Automotive premium audio system is primarily installed in luxury cars. Major advantages of using premium audio system over conventional audio system is that it requires less space and delivers high-quality sound without any vibrations. Moreover, car manufacturers are focusing on installing premium audio systems as the system’s high-efficiency speakers require less power and deliver high-quality sound while consuming minimal space in the vehicle.
 
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Market Dynamics
Development of new and advanced premium audio systems and increasing demand for electric vehicles are expected to drive growth of the automotive premium audio system market. For instance, according to the IEA Global Electric Vehicle’s (EV) analysis, around 2 million electric cars were sold in 2016, which increased to 3 million in 2017 worldwide. Therefore, increasing sales of electric cars boosts demand for premium audio systems in these cars.
Furthermore, increasing investment in research & development activities for enhancing performance of premium audio system is expected to boost the market growth. Increasing preference of consumers for high-quality sound without any external vibrations and compact speakers that are easily installed are contributing to growing R&D activities in premium audio systems.
 
Key features of the study:
This report provides in-depth analysis of automotive premium audio system market size (US$ Mn), and Compound Annual Growth Rate (CAGR %) for the forecast period (2018 – 2026), considering 2017 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global automotive premium audio system market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, automotive premium audio system market capital, key developments, strategies, and future plans
The global automotive premium audio system market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global automotive premium audio system market
 
Detailed Segmentation:
Global Automotive Premium Audio System Market, By Product Type:
6 Disc
8 Disc
10 Disc
12 Disc
Global Automotive Premium Audio System Market, By Application:
Passenger Cars
Commercial Vehicles
Heavy Commercial Vehicles
Light Commercial Vehicles
Global Automotive Premium Audio System Market, By Sales Channel:
Original Equipment Manufacturer
After Market
 
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Key companies
Major players operating in the global automotive premium audio system market include, Bose Corporation, Bowers & Wilkins, Harman International Industries, Inc., Klipsch Audio Technologies, Bang & Olufsen, Alpine Electronics, Inc., Sonos, Onkyo Corporation, Panasonic Automotive System, Blaupunkt GmbH, and QSC, LLC.
 
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