Albany, NY -- (SBWIRE) -- 08/16/2017 -- 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.
The global automotive premium audio system market to grow at a CAGR of 14.83% during the period 2017-2021. 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
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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.
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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?
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