Automotive Speaker Market worth $12.92 billion in 2029 - Exclusive Report by MarketsandMarkets™

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Automotive Speaker Market Report Scope:

The coaxial speaker segment is expected to hold the largest market share during the forecast period.

The coaxial speakers hold the largest market share during the forecast period. Coaxial speakers are also called full-range speakers as they pack the woofer, tweeter, and crossover in a single unit, making it one of the most in-demand speakers while upgrading a car's audio system. They are easy to install and come in the standard factory space fitting with good sound through all frequencies without special modifications. They also have different ranges of price and performance options to fit the budgeted requirements to upgrade the car's audio system. Brands like Clarion, JBL, and Stillwater Designs top this list with popular models and thus meet the demand for good-quality sound in cars to propel market growth.

The door speakers segment is dominating the automotive speaker market.

Door speakers are the market leaders of automobile speakers because they can deliver quality sound to the passengers, enhancing the overall sound quality during audio playback within the car. The speakers are placed strategically for a well-balanced, high-quality sound for playing music, navigating, or even receiving calls. This demand for better sound makes car manufacturers fit more speakers per door with woofers and tweeters. Brands like Meridian Audio have used advanced tech to produce immersive sound. Thus, door speakers have become the most popular market for those who need quality audio within their vehicles.

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US in the North America region to dominate the automotive speaker market during the forecast period

The US dominates the automotive speaker industry in North America primarily because consumers demand quality in-car audio and entertainment systems. This market is also driven by the trend toward electric vehicles, considering most tend to be equipped with premium infotainment sets. Recent government investments in building infrastructure for EVs have helped further boost sales growth. Car manufacturers heavily depend on advanced audio systems, and the US is commanding a lead in the automotive speaker market.

Key players

The automotive speaker companies includes significant Tier I and II players like Panasonic Holdings Corporation (US), Bose Corporation (US), Samsung Electronics Co., Ltd. (South Korea), Alps Alpine Co., Ltd. (Japan), Pioneer Corporation (Japan), Sony Group Corporation (Japan), Masimo Corporation (US), Clarion (US), Focal (France), Elettromedia S.p.A. (Italy), JVC KENWOOD Corporation (Japan), Stillwater Designs (US), Rockford Corp. (US)  are some of the key players in the automotive speaker market.

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