Market Overview:
The global marine audio stereos 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 luxury boats and yachts, and the growing popularity of marine audio stereos among consumers. The global marine audio stereos market can be segmented on the basis of type into FM audio players, CD audio players, AM audio players, and others. The CD player segment is expected to hold the largest share of the global marine stereo market during the forecast period owing to its high sound quality and durability. On the basis of application, sailboats are expected to account for a major share of this market due their increasing popularity among consumers worldwide.
Product Definition:
marine audio stereos are designed to withstand the elements and provide clear sound quality for boats and other watercraft. They are often waterproof and include features like Bluetooth connectivity, weatherproofing, and noise cancellation. Marine audio stereos are important for keeping people entertained while on the water.
FM Audio Players:
FM audio players are compact, lightweight devices that play music stored on a removable flash memory card. They can be installed in the dashboard of marine vehicles and used to provide entertainment as well as news while driving. The device is capable of playing music through car speakers or headphones. It also has an auxiliary input for connecting external MP3 players or CDs with equalizer settings and different sound effects.
CD Audio Players:
CD audio players are compact in size and can be easily installed in marine stereos. They have the ability to play CD, MP3, WMA or WAV files which are used for playing audio tracks. The device has a built-in amplifier that increases the sound volume with more clarity and less noise. It also has an advanced digital decoder that converts analog signals into digital signals so that it can be played on any standard stereo system.
Application Insights:
The others application segment accounted for the largest revenue share in 2017 and is anticipated to witness significant growth over the forecast period. The other applications include commercial ships, patrol boats, fishing vessels and leisure boats. Marine audio stereos are widely used in these types of vessels as they provide good quality sound experience to passengers.
In addition, marine audio players can be connected with Bluetooth technology which helps users listen to music or hear calls while operating a vessel or when walking around on deck wearing headphones. Moreover, these players support MP3/WMA formats which enable easy listening through headphones or speakers while onboard a yacht or a ship without taking any memory card along with them. This factor is expected to drive demand over the forecast period as marineaudioplayers offer enhanced connectivity features compared with AM earbuds and other similar products available in the market today (i)rrespective of their price tags).
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to continue its dominance over the forecast period owing to increasing sales of recreational and marine vessels. Furthermore, rising disposable income among people living in developing countries such as China and India has led to an increase in demand for high-end marine audio stereos. Europe also held a significant share of global revenue due to growing sales of recreational boats across countries such as France, Italy, Germany, U.K.
North America is expected to grow at a lucrative rate over the forecast period owing to increasing adoption of advanced technologies coupled with growing popularity for boating activities across U.S., Canada, Mexico among other Central & South American countries Latin America is anticipated witness substantial growth during the forecast years due both internal dynamics (economic development) external factors (popularity for boating activities).
Growth Factors:
- Increasing demand for luxury and recreational boats
- Growing popularity of marine audio stereos among boat enthusiasts
- Rising disposable income of consumers in developing countries
- Technological advancements in marine audio stereos industry
- Growing trend of customization and personalization in the boating industry
Scope Of The Report
Report Attributes
Report Details
Report Title
Marine Audio Stereos Market Research Report
By Type
FM Audio Players, CD Audio Players, AM Audio Players, Others
By Application
Sailboats, Yachts, Others
By Companies
Poly-Planar, GME Electrophones, Fusion Electronics, Sportnav, Sony, Bossaudio, JL Audio, Aquatic, Kenwood, Simrad Yachting, Raymarine, Lowrance
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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Marine Audio Stereos Market Report Segments:
The global Marine Audio Stereos market is segmented on the basis of:
Types
FM Audio Players, CD Audio Players, AM Audio Players, 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
Sailboats, Yachts, Others
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:
- Poly-Planar
- GME Electrophones
- Fusion Electronics
- Sportnav
- Sony
- Bossaudio
- JL Audio
- Aquatic
- Kenwood
- Simrad Yachting
- Raymarine
- Lowrance
Highlights of The Marine Audio Stereos 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:
- FM Audio Players
- CD Audio Players
- AM Audio Players
- Others
- By Application:
- Sailboats
- Yachts
- Others
- 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 Audio Stereos 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 Audio Stereos is a company that specializes in selling and installing marine audio systems. They offer a wide variety of products, including stereo speakers, subwoofers, amplifiers, and more. They also offer installation services for those who need it.
Some of the major companies in the marine audio stereos market are Poly-Planar, GME Electrophones, Fusion Electronics, Sportnav, Sony, Bossaudio, JL Audio, Aquatic, Kenwood, Simrad Yachting, Raymarine, Lowrance.
The marine audio stereos market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Marine Audio Stereos Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Marine Audio Stereos Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Marine Audio Stereos Market - Supply Chain
4.5. Global Marine Audio Stereos Market Forecast
4.5.1. Marine Audio Stereos Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Marine Audio Stereos Market Size (000 Units) and Y-o-Y Growth
4.5.3. Marine Audio Stereos Market Absolute $ Opportunity
5. Global Marine Audio Stereos Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Marine Audio Stereos Market Size and Volume Forecast by Type
5.3.1. FM Audio Players
5.3.2. CD Audio Players
5.3.3. AM Audio Players
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Marine Audio Stereos Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Marine Audio Stereos Market Size and Volume Forecast by Application
6.3.1. Sailboats
6.3.2. Yachts
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Marine Audio Stereos Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Marine Audio Stereos Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Marine Audio Stereos Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Marine Audio Stereos Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Marine Audio Stereos Demand Share Forecast, 2019-2026
9. North America Marine Audio Stereos Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Marine Audio Stereos Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Marine Audio Stereos Market Size and Volume Forecast by Application
9.4.1. Sailboats
9.4.2. Yachts
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Marine Audio Stereos Market Size and Volume Forecast by Type
9.7.1. FM Audio Players
9.7.2. CD Audio Players
9.7.3. AM Audio Players
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Marine Audio Stereos Demand Share Forecast, 2019-2026
10. Latin America Marine Audio Stereos Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Marine Audio Stereos Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Marine Audio Stereos Market Size and Volume Forecast by Application
10.4.1. Sailboats
10.4.2. Yachts
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Marine Audio Stereos Market Size and Volume Forecast by Type
10.7.1. FM Audio Players
10.7.2. CD Audio Players
10.7.3. AM Audio Players
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Marine Audio Stereos Demand Share Forecast, 2019-2026
11. Europe Marine Audio Stereos Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Marine Audio Stereos Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Marine Audio Stereos Market Size and Volume Forecast by Application
11.4.1. Sailboats
11.4.2. Yachts
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Marine Audio Stereos Market Size and Volume Forecast by Type
11.7.1. FM Audio Players
11.7.2. CD Audio Players
11.7.3. AM Audio Players
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
1.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Marine Audio Stereos Demand Share, 2019-2026
12. Asia Pacific Marine Audio Stereos Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Marine Audio Stereos Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Marine Audio Stereos Market Size and Volume Forecast by Application
12.4.1. Sailboats
12.4.2. Yachts
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Marine Audio Stereos Market Size and Volume Forecast by Type
12.7.1. FM Audio Players
12.7.2. CD Audio Players
12.7.3. AM Audio Players
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Marine Audio Stereos Demand Share, 2019-2026
13. Middle East & Africa Marine Audio Stereos Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Marine Audio Stereos Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Marine Audio Stereos Market Size and Volume Forecast by Application
13.4.1. Sailboats
13.4.2. Yachts
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Marine Audio Stereos Market Size and Volume Forecast by Type
13.7.1. FM Audio Players
13.7.2. CD Audio Players
13.7.3. AM Audio Players
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Marine Audio Stereos Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Marine Audio Stereos Market: Market Share Analysis
14.2. Marine Audio Stereos Distributors and Customers
14.3. Marine Audio Stereos Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Poly-Planar
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. GME Electrophones
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Fusion Electronics
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Sportnav
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Sony
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Bossaudio
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. JL Audio
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Aquatic
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Kenwood
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Simrad Yachting
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Raymarine
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Lowrance
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
