Press release
Premium Audio Market is ready to Grow Globally with Phenomenal Trend Diversity Between 2020 to 2026 | Panasonic, Bose, Sony
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Summary
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 was 6680 million US$ in 2018 and is expected to 10800 million US$ by the end of 2025, growing at a CAGR of 7.1% between 2019 and 2026.
The Key manufacturers that are operating in the global Premium Audio market are:
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
Premium Audio Market Statistics by Types:
400-1000 Watt
Below 400 Watt
Above 1000 Watt
Premium Audio Market Outlook by Applications:
Car Use
Home Theater
Others
FQA in the Premium Audio market report:
1. Market factors (key drivers and constraints, possibilities, challenges, investment opportunities and guidelines).
2. What are the possibilities in the market?
3. What are the limitations of the market and their impact on prices?
4. Which are the markets in which agencies outlining with distinct techniques, financials, and current trends should set up a presence?
5. What are the types and applications followed by means of manufacturers?
6. What are the projected prices for the Premium Audio market as an entire and each segment inside it?
Premium Audio Market: Regional Analysis Includes:
The production, regional trade, investment opportunities, mergers & acquisitions and sales channels of Premium Audio Industry are stated. The best manufacturers, product types, applications and market shares are listed. The regional Premium Audio analysis covers North America, Europe, China, Japan, India, South America, Middle East, and Africa and the rest of the world.
Research Methodology
For the purpose of the study, we used the BC matrix to understand the market growth-share. The BC matrix helped to understand the growth opportunities for Premium Audio Market for the years to come. It also helped formulate strategic planning for the forecast period and showed where investment must be made. The study revealed that even with increase in production cost, there is a potential for growth in the market share even for new entrants who embrace technology. Interview Premium Audio industry key views such as Marketing Director, VP, CEO, Technology Director, R & D Manager to gather information on supply and demand aspects.
Reasons to Buy the Report:
Market Size Forecasts: The authors of the report have provided accurate estimation of the global Premium Audio market size based on value and volume
Market Trend Analysis: This section of the report throws light on the approaching trends and developments in the global Premium Audio market
Future Prospects: The report here offers crucial information on the rewarding opportunities in the global Premium Audio market
Regional Analysis: Inclusive analysis of the potential regions and their countries in the global Premium Audio market is provided in this part of the report
Segmental Analysis: In continuation of using earnings, this report studies the design and ingestion of its Premium Audio market. This report also highlights the difference between usage and supply, export, and import data.
Competitive Landscape: In this section, many global Premium Audio industry-top players have been studied on the basis of their company profile, product portfolio, ability, price, cost, and revenue.
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Table of Contents
1 Premium Audio Market Overview
1.1 Premium Audio Product Overview
1.2 Premium Audio Market Segment by Type
1.2.1 400-1000 Watt
1.2.2 Below 400 Watt
1.2.3 Above 1000 Watt
1.3 Global Premium Audio Market Size by Type
1.3.1 Global Premium Audio Sales and Growth by Type
1.3.2 Global Premium Audio Sales and Market Share by Type (2014-2019)
1.3.3 Global Premium Audio Revenue and Market Share by Type (2014-2019)
1.3.4 Global Premium Audio Price by Type (2014-2019)
2 Global Premium Audio Market Competition by Company
2.1 Global Premium Audio Sales and Market Share by Company (2014-2019)
2.2 Global Premium Audio Revenue and Share by Company (2014-2019)
2.3 Global Premium Audio Price by Company (2014-2019)
2.4 Global Top Players Premium Audio Manufacturing Base Distribution, Sales Area, Product Types
2.5 Premium Audio Market Competitive Situation and Trends
2.5.1 Premium Audio Market Concentration Rate
2.5.2 Global Premium Audio Market Share of Top 5 and Top 10 Players
2.5.3 Mergers & Acquisitions, Expansion
3 Premium Audio Company Profiles and Sales Data
3.1 Panasonic
3.1.1 Company Basic Information, Manufacturing Base and Competitors
3.1.2 Premium Audio Product Category, Application and Specification
3.1.3 Panasonic Premium Audio Sales, Revenue, Price and Gross Margin(2014-2019)
3.1.4 Main Business Overview
3.2 Bose
3.2.1 Company Basic Information, Manufacturing Base and Competitors
3.2.2 Premium Audio Product Category, Application and Specification
3.2.3 Bose Premium Audio Sales, Revenue, Price and Gross Margin(2014-2019)
3.2.4 Main Business Overview
3.3 Sony
3.3.1 Company Basic Information, Manufacturing Base and Competitors
3.3.2 Premium Audio Product Category, Application and Specification
3.3.3 Sony Premium Audio Sales, Revenue, Price and Gross Margin(2014-2019)
3.3.4 Main Business Overview
3.4 Harman International Industries
3.4.1 Company Basic Information, Manufacturing Base and Competitors
3.4.2 Premium Audio Product Category, Application and Specification
3.4.3 Harman International Industries Premium Audio Sales, Revenue, Price and Gross Margin(2014-2019)
3.4.4 Main Business Overview
3.5 Pioneer
3.5.1 Company Basic Information, Manufacturing Base and Competitors
3.5.2 Premium Audio Product Category, Application and Specification
3.5.3 Pioneer Premium Audio Sales, Revenue, Price and Gross Margin(2014-2019)
3.5.4 Main Business Overview
3.6 Alpine Electronics
3.6.1 Company Basic Information, Manufacturing Base and Competitors
3.6.2 Premium Audio Product Category, Application and Specification
3.6.3 Alpine Electronics Premium Audio Sales, Revenue, Price and Gross Margin(2014-2019)
3.6.4 Main Business Overview
3.7 JVC Kenwood
3.7.1 Company Basic Information, Manufacturing Base and Competitors
3.7.2 Premium Audio Product Category, Application and Specification
3.7.3 JVC Kenwood Premium Audio Sales, Revenue, Price and Gross Margin(2014-2019)
3.7.4 Main Business Overview
3.8 Bowers & Wilkins
3.8.1 Company Basic Information, Manufacturing Base and Competitors
3.8.2 Premium Audio Product Category, Application and Specification
3.8.3 Bowers & Wilkins Premium Audio Sales, Revenue, Price and Gross Margin(2014-2019)
3.8.4 Main Business Overview
3.9 Clarion
3.9.1 Company Basic Information, Manufacturing Base and Competitors
3.9.2 Premium Audio Product Category, Application and Specification
3.9.3 Clarion Premium Audio Sales, Revenue, Price and Gross Margin(2014-2019)
3.9.4 Main Business Overview
3.10 Sound United
3.10.1 Company Basic Information, Manufacturing Base and Competitors
3.10.2 Premium Audio Product Category, Application and Specification
3.10.3 Sound United Premium Audio Sales, Revenue, Price and Gross Margin(2014-2019)
3.10.4 Main Business Overview
3.11 Rockford
3.12 Focal-JMLab
3.13 McIntosh Laboratory
3.14 Dynaudio
3.15 Bang & Olufsen
3.16 Meridian Audio
4 Premium Audio Market Status and Outlook by Regions
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