Car audio systems market by component type is segmented into speaker, head units, amplifiers and others (this includes sub-woofers and other small parts of the audio system). The segmentation is based upon need for car audio system to improve the sound experience of the cars. Speakers & head units in the car audio market have collaboratively acquired the biggest share of more than one-fourth in 2016, followed by amplifiers, and others. As premium audio systems have gained enough popularity across the passenger car segment in both Europe and America region, the number of speaker installation keep on increasing as per end-user requirement.
Some of the key players in the report include Panasonic Corporation, Pioneer Corporation, Alpine Electronics, Inc., Kenwood Corporation, Harman International Industries, Inc., Clarion Co., Ltd., Sony Corporation, Delphi Automotive PLC, Bose Corporation, JL Audio and Blaupunkt GmbH among others.
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There has been constant development in car audio industry. Recently, Alpine Electronics of America, Inc. started shipment of iLX-207, an AV system with Android Auto and ApplePlay capability. The iLX-207 is an AM/FM system with Bluetooth wireless technology on a 7-inch WVGA capacitive touch screen and is optimized for wired connectivity with an iPhone or Android smartphone. Also, another leading player, Sony introduced XAV-AX200 DVD Receiver and MEX-GS820BT, high power in-car receiver in-car audio systems. XAV-AX200 DVD receiver was launched as an enhancement to XAV-AX100 and the receiver offers the latest technology to make the most out of long car journeys, while the MEX-GS820BT works as a high power in-car receiver. Both technologies include the latest smartphone connectivity with exceptional user interface to use on-the-go.
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-Active audio systems and smartphone controlled audio systems.
A key trend which will predominantly affect the car audio market in the coming year is the integration of wireless technology with the car audio systems. Due to the increasing penetration of smartphones, and intensifying completion, the car audio manufacturers have been seen working towards the integration of advanced technologies, such as touch-screen, voice controlled and smartphone. However, due to the development of large number of mobile applications supporting the accessibility to the daily chores (inclusive of car functions, such as accessibility of car audio devices) the car audio industry is foreseen to tap into the increasing demand for more such facilities and also ensure that it is keeping pace with consumer expectation and preferences.
The branded car audio systems are anticipated to dominate the market owing to its increasing adaption by the manufacturers as well as the end-users. The inclination of the customers towards the branded car audio systems is majorly due to the quality and after sale services offered by these brands. Moreover, the increasing ability of the end-users to spend on the audio systems of the vehicles has also contributed towards the growth of the overall car audio market.
The report segments the car audio system market as follows:
Global Car Audio System Market – By Component Type
Head Unit (including Audio Visuals)
Global Car Audio System Market – By Technology
Global Car Audio System Market – By Accessibility Type
Smart Phone Controlled
Global Car Audio System Market – By Make Type
Global Car Audio System Market – By Geography
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