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Global Premium Audio Market Expected to Witness a Sustainable Growth over 2024– Top Key players like– Top Key players like Panasonic,Bose,Sony,Inc.
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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 is expected to reach 10800 million US$ by the end of 2025, growing at a CAGR of 7.1% during 2019-2025.
Market Segment by Manufacturers, this report covers
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 Segment by Type, covers
400-1000 Watt
Below 400 Watt
Above 1000 Watt
Market Segment by Applications, can be divided into
Car Use
Home Theater
Others
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Related Information:
North America Premium Audio Market Growth 2019-2024
United States Premium Audio Market Growth 2019-2024
Asia-Pacific Premium Audio Market Growth 2019-2024
Europe Premium Audio Market Growth 2019-2024
EMEA Premium Audio Market Growth 2019-2024
Global Premium Audio Market Growth 2019-2024
China Premium Audio Market Growth 2019-2024
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