DUBLIN, Dec. 18, 2017 /PRNewswire/ --
The "Global Automotive Audio Speakers Market 2017-2021" report has been added to Research and Markets' offering.
The global automotive audio speakers market to grow at a CAGR of 3.61% during the period 2017-2021.
Global Automotive Audio Speakers Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is integrated speakers in driver seat headrest. The leading players in the automotive audio speakers market are continuously working on enhancing the performance of their audio systems. The enhancements are visible in the form of increased wattage output, more number of speakers, integrated tweeters, and power sound amplifiers. Speaker placement in the vehicle plays a very important role in delivering improved audio system performance.
According to the report, one driver in the market is lower cost of aftermarket automotive audio speakers. OEMs do not provide audio speakers in the lower variant of the mass-selling vehicles. In addition, OEMs refrain from providing the audio speakers in the low-priced commercial vehicle to lower the manufacturing cost. For instance, in APAC, more than 25% of the new passenger cars registered in 2016 were not equipped with OEM fitted speaker. As a result, such vehicle uses aftermarket speakers. Moreover, significant demand arises from the vehicles going for the replacement of the OEM fitted speakers with the aftermarket to enhance the sound quality of the audio system.
Further, the report states that one challenge in the market is design complexity and high cost of the advanced automotive audio systems. The design complexity and high cost of premium audio systems are the major challenges for the market growth. High costs of the advanced audio system refrain OEMs from reducing their vehicle prices. As a result, vehicle manufacturers have to either keep their profit margins low or shift their additional cost pressure onto consumers. However, in the current competitive market, consumers look for products that offer maximum value for money and thus has become difficult for the vehicle manufacturers to shift the cost pressure onto their customers.
- Integrated speakers in driver seat headrest
- Increase in sales of automotive audio components and accessories through online sales channel
- Increase in the average miles driven is leading to wider adoption of in-car entertainment system
- Alpine Electronics
- HARMAN International
- JVCKENWOOD Corporation
- Pioneer Corporation
Other prominent vendors
- Boston Acoustics
- Bowers & Wilkins
- McIntosh Laboratory
- Meridian Audio
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Segmentation By Application
Part 07: Geographical Segmentation
Part 08: Key Leading Countries
Part 09: Decision Framework
Part 10: Drivers And Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Key Vendor Analysis
Part 14: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/kdnfcw/global_automotive?w=5
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
View original content:http://www.prnewswire.com/news-releases/global-automotive-audio-speakers-market-2017-2021-increase-in-sales-of-automotive-audio-components-and-accessories-through-online-sales-channel-300572507.html
SOURCE Research and Markets