×
Industry Reports Services Press Release
  •   Blogs
  • Contact us About us

    North America Automotive Speaker Market Forecast 2027 By Vehicle Type (Passenger Car [2-Way Speaker, 3-Way Speaker, 4-Way Speaker], Commercial Vehicle [2-Way Speaker, 3-Way Speaker, 4-Way Speaker]), By Type (2-Way Speaker [Component, Coaxial], 3-Way Speaker [Component, Coaxial], 4-Way Speaker), By Sales Channel (OEM, Aftermarket), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share
    Published Date: January 2022   |   Report ID: GR2041   |   Delivery: PDF  Request Free Sample

    North America Automotive Speaker Market size surpassed USD 1 billion in 2020 and is predicted to witness 6.5% CAGR from 2021 to 2027.

    North America Automotive Speaker Market Size, By Region

    Get more details on this report - Request Free Sample PDF

    Growing consumer disposable incomes in North America are supporting the high demand for luxury vehicles in the region. According to a report by the U.S. Bureau of Economic Analysis, the average consumer disposable income of an American citizen rose by 0.6% in December 2020 compared to November 2020. The growing demand for luxury vehicles will boost the adoption of advanced automotive speakers in the region.

    Advancements in Automatic Driver-Assistance Systems (ADAS) technology are providing new opportunities for the development of technology-integrated automotive speakers. The upward trend of connected cars and vehicle-to-vehicle communication is encouraging technology companies to engage in the development of new ADAS systems. In February 2019, Harman International introduced an enhanced suite of sensing technologies that assist automakers to equip vehicles with ADAS systems. The increasing importance of connected safety equipment in vehicles will support the integration of advanced speakers into automotive models.

    North America Market, By Type

    The 2-way automotive speaker market in North America will show tremendous growth during the forecast period, owing to the low cost of purchase and flexible installation capabilities. Two-way component & coaxial speakers include separate tweeter and woofer to efficiently divide high & low frequencies in vehicle speakers. 2-way speakers allow users to control the frequency range for enhanced sound clarity.

    North America Automotive Speaker Market, By Vehicle Type

    Automotive speakers in passenger car segment is anticipated to grow exponentially through 2027 due to the rising demand for onboard infotainment systems in private cars. Technological developments and changes in passenger vehicles, such as enhanced safety features with ADAS, are supporting the demand for automotive speakers. There is also a rise in the demand for high-quality infotainment systems connected with smartphones via Bluetooth and Wi-Fi technologies. Smart and connected speakers enable passengers to effortlessly shuffle through music playlists and watch videos while traveling. Additionally, the increasing adoption of automotive speakers in lower vehicle segments will propel the market growth.

    Competitive Industry Landscape

    Prominent players in the North America automotive speaker market include Sony Corporation, Pioneer Corporation, Clarion Co., Ltd., Panasonic Corporation, Kenwood Corporation, Alpine Electronics, Inc., Continental Aktiengesellschaft (AG), Bose Corporation, and Harman International Industries, Inc.

    Companies are adopting several strategies, such as new product launches, partnerships & acquisitions, to enhance their market representation. For instance, in June 2019, Bose partnered with Kia Motors to integrate the new Kia Seltos with its advanced speaker. The Bose speaker aboard Kia Seltos is equipped with eight high-power output speakers and a dynamic speed compensation technology with connectivity to multiple devices.


    Frequently Asked Question(FAQ) :

    What is the automotive speaker market size worth in North America?
    The industry share for automotive speaker in North America had crossed USD 1 billion in 2020 and is anticipated to strike a 6.5% CAGR through 2027 owing to the hiking consumer disposable incomes and surging demand for luxury vehicles in the region.
    Why are 2-way automotive speakers used?
    2-way automotive speakers, which are expected to record a significant revenue share in North America are mainly used on account of their lower cost of purchase and flexible installation capabilities.
    Why is the demand for automotive speakers growing from passenger cars in North America?
    The regional market share from passenger cars is anticipated to record a considerable remuneration through 2027 given the increasing demand for onboard infotainment systems in private cars.
    Which are the key players in the North America automotive speaker industry?
    Sony Corporation, Pioneer Corporation, Panasonic Corporation, Kenwood Corporation, Alpine Electronics, Inc., Bose Corporation, and Harman International Industries, Inc. are some of the major automotive speaker suppliers in the region.

    Get this research report on North America Automotive Speaker Market customized according to your business requirements.

    report-purchase - logo Buy Now

    Why Choose us?

    • on-time delivery On-Time Delivery

      We commit to on-time delivery of reports to keep you ahead.

    • assured quality Assured Quility

      With a wide network of industry experts and trained in-house analysts, we assure best service quality.

    • Custom Research Service

      We offer research services to meet specific client requirements and provide them with actionable insights on target markets.

    • payment security Payment Security

      Our safe payment gateway gives you full control of your personal data, at all times.

    Connect with our sales team

      (+1)-208-273-9852

     [email protected]