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Integrated Marine Audio System Market Share

Report ID: GMI11455
Published Date: Sep 2024
Report Format: PDF

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Integrated Marine Audio System Market Share

Garmin Ltd. and Patrick Industries, Inc. dominate the market with over 12% of the market share. Garmin Ltd. leverages its strong presence in marine electronics by integrating advanced audio solutions with its existing navigation and communication systems. By focusing on seamless integration, high-performance standards, and user-friendly features, Garmin aims to enhance the overall marine experience and attract a loyal customer base.

Patrick Industries, Inc. focuses on expanding its product portfolio and enhancing its distribution network. The company emphasizes developing durable, high-quality marine audio components and integrating them into recreational and luxury marine vessels. By strengthening relationships with boat manufacturers and aftermarket retailers, Patrick Industries aims to increase its market presence and cater to the growing demand for premium marine audio systems.

Integrated Marine Audio System Market Companies

Major companies operating in the integrated marine audio system industry are:

ALPS ALPINE CO., LTD.
Bose Corporation
Boss Audio Systems
Garmin Ltd.
Infinity by Harman
Kenwood Corporation
Kicker Audio
Patrick Industries, Inc.
Pioneer Electronics USA
Sony Corporation

Authors: Preeti Wadhwani, Aishwarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of integrated marine audio system reached USD 1.3 billion in 2023 and is set to register over 7% CAGR from 2024-2032, due to the rising marine leisure activities coupled with increasing disposable incomes worldwide.

The speakers segment held over 20% share in 2023, owing to the need for reliable, high-quality audio in recreational and luxury boating settings.

North America market accounted for 30% share in 2023, attributed to a growing interest in recreational boating, yachting, and luxury marine experiences in the region.

ALPS ALPINE CO., LTD., Bose Corporation, Boss Audio Systems, Garmin Ltd., Infinity by Harman, Kenwood Corporation, Kicker Audio, Patrick Industries, Inc., Pioneer Electronics USA, and Sony Corporation are some of the major integrated marine audio system companies worldwide.