Market Overview:
The global automobile audio market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for passenger vehicles and commercial vehicles, and the rising trend of in-vehicle infotainment. The market is segmented by type, application, and region. By type, the market is segmented into AM radio, VCD player, DVD player, and others (including MP3 players and USB ports). The passenger vehicle segment accounts for a majority share of the global automobile audio market in terms of revenue. However, with an increasing demand for commercial vehicles across regions such as North America and Europe due to urbanization & industrialization activities; this segment is projected to grow at a higher CAGR during the forecast period from 2018 to 2030.
Product Definition:
An automobile audio system is a sound system installed in an automobile. It consists of components such as a radio, an amplifier, a subwoofer, and loudspeakers.
AM Radio:
AM radio is a type of broadcast radio with AM being the frequency band. It is one of the most popular forms of commercial broadcasting and has been around for almost 100 years. The growth factor in automobile audio market is that it caters to both business and personal use, unlike satellite or internet radios which are catered only to business use.
VCD:
VCD (Video CD) is a video format that can store more than 4 hours of video on a compact disc. It was initially developed for use in the automotive sector, where it's ability to offer high-quality sound and video quality was crucial. VCDs are also used by other industries such as education, home videos, and business videos.
Application Insights:
The passenger vehicles segment dominated the global automotive audio market in 2017 and is expected to maintain its lead over the forecast period. The growing demand for advanced features such as navigation, Bluetooth connectivity, music player and smartphone integration in passenger cars is boosting the sales of multimedia systems. Moreover, introduction of noise cancellation technology in premium-quality cars will drive demand further.
Commercial vehicles are also expected to witness significant growth over the forecast period owing to increasing investments by companies such as Daimler AG; Volvo AB; International Business Machines Corporation; Ford Motor Company; and General Motors Company among others for developing state-of-the-art entertainment systems for their commercial vehicle customers around the world. For instance, Daimler has introduced an entertainment system named Mercedes me that enables users to watch movies, listen to music through speakers or headphones while driving without looking away from the road ahead. Such initiatives by major players are anticipated to boost industry growth across various regions over next few years.
Regional Analysis:
Asia Pacific is expected to emerge as the fastest-growing region over the forecast period. The growth can be attributed to increasing disposable income, rising vehicle production and sales, and improving road infrastructure in emerging economies of China, India, Indonesia among others. Europe accounted for a significant share in terms of both volume and revenue owing to high demand from luxury car manufacturers such as AUDI AG (Germany), BMW AG (Germany), Mercedes-Benz AMG GmbH (Germany) among others. However, low consumer interest towards audio systems in cars due to lack of space may hinder market growth over the next eight years.
North America held a substantial share owing to growing preference for advanced automotive technologies coupled with stringent safety norms laid down by regulatory bodies such as NHTSA & EPA are anticipated boost industry growth over the forecast period.
Growth Factors:
- Increasing demand for premium cars
- Rising disposable income of consumers
- Technological advancements in automobile audio systems
- Growing trend of customization in automobiles
- Proliferation of online car audio stores
Scope Of The Report
Report Attributes
Report Details
Report Title
Automobile Audio Market Research Report
By Type
AM Radio, VCD, DVD, Others
By Application
Passenger Vehicles, Commercial Vehicles
By Companies
Panasonic, Continental, Fujitsu Ten, Harman, Clarion, Hyundai MOBIS, Visteon, Pioneer, Blaupunkt, Delphi, Panasonic, Alpine, Garmin, Denso, Sony, Foryou, Desay SV Automotive, Hangsheng Electronic, E-LEAD Electronic, JL Audio, Burmester, Focal, Dynaudio, Bower & Wilkins
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
174
Number of Tables & Figures
122
Customization Available
Yes, the report can be customized as per your need.
Global Automobile Audio Market Report Segments:
The global Automobile Audio market is segmented on the basis of:
Types
AM Radio, VCD, DVD, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Vehicles, Commercial Vehicles
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Panasonic
- Continental
- Fujitsu Ten
- Harman
- Clarion
- Hyundai MOBIS
- Visteon
- Pioneer
- Blaupunkt
- Delphi
- Panasonic
- Alpine
- Garmin
- Denso
- Sony
- Foryou
- Desay SV Automotive
- Hangsheng Electronic
- E-LEAD Electronic
- JL Audio
- Burmester
- Focal
- Dynaudio
- Bower & Wilkins
Highlights of The Automobile Audio Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- AM Radio
- VCD
- DVD
- Others
- By Application:
- Passenger Vehicles
- Commercial Vehicles
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automobile Audio Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Automobile audio is the installation, maintenance and repair of car audio systems.
Some of the key players operating in the automobile audio market are Panasonic, Continental, Fujitsu Ten, Harman, Clarion, Hyundai MOBIS, Visteon, Pioneer, Blaupunkt, Delphi, Panasonic, Alpine, Garmin, Denso, Sony, Foryou, Desay SV Automotive, Hangsheng Electronic, E-LEAD Electronic, JL Audio, Burmester, Focal, Dynaudio, Bower & Wilkins.
The automobile audio market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automobile Audio Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Automobile Audio Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automobile Audio Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Automobile Audio Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Automobile Audio Market Size & Forecast, 2020-2028
4.5.1 Automobile Audio Market Size and Y-o-Y Growth
4.5.2 Automobile Audio Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 AM Radio
5.2.2 VCD
5.2.3 DVD
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Passenger Vehicles
6.2.2 Commercial Vehicles
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automobile Audio Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automobile Audio Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 AM Radio
9.6.2 VCD
9.6.3 DVD
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Passenger Vehicles
9.10.2 Commercial Vehicles
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 AM Radio
10.6.2 VCD
10.6.3 DVD
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Passenger Vehicles
10.10.2 Commercial Vehicles
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 AM Radio
11.6.2 VCD
11.6.3 DVD
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Passenger Vehicles
11.10.2 Commercial Vehicles
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 AM Radio
12.6.2 VCD
12.6.3 DVD
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Passenger Vehicles
12.10.2 Commercial Vehicles
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 AM Radio
13.6.2 VCD
13.6.3 DVD
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Passenger Vehicles
13.10.2 Commercial Vehicles
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automobile Audio Market: Competitive Dashboard
14.2 Global Automobile Audio Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Panasonic
14.3.2 Continental
14.3.3 Fujitsu Ten
14.3.4 Harman
14.3.5 Clarion
14.3.6 Hyundai MOBIS
14.3.7 Visteon
14.3.8 Pioneer
14.3.9 Blaupunkt
14.3.10 Delphi
14.3.11 Panasonic
14.3.12 Alpine
14.3.13 Garmin
14.3.14 Denso
14.3.15 Sony
14.3.16 Foryou
14.3.17 Desay SV Automotive
14.3.18 Hangsheng Electronic
14.3.19 E-LEAD Electronic
14.3.20 JL Audio
14.3.21 Burmester
14.3.22 Focal
14.3.23 Dynaudio
14.3.24 Bower & Wilkins
