PUBLISHER: QYResearch | PRODUCT CODE: 1061619
PUBLISHER: QYResearch | PRODUCT CODE: 1061619
Due to the COVID-19 pandemic, the global Car Audio market size is estimated to be worth US$ 11,230.0 million in 2021 and is forecast to a readjusted size of US$ 14,255.7 million by 2028 with a CAGR of 2.94% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, OEM accounting for 87.3% of the Car Audio global market in 2021, is projected to value US$ 12,439.4 million by 2028, growing at a revised 2.93% CAGR from 2022 to 2028. While Passenger Car segment is altered to a 3.04 % CAGR throughout this forecast period.
China Car Audio market size was US$ 2,991.0 million in 2021, while the US and Europe Car Audio were US$ 1,870.3 million and US$ 2,918.0 million, severally. The proportion of the US was 16.65% in 2021, while China and Europe are 26.63% and 25.98% respectively, and it is predicted that China proportion will reach 27.95% in 2028, trailing a CAGR of 4.23 % through the analysis period. Japan, South Korea, and India are noteworthy markets in Asia, with CAGR 2.61%, 2.58%, and 4.99 % respectively for the next 6-year period.
The global key manufacturers of Car Audio include Panasonic, HARMAN, Continental, Alpine Electronics, Pioneer, Denso Ten, Bose, Clarion, Hyundai Mobis and Sony, etc. In 2021, the global top five players hold a share approximately 51.74% in terms of revenue.
Car Audio market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Car Audio market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by Type, and by Application for the period 2017-2028.