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Global Automotive Premium Audio System Market 2017-2021

Global Automotive Premium Audio System Market 2017-2021

About Automotive Premium Audio System

Premium audio systems deliver high-performance sound experience using a number of speakers, woofers, and other components. Automotive premium audio systems are those with surround sound, eight or more speakers, and power amplification of 400 watts and more, which offer a theater-like sound experience within the vehicle. These high-performance systems are usually part of the in-vehicle entertainment systems in luxury sedans, SUVs, and vans.

Technavio’s analysts forecast the global automotive premium audio system market to grow at a CAGR of 14.83% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global automotive premium audio system market for 2017-2021. To calculate the market size, the report is based on factory fitment. Furthermore, to calculate the market size based on geography, a top-down approach is used, on the basis of overall automotive premium audio system application.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report Global Automotive Premium Audio System Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Alpine Electronics
  • Bang & Olufsen
  • Bose
  • Burmester Audiosysteme
  • HARMAN
Other prominent vendors
  • Blaupunkt
  • Boston Acoustics
  • Bowers & Wilkins
  • Clarion
  • Dynaudio
  • McIntosh Laboratory
  • Meridian Audio
  • Pioneer
Market driver
  • Improved quality of sound systems through digital signal processors
  • For a full, detailed list, view our report
Market challenge
  • High cost and design complexity of advanced audio systems
  • For a full, detailed list, view our report
Market trend
  • Use of audio system as WLAN hotspot enabling 24/7 connectivity
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Automotive Premium Audio System Market 2017-2021

Technavio recognizes the following companies as the key players in the global automotive premium audio system market: Alpine Electronics, Bang & Olufsen, Bose, Burmester Audiosysteme, and HARMAN.

Other Prominent Vendors in the market are: Blaupunkt, Boston Acoustics, Bowers & Wilkins, Clarion, Dynaudio, McIntosh Laboratory, Meridian Audio, and Pioneer.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is use of audio system as WLAN hotspot enabling 24/7 connectivity. Modern automotive audio systems are now capable of delivering more than music. Developers of automotive entertainment system are developing systems that have the capability of delivering wired and wireless connectivity with the integration of hotspot in the main unit. This has allowed portable Wi-Fi for improved and uninterrupted connectivity.”

According to the report, one of the major drivers for this market is improved quality of sound systems through digital signal processors. The integration of advanced digital processors and microchips within the head units of modern audio systems has been driving the premium audio system in the automotive market. These microprocessors and chips are helping in improving the sound quality of the system and thereby making the system more premium in function.

Further, the report states that one of the major factors hindering the growth of this market is high cost and design complexity of advanced audio systems. The high cost of premium audio systems is one of the major challenges in the market. High costs make it difficult for automobile manufacturers to keep their product prices low. Therefore, automobile manufacturers have to either keep their profit margins low or shift the pressure onto consumers. However, in the current price-sensitive market, customers look for products that offer maximum value for money, and it has therefore become difficult for manufacturers to shift the pressure of costs onto their customers.

Companies Mentioned

Alpine Electronics, Bang & Olufsen, Bose, Burmester Audiosysteme, HARMAN, Blaupunkt, Boston Acoustics, Bowers & Wilkins, Clarion, Dynaudio, McIntosh Laboratory, Meridian Audio, Pioneer.

  • Executive summary
  • Scope of the report
    • Report coverage
      • Table Scope of the report
      • Table Definitions of products and markets
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table Timeline showing evolution of automotive sound system
    • Value chain analysis
      • Table Value chain analysis for automotive premium audio system market
    • Product lifecycle
      • Table Product lifecycle: Global automotive premium audio system market 2016
  • Market landscape
    • Market overview
      • Table Segmentation of global automotive premium audio system market
      • Table Global automotive premium audio system market 2016-2021 (millions of units)
      • Table Top selling SUVs in China 2015
      • Table Five forces analysis for global automotive premium audio system market
  • Market segmentation by vehicle type
    • Global automotive premium audio system market by vehicle type
      • Table Global automotive premium audio system market by vehicle type 2016 and 2021
    • Audio premium audio system market for premium SUVs
      • Table Automotive premium audio system market for premium SUVs 2016-2021 (millions of units)
    • Automotive premium audio system market for luxury sedans
      • Table Automotive premium audio system market for luxury sedans 2016-2021 (millions of units)
  • Geographical segmentation
    • Table Global automotive premium audio system market by geography 2016 and 2021
    • Automotive premium audio system market in the Americas
      • Table Automotive premium audio system market in the Americas 2016-2021 (millions of units)
      • Table Number of dollar billionaires in top 15 countries 2015
    • Automotive premium audio system market in EMEA
      • Table Automotive premium audio system market in EMEA 2016-2021 (millions of units)
      • Table Market shares of key countries in European luxury automotive segment 2015
    • Automotive premium audio system market in APAC
      • Table Automotive premium audio system market in APAC 2016-2021 (millions of units)
  • Market drivers
    • Improved quality of sound systems through digital signal processors
    • Improved sound quality and output through better speakers
    • Advances in automotive audio system technology
    • Smartphone integration with advanced IVI systems
  • Market challenges
    • Power constraints and heat dissipation from head unit of audio systems
    • High cost and design complexity of advanced audio systems
    • Data insecurity with hacking of information
    • Potential for driver distraction and difficulty in usability
      • Table Driver distraction ratings of automotive infotainment systems in the US
  • Market trends
    • Growing integration of digitalized content with advanced audiovisual navigation system
    • Use of audio system as WLAN hotspot enabling 24/7 connectivity
    • Development of MOST technology to ease upgrades of future infotainment systems
      • Table MOST technology
    • Enhanced sound with integrated speakers in driver seat headrest
    • Rising adoption of advanced audio system in mid-segment vehicles
  • Vendor landscape
    • Competitive landscape
    • Other prominent vendors
  • Key vendor analysis
    • Alpine Electronics
      • Table Product portfolio of Alpine Electronics
    • Bang & Olufsen
      • Table Product portfolio of Bang & Olufsen
    • Bose
      • Table Product portfolio of Bose
    • Burmester Audiosysteme
      • Table Product portfolio of Burmester Audiosysteme
    • HARMAN International
      • Table Product portfolio of HARMAN International
  • Appendix
    • List of abbreviations
  • Explore Technavio

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