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Global Automotive Audio Speakers Market 2017-2021

Global Automotive Audio Speakers Market 2017-2021

About Automotive Audio Speakers

The audio system installed in the vehicle delivers the high-performance sound experience and provide entertainment and information for the occupants using a number of speakers, woofers, and other components. Earlier, the infotainment system used in the cars were limited to radios and CD players. Since then, a lot of developments has been made including FM radio, Bluetooth telephone integration, navigation systems, and smartphone controllers like CarPlay and Android Auto. This is driving the demand for the automotive audio speakers.

Technavio’s analysts forecast the global automotive audio speakers market to grow at a CAGR of 3.61% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global automotive audio speakers market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Automotive Audio Speakers Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Alpine Electronics
  • Bose
  • HARMAN International
  • JVCKENWOOD Corporation
  • Pioneer Corporation
Other prominent vendors
  • Blaupunkt
  • Boston Acoustics
  • Bowers & Wilkins
  • Clarion
  • McIntosh Laboratory
  • Meridian Audio
  • Panasonic
  • SONY
Market driver
  • Lower cost of aftermarket automotive audio speakers
  • For a full, detailed list, view our report
Market challenge
  • Design complexity and high cost of the advanced automotive audio systems
  • For a full, detailed list, view our report
Market trend
  • Integrated speakers in driver seat headrest
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Technavio Announces the Publication of its Research Report – Global Automotive Audio Speakers Market 2017-2021

Technavio recognizes the following companies as the key players in the global automotive audio speakers market: Alpine Electronics, Bose, HARMAN International, JVCKENWOOD Corporation, and Pioneer Corporation.

Other Prominent Vendors in the market are: Blaupunkt, Boston Acoustics, Bowers & Wilkins, Clarion, McIntosh Laboratory, Meridian Audio, Panasonic, and SONY.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is integrated speakers in driver seat headrest. The leading players in the automotive audio speakers market are continuously working on enhancing the performance of their audio systems. The enhancements are visible in the form of increased wattage output, more number of speakers, integrated tweeters, and power sound amplifiers. Speaker placement in the vehicle plays a very important role in delivering improved audio system performance.”

According to the report, one driver in the market is lower cost of aftermarket automotive audio speakers. OEMs do not provide audio speakers in the lower variant of the mass-selling vehicles. In addition, OEMs refrain from providing the audio speakers in the low-priced commercial vehicle to lower the manufacturing cost. For instance, in APAC, more than 25% of the new passenger cars registered in 2016 were not equipped with OEM fitted speaker. As a result, such vehicle uses aftermarket speakers. Moreover, significant demand arises from the vehicles going for the replacement of the OEM fitted speakers with the aftermarket to enhance the sound quality of the audio system.

Further, the report states that one challenge in the market is design complexity and high cost of the advanced automotive audio systems. The design complexity and high cost of premium audio systems are the major challenges for the market growth. High costs of the advanced audio system refrain OEMs from reducing their vehicle prices. As a result, vehicle manufacturers have to either keep their profit margins low or shift their additional cost pressure onto consumers. However, in the current competitive market, consumers look for products that offer maximum value for money and thus has become difficult for the vehicle manufacturers to shift the cost pressure onto their customers.

Companies Mentioned

Alpine Electronics, Bose, HARMAN International, JVCKENWOOD Corporation, Pioneer Corporation, Blaupunkt, Boston Acoustics, Bowers & Wilkins, Clarion, McIntosh Laboratory, Meridian Audio, Panasonic, and SONY.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Global automotive audio speakers market by market type 2016
  • Market landscape
    • Market overview
      • Table Segmentation of the global automotive audio speakers market
    • Market size and forecast
      • Table Global automotive audio speakers market 2016-2021 (millions of units)
      • Table Global automotive audio speakers market by market type 2016-2021 (millions of units)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Global automotive audio speakers market by application
      • Table Segmentation of global automotive audio speakers market by application 2016
    • Global automotive audio speakers market in passenger cars
      • Table Global automotive audio speakers market in passenger cars segment 2016-2021 (millions of units)
      • Table Global automotive audio speakers market in passenger cars segment by region 2016-2021 (millions of units)
    • Global automotive audio speakers market in commercial vehicle segment
      • Table Global automotive audio speakers market in commercial vehicle 2016-2021 (millions of units)
      • Table Global automotive audio speakers market in commercial vehicle by region 2016- 2021 (millions of units)
  • Geographical segmentation
    • Global automotive audio speakers market by geography
      • Table Global automotive audio speakers market by geography 2016 and 2021
    • Automotive audio speakers market in the Americas
      • Table Global automotive audio speakers market in the Americas 2016-2021 (millions of units)
    • Automotive audio speakers market in EMEA
      • Table Global automotive audio speakers market in EMEA 2016-2021 (millions of units)
    • Automotive audio speakers market in APAC
      • Table Global automotive audio speakers market in APAC 2016-2021 (millions of units)
  • Key leading countries
    • Table Key leading countries
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Integrated speakers in driver seat headrest
    • Increase in sales of automotive audio components and accessories through online sales channel
    • Increase in the average miles driven is leading to wider adoption of in-car entertainment system
  • Vendor landscape
    • Competitive landscape
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • Alpine Electronics
      • Table Alpine Electronics - Business segmentation by revenue 2016
      • Table Alpine Electronics - Geographical segmentation by revenue 2016
      • Table Product portfolio of Alpine Electronics
      • Table Alpine Electronics - Recent developments
    • HARMAN International
      • Table Product portfolio of HARMAN International
      • Table HARMAN International - Recent developments
    • JVCKENWOOD Corporation
      • Table JVCKENWOOD Corporation - Business segmentation by revenue 2016
      • Table JVCKENWOOD Corporation - Geographical segmentation by revenue 2016
      • Table Product portfolio of JVCKENWOOD Corporation
      • Table JVCKENWOOD Corporation - Recent developments
    • Pioneer Corporation
      • Table Pioneer Corporation - Business segmentation by revenue 2016
      • Table Pioneer Corporation - Geographical segmentation by revenue 2016
      • Table Product portfolio of Pioneer Corporation
      • Table Pioneer Corporation - Recent developments
    • Bose
      • Table Product portfolio of Bose
      • Table Bose - Recent developments
  • Appendix
    • List of abbreviations
  • Explore Technavio

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