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Global Automotive Premium Audio System Market Size, Growth, Opportunities, Trends To Grow at a CAGR of 14.83% 2017-2021

Press Release   •   Jan 13, 2017 04:56 EST

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.

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

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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

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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?

Table of Contents

Table of Contents

PART 01: Executive summary

PART 02: Scope of the report

Report coverage

PART 03: Market research methodology

Research methodology

Economic indicators

PART 04: Introduction

Key market highlights

Value chain analysis

Product lifecycle

PART 05: Market landscape

Market overview

PART 06: Market segmentation by vehicle type

Global automotive premium audio system market by vehicle type

Audio premium audio system market for premium SUVs

Automotive premium audio system market for luxury sedans

PART 07: Geographical segmentation

Automotive premium audio system market in the Americas

Automotive premium audio system market in EMEA

Automotive premium audio system market in APAC

PART 08: 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

PART 09: 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

PART 10: Market trends

Growing integration of digitalized content with advanced audio-visual navigation system

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