Global Marine Audio Market Poised for Growth, Reaching $1.84 Billion in 2023, Driven by Booming Recreational Boating Industry
The global marine audio market is poised for steady growth, with projections indicating an increase from $1.81 billion in 2022 to $1.84 billion in 2023, reflecting a compound annual growth rate (CAGR) of 1.7%.
- The global marine audio market is poised for steady growth, with projections indicating an increase from $1.81 billion in 2022 to $1.84 billion in 2023, reflecting a compound annual growth rate (CAGR) of 1.7%.
- This growth trend is set to continue, with the marine audio market forecasted to reach $1.95 billion by 2027, maintaining a CAGR of 1.5%.
- The expanding recreational boating industry is anticipated to drive the growth of the marine audio market.
- The marine audio market encompasses revenues generated by entities offering high-quality sound, splash-proof, corrosion-resistant, UV-resistant, and multi-zone audio solutions for marine environments.