+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

Car Audio Market to 2027 - Global Analysis and Forecasts by Component

  • ID: 5014173
  • Report
  • March 2020
  • Region: Global
  • 174 pages
  • The Insight Partners
UP TO OFF
until Jan 15th 2021
1 of 3

Enquire about COVID-19 updates for this product.

Enquire Now

FEATURED COMPANIES

  • Alpine Electronics, Inc.
  • Clarion Co., Ltd.
  • Continental AG
  • Denso Ten
  • Harman International
  • Hyundai Mobis
  • MORE
The global car audio market was valued at US$ 43,085.6 million in 2018 and is expected to grow at a CAGR of 3.3% during 2019–2027 to reach US$ 52,397.5 million by 2027.

The automotive industry is evolving and adopting advanced technological developments and innovations, such as voice-enabled audio systems and smartphone-controlled audio systems, along with an increased focus on driver's comfort and safety. Further, with the development of ADAS and connected cars technology, the car audio market is experiencing a drastic change with companies focusing on their product development to efficiently compete with their rivals.

The market for both premium and standard audio systems is experiencing growth in terms of volume. Although the premium audio systems are expensive, it is expected to dominate in the coming years and capture a larger share than generic car audio systems. Most of the OEMs are opting for premium audio systems even in lower segment of cars resulting in the higher growth rate of premium audio systems than non-branded audio systems. These OEMs partner with varied car audio manufacturers for their different car models, depending on the technology and cost.

With the rising concerns regarding vehicular emission, major OEMs are shifting their focus toward electric vehicle. With the increasing demand for electric vehicles, the demand for car audio systems is subsequently expected to increase. Electric vehicles are available at a premium price across the globe; this increases the chances of integrating a branded audio system into the vehicles.

Additionally, the touch operated is witnessing a higher growth rate than manually operated audio systems owing to increasing penetration of smartphones and the availability of better internet services. Although, the market for touch-controlled audio system is in its infancy, but it is expected to grow at a higher CAGR due to rising concern for driver safety and ease of use.

APAC accounted for the major share of the global car audio market. The car audio market in APAC is further segmented into China, India, Japan, Australia, South Korea, and the Rest of APAC. The economy of the region is performing well with numerous technological and infrastructural developments. The car audio market in APAC is primarily driven by increasing disposable income and changing consumer preferences. The automotive industry in countries such as India, China, and South Korea is growing owing to the increasing manufacturing of vehicles. For instance, India produced total 4,516,017 vehicles, of which 3,623,335 were cars in 2019. Also, in 2019, China was the largest vehicle producing country across the world; it produced 25,720,665 vehicles in 2019, of which 21,360,193 were cars. The presence of a strong automotive sector and the increasing number of passenger car manufacturers are the major factors driving the growth of the car audio market in the region.

Based on component, the car audio market is further segmented into head unit, speaker, and amplifier. The amplifier segment is further segmented into 2-channel amplifier and 4-channel amplifier. The speaker unit is further broken down into mid-range speaker, tweeter, and sub-woofer. The head unit is further bifurcated into manual controlled and touch controlled.

The global car audio market is broadly segmented into North America, Europe, APAC, MEA, and SAM. The major players profiled in the global car audio market are Alpine Electronics, Inc.; Continental AG; Clarion Co., Ltd.; Harman International; Panasonic Corporation; Pioneer Corporation; Sony Corporation; Visteon Corporation; Hyundai Mobis; and Denso Ten.

The overall global car audio market size has been derived using both primary and secondary sources. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the global car audio market. It also provides an overview and forecast for the car audio market based on all the segmentations provided for the global regions. Also, primary interviews were conducted with industry participants and commentators to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in car audio systems.

Reasons to Buy:
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the car audio market, thereby allowing players to develop effective long term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to components, aircraft type, and end-users.
Note: Product cover images may vary from those shown
2 of 3

FEATURED COMPANIES

  • Alpine Electronics, Inc.
  • Clarion Co., Ltd.
  • Continental AG
  • Denso Ten
  • Harman International
  • Hyundai Mobis
  • MORE
1. Introduction
1.1 Study Scope
1.2 Report Guidance
1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Car Audio Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America - PEST Analysis
4.2.2 Europe - PEST Analysis
4.2.3 Asia-Pacific - PEST Analysis
4.2.4 Middle East & Africa - PEST Analysis
4.2.5 South America - PEST Analysis
4.3 Premium Insights
4.3.1 Car audio system production volume analysis
4.3.2 Vehicle Production Statistics
4.3.3 Car Audio Tier 1 Suppliers - Market Share Analysis

5. Car audio Market - Key Market Dynamics
5.1 Drivers
5.1.1 Increasing adoption of Premium Car Audio Systems
5.1.2 Electric Vehicle
5.2 Market Restraints
5.2.1 Battery Drainage issues
5.3 Market Opportunities
5.3.1 Smart car audio system with the integration of virtual assistants
5.4 Future Trends
5.4.1 Speaker-less Car Audio
5.1 Impact Analysis of Drivers and restraints

6. Car Audio - Global Market Analysis
6.1 Car audio Global Overview
6.2 Car audio Market - Revenue, and Forecast to 2027 (US$ Million)

7. Car Audio Market Analysis - By Component
7.1 Overview
7.2 Car Audio Market, By Component (2019 and 2027)
7.3 Head Unit
7.3.1 Overview
7.3.2 Head Unit: Car Audio Market - Revenue and Forecast to 2027 (US$ Million)
7.3.3 Manual Control
7.3.3.1 Overview
7.3.3.2 Manual Control: Car Audio Head Unit Market - Revenue and Forecast to 2027 (US$ Million)
7.3.4 Touch Control
7.3.4.1 Overview
7.3.4.2 Touch Control: Car Audio Head Unit Market - Revenue and Forecast to 2027 (US$ Million)
7.4 Speaker Unit
7.4.1 Overview
7.4.2 Speaker Unit: Car Audio Market - Revenue and Forecast to 2027 (US$ Million)
7.4.3 Speaker
7.4.4 Overview
7.4.4.1 Speaker: Car Audio Speaker Unit Market - Revenue and Forecast to 2027 (US$ Million)
7.4.5 Tweeter
7.4.6 Overview
7.4.6.1 Tweeter: Car Audio Speaker Unit Market - Revenue and Forecast to 2027 (US$ Million)
7.4.7 Subwoofer
7.4.7.1 Overview
7.4.7.2 Subwoofer: Car Audio Speaker Unit Market - Revenue and Forecast to 2027 (US$ Million)
7.5 Amplifier
7.5.1 Overview
7.5.2 Amplifier: Car Audio Market - Revenue and Forecast to 2027 (US$ Million)
7.5.3 2-Channel
7.5.3.1 Overview
7.5.3.2 2-Channel: Car Audio Market - Revenue and Forecast to 2027 (US$ Million)
7.5.4 4-Channel
7.5.4.1 Overview
7.5.4.2 4Channel: Car Audio Market - Revenue and Forecast to 2027 (US$ Million)

8. Geographic Analysis
8.1 North America: Car Audio Market
8.1.1 North America: Car Audio Market - Revenue and Forecast to 2027 (US$ Million)
8.1.2 North America: Car Audio Market, by Component
8.1.2.1 North America: Car Audio Market, by Head Unit
8.1.2.2 North America: Car Audio Market, by Speaker Unit
8.1.2.3 North America: Car Audio Market, by Amplifier
8.1.3 North America: Car Audio Market, by Key Country
8.1.3.1 US: Car Audio Market - Revenue and Forecast to 2027 (US$ Million)
8.1.3.1.1 US: Car Audio Market, by Component
8.1.3.1.1.1 US: Car Audio Market, by Head Unit
8.1.3.1.1.2 US: Car Audio Market, by Speaker Unit
8.1.3.1.1.3 US: Car Audio Market, by Amplifier
8.1.3.2 Canada: Car Audio Market - Revenue and Forecast to 2027 (US$ Million)
8.1.3.2.1 Canada: Car Audio Market, by Component
8.1.3.2.1.1 Canada: Car Audio Market, by Head Unit
8.1.3.2.1.2 Canada: Car Audio Market, by Speaker Unit
8.1.3.2.1.3 Canada: Car Audio Market, by Amplifier
8.1.3.3 Mexico: Car Audio Market - Revenue and Forecast to 2027 (US$ Million)
8.1.3.3.1 Mexico: Car Audio Market, by Component
8.1.3.3.1.1 Mexico: Car Audio Market, by Head Unit
8.1.3.3.1.2 Mexico: Car Audio Market, by Speaker Unit
8.1.3.3.1.3 Mexico: Car Audio Market, by Amplifier
8.2 Europe: Car Audio Market
8.2.1 Europe: Car Audio Market - Revenue and Forecast to 2027 (US$ Million)
8.2.2 Europe: Car Audio Market, by Component
8.2.2.1 Europe: Car Audio Market, by Head Unit
8.2.2.2 Europe: Car Audio Market, by Speaker Unit
8.2.2.3 Europe: Car Audio Market, by Amplifier
8.2.3 Europe: Car Audio Market, by Key Country
8.2.3.1 Germany: Car Audio Market - Revenue and Forecast to 2027 (US$ Million)
8.2.3.1.1 Germany: Car Audio Market, by Component
8.2.3.1.1.1 Germany: Car Audio Market, by Head Unit
8.2.3.1.1.2 Germany: Car Audio Market, by Speaker Unit
8.2.3.1.1.3 Germany: Car Audio Market, by Amplifier
8.2.3.2 France: Car Audio Market - Revenue and Forecast to 2027 (US$ Million)
8.2.3.2.1 France: Car Audio Market, by Component
8.2.3.2.1.1 France: Car Audio Market, by Head Unit
8.2.3.2.1.2 France: Car Audio Market, by Speaker Unit
8.2.3.2.1.3 France: Car Audio Market, by Amplifier
8.2.3.3 Italy: Car Audio Market - Revenue and Forecast to 2027 (US$ Million)
8.2.3.3.1 Italy: Car Audio Market, by Component
8.2.3.3.1.1 Italy: Car Audio Market, by Head Unit
8.2.3.3.1.2 Italy: Car Audio Market, by Speaker Unit
8.2.3.3.1.3 Italy: Car Audio Market, by Amplifier
8.2.3.4 UK: Car Audio Market - Revenue and Forecast to 2027 (US$ Million)
8.2.3.4.1 UK: Car Audio Market, by Component
8.2.3.4.1.1 UK: Car Audio Market, by Head Unit
8.2.3.4.1.2 UK: Car Audio Market, by Speaker Unit
8.2.3.4.1.3 UK: Car Audio Market, by Amplifier
8.2.3.5 Russia: Car Audio Market - Revenue and Forecast to 2027 (US$ Million)
8.2.3.5.1 Russia: Car Audio Market, by Component
8.2.3.5.1.1 Russia: Car Audio Market, by Head Unit
8.2.3.5.1.2 Russia: Car Audio Market, by Speaker Unit
8.2.3.5.1.3 Russia: Car Audio Market, by Amplifier
8.2.3.6 Rest of Europe: Car Audio Market - Revenue and Forecast to 2027 (US$ Million)
8.2.3.6.1 Rest of Europe: Car Audio Market, by Component
8.2.3.6.1.1 Rest of Europe: Car Audio Market, by Head Unit
8.2.3.6.1.2 Rest of Europe: Car Audio Market, by Speaker Unit
8.2.3.6.1.3 Rest of Europe: Car Audio Market, by Amplifier
8.3 Asia-Pacific: Car Audio Market
8.3.1 Asia-Pacific: Car Audio Market - Revenue and Forecast to 2027 (US$ Million)
8.3.2 Asia-Pacific: Car Audio Market, by Component
8.3.2.1 Asia-Pacific: Car Audio Market, by Head Unit
8.3.2.2 Asia-Pacific: Car Audio Market, by Speaker Unit
8.3.2.3 Asia-Pacific: Car Audio Market, by Amplifier
8.3.3 Asia-Pacific: Car Audio Market, by Key Country
8.3.3.1 Australia: Car Audio Market - Revenue and Forecast to 2027 (US$ Million)
8.3.3.1.1 Australia: Car Audio Market, by Component
8.3.3.1.1.1 Australia: Car Audio Market, by Head Unit
8.3.3.1.1.2 Australia: Car Audio Market, by Speaker Unit
8.3.3.1.1.3 Australia: Car Audio Market, by Amplifier
8.3.3.2 China: Car Audio Market - Revenue and Forecast to 2027 (US$ Million)
8.3.3.2.1 China: Car Audio Market, by Component
8.3.3.2.1.1 China: Car Audio Market, by Head Unit
8.3.3.2.1.2 China: Car Audio Market, by Speaker Unit
8.3.3.2.1.3 China: Car Audio Market, by Amplifier
8.3.3.3 India: Car Audio Market - Revenue and Forecast to 2027 (US$ Million)
8.3.3.3.1 India: Car Audio Market, by Component
8.3.3.3.1.1 India: Car Audio Market, by Head Unit
8.3.3.3.1.2 India: Car Audio Market, by Speaker Unit
8.3.3.3.1.3 India: Car Audio Market, by Amplifier
8.3.3.4 Japan: Car Audio Market - Revenue and Forecast to 2027 (US$ Million)
8.3.3.4.1 Japan: Car Audio Market, by Component
8.3.3.4.1.1 Japan: Car Audio Market, by Head Unit
8.3.3.4.1.2 Japan: Car Audio Market, by Speaker Unit
8.3.3.4.1.3 Japan: Car Audio Market, by Amplifier
8.3.3.5 South Korea: Car Audio Market - Revenue and Forecast to 2027 (US$ Million)
8.3.3.5.1 South Korea: Car Audio Market, by Component
8.3.3.5.1.1 South Korea: Car Audio Market, by Head Unit
8.3.3.5.1.2 South Korea: Car Audio Market, by Speaker Unit
8.3.3.5.1.3 South Korea: Car Audio Market, by Amplifier
8.3.3.6 Rest of Asia-Pacific: Car Audio Market - Revenue and Forecast to 2027 (US$ Million)
8.3.3.6.1 Rest of Asia-Pacific: Car Audio Market, by Component
8.3.3.6.1.1 Rest of Asia-Pacific: Car Audio Market, by Head Unit
8.3.3.6.1.2 Rest of Asia-Pacific: Car Audio Market, by Speaker Unit
8.3.3.6.1.3 Rest of Asia-Pacific: Car Audio Market, by Amplifier
8.4 MEA: Car Audio Market
8.4.1 MEA: Car Audio Market - Revenue and Forecast to 2027 (US$ Million)
8.4.2 MEA: Car Audio Market, by Component
8.4.2.1 MEA: Car Audio Market, by Head Unit
8.4.2.2 MEA: Car Audio Market, by Speaker Unit
8.4.2.3 MEA: Car Audio Market, by Amplifier
8.4.3 MEA: Car Audio Market, by Key Country
8.4.3.1 South Africa: Car Audio Market - Revenue and Forecast to 2027 (US$ Million)
8.4.3.1.1 South Africa: Car Audio Market, by Component
8.4.3.1.1.1 South Africa: Car Audio Market, by Head Unit
8.4.3.1.1.2 South Africa: Car Audio Market, by Speaker Unit
8.4.3.1.1.3 South Africa: Car Audio Market, by Amplifier
8.4.3.2 Rest of MEA: Car Audio Market - Revenue and Forecast to 2027 (US$ Million)
8.4.3.2.1 Rest of MEA: Car Audio Market, by Component
8.4.3.2.1.1 Rest of MEA: Car Audio Market, by Head Unit
8.4.3.2.1.2 Rest of MEA: Car Audio Market, by Speaker Unit
8.4.3.2.1.3 Rest of MEA: Car Audio Market, by Amplifier
8.5 SAM: Car Audio Market
8.5.1 SAM: Car Audio Market - Revenue and Forecast to 2027 (US$ Million)
8.5.2 SAM: Car Audio Market, by Component
8.5.2.1 SAM: Car Audio Market, by Head Unit
8.5.2.2 SAM: Car Audio Market, by Speaker Unit
8.5.2.3 SAM: Car Audio Market, by Amplifier
8.5.3 SAM: Car Audio Market, by Key Country
8.5.3.1 Brazil: Car Audio Market - Revenue and Forecast to 2027 (US$ Million)
8.5.3.1.1 Brazil: Car Audio Market, by Component
8.5.3.1.1.1 Brazil: Car Audio Market, by Head Unit
8.5.3.1.1.2 Brazil: Car Audio Market, by Speaker Unit
8.5.3.1.1.3 Brazil: Car Audio Market, by Amplifier
8.5.3.2 Argentina: Car Audio Market - Revenue and Forecast to 2027 (US$ Million)
8.5.3.2.1 Argentina: Car Audio Market, by Component
8.5.3.2.1.1 Argentina: Car Audio Market, by Head Unit
8.5.3.2.1.2 Argentina: Car Audio Market, by Speaker Unit
8.5.3.2.1.3 Argentina: Car Audio Market, by Amplifier

9. Company Profiles
9.1 Alpine Electronics, Inc.
9.1.1 Key Facts
9.1.2 Business Description
9.1.3 Products and Services
9.1.4 Financial Overview
9.1.5 SWOT Analysis
9.1.6 Key Developments
9.2 Continental AG
9.2.1 Key Facts
9.2.2 Business Description
9.2.3 Products and Services
9.2.4 Financial Overview
9.2.5 SWOT Analysis
9.2.6 Key Developments
9.3 Clarion Co., Ltd.
9.3.1 Key Facts
9.3.2 Business Description
9.3.3 Products and Services
9.3.4 Financial Overview
9.3.5 SWOT Analysis
9.3.6 Key Developments
9.4 Harman International
9.4.1 Key Facts
9.4.2 Business Description
9.4.3 Products and Services
9.4.4 Financial Overview
9.4.5 SWOT Analysis
9.4.6 Key Developments
9.5 Panasonic Corporation
9.5.1 Key Facts
9.5.2 Business Description
9.5.3 Products and Services
9.5.4 Financial Overview
9.5.5 SWOT Analysis
9.5.6 Key Developments
9.6 Pioneer Corporation
9.6.1 Key Facts
9.6.2 Business Description
9.6.3 Products and Services
9.6.4 Financial Overview
9.6.5 SWOT Analysis
9.6.6 Key Developments
9.7 Sony Corporation
9.7.1 Key Facts
9.7.2 Business Description
9.7.3 Products and Services
9.7.4 Financial Overview
9.7.5 SWOT Analysis
9.7.6 Key Developments
9.8 Visteon Corporation
9.8.1 Key Facts
9.8.2 Business Description
9.8.3 Products and Services
9.8.4 Financial Overview
9.8.5 SWOT Analysis
9.8.6 Key Developments
9.9 Hyundai Mobis
9.9.1 Key Facts
9.9.2 Business Description
9.9.3 Products and Services
9.9.4 Financial Overview
9.9.5 SWOT Analysis
9.9.6 Key Developments
9.10 Denso Ten
9.10.1 Key Facts
9.10.2 Business Description
9.10.3 Products and Services
9.10.4 Financial Overview
9.10.5 SWOT Analysis

10. Appendix
10.1 About the Publisher
10.2 Glossary
Note: Product cover images may vary from those shown
3 of 3
  • Alpine Electronics, Inc.
  • Continental AG
  • Clarion Co., Ltd.
  • Harman International
  • Panasonic Corporation
  • Pioneer Corporation
  • Sony Corporation
  • Visteon Corporation
  • Hyundai Mobis
  • Denso Ten
Note: Product cover images may vary from those shown
Adroll
adroll