AUTOMOTIVE PREMIUM AUDIO SYSTEM MARKET ANALYSIS (2018 – 2026)
Automotive premium audio system is primarily installed in luxury cars. Major advantages of using premium audio system over conventional audio system is that it requires less space and delivers high-quality sound without any vibrations. Moreover, car manufacturers are focusing on installing premium audio systems as the system’s high-efficiency speakers require less power and deliver high-quality sound while consuming minimal space in the vehicle.
Market Dynamics
Development of new and advanced premium audio systems and increasing demand for electric vehicles are expected to drive growth of the automotive premium audio system market.. For instance, according to the IEA Global Electric Vehicle’s (EV) analysis, around 2 million electric cars were sold in 2016, which increased to 3 million in 2017 worldwide. Therefore, increasing sales of electric cars boosts demand for premium audio systems in these cars.
Furthermore, increasing investment in research & development activities for enhancing performance of premium audio system is expected to boost the market growth. Increasing preference of consumers for high-quality sound without any external vibrations and compact speakers that are easily installed are contributing to growing R&D activities in premium audio systems. For instance, in October 2017, Continental A.G, a Germany-based automotive parts supplier, introduced— Ac2ated Sound, a new speaker-less audio system for cars. In comparison to conventional speaker technology, Ac2ated Sound has several advantages such as lower weight with dramatically reduced box volume and lower electricity consumption. Moreover, this invisible car audio technology delivers excellent acoustics and can be integrated in any car model from high-end sedans to small electric vehicles.
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Key features of the study:
- This report provides in-depth analysis of automotive premium audio system market size (US$ Mn), and Compound Annual Growth Rate (CAGR %) for the forecast period (2018 – 2026), considering 2017 as the base year
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global automotive premium audio system market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, automotive premium audio system market capital, key developments, strategies, and future plans
- Companies covered as part of this study include, Bose Corporation, Bowers & Wilkins, Harman International Industries, Inc., Klipsch Audio Technologies, Bang & Olufsen, Alpine Electronics, Inc., Sonos, Onkyo Corporation, Panasonic Automotive System, Blaupunkt GmbH, and QSC, LLC. Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, product upgrades, market expansion, and marketing tactics
- The global automotive premium audio system market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global automotive premium audio system market
Detailed Segmentation:
- Global Automotive Premium Audio System Market, By Product Type:
- 6 Disc
- 8 Disc
- 10 Disc
- 12 Disc
- Global Automotive Premium Audio System Market, By Application:
- Passenger Cars
- Commercial Vehicles
- Heavy Commercial Vehicles
- Light Commercial Vehicles
- Global Automotive Premium Audio System Market, By Sales Channel:
- Original Equipment Manufacturer
- After Market
- Global Automotive Premium Audio System Market, By Geography:
- North America
- By Product Type
- By Application
- By Sales Channel
- By Country:
- U.S.
- Canada
- Europe
- By Product Type
- By Application
- By Sales Channel
- By Country:
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- By Product Type
- By Application
- By Sales Channel
- By Country:
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Latin America
- By Product Type
- By Application
- By Sales Channel
- By Country:
- Brazil
- Mexico
- Rest of Latin America
- Middle East
- By Product Type
- By Application
- By Sales Channel
- By Country:
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- By Product Type
- By Application
- By Sales Channel
- By Country:
- Northern Africa
- Central Africa
- South Africa
- Competitive Landscape
- Company Profiles
- Bose Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Bowers & Wilkins. Ltd.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Harman International Industries, Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Blaupunkt GmbH
- Panasonic Corporation
- QSC, LLC
- Sonos, Inc.
- Alpine Electronics, Inc.
- Bang & Olufsen
- Klipsch Audio Technologies
- Onkyo Corporation
- Analyst Views
- References
- Research Methodology
- About us and Sales Contact
“*” marked represents similar segmentation in other categories in the respective section
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Source: https://www.coherentmarketinsights.com/market-insight/automotive-premium-audio-system-market-2318