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Car Microphone Market Size
Car Microphone Market size surpassed USD 850 million in 2022 and is anticipated to grow at 3.5% CAGR from 2023 to 2032. The automotive industry is experiencing a rapid expansion in in-vehicle connectivity such as telematics, Vehicle-to-Vehicle (V2V) communication, and in-car internet connectivity. Automotive microphones play an important role in car audio, providing voice communication & control in a connected car. Furthermore, the development of connected car technology is increasing the product demand.
The scarcity of semiconductors is resulting in production obstacles for car microphone manufacturers. With reduced access to essential components, manufacturers may struggle to meet the demand for car microphone systems, leading to potential supply shortages. This can impact the overall growth potential of the market and hinder the ability to fulfill customer orders.
How is in-car entertainment application contributing to car microphone industry revenue?
In-car entertainment segment will witness significant growth rate of over 4% from 2023 to 2032, backed by the rising consumer demand for enhanced vehicle entertainment options.
What is the size of worldwide car microphone market?
The market size of car microphone crossed USD 850 million in 2022 and will register 3.5% CAGR during 2023 to 2032, led by the rapid acceptance of in-vehicle connectivity such as telematics, Vehicle-to-Vehicle (V2V) communication, and in-car internet connectivity, which is increasing the product demand.
Who are the key players in car microphone business landscape?
AAC Technologies, Akustica, Blaupunkt GmbH, Br
Why is Asia Pacific emerging as a lucrative avenue for car microphone manufacturers?
Asia Pacific held over 35% of the global industry share in 2022 and will continue growing driven by technological advancements in the automotive sector, in consort with growing urbanization, rising disposable income and improved standard of living that is fueling the demand for luxury cars.