1 / 3

Automotive Premium Audio System Market Poised to Achieve Significant Growth in the Years to Come

Rapid growth of the automotive sector, increasing sales of electric cars, and growing preference of consumers for vehicle customization are some of the factors that are expected to significantly impact growth of the global automotive premium audio system market. For instance, according to the IEA International Energy Agency analysis, total number of electric cars on the road surpassed 3 million worldwide, an expansion of over 50% from 2016.<br>

marketworld
Download Presentation

Automotive Premium Audio System Market Poised to Achieve Significant Growth in the Years to Come

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Automotive Premium Audio System Market Poised to Achieve Significant Growth in the Years to Come Automotive Premium Audio System Market research provides industry analysis by type, manufacturer, application along with key factors influencing the growth of the market which include growth drivers, restraints, opportunities and challenges, strategically profile key players and comprehensively analyze their market share and core competencies. The global automotive premium audio system market was valued at US$ 98.5 billion in 2017 and is expected to increase to US$ 127.6 billion by 2026, registering a CAGR of 2.7% over the forecast period from 2018 to 2026, according to Automotive Premium Audio System Market Report, by Product Type (6 Disc, 8 Disc, 10 Disc, and 12 Disc), by Application (Passenger Cars and Commercial Vehicles), by Sales Channel Type (Original Equipment Manufacturer and After Market), and by Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) published by Coherent Market Insights. Download PDF Brochure @ https://www.coherentmarketinsights.com/insight/request-pdf/2318 Rapid growth of the automotive sector, increasing sales of electric cars, and growing preference of consumers for vehicle customization are some of the factors that are expected to significantly impact growth of the global automotive premium audio system market. For instance, according to the IEA International Energy Agency analysis, total number of electric cars on the road surpassed 3 million worldwide, an expansion of over 50% from 2016. Moreover, development of new audio systems that offer 360-degree listening and increasing demand for self-driving cars that are incorporated with various systems based

  2. on Artificial Intelligence technology are also expected to boost the market growth. 360 degree speakers such as Harman Control 80 Series Landscape Loudspeakers provide excellent full-range sound quality and 360-degree coverage. This sound system block surrounding noise to deliver high-quality. Moreover, this premium audio system can be voice-controlled. Therefore, these factors are expected to propel growth of the automotive premium audio system market. Browse More @ https://www.coherentmarketinsights.com/market-insight/automotive-premium-audio-system-market-2318 Key Trends and Analysis of the Global Automotive Premium Audio System Market: The automotive premium audio system market in Europe is expected to witness significant growth over the forecast period. This is owing to increasing sales of passenger cars, especially in countries such as Germany and the U.K. For instance, according to OICA, in 2016, around 3,351,607 units of passenger cars were sold in Germany, which increased to 3,442,100 units in 2017.  Asia Pacific is expected to be the fastest growing market in the automotive premium audio system market over the forecast period. Increasing production of vehicles and high demand for electric vehicles in economies such as China and Japan are expected to drive growth of the market in Asia Pacific. According to the International Energy Agency’s Global EV Outlook, China led the electric vehicles market in 2016, accounting for sales of over 40% of the electric cars worldwide. Therefore, increasing sales of electric vehicles is expected to propel demand for automotive premium audio system, thereby boosting the market growth over the forecast period.  Major players operating in the global automotive premium audio system market include, Bose Corporation, Bowers & Wilkins, Harman International Industries, Inc., Klipsch Audio Technologies, Bang & Olufsen, Alpine Electronics, Inc., Sonos, Onkyo Corporation, Panasonic Automotive System, Blaupunkt GmbH, and QSC, LLC. About Coherent Market Insights: Coherent Market Insights is a prominent market research and consulting firm offering action- ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity. Contact Us: Mr. Shah Coherent Market Insights

  3. 1001 4th Ave, #3200 Seattle, WA 98154 Tel: +1-206-701-6702 Email: sales@coherentmarketinsights.com

More Related