LONDON--(BUSINESS WIRE)--The automotive audio amplifier market is expected to grow by USD 626.83 million during 2020-2024, according to the latest market research report by Technavio. Request a free sample report
Advances in automotive technology and the increasing penetration of electronics in vehicles have rendered the global automotive market highly competitive. Moreover, evolving consumer needs are prompting automotive manufacturers to offer differentiated features in their product offerings. Also, the premium and luxury features that were limited to luxury vehicles, are now finding adoption in mass-segment vehicles. This has invariably led to high consumer expectations in mass-segment vehicles. This acts as a crucial driver for the growth of the market in focus as audio amplifiers are an essential component of premium audio systems.
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As per Technavio, the growing popularity of class D audio amplifiers will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024.
Automotive Audio Amplifier Market: Growing Popularity Of Class D Audio Amplifiers
The class AB audio amplifier provides high-output power with reduced distortion and is the most commonly adopted in the automotive market. However, class AB audio amplifiers consume more power and require heat sinks and ventilation for heat dissipation. Thus, automotive audio system manufacturers are looking for a high-performance and cost-effective audio amplifier solution. This is making class D audio amplifiers an ideal choice as they are more efficient and produce less heat than class AB audio amplifiers. Furthermore, class D amplifiers can be packed in compact sizes, which allows automotive audio system manufacturers to save considerable space. Thus, the growing popularity of class D audio amplifiers is expected to drive the growth of the market during the forecast period.
“Development of audio amplifier for advanced automotive applications and advances in the field of advanced automotive sound systems will have a significant impact on the automotive audio amplifier market growth during the forecast period,” says a senior analyst at Technavio.
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Automotive Audio Amplifier Market: Segmentation Analysis
This market research report segments the automotive audio amplifier market by application (passenger cars and commercial vehicles), and geography (APAC, Europe, MEA, North America, and South America).
The APAC region led the automotive audio amplifier market in 2019, followed by Europe, North America, South America, and MEA. During the forecast period, the APAC region is expected to register the highest incremental growth due to factors such as high vehicle production and sales, a shift in consumer preference from mileage to aesthetics and advanced features, rising demand for luxury cars and growing adoption of premium audio systems.
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Some of the key topics covered in the report include:
- Passenger cars
- Commercial vehicles
- North America
- South America
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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