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Global Automotive Speaker Market to reach USD 8.4 billion by 2027

Global Automotive Speaker Market Size study, By Type (2-Way Speaker, 3-Way Speaker, 4-Way Speaker), By Vehicle Type (Passenger Car, Commercial Vehicle), By Sales Channel (OEM, Aftermarket), and Regional Forecasts 2020-2027

Product Code: ALATAMC_70860923
Publish Date: 14-12-2020
Page: 200

Global Automotive Speaker Market is valued approximately at USD 5 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 6.7% over the forecast period 2020-2027. The rapid development of IoT and AI technologies to improve device efficiency and improve user comfort drives consumer demand. Growing number of strategic partnerships between automakers and audio system manufacturers are promoting the growth of the automotive speaker industry. Major automotive manufacturers, including Bentley, BMW, Audi and Mercedes-Benz, are working with sound system manufacturers to integrate sophisticated audio sound systems into new cars, boosting market size growth. The automotive industry has undergone major changes over the last few decades. Although the regulatory environment continues to drive advances in terms of engine design, efficiency and other technological parameters, other aspects of the automotive industry, including in-car entertainment, have also seen substantial changes, especially over the last decade. Vehicle entertainment has gained tremendous popularity worldwide, as more consumers are inclined to install personalized, interactive and state-of-the-art entertainment systems in their cars. The declining prices of automotive entertainment components are a major factor expected to fuel demand for automotive speakers during the assessment period. Sensing the rising interest in in-car entertainment, automotive companies are gradually moving towards the launch of vehicles integrated with advanced automotive speakers to cut through tough market competition. Market trends continue to develop at a rapid rate, which obliges industry participants to innovate and launch products in line with evolving market trends and consumer trends. The rising demand for music-inspired luxury cars and 3D car sound systems is another key factor that is expected to shape the growth of the global automotive speaker market in the coming decade. Increased cooperation between industry players and existing car manufacturers offers a optimistic outlook for the European market. For example, in October 2019, Harman Kardon announced on the market its partnership with Volkswagen to introduce its premium sound system in the VW Golf Series 8 car. The audio system provides enhanced musical experience with a 12-channel ethernet amplifier and 10 high-performance automotive speakers. In December 2019, Faurecia announced the partnership with Devialet– a move that is expected to fast track the development of high-quality automotive speakers and audio solutions for various automotive companies.
The regional analysis of global Automotive Speaker Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific and Europe are expected to be highly lucrative markets in the forecast era. This is partly due to the involvement of leading automotive firms in China, Germany, Japan and India. Increasing understanding of the safety and comfort features of a sound system creates an opportunity for the automotive speaker industry. Europe has the presence of major OEMs and Tier-1 suppliers with advanced facilities for research and development on speakers, which are expected to improve the automotive speakers market across Europe.

Major market player included in this report are:
Alpine Electronics, Inc.
Blaupunkt GmbH
Bose Corporation
Clarion Co. Ltd.
Continental AG
Dynaudio A/S
Harman International Industries, Inc.
JL Audio, Inc
JVCKENWOOD Corporation
Panasonic Corporation

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
2-Way Speaker
3-Way Speaker
4-Way Speaker
By Vehicle Type:
Passenger Car
Commercial Vehicle
By Sales Channel:
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Automotive Speaker Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Automotive Speaker Market, by Region, 2018-2027 (USD Billion)
1.2.2. Automotive Speaker Market, by Type, 2018-2027 (USD Billion)
1.2.3. Automotive Speaker Market, by Vehicle Type, 2018-2027 (USD Billion)
1.2.4. Automotive Speaker Market, by Sales Channel, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Automotive Speaker Market Definition & Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Automotive Speaker Market Dynamics
3.1. Automotive Speaker Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Automotive Speaker Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Automotive Speaker Market, by Type
5.1. Market Snapshot
5.2. Global Automotive Speaker Market by Type, Performance – Potential Analysis
5.3. Global Automotive Speaker Market Estimates & Forecasts by Type, 2017-2027 (USD Billion)
5.4. Automotive Speaker Market, Sub Segment Analysis
5.4.1. 2-Way Speaker
5.4.2. 3-Way Speaker
5.4.3. 4-Way Speaker
Chapter 6. Global Automotive Speaker Market, by Vehicle Type
6.1. Market Snapshot
6.2. Global Automotive Speaker Market by Vehicle Type, Performance – Potential Analysis
6.3. Global Automotive Speaker Market Estimates & Forecasts by Vehicle Type, 2017-2027 (USD Billion)
6.4. Automotive Speaker Market, Sub Segment Analysis
6.4.1. Passenger Car
6.4.2. Commercial Vehicle
Chapter 7. Global Automotive Speaker Market, by Sales Channel
7.1. Market Snapshot
7.2. Global Automotive Speaker Market by Sales Channel, Performance – Potential Analysis
7.3. Global Automotive Speaker Market Estimates & Forecasts by Sales Channel, 2017-2027 (USD Billion)
7.3.1. OEM
7.3.2. Aftermarket
Chapter 8. Global Automotive Speaker Market, Regional Analysis
8.1. Automotive Speaker Market, Regional Market Snapshot
8.2. North America Automotive Speaker Market
8.2.1. U.S. Automotive Speaker Market Type breakdown estimates & forecasts, 2017-2027 Vehicle Type breakdown estimates & forecasts, 2017-2027 Sales Channel breakdown estimates & forecasts, 2017-2027
8.2.2. Canada Automotive Speaker Market
8.3. Europe Automotive Speaker Market Snapshot
8.3.1. U.K. Automotive Speaker Market
8.3.2. Germany Automotive Speaker Market
8.3.3. France Automotive Speaker Market
8.3.4. Spain Automotive Speaker Market
8.3.5. Italy Automotive Speaker Market
8.3.6. Rest of Europe Automotive Speaker Market
8.4. Asia-Pacific Automotive Speaker Market Snapshot
8.4.1. China Automotive Speaker Market
8.4.2. India Automotive Speaker Market
8.4.3. Japan Automotive Speaker Market
8.4.4. Australia Automotive Speaker Market
8.4.5. South Korea Automotive Speaker Market
8.4.6. Rest of Asia Pacific Automotive Speaker Market
8.5. Latin America Automotive Speaker Market Snapshot
8.5.1. Brazil Automotive Speaker Market
8.5.2. Mexico Automotive Speaker Market
8.6. Rest of The World Automotive Speaker Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Alpine Electronics, Inc. Key Information Overview Financial (Subject to Data Availability) Industry Summary Recent Developments
9.2.2. Blaupunkt GmbH
9.2.3. Bose Corporation
9.2.4. Clarion Co. Ltd.
9.2.5. Continental AG
9.2.6. Dynaudio A/S
9.2.8. Focal JMLAB
9.2.9. Harman International Industries, Inc.
9.2.10. JL Audio, Inc
9.2.11. JVCKENWOOD Corporation
9.2.12. Panasonic Corporation
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

Primary Research Sources:

  • Interview conducted with raw material suppliers & manufacturers.
  • Interview conducted with manufacturers, suppliers & distributors, researchers, & representatives of regulatory bodies.
  • Interview conducted with market players, industry experts, & independent consultants.
  • Secondary Research Sources:
  • Purchased Database: D&B Hoovers, Bloomberg, Inc., Business Information Industry Association, NAICS Association.
  • Internal Database: White papers, Certified Publications, Articles by Recognized Authors and Regulatory Bodies.
  • Government Databases: Food and Agriculture Organization (FAO), European Industrial Hemp Association (EIHA), World Health Organization (WHO), Food and Drug Administration (FDA), International Telecommunication Union (ITU), United States Department of Agriculture (USDA), International organization of Motor Vehicle Manufacturers (OICA).

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