The Car Audio Global Market Report 2023, provides comprehensive information on the car audio market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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https://www.thebusinessresearchcompany.com/report/car-audio-global-market-report
The global car audio market size 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 Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. 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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Technological advancements are the key trend gaining popularity in the car audio market. Major companies operating in the car audio market are introducing new technologies to develop innovative products to sustain their position in the market. For instance, in May 2022, Dirac, a Sweden-based audio tech company, launched an Intelligent Audio Platform for cars. The intelligent audio platform is a software solution that provides advanced upmixing technology to improve the audio experience in cars. The Dirac Virtuo spatial audio solution is used on this platform and provides a natural, immersive soundscape. The platform’s upmixing technology analyses stereo signals in real time and breaks them down into component parts, resulting in a more accurate and spatially accurate sound experience.
The car audio market is segmented:
1) By Component: Speaker, Amplifier, DSP, Microphone, Tuner
2) By Make Type: Branded/Premium Audio Systems, Non-Branded Audio Systems
3) By Technology: Voice Recognized Audio System, Non-Voice Recognized Audio System
4) By Sales Channel: Original Equipment Manufacturer (OEM), Aftermarket
5) By Application: Passenger Vehicle, Commercial Vehicle
Asia-Pacific was the largest region in the car audio market in 2022.
The table of contents in TBRC’s car audio market report includes:
- Executive Summary
- Car Audio Market Characteristics
- Car Audio Market Trends And Strategies
- Car Audio Market – Macro Economic Scenario
- Car Audio Market Size And Growth
…..
- Africa Car Audio Market
- Car Audio Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Car Audio Market
- Car Audio Market Future Outlook and Potential Analysis
- Appendix
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