Automotive Audio Market Analysis & Forecast 2024-2030

Global Automotive Audio Market is expected to reach USD 13840.34 million by 2030 with CAGR of 5% between 2024 and 2030

Overview

Automotive industry throughout the globe is evolving and adopting advanced technological developments and innovations, along with increased focus on driver’s comfort and safety. The technology like voice-enabled audio and smartphone controlled audio systems is a part of automotive audio market has also observed developments in various technologies. Automotive audio systems have become important equipment for drivers and occupants, as the time spent in passenger cars by consumers is increasing due to traffic congestion and increase in daily work commute by personal vehicles. Automotive audio systems are designed to create superior sound quality comprised of numerous speakers, sound amplifiers, and tweeters which deliver optimum sound quality compared to regular audio systems.  

Product type & Competitive analysis

A speaker that is 4-way consists of a bass and mid-range cone as well as 2 tweeters. With an extra tweeter gives better high-range sound to this speaker, but commonly adds little to the overall quality. 4-6 Speakers speaker set comes with Vertical Attach Surround Technique (VAST) which essentially increases the speaker’s effective radiating cone area without increasing the speaker size. This technique results in a 25% increase in active radiating cone area compared to a standard 4x6 speaker. The Punch P1462 has a flex fit basket which utilizes slots where possible instead of single screw sized holes. This feature facilitates slight adjustment of the speaker when it is mounted. > 6 Speakers are used in cars, trucks, or in luxury cars. < 4 Speakers, 4-6 Speakers, > 6 Speakers this all are the different kinds of speakers which is used in different types of cars with their suitability. The price of this speakers is different as compared with each other and price speakers is also differs due to their quality of material is used while manufacturing.  

Application & Regional analysis

Study mainly considers application of automotive audio system in passenger vehicles and commercial vehicles. A passenger car is a motor vehicle designed or adapted primarily to carry people on highways and streets. Most cars, station wagons, vans, and some pick-up trucks are passenger cars. This passenger car largely consists of automotive audio systems in it. Not only passenger cars but commercial car also consist of automotive audio in it, as commercial cars are divided into two sections LCV and HCV and this both light commercial cars and heavy commercial cars consist of automotive audio in it. LCV stands for light commercial vehicle. With a gross vehicle weight of no more than 3.5 metric tons, LCV in the European Union, Australia, and New Zealand is a commercial carrier vehicle. In both Canada and Ireland, the LCV designation is also occasionally, where Commercial Van is more generally used. HCV stands for Heavy Commercial Vehicle. A vehicle with GVW of more than 6 ton is defined as HCV. Heavy weight vehicles are used to transport raw materials to work site and finished goods to the market.  

Geographically, the automotive audio is divided into United States, China, Europe, Japan, Southeast Asia, and India. In automotive audio market, Japan is the largest supplier of automotive audio. In automotive audio market, North America is the second largest supplier of automotive audio. The automotive audio production market of North America have nearly 15% share in 2017. In 2018, China is the largest consumption place, with 27% share of consumption market. With the consumption market share of 23%, China and Europe is the second largest consumption place. Europe is largest adopter of automotive audio systems, followed by North America.  

 

Automotive Audio Market: Product Type

• Head Unit
• Speaker
• Amplifier
• Connectors

Automotive Audio Market: Control type

• Voice-based
• Manual

Automotive Audio Market: Application

• Passenger Vehicles
• Commercial Vehicles

Automotive Audio Market: Competitive Analysis

Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study constitutes of following key players in Automotive Audio Market:

• Panasonic
• Harman
• Continental
• Pioneer
• Visteon
• Clarion
• Fujitsu Ten
• Delphi
• MOBIS
• BOSE
• Alpine

Geographical analysis of Automotive Audio Market:

• North America
  • U.S.A
  • Canada
• Europe
  • France
  • Germany
  • Spain
  • UK
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South East Asia
• Latin America
  • Brazil
• Middle East and Africa

Global Automotive Audio Market Report delivers a comprehensive analysis of the following parameters:

• Market Forecast for 2024-2030
• Market growth drivers
• Challenges and Opportunities
• Emerging and Current market trends
• Market player Capacity, Production, Revenue (Value)
• Supply (Production), Consumption, Export, Import analysis
• End user/application Analysis

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