Audio systems are audio electronics intended for entertainment use, such as shelf stereos and surround sound receivers. Premium audio systems deliver high-performance sound experience using a number of speakers, woofers, and other components.
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 is valued at 6680 million US$ in 2018 and will reach 10800 million US$ by the end of 2025, growing at a CAGR of 7.1% during 2019-2025. The objectives of this study are to define, segment, and project the size of the Premium Audio market based on company, product type, end user and key regions.
This report studies the global market size of Premium Audio in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of Premium Audio in these regions.
This research report categorizes the global Premium Audio market by top players/brands, region, type and end user. This report also studies the global Premium Audio market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.
The following manufacturers are covered in this report, with sales, revenue, market share for each company:
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
Market size by Product
400-1000 Watt
Below 400 Watt
Above 1000 Watt
Market size by End User
Car Use
Home Theater
Others
Market size by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Singapore
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Spain
Russia
Central & South America
Brazil
Rest of Central & South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
The study objectives of this report are:
To study and analyze the global Premium Audio market size (value & volume) by company, key regions, products and end user, breakdown data from 2014 to 2018, and forecast to 2025.
To understand the structure of Premium Audio market by identifying its various subsegments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Premium Audio companies, to define, describe and analyze the sales volume, value, market share, market competition landscape and recent development.
To project the value and sales volume of Premium Audio submarkets, with respect to key regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Premium Audio are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
This report includes the estimation of market size for value (million US$) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Premium Audio market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Summary:
Get latest Market Research Reports on Premium Audio . Industry analysis & Market Report on Premium Audio is a syndicated market report, published as Global Premium Audio Market Insights, Forecast to 2025. It is complete Research Study and Industry Analysis of Premium Audio market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.