The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The growing popularity of self-driving cars is likely to stimulate innovation in vehicle audio manufacturing, propelling the market throughout the forecast period.

The global car audio market is expected to grow from $9.03 billion in 2022 to $9.82 billion in 2023 at a compound annual growth rate (CAGR) of 8.8%. The global car audio market size is expected to reach $13.19 billion in 2027 at a CAGR of 7.6%.

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 Global Car Audio Market Segments Include:

• By Component: Speaker, Amplifier, DSP, Microphone, Tuner
• By Make Type: Branded/Premium Audio Systems, Non-Branded Audio Systems
• By Technology: Voice Recognized Audio System, Non-Voice Recognized Audio System
• By Sales Channel: Original Equipment Manufacturer (OEM), Aftermarket
• By Application: Passenger Vehicle, Commercial Vehicle
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global car audio market in 2021.

Major Market Players in the car audio market include Alpine Electronics Inc., Harman International, Clarion Co. Ltd., JVC Kenwood Corporation, Panasonic Corporation, Pioneer Corporation, Sony Corporation, Bose Corporation.

Technological developments are the most popular trend in the automotive audio market. To maintain their market position, major firms in the automotive audio market are introducing new technology to offer unique products. For example, Dirac, a Swedish audio technology company, will launch an Intelligent Audio Platform for automobiles in May 2022. The intelligent audio platform is a software system that uses powerful upmixing technologies to enhance the audio experience in automobiles. On this platform, the Dirac Virtuo spatial audio technology is used, which creates a genuine, immersive soundscape. Upmixing technology on the platform evaluates stereo signals in real time and breaks them down into component pieces, resulting in a more precise and spatially accurate sound experience.

The Car Audio Global Market Report 2023  provides a car audio market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The car audio market forecast analyzes car audio market size, car audio market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

A car audio system is a piece of technology that is installed in a vehicle to offer passengers with entertainment and information. The audio system in a car is made up of numerous parts that work together to provide the desired sound quality.

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