The global Automotive Premium Audio Systems market was valued at US$ 4529 million in 2020 and it is expected to reach US$ 6121.2 million by the end of 2027, growing at a CAGR of 4.3% during 2021-2027.
Automotive premium audio systems deliver high-performance sound experience using several audio speakers, woofers, and other components. They have features like surround sound, eight or more speakers, and powerful amplification of 450 watts or more.
HARMAN, Bose, Sony, and Pioneer are the key players in the market, and they approximately dominate 80 percent of the market share in production; especially, HARMAN, an American manufacturer, controls over 30 percent of the market share. Europe is the largest market in the world, which has over 35 percent of the market share. OEM application has almost 90 percent of the market share in consumption, but it is decreasing each year. 400-600 Watt audio systems of the product type has about 80 percent of the market share in production, but it is decreasing as well.
Global Automotive Premium Audio Systems Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Automotive Premium Audio Systems Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Harman, Bose, Sony, Pioneer, Faurecia Clarion, Alpine Electronics, Panasonic, Vervent Audio Group, Denso Ten, Dynaudio, Burmester Audiosysteme and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Segment by Type
- 400-600 Watt Audio Systems
- Above 600 Watt Audio Systems
Segment by Application
Table of Content:
1 Automotive Premium Audio Systems Market Overview
2 Automotive Premium Audio Systems Market Competition by Manufacturers
3 Automotive Premium Audio Systems Retrospective Market Scenario by Region
4 Global Automotive Premium Audio Systems Historic Market Analysis by Type
5 Global Automotive Premium Audio Systems Historic Market Analysis by Application
6 Key Companies Profiled
7 Automotive Premium Audio Systems Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Automotive Premium Audio Systems Market Dynamics
10 Global Automotive Premium Audio Systems Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta
Peter Barzilai is a high school pitcher and college rower turned longtime World News journalist. Peter has also written for Buzz Feed and Huffington Post and many other major publications, Peter Loves everything about sports and loves to write on trending topics and he is DailyFactsNTrends member since 2017.