Market Overview:
The global marine speaker market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for marine speakers from the OEM and aftermarket segments. Additionally, the growing popularity of recreational boating is also propelling the growth of this market. The global marine speaker market can be segmented on the basis of type into 1-way, 2-way, and 3-way speakers. The 2-way segment is expected to account for a major share of this market in 2018 owing to its superior sound quality as compared to other types of marine speakers. On the basis of application, this market can be divided into OEM and aftermarket segments. The OEM segment is projected to grow at a higher CAGR than that of the aftermarket segment during 2018–2030 owing to rising demand for high quality audio systems in boats from original equipment manufacturers (OEMs).
Product Definition:
A Marine Speaker is a type of loudspeaker that is designed to be used in wet environments. They are typically made from plastic or metal and have a water resistant seal around the speaker driver. This makes them ideal for use in boats, pools, and other outdoor areas where there is a risk of moisture damage.
1-Way:
1-WAY is a marine speaker system that consists of one speakers and one microphone. It can be used in boats, ships, yachts or any other watercraft. The 1-WAY marine speaker system has been designed to provide clear sound reproduction at the minimum volume level required for a typical residential application.
2-Way:
2-way marine speakers are used for playing music and also for announcements in recreational boats, motor yachts, cruise ships and others. They can be connected to an audio system or they can operate directly as a Bluetooth device. The size of the speaker is not very important; it should just fill the space inside your vessel (yacht or boat). It does not have to be waterproofed since it will never get wet while being used on board a vessel.
Application Insights:
The OEM application segment accounted for the largest revenue share of over 60% in 2017. The demand for marine speakers is increasing owing to the rising adoption of these products in recreational boats, fishing vessels and commercial ships among other watercraft. Moreover, manufacturers are focusing on developing innovative products to gain a competitive edge over their counterparts. For instance, Harman International Industries Inc., a manufacturer of audio equipment, has introduced JBL GO+ series that comprises waterproofed marine speakers with IPX7 waterproof rating. These devices can be used even when they are fully submerged under water as they will not get damaged due to moisture or any other liquid exposure.
The aftermarket segment is projected expand at the fastest CAGR from 2018 to 2030 owing to growing consumer awareness regarding product maintenance and repair services along with an increase in product installations post-purchase by consumers across various regions globally including North America.
Regional Analysis:
Asia Pacific dominated the global marine speaker market in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of manufacturers, most notably China and Japan. The growth of OEMs, aftermarket sales as well as retrofits in developing countries such as India is anticipated to boost regional demand for marine speakers over the next eight years.
North America accounted for a significant share of revenue in 2017 owing to growing consumer awareness regarding sound quality and features along with technological advancements pertaining marine audio systems. High disposable income coupled with an increasing preference towards recreational activities such as fishing & boating among U.
Europe was valued at USD X million in 2017 owing to high product penetration by major players along with rising consumer awareness about available options for upgrading existing vessels In addition, stringent regulations laid down by European Union are driving innovation across all segments including automotive.
Growth Factors:
- Increasing demand for marine speakers in the global market due to the rise in disposable income of consumers.
- Growing popularity of boating and other water sports activities, which is resulting in an increase in demand for marine speakers.
- Proliferation of advanced technologies that are making marine speakers more efficient and better sounding, thereby driving their adoption rates across the globe.
- Rising awareness about the benefits of using marine speakers among consumers, which is helping to fuel their demand significantly.
Scope Of The Report
Report Attributes
Report Details
Report Title
Marine Speaker Market Research Report
By Type
1-Way, 2-Way, 3-Way
By Application
OEM, Aftermarket
By Companies
Sony, Wet Sounds, JVCKENWOOD, Harman, Rockford, JL Audio, Clarion, Fusion, MTX, Pioneer, Sony, SAS, Maxxsonics, BOSS Audio Systems, Poly-Planar, JBL
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
140
Number of Tables & Figures
98
Customization Available
Yes, the report can be customized as per your need.
Global Marine Speaker Market Report Segments:
The global Marine Speaker market is segmented on the basis of:
Types
1-Way, 2-Way, 3-Way
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
OEM, Aftermarket
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:
- Sony
- Wet Sounds
- JVCKENWOOD
- Harman
- Rockford
- JL Audio
- Clarion
- Fusion
- MTX
- Pioneer
- Sony
- SAS
- Maxxsonics
- BOSS Audio Systems
- Poly-Planar
- JBL
Highlights of The Marine Speaker 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:
- 1-Way
- 2-Way
- 3-Way
- By Application:
- OEM
- Aftermarket
- 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 Marine Speaker 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?
Marine Speaker is a voice recognition software that allows users to record and playback audio from their computer. It can be used for transcription, dictation, and other purposes.
Some of the major players in the marine speaker market are Sony, Wet Sounds, JVCKENWOOD, Harman, Rockford, JL Audio, Clarion, Fusion, MTX, Pioneer, Sony, SAS, Maxxsonics, BOSS Audio Systems, Poly-Planar, JBL.
The marine speaker market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Marine Speaker 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 Marine Speaker Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Marine Speaker 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 Marine Speaker 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 Marine Speaker Market Size & Forecast, 2020-2028
4.5.1 Marine Speaker Market Size and Y-o-Y Growth
4.5.2 Marine Speaker 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 1-Way
5.2.2 2-Way
5.2.3 3-Way
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 OEM
6.2.2 Aftermarket
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Marine Speaker 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 Marine Speaker 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 1-Way
9.6.2 2-Way
9.6.3 3-Way
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 OEM
9.10.2 Aftermarket
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 1-Way
10.6.2 2-Way
10.6.3 3-Way
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 OEM
10.10.2 Aftermarket
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 1-Way
11.6.2 2-Way
11.6.3 3-Way
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 OEM
11.10.2 Aftermarket
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 1-Way
12.6.2 2-Way
12.6.3 3-Way
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 OEM
12.10.2 Aftermarket
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 1-Way
13.6.2 2-Way
13.6.3 3-Way
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 OEM
13.10.2 Aftermarket
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 Marine Speaker Market: Competitive Dashboard
14.2 Global Marine Speaker Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Sony
14.3.2 Wet Sounds
14.3.3 JVCKENWOOD
14.3.4 Harman
14.3.5 Rockford
14.3.6 JL Audio
14.3.7 Clarion
14.3.8 Fusion
14.3.9 MTX
14.3.10 Pioneer
14.3.11 Sony
14.3.12 SAS
14.3.13 Maxxsonics
14.3.14 BOSS Audio Systems
14.3.15 Poly-Planar
14.3.16 JBL
