Market Overview:
The global marine stereo systems 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 recreational boats and yachts, coupled with the growing awareness about marine audio systems among consumers. In addition, the increasing adoption of advanced technologies in marine stereo systems is also contributing to the growth of this market. On the basis of type, the global marine stereo systems market can be segmented into Marine Stereo Receivers, Marine Remote Controllers, Marine Speakers, Marine Tower Cannisters, Marine Subwoofers and Marine Amplifiers. The receivers segment is expected to account for a major share of this market during the forecast period owing to their high demand among consumers. On-board entertainment has become an important factor while purchasing recreational boats and yachts and receivers play a key role in providing such entertainment options. Based on application, OEM accounted for a major share of this market in 2017 owing to its widespread use across different types of vessels such as commercial ships and passenger ships.
Product Definition:
Marine stereo systems are electronic devices that allow people to listen to music or other audio content while on boats, ships, and other watercraft. They are typically installed in the cabin of a boat, in an area where passengers can gather around them. Marine stereo systems come in a variety of configurations, including single-speaker units that plug into an MP3 player or smartphone and multi-speaker setups with subwoofers that can fill a room with sound. Many also include features like Bluetooth connectivity and waterproofing so they can be used even in wet environments. The importance of marine stereo systems lies in their ability to provide entertainment and comfort for those on board vessels of all sizes.
Marine Stereo Receivers:
Marine stereo receivers are the devices that receive and amplify the sound from a marine radio or music player and play it back through speakers in a boat or ship. They are mainly used in recreational boats, but can also be used in commercial vessels like cruise ships, ferries, coastal defense ships etc.
Marine Remote Controllers:
Marine remote controllers are electronic devices that are used in marine stereo systems to alter the audio volume and switch between channels. They can also be used to turn on/off the music system. The device is installed in a boat, which allows controlling of audio equipment from a distance.
The global marine stereo systems market was valued at USD 2,624 million in 2016.
Application Insights:
OEMs held the largest market share of over 70% in 2017. Marine stereo systems are widely used by OEMs as they offer a complete package for boating enthusiasts, offering features such as waterproof speakers and remote controllers with integrated LCD displays. The integration of these systems into infotainment centers offers an enhanced navigation experience to users. Furthermore, marine tower cannisters are considered to be one of the best investments for boats equipped with a kitchen since it provides extra space along with great sound quality and bass response.
The aftermarket segment is expected to expand at the fastest CAGR during the forecast period owing to growing product demand due to its ability provide enhanced audio experience while on board boats or ships without affecting crew operations or compromising safety standards at all times.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing awareness regarding marine stereo systems and their installation in various types of vessels such as recreational boats, fishing boats, and commercial ships. Increasing disposable income levels in developing countries such as China and India are anticipated to fuel the demand for these products over the next eight years. Furthermore, rising investments by OEMs in R&D activities will also contribute toward product growth in this region. For instance, Alpine Electronics has introduced its new line of marine stereos based on Bluetooth technology under brand name ‘Aura’ that is compatible with Android devices only (no iOS support).
North America accounted for a significant share of revenue owing to high demand from U.S.
Growth Factors:
- Increasing demand for luxury boats and yachts
- Growing popularity of marine audio systems among boat enthusiasts
- Rising disposable income of the middle-class population in developing countries
- Proliferation of online retail platforms that offer discounts on marine stereo systems
- Technological advancements in the design and functionality of marine audio systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Marine Stereo Systems Market Research Report
By Type
Marine Stereo Receivers, Marine Remote Controllers, Marine Speakers, Marine Tower Cannisters, Marine Subwoofers, Marine Amplifiers
By Application
OEM, Aftermarket
By Companies
JVCKENWOOD, Wet Sounds, Harman, Rockford, Sony, JL Audio, Clarion, MTX, ASA Electronics, Pioneer, Kicker, SAS, Fusion, Maxxsonics, BOSS Audio Systems, Poly-Planar
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
162
Number of Tables & Figures
114
Customization Available
Yes, the report can be customized as per your need.
Global Marine Stereo Systems Market Report Segments:
The global Marine Stereo Systems market is segmented on the basis of:
Types
Marine Stereo Receivers, Marine Remote Controllers, Marine Speakers, Marine Tower Cannisters, Marine Subwoofers, Marine Amplifiers
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:
- JVCKENWOOD
- Wet Sounds
- Harman
- Rockford
- Sony
- JL Audio
- Clarion
- MTX
- ASA Electronics
- Pioneer
- Kicker
- SAS
- Fusion
- Maxxsonics
- BOSS Audio Systems
- Poly-Planar
Highlights of The Marine Stereo Systems 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:
- Marine Stereo Receivers
- Marine Remote Controllers
- Marine Speakers
- Marine Tower Cannisters
- Marine Subwoofers
- Marine Amplifiers
- 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 Stereo Systems 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
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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 Stereo Systems is a company that specializes in the manufacturing and selling of stereo systems for boats. Marine Stereo Systems manufactures both marine-grade and recreational-grade stereo systems.
Some of the key players operating in the marine stereo systems market are JVCKENWOOD, Wet Sounds, Harman, Rockford, Sony, JL Audio, Clarion, MTX, ASA Electronics, Pioneer, Kicker, SAS, Fusion, Maxxsonics, BOSS Audio Systems, Poly-Planar.
The marine stereo systems 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 Marine Stereo Systems 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 Stereo Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Marine Stereo Systems 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 Stereo Systems 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 Stereo Systems Market Size & Forecast, 2020-2028
4.5.1 Marine Stereo Systems Market Size and Y-o-Y Growth
4.5.2 Marine Stereo Systems 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 Marine Stereo Receivers
5.2.2 Marine Remote Controllers
5.2.3 Marine Speakers
5.2.4 Marine Tower Cannisters
5.2.5 Marine Subwoofers
5.2.6 Marine Amplifiers
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 Stereo Systems 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 Stereo Systems 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 Marine Stereo Receivers
9.6.2 Marine Remote Controllers
9.6.3 Marine Speakers
9.6.4 Marine Tower Cannisters
9.6.5 Marine Subwoofers
9.6.6 Marine Amplifiers
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 Marine Stereo Receivers
10.6.2 Marine Remote Controllers
10.6.3 Marine Speakers
10.6.4 Marine Tower Cannisters
10.6.5 Marine Subwoofers
10.6.6 Marine Amplifiers
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 Marine Stereo Receivers
11.6.2 Marine Remote Controllers
11.6.3 Marine Speakers
11.6.4 Marine Tower Cannisters
11.6.5 Marine Subwoofers
11.6.6 Marine Amplifiers
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 Marine Stereo Receivers
12.6.2 Marine Remote Controllers
12.6.3 Marine Speakers
12.6.4 Marine Tower Cannisters
12.6.5 Marine Subwoofers
12.6.6 Marine Amplifiers
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 Marine Stereo Receivers
13.6.2 Marine Remote Controllers
13.6.3 Marine Speakers
13.6.4 Marine Tower Cannisters
13.6.5 Marine Subwoofers
13.6.6 Marine Amplifiers
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 Stereo Systems Market: Competitive Dashboard
14.2 Global Marine Stereo Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 JVCKENWOOD
14.3.2 Wet Sounds
14.3.3 Harman
14.3.4 Rockford
14.3.5 Sony
14.3.6 JL Audio
14.3.7 Clarion
14.3.8 MTX
14.3.9 ASA Electronics
14.3.10 Pioneer
14.3.11 Kicker
14.3.12 SAS
14.3.13 Fusion
14.3.14 Maxxsonics
14.3.15 BOSS Audio Systems
14.3.16 Poly-Planar
