Press release
Automotive Speaker Global Market Insights: Growth Drivers, Size & Forecasts to 2029
Automotive Speaker Market Size
What Is the Forecasted Market Growth Rate of the Automotive Speaker Industry?
The automobile speaker industry has seen substantial growth in recent years, with the market forecasted to increase from $6.26 billion in 2024 to $6.64 billion in 2025, representing a compound annual growth rate (CAGR) of 6.0%. The factors driving the growth during this historic period include the emergence of in-car entertainment, advances in audio technology, a greater emphasis on interior comfort, the widening scope of the automobile market, and an increased consumer desire for premium sound systems.
How Will the Automotive Speaker Market Size Evolve From 2025 to 2029?
The automobile speaker market is projected to experience substantial expansion in the ensuing years, eventually reaching a value of $9.06 billion by 2029, with an 8.1% compound annual growth rate (CAGR). This spike in growth during the forecast period could be traced back to the incorporation of cutting-edge connectivity features, vehicle electrification, a need for personalized audio experiences, and the rise of compact, lightweight speaker models. Increasing fascination with autonomous vehicle entertainment also contributes to this trend. The forecast period will also see big movements towards high-definition audio systems, smart voice assistant integration, 3d audio technologies, use of eco-friendly materials in speaker production, and augmented reality (AR) based audio experiences.
Explore The Complete Report Now:
https://www.thebusinessresearchcompany.com/report/automotive-speaker-global-market-report
What Are the Main Growth Drivers in the Automotive Speaker Market Today?
The surging need for entertainment mediums is anticipated to push the automotive speaker market's expansion in the future. These entertainment mediums encompass various platforms for amusement. The diverse entertainment preferences such as musical choices of customers will lead to an increased necessity for speakers in vehicles. For example, a May 2023 Mobility survey by S&P Global, a capital market firm in the US, pointed out that sound quality is more important than showy specifications to 2,524 survey participants globally. Over 70% of consumers want a high-end audio system in their upcoming vehicle. Hence, the escalating demand for entertainment mediums is fueling the rise of the automotive speaker market.
Get Free Sample Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6842&type=smp
Which Automotive Speaker Market Segment Is Expected to Lead Through 2029?
The automotive speaker market covered in this report is segmented -
1) By Type: 2-Way Speaker, 3-Way Speaker, 4-Way Speaker
2) By Vehicle Type: Passenger Car, Commercial Vehicle
3) By Speaker Type: Subwoofer, Midbass, Midrange, Tweeter
4) By Application: Voice Assistance, Entertainment, Warnings and Alerts, Guidance and Navigation, Automatic Pedestrian Alert System, Other Applications
Subsegments:
1) By 2-Way Speaker: Coaxial 2-Way Speakers, Component 2-Way Speakers
2) By 3-Way Speaker: Coaxial 3-Way Speakers, Component 3-Way Speakers
3) By 4-Way Speaker: Coaxial 4-Way Speakers, Component 4-Way Speakers
Which Market Trends Are Expected to Dominate Automotive Speaker Industry Growth?
The introduction of novel product innovations is an escalating trend in the automotive speaker industry. To consolidate their hold on the market, major companies are prioritizing the creation of unique and innovative products. For instance, Sony - a Japanese multinational firm, rolled out its GS car speaker and subwoofer lineup in June 2023, which included the XS-162GS, XS-160GS, XS-130GS, XS-690GS, XS-680GS speakers, and XS-W124GS and XS-W104GS subwoofers. The GS series aims to offer a smooth, detailed sound that enhances everyday commutes into impressive audio experiences. In addition to this, in September 2021, Harman International Industries Inc., a prominent US-based audio electronics company, unveiled its JBL Club 605 CSQ, a car speaker system with Bluetooth connectivity. This innovative speaker comes with a unique carbon fiber woofer with plus one architecture, promising a potent bass and long-lasting performance.
Customize Your Insights And Get The Full Report Here:
https://www.thebusinessresearchcompany.com/customise?id=6842&type=smp
Which Companies Hold the Largest Market Share in the Automotive Speaker Sector?
Major companies operating in the automotive speaker market include Alpine Electronics Inc., Bose Corporation, JVCKenwood Corporation, Harman International Industries Inc., Pioneer Corporation, Sony Corporation, Dynaudio A/S, Clarion Co Ltd., Continental AG, Blaupunkt GmbH, Panasonic Corporation, JL Audio Inc., Altec Lansing LLC, Focal JM Lab, Stillwater Designs and Audio Inc., Lear Corporation, Metra Electronics Corp., Sanyo Electric Co. Ltd., Samsung Electronics Co Ltd., Sound United LLC, Boston Acoustics Corp., McIntosh Laboratory Inc., Bowers & Wilkins Group Ltd., Meridian Audio Ltd., Burmester Audiosysteme GmbH, Cadence Design Systems Inc., Cerwin-Vega Mobile, Resonance Inc., Grundig AG, Lucky-Goldstar Electronics Co. Ltd.
Where Is the Automotive Speaker Market Experiencing the Highest Growth?
North America was the largest region in the automotive speakers market in 2024. The regions covered in the automotive speaker market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Speak With Our Expert:
Saumya Sahay
Americas +1 310-496-7795,
Asia +44 7882 955267 & +91 8897263534,
Europe +44 7882 955267
Email: saumyas@tbrc.info
The Business Research Company - www.thebusinessresearchcompany.com
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automotive Speaker Global Market Insights: Growth Drivers, Size & Forecasts to 2029 here
News-ID: 4172881 • Views: …
More Releases from The Business Research Company
Segment Evaluation and Major Growth Areas in the Personalized Testing and Supple …
The personalized testing and supplements sector is gaining remarkable traction, driven by advancements in technology and a rising consumer focus on tailored health solutions. As more individuals seek customized wellness options, this market is set to experience substantial expansion in the coming years. Here's an in-depth look at its current valuation, key players, significant trends, and the main market segments shaping its future.
Market Valuation and Expansion Forecast for Personalized Testing…
Top Players and Market Competition in the Skin Microbiome Industry
The skin microbiome market is emerging as a significant area of interest due to growing awareness about the critical role of skin health and innovative skincare technologies. As research advances and consumer preferences shift towards more natural and science-backed products, this market is set to undergo substantial growth. Let's explore the current market size, key players, driving factors, and upcoming trends shaping the skin microbiome industry.
Projected Expansion in the Skin…
Key Strategic Developments and Emerging Changes Shaping the Upadacitinib Market …
The upadacitinib market is poised for significant expansion over the coming years, driven by advances in treatment options and increasing awareness of autoimmune diseases. This report delves into the market's current size, key drivers, major players, and the emerging trends shaping its future trajectory.
Steady Growth Expected in Upadacitinib Market Size Through 2029
The market for upadacitinib is projected to reach $2.54 billion by 2029, growing at a robust compound annual…
Analysis of Key Market Segments Driving the Alzheimer's Disease Diagnostic Marke …
The Alzheimer's disease diagnostic sector is rapidly evolving as advancements in technology and healthcare infrastructure open new possibilities for early detection and personalized treatment. With rising awareness and innovative approaches, this market is poised for significant growth in the coming years. Let's explore the current market size, key drivers, leading companies, and emerging trends that are shaping this critical healthcare field.
Projected Market Size and Growth Trends in Alzheimer's Disease Diagnostics…
More Releases for Speak
SEQURIS GROUP TO SPEAK AT MADCAT
Sequris Group, LLC, a full-service information security company providing a complete range of cyber security and information security technologies and professional services, announces that Dennis Talluto will be speaking at the Michigan Automotive and Defense Cyber Assurance Team (MADCAT) Quarterly Meeting, to be held on TUE 23 MAY 2017, at the Success Center at Walsh College, 3838 Livernois Road in Troy.
Dennis Talluto, a Strategic Account Manager, has been concentrating his…
Kapil Gupta to Speak At OMCAR 2012
OMCAR 2012, about to be held on 13th January 2012 at New Delhi will see coming together of some of the biggest names from the online marketing industry and brands from various niches. Different brands addressing at OMCAR 2012 will talk about their successes and failures with social media! One amongst the speakers is Kapil Gupta, CEO & Founder, OMLogic Consulting.
Mr. Kapil Gupta, CEO & Founder, OMLogic Consulting shall…
Sanjay Mehta to Speak At OMCAR 2012
OMCAR 2012, about to be held on 13th January 2012 at New Delhi will see coming together of some of the biggest names from the online marketing industry and brands from various niches. Different brands addressing at OMCAR 2012 will talk about their successes and failures with social media! One amongst the speakers is Sanjay Mehta, Founder & Joint CEO, Social Wavelength.
Sanjay Mehta, Founder & Joint CEO, Social Wavelength is…
Pratik Mazumder to Speak At OMCAR 2012
OMCAR 2012, about to be held on 13th January 2012 at New Delhi will see coming together of some of the biggest names from the online marketing industry and brands from various niches. Different brands addressing at OMCAR 2012 will talk about their successes and failures with social media! One amongst the speakers is Pratik Mazumder, Head Marketing, Yatra.com.
Mr. Pratik Mazumder heads Marketing & Strategic Relations at Yatra Online Pvt.…
Speak-A-Message gets Facebook talking
Millions of people exchange personal messages on Facebook every day. This lively communication occurs almost exclusively in written form: as short text messages which are published on Facebook walls. Now German software vendor Inventivio has released a new application which provides an alternative to typing: Any Facebook user can create voice messages with the new version of 'Speak-A-Message', attach a photo and post to their Facebook wall. The message…
Akotherm: "We speak your language"
At the Bendorf-based aluminium system provider Akotherm, the preparations for the Bau 2011 trade fair are already underway. At the leading world construction trade fair and with the statement "we speak your language", the company will present itself as a contact who clearly identifies, understands and implements the requirements of metal constructor partners. Making use of new mobile communications opportunities, Akotherm is also implementing the first real "offline-online link" from…
