NEW YORK, July 4, 2022 /PRNewswire/ — Automotive audio speakers are part of an integrated audio system in an automobile. They are usually offered as standard original equipment manufacturer (OEM) fitments or as an option for upgrading the in-car infotainment system following the purchase of a vehicle.
The potential growth difference for the automotive audio speakers market between 2020 and 2025 is USD 6.37 bn. The year-over-year growth rate of the market in 2021 was 7.29%.
Five Forces Analysis
Threat of new entrants: Access to distribution channels is low, and the capital requirements are high. Hence, the threat of new entrants is low. The threat of new entrants is based on the entry barriers within the global automotive audio speakers market. A low threat of new entrants in 2020 indicates a high entry barrier, and the barrier to entry will continue to remain high by 2025.
Key Market Dynamics:
Market Driver: The availability of cost-effective aftermarket speakers is driving the growth of the market. In the last decade, macro-economic factors such as consistent demand for commercial vehicles in mature markets and the rise of potential buyers in emerging markets have led to record sales of passenger cars and commercial vehicles. Affordable car ownership models, high employment rates, and improving economic conditions have increased the competition in the global automotive market. Owing to such developments, automakers are offering differentiated features in their product offerings. Thus, the growing demand for aftermarket audio systems is expected to drive the global automotive audio speakers market during the forecast period.
Market Challenge: Design complexities and high costs of advanced automotive audio systems are challenging the automotive audio speakers market growth. OEM-fitted premium audio systems in luxury and premium cars include numerous speakers, amplifiers, and tweeters. These systems include advanced touchscreen systems. Many consumers are unable to afford such system due to high prices, which can hinder the growth of the global automotive audio speakers market.
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Market Segmentation
The automotive audio speakers market report is segmented by application (passenger vehicles and commercial vehicles) and geography (APAC, Europe, North America, South America, and MEA).
By application, the passenger vehicles segment will have significant market share growth during the forecast period. There is a strong demand for passenger cars in emerging economies such as Brazil, China, and India, with the increase in consumer purchasing power from rising per capita income and economic growth.
By geography, APAC will be the leading region with 57% of the market’s growth during the forecast period. China and Japan are the key countries for the automotive audio speakers market in APAC.
View our sample report for additional insights into the contribution of all the segments and regional opportunities in the report.
Some Companies Mentioned
Alpine Electronics Inc.
B & W Group Ltd.
Bose Corp.
Clarion Co. Ltd.
Continental AG
JVCKENWOOD Corp.
Panasonic Corp.
Pioneer Corp.
Samsung Electronics Co. Ltd.
Sony Corp.
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Automotive Audio Speakers Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 7.29% |
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Market growth 2021-2025 |
USD 6.37 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
6.67 |
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Regional analysis |
APAC, Europe, North America, South America, and MEA |
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Performing market contribution |
APAC at 57% |
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Key consumer countries |
China, US, Germany, Japan, and UK |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
Alpine Electronics Inc., B & W Group Ltd., Bose Corp., Clarion Co. Ltd., Continental AG, JVCKENWOOD Corp., Panasonic Corp., Pioneer Corp., Samsung Electronics Co. Ltd., and Sony Corp. |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Key Topics Covered:
1 Executive Summary
2 Market Landscape
2.1 Market ecosystem
Exhibit 01: Parent market
Exhibit 02: Market characteristics
2.2 Value chain analysis
Exhibit 03: Value chain analysis- Automotive components and accessories
3 Market Sizing
3.1 Market definition
Exhibit 04: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 05: Market segments
3.3 Market size 2020
3.4 Market outlook: Forecast for 2020 – 2025
Exhibit 06: Global – Market size and forecast 2020 – 2025 ($ million)
Exhibit 07: Global market: Year-over-year growth 2020 – 2025 (%)
4 Five Forces Analysis
4.1 Five forces summary
Exhibit 08: Five forces analysis 2020 & 2025
4.2 Bargaining power of buyers
Exhibit 09: Bargaining power of buyers
4.3 Bargaining power of suppliers
Exhibit 10: Bargaining power of suppliers
4.4 Threat of new entrants
Exhibit 11: Threat of new entrants
4.5 Threat of substitutes
Exhibit 12: Threat of substitutes
4.6 Threat of rivalry
Exhibit 13: Threat of rivalry
4.7 Market condition
Exhibit 14: Market condition – Five forces 2020
5 Market Segmentation by Application
5.1 Market segments
Exhibit 15: Application – Market share 2020-2025 (%)
5.2 Comparison by Application
Exhibit 16: Comparison by Application
5.3 Passenger vehicles – Market size and forecast 2020-2025
Exhibit 17: Passenger vehicles – Market size and forecast 2020-2025 ($ million)
Exhibit 18: Passenger vehicles – Year-over-year growth 2020-2025 (%)
5.4 Commercial vehicles – Market size and forecast 2020-2025
Exhibit 19: Commercial vehicles – Market size and forecast 2020-2025 ($ million)
Exhibit 20: Commercial vehicles – Year-over-year growth 2020-2025 (%)
5.5 Market opportunity by Application
Exhibit 21: Market opportunity by Application
6 Customer landscape
6.1 Overview
Exhibit 22: Customer landscape
7 Geographic Landscape
7.1 Geographic segmentation
Exhibit 23: Market share by geography 2020-2025 (%)
7.2 Geographic comparison
Exhibit 24: Geographic comparison
7.3 APAC – Market size and forecast 2020-2025
Exhibit 25: APAC – Market size and forecast 2020-2025 ($ million)
Exhibit 26: APAC – Year-over-year growth 2020-2025 (%)
7.4 Europe – Market size and forecast 2020-2025
Exhibit 27: Europe – Market size and forecast 2020-2025 ($ million)
Exhibit 28: Europe – Year-over-year growth 2020-2025 (%)
7.5 North America – Market size and forecast 2020-2025
Exhibit 29: North America – Market size and forecast 2020-2025 ($ million)
Exhibit 30: North America – Year-over-year growth 2020-2025 (%)
7.6 South America – Market size and forecast 2020-2025
Exhibit 31: South America – Market size and forecast 2020-2025 ($ million)
Exhibit 32: South America – Year-over-year growth 2020-2025 (%)
7.7 MEA – Market size and forecast 2020-2025
Exhibit 33: MEA – Market size and forecast 2020-2025 ($ million)
Exhibit 34: MEA – Year-over-year growth 2020-2025 (%)
7.8 Key leading countries
Exhibit 35: Key leading countries
7.9 Market opportunity by geography
Exhibit 36: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
8.1 Market drivers
8.2 Market challenges
Exhibit 37: Impact of drivers and challenges
8.3 Market trends
9 Vendor Landscape
9.1 Overview
Exhibit 38: Vendor landscape
9.2 Landscape disruption
Exhibit 39: Landscape disruption
Exhibit 40: Industry risks
10 Vendor Analysis
10.1 Vendors covered
Exhibit 41: Vendors covered
10.2 Market positioning of vendors
Exhibit 42: Market positioning of vendors
10.3 Alpine Electronics Inc.
10.4 B
Exhibit 41: Vendors covered
Exhibit 42: Market positioning of vendors
Exhibit 43: Alpine Electronics Inc. – Overview
Exhibit 44: Alpine Electronics Inc. – Business segments
Exhibit 45: Alpine Electronics Inc. – Key news
Exhibit 46: Alpine Electronics Inc. – Key offerings
Exhibit 47: Alpine Electronics Inc. – Segment focus
Exhibit 51: Bose Corp. – Overview
Exhibit 52: Bose Corp. – Product and service
Exhibit 53: Bose Corp. – Key offerings
Exhibit 54: Clarion Co. Ltd. – Overview
Exhibit 55: Clarion Co. Ltd. – Business segments
Exhibit 56: Clarion Co. Ltd. – Key offerings
Exhibit 57: Clarion Co. Ltd. – Segment focus
Exhibit 58: Continental AG – Overview
Exhibit 59: Continental AG – Business segments
Exhibit 60: Continental AG – Key news
Exhibit 61: Continental AG – Key offerings
Exhibit 62: Continental AG – Segment focus
Exhibit 63: JVCKENWOOD Corp. – Overview
Exhibit 64: JVCKENWOOD Corp. – Business segments
Exhibit 65: JVCKENWOOD Corp. – Key news
Exhibit 66: JVCKENWOOD Corp. – Key offerings
Exhibit 67: JVCKENWOOD Corp. – Segment focus
Exhibit 68: Panasonic Corp. – Overview
Exhibit 69: Panasonic Corp. – Business segments
Exhibit 70: Panasonic Corp. – Key offerings
Exhibit 71: Panasonic Corp. – Segment focus
Exhibit 72: Pioneer Corp. – Overview
Exhibit 73: Pioneer Corp. – Business segments
Exhibit 74: Pioneer Corp. – Key offerings
Exhibit 75: Pioneer Corp. – Segment focus
Exhibit 76: Samsung Electronics Co. Ltd. – Overview
Exhibit 77: Samsung Electronics Co. Ltd. – Business segments
Exhibit 78: Samsung Electronics Co. Ltd. – Key news
Exhibit 79: Samsung Electronics Co. Ltd. – Key offerings
Exhibit 80: Samsung Electronics Co. Ltd. – Segment focus
Exhibit 81: Sony Corp. – Overview
Exhibit 82: Sony Corp. – Business segments
Exhibit 83: Sony Corp. – Key news
Exhibit 84: Sony Corp. – Key offerings
Exhibit 85: Sony Corp. – Segment focus
10.5 Bose Corp.
Exhibit 51: Bose Corp. – Overview
Exhibit 52: Bose Corp. – Product and service
Exhibit 53: Bose Corp. – Key offerings
10.6 Clarion Co. Ltd.
Exhibit 54: Clarion Co. Ltd. – Overview
Exhibit 55: Clarion Co. Ltd. – Business segments
Exhibit 56: Clarion Co. Ltd. – Key offerings
Exhibit 57: Clarion Co. Ltd. – Segment focus
10.7 Continental AG
Exhibit 58: Continental AG – Overview
Exhibit 59: Continental AG – Business segments
Exhibit 60: Continental AG – Key news
Exhibit 61: Continental AG – Key offerings
Exhibit 62: Continental AG – Segment focus
10.8 JVCKENWOOD Corp.
Exhibit 63: JVCKENWOOD Corp. – Overview
Exhibit 64: JVCKENWOOD Corp. – Business segments
Exhibit 65: JVCKENWOOD Corp. – Key news
Exhibit 66: JVCKENWOOD Corp. – Key offerings
Exhibit 67: JVCKENWOOD Corp. – Segment focus
10.9 Panasonic Corp.
Exhibit 68: Panasonic Corp. – Overview
Exhibit 69: Panasonic Corp. – Business segments
Exhibit 70: Panasonic Corp. – Key offerings
Exhibit 71: Panasonic Corp. – Segment focus
10.10 Pioneer Corp.
Exhibit 72: Pioneer Corp. – Overview
Exhibit 73: Pioneer Corp. – Business segments
Exhibit 74: Pioneer Corp. – Key offerings
Exhibit 75: Pioneer Corp. – Segment focus
10.11 Samsung Electronics Co. Ltd.
Exhibit 76: Samsung Electronics Co. Ltd. – Overview
Exhibit 77: Samsung Electronics Co. Ltd. – Business segments
Exhibit 78: Samsung Electronics Co. Ltd. – Key news
Exhibit 79: Samsung Electronics Co. Ltd. – Key offerings
Exhibit 80: Samsung Electronics Co. Ltd. – Segment focus
10.12 Sony Corp.
Exhibit 81: Sony Corp. – Overview
Exhibit 82: Sony Corp. – Business segments
Exhibit 83: Sony Corp. – Key news
Exhibit 84: Sony Corp. – Key offerings
Exhibit 85: Sony Corp. – Segment focus
W Group Ltd.
11 Appendix
11.1 Scope of the report
11.2 Currency conversion rates for US$
Exhibit 86: Currency conversion rates for US$
11.3 Research methodology
Exhibit 87: Research Methodology
Exhibit 88: Validation techniques employed for market sizing
Exhibit 89: Information sources
11.4 List of abbreviations
Exhibit 90: List of abbreviations
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