US: 1.917.963.8646 (24x5)
UK: 44.330.808.0580 (24x5)
Worldwide: 91.703.051.960 (24x7)
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Global Automotive Audio Speakers Market 2021: By Component (Speaker, Head Unit, Amplifier), By Technology (Voice Recognized, Non-voice Recognized), By Accessibility (Smart Phone Controlled, Manual Controlled)Global Automotive Audio Speakers Market is the title of an upcoming and exhaustive market research report offering by Trusted Business Insights. During every study a wide range of critical factors are analyzed and studied in depth, and vital data and information is presented with a well-planned design and flow and format in the report. In addition to revenue share of each segment, region, and country, revenue growth driving factors, restraints, as well as opportunities in untapped regions and economies, and threats are included. The company profiles of key players comprise detailed information, recent developments, strategies, and acquisitions and mergers etc. The global automotive audio speakers market is segmented by component, technology, accessibility, and region and countries.Request Covid - 19 Impact The Global Automotive Audio Speakers market size was valued at USD $10.83 Billion in 2020, USD $11.72 Billion in 2021, forecasted to reach USD $12.67 Billion in 2022, and is projected to reach USD $24.55 Billion by 2030, and is anticipated to expand at a CAGR of 8.13% over the forecast period from 2020 to 2030.
OverviewThe global automotive industry is continuously evolving due to technological advancements. Among some such advancements include increasing evolution in automotive audio equipment for application in vehicles. Some electronic features widely found in vehicles are navigation systems, music systems, and music systems with Bluetooth connectivity. Audio speakers play a vital role in a music system, but currently has a more vital role. Besides serving as a component is a system developed for in-vehicle entertainment, it also serves as a component of an information system. The integration of speakers with other features such as climate system and navigation system has resulted in the emergence of an effective infotainment system for occupants in the vehicle.
Global Automotive Audio Speakers Market: DynamicsDrivers: Developments in advancing technologies and emergence of new features are enabling exploration of a wider variety of automotive systems in vehicles. Availability of advanced features in low cost vehicles, which were previously limited to luxury vehicles, has resulted in increased vehicle consumer numbers, especially the growing middle class section. Increase in number of consumers is driving increase in vehicle sales, and in turn need for audio speakers. Collaborations among technology providers with automobile industries is trending currently. For instance, Amazon has collaborated with major car manufactures for the installation of Alexa as part of the automotive infotainment system. Such developments are opening different avenues in the automobile sector, and with the emergence of IoT-enabled smart speakers, more advanced features for cars and other vehicles is expected to emerge. These developments are among some of the primary factors driving growth of the market. Restraints: Complex designs and the high prices of advanced automotive in-vehicle entertainment systems are some factors that could impede growth of the market. High cost reduces affordability and results in decline in consumer base growth. This is a major restraining factor that could affect the global automotive audio speakers market.
Global Automotive Audio Speakers Market Regional Analysis:North America is projected to account for largest revenue share in the market, with an expected CAGR of 6.3%, followed by the market in Europe. Asia Pacific is also expected to account for significant share in revenue terms, owing to increasing consumer base growth and increasing emergence of more advanced technologies, especially related to entertainment and infotainment systems. MultiBeam™, Bluetooth® are the brands covered in this Automotive Audio Speakers report.
Below are the active patents related to Automotive Audio Speakers Market.Patent Number: US8542846B2 Vehicle sound enhancing system and method of producing Abstract Methods, systems and storage media are disclosed for enhancing the sounds of any vehicle, motorized conveyance, vehicle simulator, video game or vehicle like device by feeding the output of a playback device of the invention fed by a storage medium of the invention containing signals including one or more sounds of an operating DEV of choice and a signal indicating the RPM of the operating vehicle, motorized conveyance, vehicle simulator, video game or vehicle like device into one or more speakers and/or headphones. DEVs (Driving enthusiast vehicles) includes performance vehicles, race cars, trucks, tanks, motorcycles, power boats and the like. Using the invention, a driver or passenger is able to produce, inside the passenger compartment of any vehicle, etc., the sounds that a DEV makes at the corresponding RPMs of the separate engines. Type: Grant Filed: 2007-02-23 Date of Patent: 2013-09-24 Inventor: John Lloyd Matejczyk, John Hart Miller
Below are the leading companies profiled in this Automotive Audio Speakers Market Report:
Chapter 1 Methodology and Scope