Global Automotive Audio Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast - 2022 to 2028

The global automotive audio market is anticipated to grow at a CAGR of 4.0%during the forecast period (2022-2028).The major factor expected to drive the market growth is the rapidly growing digitalization that has brought forward advanced technological developments and innovations in the automotive industry to enhance the performance of vehicles globally. In addition, the growing demand among people for new entertainment systems and the rising technological advancements in speaker systems are some factors the propel the growth of the market during the forecast period. Additionally, increasing demand for aftermarket sound systems from major market players, rapid changes in consumer lifestyle along with shifting inclination toward the usage of onboard infotainment systems led to the growth of the global automotive audio market during the forecast period.

A full report of Global Automotive Audio Market is available at:https://orionmarketreports.com/global-automotive-audio-market/107161/  

Some major players in the market include Alpine Electronics Inc., Bose Corp., and Harman International, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in January 2021, Harman International entered into a partnership with Iptor for technology development and extensive user experience work with Harman's design division Humen, based in New York, the US. The company added that the partnership is for developing the upcoming Iptor DC1 v12, as Iptor considers user interface and experience at the center point of all future solution development. Moreover, in September 2020, Sonus Faber announced partnership with Maserati to provide sound systems for Maserati's upcoming MC20 supercar which comes with the new system of a 695-watt amplifier that controls 12 speakers and channels.

Market Coverage

The market number available for - 2021-2028
Base year- 2021
Forecast period- 2022-2028
Segment Covered-
By Product Type
By Vehicle Type
By Component
By Technology
By Sales Channel
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World

Competitive Landscape-Alpine Electronics Inc., Bose Corp., and Harman International, among others.

Key questions addressed by the report

What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How has COVID-19 impacted the market?
Deviation from the pre-COVID-19 forecast
Most affected region and segment
Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?

Global Automotive Audio Market Report by Segment

By Product Type

2-Way Speaker (Component, Coaxial)
3-Way Speaker
4-Way Speaker

By Vehicle Type

Passenger Vehicle
Commercial Vehicle

By Technology

Voice Recognized Audio System
Non-Voice Recognized Audio System

By Component

Head Unit
Amplifier
Speaker
Others

By Sales Channel

Original Equipment Manufacturers (OEMs)
Aftermarket

Media Contact:

Company Name: Orion Market Reports
Contact Person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404

About Us:

Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.

This release was published on openPR.