Global Automotive Premium Audio System Market 2024-2028
The automotive premium audio system market is forecasted to grow by USD 9.6 bn during 2023-2028, accelerating at a CAGR of 6.86% during the forecast period. The report on the automotive premium audio system 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 improved sound quality and control, virtual tuning to enhance customer satisfaction, and high popularity of suv cars.
Technavio's automotive premium audio system market is segmented as below:
By Application
- Luxury cars
- Mid-segment cars
By Type
By Geographical Landscape
- Europe
- APAC
- North America
- South America
- Middle East and Africa
This study identifies the development of 34-speaker premium audio systems as one of the prime reasons driving the automotive premium audio system market growth during the next few years. Also, emergence of iot-enabled smart speakers and growing popularity of integrated speakers in headrests will lead to sizable demand in the market.
The report on the automotive premium audio system market covers the following areas:
- Automotive premium audio system market sizing
- Automotive premium audio system market forecast
- Automotive premium audio system 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 premium audio system market vendors that include Alps Alpine Co. Ltd., Bang and Olufsen Group, Bose Corp., Boston Acoustics Inc., Bowers and Wilkins, Burmester Audiosysteme GmbH, Cerwin Vega, Dirac Research AB, Goertek Inc., JL Audio Inc., JVCKENWOOD Corp., Koninklijke Philips N.V., Meridian Audio Ltd., Nimble Holdings Co. Ltd., Panasonic Holdings Corp., Pioneer Corp., Samsung Electronics Co. Ltd., Sony Group Corp., Stellantis NV, and Stillwater Designs and Audio Inc.. Also, the automotive premium audio system 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.