The Marine Audio Global Market Report 2023, provides comprehensive information on the marine 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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The global marine audio market is expected to grow from $1.81 billion in 2022 to $1.84 billion in 2023 at a compound annual growth rate (CAGR) of 1.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. 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 market size of global marine audio is expected to reach $1.95 billion in 2027 at a CAGR of 1.5%.
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Technological advancements are a key trend gaining popularity in the marine audio market. Major companies operating in the marine audio market are adopting new technologies to sustain their position in the market. For instance, in March 2023, Harman International, a US-based audio electronics company, launched the first marine A2B digital signal audio processor. Its Automotive Audio Bus (A2B) technology is designed for an improved on-water listening experience, more straightforward installation and maintenance, and a lower overall cost of ownership. The A2B-equipped system utilizes up to 32 digital audio channels via a two-wire bus system. In addition to providing superior digital sound quality, the A2B system bus reduces the amount of cabling. It extends the distance audio signals can be run from the head unit to the amplifiers. It enables boat builders to place amplifiers closer to batteries, shortening power cables and saving manufacturers time, money, and weight because fewer components are required.
The marine audio market is segmented:
1) By Product: Speaker, Subwoofer, Stereo Receiver, Amplifier
2) By Boat Type: Inboard, Outboard, Sterndrive, Other Boats
3) By Technology: Wired, Wireless
4) By Sales: Original Equipment Manufacturer (OEM), Aftermarket
Europe was the largest region in the marine audio market in 2022.
The table of contents in TBRC’s marine audio market report includes:
- Executive Summary
- Marine Audio Market Characteristics
- Marine Audio Market Trends And Strategies
- Marine Audio Market – Macro Economic Scenario
5.Global Marine Audio Historic Market Size and Growth
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- Global Marine Audio Market Competitive Benchmarking
- Global Marine Audio Market Competitive Dashboard
- Key Mergers And Acquisitions In The Marine Audio Market
- Marine Audio Market Future Outlook and Potential Analysis
- Appendix
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