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Table of Contents
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.
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.
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.
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 2023. In 2023, 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
Automotive Audio Market: Control type
Automotive Audio Market: Application
Automotive Audio Market: Competitive Analysis
Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study consists of following key players in Automotive Audio Market:
Geographical analysis of Automotive Audio Market:
Global Automotive Audio Market Report delivers a comprehensive analysis of the following parameters:
Parameters | Details |
---|---|
Base Year |
2024 |
Historical Data |
2018-2023 |
Forecast Data |
2024-2030 |
Base Year Value (2024) |
USD 9836.07 million |
Forecast Value (2031) |
USD 13840.34 million |
CAGR (2025-2030) |
5 % |
Regional Scope |
North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW |
Automotive Audio Market was valued at around USD 9836.07 million in 2023 & estimated to reach USD 13840.34 million by 2030.
Automotive Audio Market is likely to grow at Compound Annual Growth Rate (CAGR) of 5% between 2024 to 2030.
Automotive Audio Market is dominated by the Voice-based segment and the Asia-Pacific region holds the highest market share in 2023.
Some of the top key players in the Automotive Audio Market are
Primary driving factors for the growth of the Automotive Audio Market include Evolving and adopting advanced technological developments and innovations, along with increased focus on driver?s comfort and safety.
Yes, the report includes COVID 19 impact on the market.
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