotive speakers in the region.
Table of Contents of the Report (TOC):
Chapter 4   Competitive Landscape,
4.1    Introduction
4.2    Automotive speaker market share, by region, 2020
4.2.1    North America
4.2.2    Europe
4.2.3    Asia Pacific
4.2.4    Latin America
4.2.5    MEA
4.3    Top player analysis
4.3.1    Alpine Electronics, Inc.
4.3.2    Clarion Co., Ltd.
4.3.3    Harman International Industries, Inc.
4.3.4    Panasonic Corporation
4.3.5    Sony Corporation
4.3.6    Bose Corporation
4.3.7    Kenwood Corporation
4.3.8    Pioneer Corporation
4.3.9    Bowers & Wilkins Group Ltd.
4.3.10    Blaupunkt GmbH
4.4    Competitive analysis of top players, 2020
Chapter 5   Automotive Speaker Market, By Speaker Type
5.1    Key trends, by speaker
5.2    2-way speakers
5.2.1    Market estimates and forecast, 2017 - 2027
5.3    3-way speakers
5.3.1    Market estimates and forecast, 2017 – 2027
5.4    4-way speakers
5.4.1    Market estimates and forecast, 2017 - 2027
Chapter 6   Automotive Speaker Market, By Vehicle
6.1    Key trends, by vehicle
6.2    Passenger car
6.2.1    Market estimates and forecast, 2017 - 2027
6.2.1.1    Market estimates and forecast, by product, 2017 - 2027
6.3    Commercial Vehicles
6.3.1    Market estimates and forecast, 2017 - 2027
6.3.1.1    Market estimates and forecast, by product, 2017 - 2027
 
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