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.

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Based on type, the demand for 4-way speakers is surging in the luxury vehicle segment owing to its improved power and bass volume compared to 3-way and 2-way speakers. 4-way speakers have the ability to produce high-quality sound and handle high frequencies. However, 2-way speakers are also projected to witness substantial growth given to their compact size and low initial costs. Ample availability of these speakers by aftermarket vendors and OEMs may help meet user demand.

Geographically speaking, the 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.

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.

In 2019, Hyundai Motor announced the launch of the new generation Sonata, containing the Bose Premium sound system which has been developed in collaboration by Bose and Hyundai engineers to give an enhanced audio experience to customers. While in 2020, Naim Audio, in partnership with Bentley, announced the launch of two exclusive audio products including a special edition wireless speaker system and headphones, to continue their long-standing creative alliance.

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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

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

6.3    Commercial Vehicles

6.3.1    Market estimates and forecast, 2017 - 2027

6.3.1.1    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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