Automotive Speaker Market Trends 2022

Major Players of Automotive Speaker Market are Sony Corporation, Pioneer Corporation, Clarion Co., Ltd., Panasonic Corporation, Kenwood Corporation, Alpine Electronics, Inc., Continental Aktiengesellschaft (AG), Bose Corporation, Harman International Industries, ELETTROMEDIA SRL, Blaupunkt GmBH, Bowers & Wilkins, Ltd., Dynaudio A/S, Focal JMLAB and JL Audio, Inc.

Pune, India, Jan. 18, 2022 (GLOBE NEWSWIRE) —

The global automotive speaker market size is expected to grow at a substantial CAGR during the forecast period, as the automotive sector is witnessing major technological developments. More and more customers are looking for advanced features in their vehicles, such as smart speakers and audio systems. Since there are a variety of automotive speakers available at affordable rates, their demand is expected to increase. Below are mentioned the regional trends that are positively influencing the industry forecast:

Robust adoption of 3-way automotive speakers:

3-way automotive speakers are expected to hold a large share of the market North American market by 2027. One of the main reasons behind this is their ability to reproduce clear and high volume sounds. They provide a woofer, a mid-range speaker woofer, and a separate tweeter to increase speaker control over the audio frequency range. 3-way automotive speakers enhance the surround sound experience for drivers, boosting their demand.

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The purchase of luxury cars is increasing:

The outlook for the regional automotive speaker market will be fueled by the growing sale of luxury cars. Reputable companies, such as Bose Corporation, Dirac Research, and Harman Industries, partner with luxury car manufacturers to deliver innovative car speakers. These collaborations will ensure that a customer’s overall driving experience is enhanced using automotive speakers that deliver an immersive listening experience, which will drive the adoption of smart automotive speakers.

Growth in disposable income is driving demand for automotive speakers:

The region is experiencing robust growth in the average disposable income of the population due to increasing urbanization and industrialization activities. It increased the purchase of luxury vehicles. Luxury vehicle manufacturers are using innovative, high-quality automotive speakers that not only help customers navigate heavy traffic carefully, but also enhance their overall travel experience, fueling their installation in high-end cars. range.

COVID-19 Effect on Automotive Speaker Demand:

The COVID-19 pandemic has had a negative impact on Asia Pacific Automotive Speaker Market Share as governments had imposed strict lockdown and movement restrictions. It led to the temporary closure of manufacturing plants due to the severe shortage of raw materials and labor.

Demand for vehicles also saw a sharp decline in the first half of 2020 as people were forced to stay indoors to avoid being infected with the virus, which ultimately had a negative effect on speaker production. cars in the area. However, as the current situation is constantly improving due to large-scale vaccination campaigns, the market share of APAC is expected to gain momentum in the coming years.

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High usage of automotive speakers in passenger cars:

Passenger cars are expected to capture a major share of the market by 2027. One of the major contributing factors is the rising per capita income of the people. Since a large percentage of people migrate to cities, their demand for vehicles with innovative capabilities is likely to increase at a rapid pace. The need for smart infotainment systems, advanced safety features and ADAS driver assistance is increasing among customers, which is driving the adoption of automotive speakers in passenger cars.

The demand for 2-way automotive speakers is increasing:

2-way automotive speakers could hold a major share of the regional market by 2027. These speakers are compact and incur lower initial costs than advanced with many drivers. The 2-way speakers can split high and low frequencies using a separate tweeter and woofer, improving sound output. They also consist of an integrated electronic crossover circuit that can help users control the frequency range for greater clarity, which will increase the demand for 2-way automotive speakers.

Commercial vehicles can widely use automotive speakers:

the European car speaker market size commercial vehicles is expected to register a high CAGR over the period 2021-2027. The sale of commercial vehicles is increasing at a notable rate every year. Smart car speakers are increasingly being installed in buses and trucks to improve driver safety and provide a wide range of entertainment options.

These speakers are equipped with proximity sensors that can help drivers navigate smoothly on busy roads, reducing the incidence of accidents. Car speakers also inform bus and train passengers about upcoming stops, estimated time of arrival, and many other important travel updates, which can positively influence their adoption.

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Aftermarket sales channels are gaining traction with end users:

Aftermarket sales channels are expected to capture a significant share of European industry by 2027. Customers can purchase spare parts and benefit from other services at reasonable prices. Aftermarket distributors supply individual parts, such as amplifiers, speakers and sound processors to a wide range of automakers. Many customers are turning to aftermarket speakers to improve the performance of factory-installed audio systems, increasing their use in high-end vehicles.

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