Report cover image

Car Audio Market

Publisher Fortune Business Insights Pvt. Ltd.
Published Sep 01, 2024
Length 200 Pages
SKU # FOB19185640

Description

Car Audio Market



Growth Factors of Car Audio Market

The Car Audio Market size was valued at USD 9.68 billion in 2023. The market is expected to grow from USD 10.26 billion in 2024 to USD 17.83 billion by 2032, exhibiting a CAGR of 7.1% during the forecast period of 2024-2032.

The COVID-19 pandemic disrupted the worldwide automobile audio marketplace, commonly because of the slowdown in automobile production and profits. Manufacturing halts, deliver chain disruptions, and decreased client spending negatively impacted call for for in-car amusement structures. With lockdowns and monetary uncertainty, customers prioritized essential items, delaying non-important purchases like vehicle audio structures. However, as economies get higher, the marketplace is regaining momentum, with developing interest in upgrading in-car reviews. The shift in the direction of personal automobiles for extra secure adventure, placed up-pandemic, is also contributing to a sluggish resurgence in the vehicle audio agency.

One of the modern-day traits within the automobile audio market is the growing integration of clever generation like voice assistants and wi-fi connectivity, which encompass Bluetooth and Wi-Fi, into vehicle audio systems. Consumers now anticipate seamless connectivity among their smartphones and car audio structures for an greater suitable person revel in. Companies are specializing in imparting voice-activated controls and compatibility with virtual assistants like Siri or Alexa. This fashion shows the developing call for for clever and related in-car stories, aligning with the broader push towards self maintaining the use of and IoT-enabled motors.

A key using trouble for the auto audio market is the growing name for for premium audio reviews in cars. As purchasers are searching for exceptional sound systems for extra suitable in-automobile entertainment, automakers and aftermarket providers are investing in top class audio solutions. This is specifically evident in high-priced motors, wherein brands associate with renowned audio agencies to provide current sound generation. Additionally, the growing reputation of electrical cars, in which quiet cabins allow for superior sound clarity, further fuels the decision for for superior audio structures, driving boom inside the market.

Comprehensive Analysis of Car Audio Market

The Car Audio Market growth is rising at an exponential rate due to its marketplace segmentation. This market expansion correctly affords a detailed local assessments thinking about the dominant supply and call for forces that effect the enterprise. These segmentations are methodically segregated by component type, by technology . By Component Type include Head Unit, Amplifier, Speaker. By Technology include Voice Recognized Audio System, Non-Voice Recognized Audio System.

The Asia Pacific region lead the Car Audio Market share by benefitting a market size of USD 5.44 billion China & India witness huge demand for such products mainly due to high population & sales of passenger cars.

The top players in the market play a crucial role in the industry assuring market growth and setting market standards. These players include, Google LLC (Alphabet, Inc.), Magic Leap, Inc., ReWalk Robotics, SAMSUNG, B-Temia, Panasonic Holdings Corporation, NVIDIA Corporation, Microsoft, Ekso Bionics, Vuzix,these market players provide a level-playing competitive landscape.

December 2023 - BdSound partnered with DSP Concepts to tackle automotive audio complexities, delivering BdSound's speech processing tech through DSP Concepts' Audio Weaver platform for streamlined deployment by means of OEMs and integrators.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 7.1% from 2024 to 2032

Unit Value (USD Billion)

Segmentation By Component Type

- Head Unit

- Amplifier

- Speaker

By Technology

- Voice Recognized Audio System

- Non-Voice Recognized Audio System

By Geography

- North America (By Component Type, By Technology)
  • U.S. (By Technology)
  • Canada (By Technology)
  • Mexico (By Technology)
- Europe (By Component Type, By Technology)
  • U.K. (By Technology)
  • Germany (By Technology)
  • France (By Technology)
  • Rest of Europe (By Technology)
- Asia Pacific (By Technology)
  • China (By Technology)
  • Japan (By Technology)
  • India (By Technology)
  • Rest of APAC (By Technology)
- Rest of the World (By Component Type, By Technology)


Please Note: It will take 5-6 business days to complete the report upon order confirmation.

Table of Contents

200 Pages
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
3.4. Market Trends
4. Key Insights
4.1. Key Industry Developments - Mergers, Acquisitions & Partnerships
4.2. Latest Technological Advancements
4.3. Porters Five Forces Analysis
4.4. Impact of COVID-19 Pandemic on Global Car Audio Market
5. Global Car Audio Market Analysis, Insights and Forecast, 2019-2032
5.1. Key Findings / Definition
5.2. Market Analysis, Insights and Forecast - By Component Type
5.2.1. Head Unit
5.2.2. Amplifier
5.2.3. Speaker
5.3. Market Analysis, Insights and Forecast - By Technology
5.3.1. Voice Recognized Audio System
5.3.2. Non-Voice Recognized Audio System
5.4. Market Analysis, Insights and Forecast - By Region
5.4.1. North America
5.4.2. Europe
5.4.3. Asia Pacific
5.4.4. Rest of the World
6. North America Car Audio Market Analysis, Insights and Forecast, 2019-2032
6.1. Market Analysis, Insights and Forecast - By Component Type
6.1.1. Head Unit
6.1.2. Amplifier
6.1.3. Speaker
6.2. Market Analysis, Insights and Forecast - By Technology
6.2.1. Voice Recognized Audio System
6.2.2. Non-Voice Recognized Audio System
6.3. Market Analysis, Insights and Forecast - By Country
6.3.1. U.S.
6.3.1.1. Market Analysis, Insights and Forecast - By Technology
6.3.2. Canada
6.3.2.1. Market Analysis, Insights and Forecast - By Technology
6.3.3. Mexico
6.3.3.1. Market Analysis, Insights and Forecast - By Technology
7. Europe Car Audio Market Analysis, Insights and Forecast, 2019-2032
7.1. Market Analysis, Insights and Forecast - By Component Type
7.1.1. Head Unit
7.1.2. Amplifier
7.1.3. Speaker
7.2. Market Analysis, Insights and Forecast - By Technology
7.2.1. Voice Recognized Audio System
7.2.2. Non-Voice Recognized Audio System
7.3. Market Analysis, Insights and Forecast - By Country
7.3.1. U.K.
7.3.1.1. Market Analysis, Insights and Forecast - By Technology
7.3.2. Germany
7.3.2.1. Market Analysis, Insights and Forecast - By Technology
7.3.3. France
7.3.3.1. Market Analysis, Insights and Forecast - By Technology
7.3.4. Rest of Europe
7.3.4.1. Market Analysis, Insights and Forecast - By Technology
8. Asia Pacific Car Audio Market Analysis, Insights and Forecast, 2019-2032
8.1. Market Analysis, Insights and Forecast - By Component Type
8.1.1. Head Unit
8.1.2. Amplifier
8.1.3. Speaker
8.2. Market Analysis, Insights and Forecast - By Technology
8.2.1. Voice Recognized Audio System
8.2.2. Non-Voice Recognized Audio System
8.3. Market Analysis, Insights and Forecast - By Country
8.3.1. China
8.3.1.1. Market Analysis, Insights and Forecast - By Technology
8.3.2. Japan
8.3.2.1. Market Analysis, Insights and Forecast - By Technology
8.3.3. India
8.3.3.1. Market Analysis, Insights and Forecast - By Technology
8.3.4. Rest of Asia Pacific
8.3.4.1. Market Analysis, Insights and Forecast - By Technology
9. Rest of the World Car Audio Market Analysis, Insights and Forecast, 2019-2032
9.1. Market Analysis, Insights and Forecast - By Component Type
9.1.1. Head Unit
9.1.2. Amplifier
9.1.3. Speaker
9.2. Market Analysis, Insights and Forecast - By Technology
9.2.1. Voice Recognized Audio System
9.2.2. Non-Voice Recognized Audio System
10. Competitive Analysis
10.1. Key Industry Developments
10.2. Global Market Rank Analysis (2023)
10.3. Competitive Dashboard
10.4. Comparative Analysis - Major Players
10.5. Company Profiles
10.5.1. Alpine Electronics Inc. (Tokyo, Japan)
10.5.1.1. Overview
10.5.1.2. Products & Services
10.5.1.3. SWOT Analysis
10.5.1.4. Recent Developments
10.5.1.5. Strategies
10.5.1.6. Financials (Based on Availability)
10.5.2. Harman International (Connecticut, U.S.)
10.5.2.1. Overview
10.5.2.2. Products & Services
10.5.2.3. SWOT Analysis
10.5.2.4. Recent Developments
10.5.2.5. Strategies
10.5.2.6. Financials (Based on Availability)
10.5.3. Sony Corporation (Tokyo, Japan)
10.5.3.1. Overview
10.5.3.2. Products & Services
10.5.3.3. SWOT Analysis
10.5.3.4. Recent Developments
10.5.3.5. Strategies
10.5.3.6. Financials (Based on Availability)
10.5.4. Bose Corporation (Massachusetts, U.S.)
10.5.4.1. Overview
10.5.4.2. Products & Services
10.5.4.3. SWOT Analysis
10.5.4.4. Recent Developments
10.5.4.5. Strategies
10.5.4.6. Financials (Based on Availability)
10.5.5. Pioneer Corporation (Tokyo, Japan)
10.5.5.1. Overview
10.5.5.2. Products & Services
10.5.5.3. SWOT Analysis
10.5.5.4. Recent Developments
10.5.5.5. Strategies
10.5.5.6. Financials (Based on Availability)
10.5.6. Blaupunkt GmbH (Hildesheim ,Germany)
10.5.6.1. Overview
10.5.6.2. Products & Services
10.5.6.3. SWOT Analysis
10.5.6.4. Recent Developments
10.5.6.5. Strategies
10.5.6.6. Financials (Based on Availability)
10.5.7. Panasonic Corporation (Osaka, Japan)
10.5.7.1. Overview
10.5.7.2. Products & Services
10.5.7.3. SWOT Analysis
10.5.7.4. Recent Developments
10.5.7.5. Strategies
10.5.7.6. Financials (Based on Availability)
10.5.8. JL Audio (Florida, U.S.)
10.5.8.1. Overview
10.5.8.2. Products & Services
10.5.8.3. SWOT Analysis
10.5.8.4. Recent Developments
10.5.8.5. Strategies
10.5.8.6. Financials (Based on Availability)
10.5.9. JVC Kenwood Corporation (Kanagawa, Japan)
10.5.9.1. Overview
10.5.9.2. Products & Services
10.5.9.3. SWOT Analysis
10.5.9.4. Recent Developments
10.5.9.5. Strategies
10.5.9.6. Financials (Based on Availability)
10.5.10. Clarion Co., Ltd. (Saitama, Japan)
10.5.10.1. Overview
10.5.10.2. Products & Services
10.5.10.3. SWOT Analysis
10.5.10.4. Recent Developments
10.5.10.5. Strategies
10.5.10.6. Financials (Based on Availability)

Pricing

Currency Rates
How Do Licenses Work?

How Do Licenses Work?

The primary function of a report license is to define how many people within a company are authorized to use the purchased report. This is separate to how a report might be delivered. Unless specifically identified otherwise, the purchase option is Single User. Below is a helpful description of that license, along with a sampling of others most commonly offered.

  • This license allows only one user to have access to and to use/read the report. It is not one user at a time or one user group; it is an individual who will be reading and utilizing the report.

  • This license allows for the entire purchasing company to read and use the report. This is the license level that would allow for a report to be placed on an internal company shared drive for access by all employees of that direct company. This license does not extend to parent or sister company use.

  • This license is designed to allow an entire department within a company full access to a report. The departmental license is a great option for companies that have more than one location and the department is spread out all over the country/world

  • This license is for companies that have one location where they want the report to be accessible by all employees within that physical location.

  • This is the most flexible of the licensing options. Some publishers will allow you to get a license for a preset number of people (typically 5). These licenses are ideal for small work groups.

License options are at the discretion of each publisher. As such, not all licenses indicated above are available for every product. If you are uncertain of the best license for your needs or would like a license that is not proactively available, please contact us and we will be happy to assist.

Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
Chat Now
Contact Us