Car Audio Market to 2025 - North America and Europe Analysis and Forecast by Component Type (Speaker, Head Unit, Audio Visual, Amplifier, and Others), by Technology (Voice Recognized and Non-Voice Recognized), by Accessibility (Smartphone Controlled and Manual Controlled), and by Make Type (Branded/Premium audio system and Non-branded audio system)
Publication Month: Oct 2017
Report Code: TIPTE100000693 No. of Pages: 166 Category: Automotive and Transportation Status: Published
The Car Audio Market is expected to grow from US$ 4.64 Bn in 2017 to US$ 6.43 Bn by 2025 at a CAGR of 4.2% between 2017 and 2025.
Automotive industry throughout the globe is evolving and adopting advanced technological developments and innovations, along with increased focus on driver’s comfort and safety. The car audio market is also witnessing several developments in the technology such as voice-enabled audio systems and smartphone controlled audio systems. Further, with the development of ADAS and connected cars technology, the car audio market is experiencing a drastic change with companies focusing on their product development to efficiently compete with their rivals.
Exhibit: Car Audio Regional Markets
Market Insights
Voice recognized market in North American region is expected to grow with the highest CAGR
Demand for superior driving experience with advance voice controlled assistants such as Siri and Cortana while driving is fueling the demand for voice recognized car audio system. However, in coming years the voice recognized car audio technology would enable the system to ignore intrusive off-axis suspension or speakers, which would further enable the passengers to communicate simultaneously with the system as well as other passengers without any worry. However, market is still in emerging stage and have comparatively less market size than non-voice recognized audio devices. All these factors are expected to create more demand for voice recognized car audio system and fuel the growth of car audio market. Car audio system manufacturers are looking at voice recognized audio system as the most lucrative feature to add in the car audio system during the forecast period.
Smartphone controlled market expected to blossom at a rapid pace and fuel the growth of car audio market
Smartphones over the year have become a key integral of our lifestyle and therefore, most of the technologies discovered go hand in hand with the growth of smartphone penetration across the globe. Most of the company fitted audio system these days comes with bluetooth and other wireless controlled stereo system. Most vehicles manufactured after 2013 allowed drivers to communicate with smart phones after connecting audio devices via Bluetooth. Streaming audio via internet radio application on both iPhone and Android devices have become very common, and the product aftermarket gear is pushing the envelope beyond that in addition. This trend is expected to complement the growth of car audio market.
Exhibit: Car Audio Market by Make Type
Strategic Insights
Market initiative was observed as the most adopted strategy in global car audio market. Few of the recent strategies by some of the players in car audio market landscape are listed below-
2017: Acura NSX choose Clarion Corporation of America to build its high-end audio systems.
2017: Panasonic was selected by Volkswagen to provide Panasonic’s Fender Premium Audio System in Volkswagen Tiguan SUV.
2017: HARMAN partnered with CANTON, Germany to provide custom-made High-End Audio Solution for ŠKODA Kodiaq.
2017: HARMAN collaborated with Conexant Systems, Inc. to provide high-end comprehensive audio and voice solutions for voice-enabled devices manufacturers.
Global Car Audio- Market Segmentation
By Component- Speaker
- Head Unit (including Audio Visuals)
- Amplifier
- Others
- Voice Recognized
- Non-Voice Recognized
- Smart Phone Controlled
- Manual Controlled
- Branded
- Non-Branded
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- Spain
- U.K
- Alpine Electronics, Inc.
- Clarion Co., Ltd.
- HARMAN International
- JVC Kenwood Corporation
- Panasonic Corporation
- Pioneer Corporation
- Sony Corporation
- Delphi Automotive PLC
- Bose Corporation
- JL Audio Corporation
- Blaupunkt GmbH
Table of Contents
1 Table of Contents 2
1.1 List of Tables 8
1.2 List of Figures 9
2 Introduction 11
2.1 Scope of the Study 11
2.2 The Insight Partners Research Report Guidance 11
3 Key Takeaways 13
4 Car Audio Market Landscape 16
4.1 Market Overview 16
4.2 Market Segmentation 17
4.2.1 Car Audio Market - By Component 18
4.2.2 Car Audio Market - By Technology 19
4.2.3 Car Audio Market - By Accessibility Type 19
4.2.4 Car Audio Market - By Make Type 19
4.2.5 Car Audio Market - By Geography 19
4.3 PEST Analysis 20
4.3.1 North America PEST Analysis 20
4.3.2 Europe PEST Analysis 23
5 Car Audio Market - Key Industry Dynamics 26
5.1 Key Market Drivers 26
5.1.1 Innovation in the automotive industry 26
5.1.2 Rising penetration of smart phones 26
5.1.3 Increasing adoption of branded/Premium car audio systems 26
5.1.4 Burgeoning online car audio aftermarket 27
5.2 Key Market Restraints 28
5.2.1 Longer product development cycle 28
5.2.2 Noise and Power consumptions issues 28
5.3 Key Market Opporunities 29
5.3.1 Smart car audio system 29
5.4 Future Trends 29
5.4.1 Speaker-less Car Audio 29
5.5 Impact Analysis of Drivers and Restraints 30
6 Car Audio Market Analysis - By Component 31
6.1 Overview 31
6.2 Head Unit 32
6.2.1 Overview 32
6.2.2 Head Unit Market Revenue and Forecasts to 2025 (US$ Bn) 32
6.3 Amplifier 34
6.3.1 Overview 34
6.3.2 Amplifier Market Revenue and Forecasts to 2025 (US$ Bn) 34
6.4 Speaker 36
6.4.1 Overview 36
6.4.2 Speaker Market Revenue and Forecasts to 2025 (US$ Bn) 36
6.5 Others 37
6.5.1 Overview 37
6.5.2 Car Audio Others Market Revenue and Forecasts to 2025 (US$ Bn) 37
7 Car Audio Market Analysis - Technology 39
7.1 Overview 39
7.2 Voice Recognized Audio System 40
7.2.1 Overview 40
7.2.2 Voice Recognized Audio System Market Revenue and Forecasts to 2025 (US$ Bn) 40
7.3 Non-Voice Recognized Audio System 41
7.3.1 Overview 41
7.3.2 Non-Voice Recognized Audio System Market Revenue and Forecasts to 2025 (US$ Bn) 42
8 Car Audio Market Analysis - Accessibility 43
8.1 Overview 43
8.2 Smartphone Controlled 44
8.2.1 Overview 44
8.2.2 Smartphone Controlled Market Revenue and Forecasts to 2025 (US$ Bn) 44
8.3 Manual Controlled 46
8.3.1 Overview 46
8.3.2 Manual Controlled Market Revenue and Forecasts to 2025 (US$ Bn) 46
9 Car Audio Market Analysis - Make Type 48
9.1 Overview 48
9.2 Branded Audio System 50
9.2.1 Overview 50
9.2.2 Branded Audio System Market Revenue and Forecasts to 2025 (US$ Bn) 50
9.3 Non-Branded Audio System 52
9.3.1 Overview 52
9.3.2 Non- Branded Audio System Market Revenue and Forecasts to 2025 (US$ Bn) 52
10 Car Audio Market - Geographical Analysis 54
10.1 North America Car Audio Market Revenue and Forecasts to 2025 54
10.1.1 Overview 54
10.1.2 North America Car Audio Market Revenue and Forecasts to 2025 (US$ Mn) 54
10.1.3 North America Car Audio Market Breakdown by Key Countries 57
10.1.3.1 U.S. Car Audio Market Revenue and Forecasts to 2025 (US$ Mn) 59
10.1.3.2 Canada Car Audio Market Revenue and Forecasts to 2025 (US$ Bn) 61
10.1.3.3 Mexico Car Audio Market Revenue and Forecasts to 2025 (US$ Mn) 63
10.1.4 North America Car Audio Market Breakdown by Components 65
10.1.5 North America Car Audio Market Breakdown by Technology 66
10.1.6 North America Car Audio Market Breakdown by Accessibility Type 67
10.1.7 North America Car Audio Market Breakdown by Make Type 68
10.2 Europe Car Audio Market Revenue and Forecasts to 2025 69
10.2.1 Overview 69
10.2.2 Europe Car Audio Market Revenue and Forecasts to 2025 (US$ Mn) 69
10.2.3 Europe Car Audio Market Breakdown by Countries 72
10.2.3.1 France Car Audio Market Revenue and Forecasts to 2025 (US$ Mn) 74
10.2.3.2 Germany Car Audio Market Revenue and Forecasts to 2025 (US$ Mn) 76
10.2.3.3 Italy Car Audio Market Revenue and Forecasts to 2025 (US$ Mn) 78
10.2.3.4 Spain Car Audio Market Revenue and Forecasts to 2025 (US$ Mn) 80
10.2.3.5 U.K Car Audio Market Revenue and Forecasts to 2025 (US$ Mn) 82
10.2.4 Europe Car Audio Market Breakdown by Component 84
10.2.5 Europe Car Audio Market Breakdown by Technology 85
10.2.6 Europe Car Audio Market Breakdown by Accessibility Type 86
10.2.7 Europe Car Audio Market Breakdown by Make Type 87
11 Industry Landscape 88
11.1 Market Initative 88
11.2 Merger and Acquisition 89
11.3 New Development 89
12 Competitive Landscape 91
12.1 Competitive Product Mapping 91
12.2 Market Positioning -Top 5 Players Ranking for North America and Europe 92
13 Car Audio Market - Key Company Profiles 93
13.1 Alpine Electronics, Inc. 93
13.1.1 Key Facts 93
13.1.2 Business Description 93
13.1.3 Financial Overview 95
13.1.4 SWOT Analysis 96
13.1.5 Key Developments 99
13.2 Clarion Co., Ltd. 100
13.2.1 Key Facts 100
13.2.2 Business Description 100
13.2.3 Financial Overview 101
13.2.4 SWOT Analysis 101
13.2.5 Key Developments 105
13.3 HARMAN International 106
13.3.1 Key Facts 106
13.3.2 Business Description 106
13.3.3 Financial Overview 107
13.3.4 SWOT Analysis 107
13.3.5 Key Developments 111
13.4 JVC Kenwood Corporation 112
13.4.1 Key Facts 112
13.4.2 Business Description 112
13.4.3 Financial Overview 113
13.4.4 SWOT Analysis 114
13.4.5 Key Developments 117
13.5 Panasonic Corporation 118
13.5.1 Key Facts 118
13.5.2 Business Description 118
13.5.3 Financial Overview 120
13.5.4 SWOT Analysis 121
13.5.5 Key Developments 124
13.6 Pioneer Corporation 127
13.6.1 Key Facts 127
13.6.2 Business Description 127
13.6.3 Financial Overview 129
13.6.4 SWOT Analysis 129
13.6.5 Key Developments 131
13.7 Sony Corporation 133
13.7.1 Key Facts 133
13.7.2 Business Description 133
13.7.3 Financial Overview 134
13.7.4 SWOT Analysis 135
13.7.5 Key Developments 136
13.8 Delphi Automotive PLC 138
13.8.1 Key Facts 138
13.8.2 Business Description 138
13.8.3 Financial Overview 139
13.8.4 SWOT Analysis 140
13.8.5 Key Developments 142
13.9 Bose Corporation 143
13.9.1 Key Facts 143
13.9.2 Business Description 143
13.9.3 Financial Overview 144
13.9.4 SWOT Analysis 145
13.9.5 Key Developments 148
13.1 JL Audio Corporation 149
13.10.1 Key Facts 149
13.10.2 Business Description 149
13.10.3 Financial Overview 150
13.10.4 SWOT Analysis 151
13.10.5 Key Developments 154
13.11 Blaupunkt GmbH 155
13.11.1 Key Facts 155
13.11.2 Business Description 155
13.11.3 Financial Overview 155
13.11.4 SWOT Analysis 156
13.11.5 Key Developments 157
14 Appendix 159
14.1 About The Insight Partners 159
14.2 Glossary of Terms 160
14.3 Methodology 162
14.3.1 Coverage 163
14.3.2 Secondary Research 163
14.3.3 Primary Research 164
14.4 Contact Us 165
14.5 Disclaimer 166
List of Tables
Table 1: North America Car Audio Market Revenue and Forecasts to 2025 - By Components (US$ Mn) 65
Table 2: North America Car Audio Revenue and Forecasts to 2025 - Technology (US$ Mn) 66
Table 3: North America Car Audio Revenue and Forecasts to 2025 - Accessibility Type (US$ Mn) 67
Table 4: North America Car Audio Revenue and Forecasts to 2025 - Make Type (US$ Mn) 68
Table 5: Europe Car Audio Market Revenue and Forecasts to 2025 - By Components (US$ Mn) 84
Table 6: Europe Car Audio Revenue and Forecasts to 2025 - Technology (US$ Mn) 85
Table 7: Europe Car Audio Revenue and Forecasts to 2025 - Accessibility Type (US$ Mn) 86
Table 8: Europe Car Audio Revenue and Forecasts to 2025 - Make Type (US$ Mn) 87
Table 9: Glossary of Terms, Car Audio Market 160
List of Figures
Figure 1: Europe Car Audio Market, Revenue (US$ Mn), 2016 & 2025 13
Figure 2: North America Car Audio Market by Voice Recognized, Revenue (US$ Mn), 2016 & 2025 14
Figure 3: Car Audio Market Segmentation 17
Figure 4: Car Audio Market Segmentation 18
Figure 5: North America PEST Analysis 20
Figure 6: Europe PEST Analysis 23
Figure 7: Car Audio Market Impact Analysis of Driver and Restraints 30
Figure 8: Car Audio Market Breakdown by Component, 2016 & 2025(%) 31
Figure 9: Head Unit Market Revenue and Forecasts to 2025 (US$ Bn) 33
Figure 10: Amplifier Market Revenue and Forecasts to 2025 (US$ Bn) 35
Figure 11: Speaker Home Market Revenue and Forecasts to 2025 (US$ Bn) 37
Figure 12: Car Audio Others Market Revenue and Forecasts to 2025 (US$ Bn) 38
Figure 13: Car Audio Market Breakdown by Technology, 2016-2025 (%) 39
Figure 14: Voice Recognized Audio System Market Revenue and Forecasts to 2025 (US$ Bn) 41
Figure 15: Non-Voice Recognized Audio System Market Revenue and Forecasts to 2025 (US$ Bn) 42
Figure 16: Car Audio Market Breakdown by Accessibility, 2016-2025 (%) 43
Figure 17: Smartphone Controlled Market Revenue and Forecasts to 2025 (US$ Bn) 45
Figure 18: Manual Controlled Market Revenue and Forecasts to 2025 (US$ Bn) 47
Figure 19: Car Audio Market Breakdown by Make Type, 2016-2025 (%) 49
Figure 20: Branded Audio System Market Revenue and Forecasts to 2025 (US$ Bn) 51
Figure 21: Non- Branded Audio System Market Revenue and Forecasts to 2025 (US$ Bn) 53
Figure 22: North America Car Audio Market Revenue and Forecasts to 2025 (US$ Mn) 55
Figure 23: North America Car Audio Market Shipment and Forecasts to 2025 (Mn Units) 56
Figure 24: North America Car Audio Market Revenue Breakdown by Key Countries, 2016 & 2025(%) 57
Figure 25: North America Car Audio Market Volume Breakdown by Key Countries, 2016 & 2025(%) 58
Figure 26: U.S. Car Audio Market Revenue and Forecasts to 2025 (US$ Mn) 59
Figure 27: U.S. Car Audio Market Shipment and Forecasts to 2025 (Mn Units) 59
Figure 28: Canada Car Audio Market Revenue and Forecasts to 2025 (US$ Mn) 61
Figure 29: Canada Car Audio Market Shipment and Forecasts to 2025 (Mn Units) 61
Figure 30: Mexico Car Audio Market Revenue and Forecasts to 2025 (US$ Mn) 63
Figure 31: Mexico Car Audio Market Revenue and Forecasts to 2025 (Mn Unit) 63
Figure 32: Europe Car Audio Market Revenue and Forecasts to 2025 (US$ Mn) 70
Figure 33: Europe Car Audio Market Shipment and Forecasts to 2025 (Mn Unit) 70
Figure 34: Europe Car Audio Market Revenue Breakdown By Key Countries, 2016 & 2025 (%) 72
Figure 35: Europe Car Audio Market Shipment Breakdown By Key Countries, 2016 & 2025 (%) 73
Figure 36: France Car Audio Market Revenue and Forecasts to 2025 (US$ Mn) 74
Figure 37: France Car Audio Market Shipment and Forecasts to 2025 (Mn Units) 74
Figure 38: Germany Car Audio Market Revenue and Forecasts to 2025 (US$ Mn) 76
Figure 39: Germany Car Audio Market Shipment and Forecasts to 2025 (Mn unit) 76
Figure 40: Italy Car Audio Market Revenue and Forecasts to 2025 (US$ Mn) 78
Figure 41: Italy Car Audio Market Shipment and Forecasts to 2025 (Mn Units) 79
Figure 42: Spain Car Audio Market Revenue and Forecasts to 2025 (US$ Mn) 80
Figure 43: Spain Car Audio Market Shipment and Forecasts to 2025 (Mn Unit) 80
Figure 44: U. K Car Audio Market Revenue and Forecasts to 2025 (US$ Mn) 82
Figure 45: U. K Car Audio Market Revenue and Forecasts to 2025 (Mn Unit) 82
Figure 46: Car Audio System Market Competitive Product Mapping 91
Figure 47: Car Audio System Market Positioning 92
The List of Companies
1. Alpine Electronics, Inc.
2. Clarion Co., Ltd.
3. HARMAN International
4. JVC Kenwood Corporation
5. Panasonic Corporation
6. Pioneer Corporation
7. Sony Corporation
8. Delphi Automotive PLC
9. Bose Corporation
10. JL Audio Corporation
11. Blaupunkt GmbH
1. Alpine Electronics, Inc.
2. Clarion Co., Ltd.
3. HARMAN International
4. JVC Kenwood Corporation
5. Panasonic Corporation
6. Pioneer Corporation
7. Sony Corporation
8. Delphi Automotive PLC
9. Bose Corporation
10. JL Audio Corporation
11. Blaupunkt GmbH
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