Automotive Premium Audio System Market - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028
Description
Automotive Premium Audio System Market - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028
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 2021 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 2021, 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.
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 (2022-2028), considering 2021 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
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 2021 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 2021, 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.
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 (2022-2028), considering 2021 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
Table of Contents
110 Pages
- 1. Research Objective and Assumption
- Research Objectives
- Assumptions
- Abbreviations
- 2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Application
- Market Snippet, By Sales Channel
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- 3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Merger and Acquisitions
- New system Launch/Approvals
- Value Chain Analysis
- Porter’s Analysis
- PEST Analysis
- 4. Global Automotive Premium Audio System, By Product Type, 2017 - 2028 (US$ Million)
- Introduction
- Market Share Analysis, 2022 and 2028 (%)
- Segment Trends
- 6 Disc
- Introduction
- Market Size and Forecast, 2017 - 2028, (US$ Million)
- 8 Disc
- Introduction
- Market Size and Forecast, 2017 - 2028, (US$ Million)
- 10 Disc
- Introduction
- Market Size and Forecast, 2017 - 2028, (US$ Million)
- 12 Disc
- Introduction
- Market Size and Forecast, 2017 - 2028, (US$ Million)
- 5. Global Automotive Premium Audio System, By Application, 2017 - 2028 (US$ Million)
- Introduction
- Market Share Analysis, 2022 and 2028 (%)
- Segment Trends
- Rims
- Introduction
- Market Size and Forecast, 2017 - 2028, (US$ Million)
- Passengers Cars
- Introduction
- Market Size and Forecast, 2017 - 2028, (US$ Million)
- Commercial Vehicles
- Introduction
- Market Size and Forecast, 2017 - 2028, (US$ Million)
- Heavy Commercial Vehicles
- Introduction
- Market Size and Forecast, 2017 - 2028, (US$ Million)
- Light Commercial Vehicles
- Introduction
- Market Size and Forecast, 2017 - 2028, (US$ Million)
- 6. Global Automotive Premium Audio System, By Sales Channels, 2017 - 2028 (US$ Million)
- Introduction
- Market Share Analysis, 2022 and 2028 (%)
- Segment Trends
- Original Equipment Manufacturer
- Introduction
- Market Size and Forecast, 2017 - 2028, (US$ Million)
- After Market
- Introduction
- Market Size and Forecast, 2017 - 2028, (US$ Million)
- 7. Global Automotive Premium Audio System, By Regions, 2017 - 2028 (US$ Million)
- Introduction
- Market Share Analysis, By Region, 2022 and 2028 (%)
- North America
- Regional Trends
- Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
- Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
- Market Size and Forecast, By Sales Channel, 2017 - 2028 (US$ Million)
- Market Share Analysis, By Country, 2022 and 2028 (%)
- U.S.
- Canada
- Europe
- Regional Trends
- Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
- Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
- Market Size and Forecast, By Sales Channel, 2017 - 2028 (US$ Million)
- Market Share Analysis, By Country, 2022 and 2028 (%)
- UK
- Germany
- Italy
- France
- Russia
- Others
- Asia Pacific
- Regional Trends
- Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
- Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
- Market Size and Forecast, By Sales Channel, 2017 - 2028 (US$ Million)
- Market Share Analysis, By Country, 2022 and 2028 (%)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Others
- Latin America
- Regional Trends
- Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
- Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
- Market Size and Forecast, By Sales Channel, 2017 - 2028 (US$ Million)
- Market Share Analysis, By Country, 2022 and 2028 (%)
- Brazil
- Argentina
- Mexico
- Others
- Middle East
- Regional Trends
- Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
- Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
- Market Size and Forecast, By Sales Channel, 2017 - 2028 (US$ Million)
- Market Share Analysis, By Country, 2022 and 2028 (%)
- Northern Africa
- Central Africa
- South Africa
- Africa
- Regional Trends
- Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
- Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
- Market Size and Forecast, By Sales Channel, 2017 - 2028 (US$ Million)
- Market Share Analysis, By Country, 2022 and 2028 (%)
- Northern Africa
- Central Africa
- South Africa
- 8. 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
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Panasonic Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- QSC, LLC
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Sonos, Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Alpine Electronics, Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Bang & Olufsen
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Klipsch Audio Technologies
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Onkyo Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Analyst Views
- 9. Section
- References
- Research Methodology
- About us and Sales Contact
- *Browse 60 market data tables and 40 figures on "Automotive Premium Audio System - Global forecast to 2028”.
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