Automotive Speaker Market: Introduction According to the report, the global automotive speaker market is projected to surpass US$ 9.6 Bn by 2030, expanding at a CAGR of ~4% during the forecast period. Rise in integration of navigation system and use of electronic components in vehicles, and growing integration of mobile and multimedia devices are likely to fuel the demand for speakers during the forecast period. The increase in demand for premium and luxury vehicles that are fitted with good audio systems is likely to fuel theutomotive speaker market across the globe. The surge in adoption of autonomous vehicles and ADAS features in vehicles is anticipated to boost the automotive speaker market across the globe. For instance, after a global slowdown in the automobile industry, several governments have reduced taxes on automobiles to encourage sale of vehicles. Safety features and comfort features in vehicles with good audio systems are boosting sale of automotive speakers, which, in turn, is likely to propel the automotive speaker market across the globe Get sample copy of at: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=62499 Expansion of Automotive Speaker Market The surge in trade volume, owing to rising bilateral trade among countries is projected to boost the automotive speaker market during the forecast period. China witnessed an increase in both general trade volume and proportion escalating to 15.66 trillion Yuan. China trade volume accounted for 56.4% of total foreign trade. Major trading partners of China are the U.S., the European Union, and ASEAN. Based on vehicle type, the global automotive speaker market has been segmented into passenger vehicle and commercial vehicle. Passenger vehicle is likely to be a highly lucrative segment during the forecast period. This is primarily due to the rise in the production of passenger vehicles across the globe. Rise in integration of electronic systems in vehicles is likely to boost the automotive speaker market across the globe. High rate of adoption of advance features and technologies in passenger vehicles as compared to that in commercial vehicles can be attributed to a significant share held by the passenger vehicle segment in the global automotive speaker market. In terms of position, the dashboard segment account for a significant share of the global automotive speaker market. Speakers are easy to install in the dashboard as compared to that in other positions. Speakers installed in dashboards provide good sound quality. This is likely to propel the automotive speaker market across the globe. Major Players in Automotive Speaker Market Prominent players operating in the global automotive speaker market include Alpine Electronics Inc., Bose Corporation, Harman International, Pioneer Corporation, Altec Lansing, SK Telecom, Sony, Lear Corporation, Metra Electronics, Sanyo, Dynaudio, and Boston Audio. Global Automotive Speaker Market: Segmentation Automotive Speaker Market , by Vehicle Type
Passenger Vehicle
Hatchback o
Sedan
o
Utility Vehicle
Commercial Vehicle
Automotive Speaker Market , by Position
Door
Dashboard
Others
Automotive Speaker Market , by Speaker Type
Subwoofer
Midbass
Midrange
Tweeter
Automotive Speaker Market, by Application
Voice Assistance o
Alexa
o
Google Assistant
o
Siri
Entertainment
Warnings & Alerts
Guidance & Navigation
Automatic Pedestrian Alert System
Others
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