Global Automotive Premium Audio Systems Sales Market Report 2022
Automotive premium audio systems deliver high-performance sound experience using several audio speakers, woofers, and other components. They have features like surround sound, eight or more speakers, and powerful amplification of 450 watts or more.
Market Analysis and Insights: Global Automotive Premium Audio Systems Market
Due to the COVID-19 pandemic, the global Automotive Premium Audio Systems market size is estimated to be worth US$ 4706.9 million in 2021 and is forecast to a readjusted size of US$ 4706.9 million by 2028 with a CAGR of 4.3% during the review period. Fully considering the economic change by this health crisis, by Type accounting for % of the Automotive Premium Audio Systems global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While by Type segment is altered to an % CAGR throughout this forecast period.
In terms of product segment, the 400-600 Watt Audio Systems product has a share over 80% in 2019.
Automotive Premium Audio Systems is widely used for OEM and Aftermarket. The proportion of OEM is over 88% and Aftermarket consumption will keep higher growth in the future.
North America is the largest consumption place, with a consumption market share nearly 32% in 2019 with shipment over 4 million units. Following Europe and Asia-Pacific are the also largest consumption places in the world. Asia-Pacific. In addition, Asia-Pacific, especially China, India will witness the fastest growth on the global front.
Market competition is intense. HARMAN, Bose, Sony, Pioneer, Clarion are the leaders of the industry, and they hold key technologies and patents, with high-end customers; have been formed in the monopoly position in the industry. The market is relatively concentrated. Top ten players account for about 94% of the market.
Global Automotive Premium Audio Systems Scope and Market Size
The global Automotive Premium Audio Systems market is segmented by company, region (country), by Type and by End Use. Players, stakeholders, and other participants in the global Automotive Premium Audio Systems market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by End Use for the period 2017-2028.
Segment by Type
400-600 Watt Audio Systems
Above 600 Watt Audio Systems
Segment by End Use
OEM
Aftermarket
By Region
United States
Europe
China
Japan
Southeast Asia
India
Other Regions
By Company
HARMAN
Bose
Sony
Pioneer
Clarion
Alpine Electronics
Panasonic
Vervent Audio Group
Denso Ten
Dynaudio
Burmester Audiosysteme
Market Analysis and Insights: Global Automotive Premium Audio Systems Market
Due to the COVID-19 pandemic, the global Automotive Premium Audio Systems market size is estimated to be worth US$ 4706.9 million in 2021 and is forecast to a readjusted size of US$ 4706.9 million by 2028 with a CAGR of 4.3% during the review period. Fully considering the economic change by this health crisis, by Type accounting for % of the Automotive Premium Audio Systems global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While by Type segment is altered to an % CAGR throughout this forecast period.
In terms of product segment, the 400-600 Watt Audio Systems product has a share over 80% in 2019.
Automotive Premium Audio Systems is widely used for OEM and Aftermarket. The proportion of OEM is over 88% and Aftermarket consumption will keep higher growth in the future.
North America is the largest consumption place, with a consumption market share nearly 32% in 2019 with shipment over 4 million units. Following Europe and Asia-Pacific are the also largest consumption places in the world. Asia-Pacific. In addition, Asia-Pacific, especially China, India will witness the fastest growth on the global front.
Market competition is intense. HARMAN, Bose, Sony, Pioneer, Clarion are the leaders of the industry, and they hold key technologies and patents, with high-end customers; have been formed in the monopoly position in the industry. The market is relatively concentrated. Top ten players account for about 94% of the market.
Global Automotive Premium Audio Systems Scope and Market Size
The global Automotive Premium Audio Systems market is segmented by company, region (country), by Type and by End Use. Players, stakeholders, and other participants in the global Automotive Premium Audio Systems market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by End Use for the period 2017-2028.
Segment by Type
400-600 Watt Audio Systems
Above 600 Watt Audio Systems
Segment by End Use
OEM
Aftermarket
By Region
United States
Europe
China
Japan
Southeast Asia
India
Other Regions
By Company
HARMAN
Bose
Sony
Pioneer
Clarion
Alpine Electronics
Panasonic
Vervent Audio Group
Denso Ten
Dynaudio
Burmester Audiosysteme
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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