Automotive Speaker Market Growth Opportunities & Forecast By 2027

North America and Europe automotive speaker market is expected to gain traction owing to growing trend of utilizing on-board infotainment systems as well as the presence of multiple key business players in the region. Audio-visual system integrated into ride sharing vehicles and taxis is anticipated to boost regional product demand. In Latin America, countries such as Mexico and Brazil are projected to hold a major market share based on the availability of skilled and affordable labor force, which has encouraged many speaker manufacturers to promote their local presence.

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The global automotive speaker market is poised to depict lucrative growth through the coming years owing to a surging trend towards the adoption of high-end luxury vehicles. In addition, shifting consumer preference towards the enhancement of in-car audio quality with the help of technologically advanced sound systems will boost industry demand over the analysis period.

This growth is on account of the increasing introduction of novel products by prominent automotive speaker manufacturers. For instance, Yamaha’s automotive speaker system was in news in October 2020 for its adoption by SAIC Motor’s MG Cars for the company’s new MG5. The MG5 was the first available vehicle that featured the automotive speaker system of Yamaha.

Key participants in the automotive speaker market comprise Bose Corporation, Kenwood Corporation, Pioneer Corporation, Focal JM Lab, Clarion Co., Ltd., and others. These players are focusing on collaborations and partnerships for the enhancement of their business operations.

4-way speakers segment is witnessing an increasing product demand from the luxury vehicle sector. This rise is ascribed to the enhanced power and bass volume of 4-way speakers in comparison to 3-way and 2-way speakers. Their ability makes 4-way speakers the go-to option for in-car infotainment systems among luxury vehicle manufacturers, which brings more business to the segment.

The 2-way speakers segment is set to depict a considerable growth rate owing to their compact size and low initial costs. The sufficient availability of these speakers offered by aftermarket vendors and OEMs is expected to drive the segment growth over the assessment span.

In a nutshell, the surging demand for technologically advanced aftermarket automotive speaker systems and other components will stimulate automotive speaker market expansion through the forecasted period.

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Partial Chapter of the Table of Content

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    Market estimates and forecast, by product, 2017 - 2027

6.3    Commercial Vehicles

6.3.1    Market estimates and forecast, 2017 - 2027    Market estimates and forecast, by product, 2017 - 2027

Chapter 7   Automotive Speaker Market, By Sales Channel

7.1    Key trends, by sales channel

7.2    OEMs

7.2.1    Market estimates and forecast, 2017 - 2027

7.3    Aftermarket

7.3.1    Market estimates and forecast, 2017 - 2027

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