Press release
Premium Audio Market Share, Growth, Segment Analysis by Types, Application and Outlook Forecast 2019-2025
The growing popularity and demand for in-vehicle entertainment systems will drive the market for premium audio systems. The rapid shift of the automotive industry toward systems offering more comfort and luxury is one of the key factors propelling the market’s growth, specifically in mid-segment vehicles.
The manufacturers in the market are increasingly integrating advanced digital processors and microchips within the head units of modern audio systems. These microprocessors and chips improve the sound quality of the system, making them more premium in operation.
Several manufacturers for automotive entertainment are developing systems that have the potential to deliver wired and wireless connectivity with the integration of hotspot in the main unit. Such integration has enabled portable Wi-Fi for enhanced and uninterrupted connectivity.
The global Premium Audio market was 6680 million US$ in 2018 and is expected to 10800 million US$ by the end of 2025, growing at a CAGR of 7.1% between 2019 and 2025.
Get PDF template of this report: https://www.qyresearch.com/sample-form/form/1063372/global-premium-audio-market
This report studies the Premium Audio market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Premium Audio in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
Panasonic
Bose
Sony
Harman International Industries
Pioneer
Alpine Electronics
JVC Kenwood
Bowers & Wilkins
Clarion
Sound United
Rockford
Focal-JMLab
McIntosh Laboratory
Dynaudio
Bang & Olufsen
Meridian Audio
By the product type, the market is primarily split into
400-1000 Watt
Below 400 Watt
Above 1000 Watt
By the end users/application, this report covers the following segments
Car Use
Home Theater
Others
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