Global Automobile Audio Market Size, Share and Trends Analysis Report, By Type (Head Unit, Amplifier, Speaker), By Technology (Voice Recognized Audio System, Non-Voice Recognized Audio System), Forecast (2022-2028)

The global automobile audio market is anticipated to grow at aconsiderable CAGR of 4.0% during the forecast period (2022-2028). The driving factors of the global automobile audio market includes the advanced integration of digital content with an enhanced audio and visual navigation system. The demand for car entertainment programs is growing at an alarming rate. Integration of Bluetooth technology, integrated into the automobile audio system allows for easy communication between the user’s phone and the car audio system. The chips and microprocessors used in the audio system provide improved audio quality. The market demand for automotive audio is steadily growing and is expected to grow significantly during the forecast period. However, the cost of installing car audio equipment is very high. The market structure of automotive audio equipment is very complex.

The wireless technology has made a successful installation in all product segments of consumer electronics and the audio technology industry. Seeking better driving experience with advanced voice control assistants such as Siri and Cortana while driving improves the market stereo of a voice-known car system. For instance, in October 2021, Apple Inc. claimed to be developing advanced wireless audio technology that includes a speedometer, a climate control system, a radio, and seats. Therefore, the need for improved audio quality has become a decisive factor among audio consumers worldwide due to wireless switching.

Additionally, smartphones during the year have become the key to our lifestyle and therefore, most of the technology acquired is in line with the growth of smartphones across the globe. Most companies have installed audio systems these days that come with bluetooth and other wireless stereo systems. Many built-in cars allowed drivers to connect with smartphones after connecting audio devices via Bluetooth. Audio streaming via the online radio app on both iPhone and Android devices has become very common, and the product aftermarket gear pushes the envelope in addition. This trend is expected to coincide with the growth of the automobile audio market

In January 2021, Harman expands his strategic partnership with Iptor on technology development and more user-friendly information and Harman design phase in Huemen, based in New York, US. This partnership will be crucial to the development of the upcoming Iptor DC1 v12, as Iptor looks at user interaction and experience at the center of all future development solutions.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Component Type
  • ByTechnology
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape-Alpine Electronics Inc., Harman International, Sony Corp., Bose Corp, and JL Audio, among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Automobile AudioMarket Report by Segment

By Component Type

• Head Unit
• Amplifier
• Speaker

By Technology

• Voice Recognized Audio System
• Non-Voice Recognized Audio System

Global Automobile AudioMarket Report by Region

North America

• United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle East & Africa