Premium Audio Market Size, Share, Trends, Growth, Industry Report 2025
The global Premium Audio market size is valued at 6680 Million USD in 2018 and will reach 10800 Million USD by the end of 2025, growing at a CAGR of 7.1% during 2019-2025.Read Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-31G91/global-premium-audio
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.
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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:
o Panasonic
o Bose
o Sony
o Harman International Industries
o Pioneer
o Alpine Electronics
o JVC Kenwood
o Bowers & Wilkins
o Clarion
o Sound United
o Rockford
o Focal-JMLab
o McIntosh Laboratory
o Dynaudio
o Bang & Olufsen
o Meridian Audio
o Others.
Premium Audio Market size by Product
o 400-1000 Watt
o Below 400 Watt
o Above 1000 Watt
Premium Audio Market size by End User
o Car Use
o Home Theater
o Others
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