(MENAFNEditorial) iCrowdNewswire - Dec 15, 2017
MarketResearchNest.com adds 'Global Automotive Audio Speakers Market 2017-2021 new report to its research database. The report spread across 73 pages with table and figures in it.
Research analysts forecast the global automotive audio speakers market to grow at a CAGR of 3.61% during the period 2017-2021.
About Automotive Audio Speakers
The audio system installed in the vehicle delivers the high-performance sound experience and provide entertainment and information for the occupants using a number of speakers, woofers, and other components. Earlier, the infotainment system used in the cars were limited to radios and CD players. Since then, a lot of developments has been made including FM radio, Bluetooth telephone integration, navigation systems, and smartphone controllers like CarPlay and Android Auto. This is driving the demand for the automotive audio speakers.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive audio speakers market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
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The market is divided into the following segments based on geography:
Technavio's report, Global Automotive Audio Speakers Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio recognizes the following companies as the key players in the global automotive audio speakers market: Alpine Electronics, Bose, HARMAN International, JVCKENWOOD Corporation, and Pioneer Corporation.
Other Prominent Vendors in the market are: Blaupunkt, Boston Acoustics, Bowers & Wilkins, Clarion, McIntosh Laboratory, Meridian Audio, Panasonic, and SONY.
Commenting on the report, an analyst from Research team said: 'One trend in the market is integrated speakers in driver seat headrest. The leading players in the automotive audio speakers market are continuously working on enhancing the performance of their audio systems. The enhancements are visible in the form of increased wattage output, more number of speakers, integrated tweeters, and power sound amplifiers. Speaker placement in the vehicle plays a very important role in delivering improved audio system performance.
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According to the report, one driver in the market is lower cost of aftermarket automotive audio speakers. OEMs do not provide audio speakers in the lower variant of the mass-selling vehicles. In addition, OEMs refrain from providing the audio speakers in the low-priced commercial vehicle to lower the manufacturing cost. For instance, in APAC, more than 25% of the new passenger cars registered in 2016 were not equipped with OEM fitted speaker. As a result, such vehicle uses aftermarket speakers. Moreover, significant demand arises from the vehicles going for the replacement of the OEM fitted speakers with the aftermarket to enhance the sound quality of the audio system.
Further, the report states that one challenge in the market is design complexity and high cost of the advanced automotive audio systems. The design complexity and high cost of premium audio systems are the major challenges for the market growth. High costs of the advanced audio system refrain OEMs from reducing their vehicle prices. As a result, vehicle manufacturers have to either keep their profit margins low or shift their additional cost pressure onto consumers. However, in the current competitive market, consumers look for products that offer maximum value for money and thus has become difficult for the vehicle manufacturers to shift the cost pressure onto their customers.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key questions answered in this report: What will the market size be in 2021 and what will the growth rate be; What are the key market trends; What is driving this market; What are the challenges to market growth; Who are the key vendors in this market space; What are the market opportunities and threats faced by the key vendors; What are the strengths and weaknesses of the key vendors;
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Contact
Mr. Jeet Jain
Sales Manager
+1-240-284-8070(U.S)
+44-20-3290-4151(U.K)
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