Global Automotive OEM Premium Audio Market 2024-2028
The automotive OEM premium audio market is forecasted to grow by USD 4.71 bn during 2023-2028, accelerating at a CAGR of 6.3% during the forecast period. The report on the automotive OEM premium audio market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by superior surround sound experience driving its penetration, growing demand for differentiated in-car experiences, and virtual tuning to enhance customer satisfaction.
Technavio's automotive OEM premium audio market is segmented as below:
By Application
- Luxury vehicles
- Mid-size vehicles
By Type
By Geographical Landscape
- Europe
- North America
- APAC
- South America
- Middle East and Africa
This study identifies the rapid advancements in audio technologies as one of the prime reasons driving the automotive OEM premium audio market growth during the next few years. Also, increase in collaboration among automotive OEMs with audio brands and integration of ANC technology in premium audio systems will lead to sizable demand in the market.
The report on the automotive OEM premium audio market covers the following areas:
- Automotive OEM premium audio market sizing
- Automotive OEM premium audio market forecast
- Automotive OEM premium audio market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive OEM premium audio market vendors that include Alps Alpine Co. Ltd., Aurelius Group, Bang and Olufsen Group, Bose Corp., Bowers and Wilkins, Burmester Audiosysteme GmbH, Canton Elektronik GmbH Co. KG, Clarion Co. Ltd., Dynaudio AS, Fender Musical Instruments Corp., FOCAL JMLAB, JVCKENWOOD Corp., Masimo Corp., McIntosh Laboratory Inc., Meridian Audio Ltd., Panasonic Holdings Corp., Pioneer Corp., Samsung Electronics Co. Ltd., Sony Group Corp., and VOXX International Corp.. Also, the automotive OEM premium audio market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.