Published Date: 2022-01-13
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North American Automotive Speaker Market size is anticipated to cross USD 1.5 billion by 2027, according to a latest forecast report by Graphical Research.
Changes in consumer lifestyles and inclination toward purchasing luxury cars are propel the market demand. Several industry players, such as Bose Corporation, Harman Industries, and Dirac Research, are collaborating with luxury automobile manufacturers to provide advanced automotive speakers. For instance, in June 2018, Harman Industries, Dirac Research, and Volvo announced a strategic collaboration to equip Volvo V60 & VolvoXC40 with Harman’s innovative Sonic Signature solution. This technology ensures optimized acoustic placement of speakers for an enhanced sound experience in the car.
The increasing adoption of in-vehicle infotainment systems in passenger & commercial vehicles will drive the market growth. Moreover, the increasing adoption of passenger cars and commercial vehicles with advanced speakers will augment the market growth. According to the Organisation Internationale des Constructeurs d'Automobiles (OICA), in 2019, around 17.4 million commercial vehicles and passenger cars were sold in the U.S.
Browse detailed statistical insights from the report, “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” along with the table of contents (ToC) @
https://www.graphicalresearch.com/industry-insights/2041/north-america-automotive-speaker-market
The North America automotive speaker industry witnessed a slow growth in 2020. Factors contributing to this inactive growth include a rapid rise in unemployment and a reduction of consumer disposable income. With the growing impact of the pandemic, consumers have shifted their focus toward purchasing essential goods in the region. Sales of medical supplies, such as N-95 masks and hand sanitizers, witnessed unprecedented growth in the region. This hampered the purchase of high-cost products, such as passenger cars, in 2020.
The 3-way automotive speaker segment is set to grow at a significant CAGR during the forecast period. 3-way speakers are gaining popularity in the industry owing to high volume and clear sound reproducing capabilities. 3-way speakers offer a mid-range driver woofer, a woofer, and a separate tweeter for improved control over audio frequencies. These features also assist in enhancing the surround sound experience and building a cohesive in-vehicle audio environment.
The automotive speaker in North American 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:
North America Market, By Type
North America Market, By Vehicle Type
North America Market, By Sales Channel
The above information has been provided for the following countries:
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