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APAC Automotive Speaker Market size to cross $3 Bn by 2027

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APAC Automotive Speaker Market size is poised to reach USD 3 billion by 2027, according to a latest forecast report by Graphical Research.

The market growth is due to the presence of several electronic component manufacturers, primarily in China, Japan, South Korea, and India. The availability of affordable labor and low-cost raw materials is attracting global manufacturers to set up their production facilities in the region. The region is experiencing economic growth, leading to rising disposable incomes and increased spending on leisure products including personal & vehicle audio electronics.

Prominent companies operating in the market are focusing on enhancing their aftermarket distribution channels to capture a high revenue share in Asia Pacific. For instance, in November 2018, Pioneer Corporation appointed over 25 new distributors for the sales and distribution of its authorized car audio products in 9 Indian states. The price-sensitive nature of consumers in Asia Pacific is responsible for the growing aftermarket sales of automotive audio speakers in the region.

Browse detailed statistical insights from the report, “Asia Pacific Automotive Speaker Market Forecast 2027 By Type (2-Way Speaker [Component, Coaxial], 3-Way Speaker [Component, Coaxial], 4-Way Speaker), 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 Sales Channel (OEM, Aftermarket), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @

https://www.graphicalresearch.com/industry-insights/2039/asia-pacific-automotive-speaker-market

The COVID-19 pandemic severely affected the Asia Pacific automobile industry. Restrictions on trade activities resulted in delayed product deliveries and shortage of raw materials & finished products, affecting the market revenue. Sales and distribution facilities in Asian countries faced significant challenges owing to government restrictions on operating hours. The market size is owing to the increased focus of government & industrial buyers on mitigating the losses occurring due to the pandemic.

The 3-way component speakers are increasingly being installed in premium passenger cars to produce high-quality sound. The 3-way component speaker system is made-up of a separately mounted woofer, tweeter, and a mid-range. Leading industry players including JBL, Sony, and Pioneer are introducing advanced 3-way component speaker systems to cater to the growing market demand. For instance, in January 2018, Sony launched its new 3-way component speaker system, XS-GS1631C. The system designed by Sony features Mica Reinforced Cellular (MRC) Aramid Fiber Matrix cone diaphragms. The XS-GS1631C is designed with 3"1/2 mid-range drivers along with a neodymium magnet for easy installation and enhanced sound response.

The APAC automotive speaker market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2016 to 2027 for the following segments:

Asia Pacific Market, By Type

  • 2-Way Speaker
    • Component
    • Coaxial
  • 3-Way Speaker
    • Component
    • Coaxial
  • 4-Way Speaker

Asia Pacific Market, 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

Asia Pacific Market, By Sales Channel

  • OEM
  • Aftermarket

The above information has been provided for the following countries:

  • Asia Pacific 
    • China
    • India
    • Japan
    • South Korea