South America Sub-Woofer Market Developments and Forecast by 2028

The sub-woofer market in SAM is expected to grow from US$ 47.75 million in 2021 to US$ 75.09 million by 2028; it is estimated to grow at a CAGR of 6.7% from 2021 to 2028.

The region has witnessed steady growth in the post-recession era, reflecting the rise in disposable income. In western countries, where consumers have high disposable incomes, the preference for advanced features and technologies integrated into vehicles drives the sale volume of cars. As per the Center for Automotive Research (CAR), automakers announced substantial investment projects of US$ 4.8 billion in these regions in 2018. GM, Hyundai, FCA, Ford, Nissan, Toyota, and Volkswagen have invested in this marketCar manufacturers are focusing on integrating sophisticated in-vehicle infotainment systems to provide differentiated services to their customers, which eventually is supporting the market growth. Moreover, the development of artificial intelligence (AI) technologies coupled with smartphone connectivity in the automotive sub-woofer is expected to drive the market in the forecast period. Further, the sales of these cars are expected to increase in coming years due to the rising uptake of private vehicles to avoid social contact in public transport to avoid exposure to SARS-CoV-2. Thus, the surge in the adoption of in-vehicle infotainment systems in cars is bolstering the demand for the sub-woofer market.

Brazil has the highest number of COVID-19 cases, followed by Ecuador, Chile, Peru, and Argentina, among others. The government of South America has taken an array of actions to protect their citizens and contain COVID-19’s spread. It is anticipated that South America will face lower export revenues, both from the drop in commodity prices and reduction in export volumes, especially to China, Europe, and the United States, which are important trade partners. Containment measures in several countries of South America will reduce economic activity in the manufacturing and service sectors for at least the next quarter and is expected to rebound once the pandemic is contained. Several countries in SAM have been severely affected by the COVID-19 outbreak. Brazil has had the worst hit in the region, with the number of positive cases continuing to surge on a daily basis. The outbreak of COVID-19 has weakened the manufacturing volume and trade in Brazil and other countries in SAM, which has a negative impact on the sub-woofer market offerings. Hence, the overall impact of COVID-19 on SAM region is moderate.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the multimodal image fusion software market. The SAM sub-woofer market is expected to grow at a good CAGR during the forecast period.

SAM Sub-Woofer Market Revenue and Forecast to 2028 (US$ Million)

SAM Sub-Woofer Market Segmentation

SAM Sub-Woofer Market – By Application

• Car Audio
• Home Audio
• Cinema Sound
• Sound Reinforcement
• Others

SAM Sub-Woofer Market – By End-User

• Residential
• Commercial

SAM Sub-Woofer Market- By Country

• Brazil
• Argentina
• Rest of SAM

SAM Sub-Woofer Market-Companies Mentioned

• Dynaudio A/S
• Harman International
• JVC Kenwood Holdings Inc.
• K-Array
• Klipsch Group Inc.
• Paradigm Electronics Inc.
• Sony Corporation
• SV Sound

South America Sub-Woofer Report Scope