NEW YORK , Nov. 20, 2024 /PRNewswire/ -- Report on how AI is driving market transformation - The global automotive audio speakers market size is estimated to grow by USD 9.02 billion from 2024-2028, according to Technavio.
The market is estimated to grow at a CAGR of 7.82% during the forecast period. Availability of cost-effective aftermarket speakers is driving market growth, with a trend towards emergence of iot-enabled smart speakers.
However, design complexities and high costs of advanced automotive audio systems poses a challenge.Key market players include Alps Alpine Co. Ltd.
, Bang and Olufsen Group, Blaupunkt, BASSOHOLIC, Bose Corp., Burmester Audiosysteme GmbH, Continental AG, DENSO Corp., Fender Musical Instruments Corp.
, Goertek Inc., JL Audio Inc., JVCKENWOOD Corp.
, Masimo Corp., McIntosh Group, Meridian Audio Ltd., Panasonic Holdings Corp.
, Pioneer Corp., Samsung Electronics Co. Ltd.
, Sony Group Corp., and VerVent Audio Group. AI-Powered Market Evolution Insights.
Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View Free Sample Report PDF The Automotive Audio Speakers Market is experiencing significant growth due to increasing trends in safety features, voice-enabled audio, and enhanced in-car experiences. Speakers and sound amplifiers are key components of in-car audio systems in passenger cars, trucks, and luxury vehicles. The market is driven by factors like traffic congestion during daily work commute.