Automotive speaker market projected to reach $8.23 billion by 2031

The global automotive speaker market is expected to experience significant growth, with a projected compound annual growth rate (CAGR) of 7.8% between 2025 and 2031. According to research from Global Info Research, the market is forecasted to reach a valuation of $8.23 billion by 2031.

This expansion is driven by the electrification of vehicles, increasing consumer demand for advanced in-car entertainment, and the integration of connected car technologies, such as smart speakers and Over-the-Air (OTA) updates. As vehicles transition toward electric (EV) and autonomous (AV) models, speakers are evolving from simple audio components into sophisticated acoustic platforms that support advanced driver-assistance systems (ADAS).

Key industry players include Harman (Samsung), JVC Kenwood, Foster Electric, Bose, Denso Ten, Pioneer, and Alpine. In 2024, the top five companies held approximately 45.0% of the market share. Competition is currently focused on balancing high-fidelity sound quality with lightweight materials—such as aluminum and magnesium—to support vehicle decarbonization and efficiency goals.