Marine Audio Market Report 2023-2032: Trends, Size, Overview, Industry Analysis And Forecast | Harman International, Garmin, Sony Corporation, JBL, Crestron

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Marine Audio Global Market Report 2023 identifies growing recreational boating industry as the major driver for the Marine Audio market's growth in the forecast period. The recreational boating industry refers to the area of the economy that deals with producing, distributing, and using boats and related equipment for pleasure and enjoyment. 

The global marine audio market is expected to grow from $1.81 billion in 2022 to $1.84 billion in 2023 at a compound annual growth rate (CAGR) of 1.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global marine audio is expected to reach $1.95 billion in 2027 at a CAGR of 1.5%.

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Major competitors in the Marine Audio market are Harman International, Garmin, Sony Corporation, JBL, Crestron.

A key trend in the Marine Audio market includes technological advancement. Major companies operating in the marine audio market are adopting new technologies to sustain their position in the market. For instance, in March 2023, Harman International, a US-based audio electronics company, launched the first marine A2B digital signal audio processor. Its Automotive Audio Bus (A2B) technology is designed for an improved on-water listening experience, more straightforward installation and maintenance, and a lower overall cost of ownership. The A2B-equipped system utilizes up to 32 digital audio channels via a two-wire bus system. In addition to providing superior digital sound quality, the A2B system bus reduces the amount of cabling. It extends the distance audio signals can be run from the head unit to the amplifiers. It enables boat builders to place amplifiers closer to batteries, shortening power cables and saving manufacturers time, money, and weight because fewer components are required.

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The Marine Audio market is segmented -

1. By Product: Speaker, Subwoofer, Stereo Receiver, Amplifier
2. By Boat Type: Inboard, Outboard, Sterndrive, Other Boats
3. By Technology: Wired, Wireless
4. By Sales: Original Equipment Manufacturer (OEM), Aftermarket
5. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Europe was the largest region in the Marine Audio market.

The Business Research Company's "Global Marine Audio Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Marine Audio Market Include:

1. Executive Summary
2. Marine Audio Market Characteristics
3. Marine Audio Market Trends And Strategies
4. Marine Audio Market - Macro Economic Scenario
……
32. Global Marine Audio Market Competitive Benchmarking
33. Global Marine Audio Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Marine Audio Market
35. Marine Audio Market Future Outlook and Potential Analysis
36. Appendix

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