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Automotive Premium Audio System Market- Industry Dynamics, Market Size, And Opportunity Forecast To 2030

Global Automotive Premium Audio System Market- (By Type - 8 Speakers, 12 Speakers, 18 Speakers, and More than 24 Speakers; By Application – Passenger Vehicle and Commercial Vehicle; and By Region) - Industry Dynamics, Market Size and Opportunity Forecast, 2030

  • Published On: 04-Mar-2022  |  Format: pdfpowerpointexcel  |  Report ID: AA0322160
    Delivery: 2 to 4 Hours
INFOGRAPHIC:
Automotive Premium Audio System Market

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REPORT SCOPE

Report AttributeDetails
Market Size Value in 2021US$ 11,317.6 Mn
Expected Revenue in 2030US$ 27,808.9 Mn
Historic Data2017-2020
Base Year2021
Forecast Period2022-2030
UnitValue (USD Mn)
CAGR9.5% 
Segments coveredBy Tool Type, Application, and End Users.
Key CompaniesAlpine Electronics, Inc., Bang & Olufsen (B&O), Harman International, Bose Corporation, JBL, and other prominent players.
Customization ScopeGet your customized report as per your preference. Ask for customization

FREQUENTLY ASKED QUESTIONS

Premium audio system in automotive are not only limited to playing radio and music, but also include diagnostic and in-vehicle services, car telematics, hands-free calling and e-call and telecommunication and navigation services.

They have features like surround sound, eight or more speakers, and powerful amplification of 450 watts or more.

Global Automotive Premium Audio System Market was valued at US$ 11,317.6 Mn in 2021.

Global Automotive Premium Audio System Market is estimated to expand at a CAGR of 9.5% over the forecast period.

The growing impetus of the automotive premium audio system market is attributed to factors such as increasing number of hours spent in car due to traffic congestion, technological advancement in premium audio systems and increasing demand of onboard infotainment systems in public transport facilities.

The high cost of premium audio systems for automotive restraints the market growth. 

The 12 speakers type hold the maximum share in the automotive premium audio system market in 2021.

Passenger vehicle segment automotive premium audio system market in 2021.

Asia Pacific dominates the Global Automotive Premium Audio System Market.

The key players in the Global Automotive Premium Audio System Market are Bose, Harman Kardon, Sony, JBL, and Burmester among others. 

COVID-19 pandemic led to a sharp decline in the production and sales of automotive, thereby hampering the market growth of premium audio systems.