Global Automotive Premium Audio System Market 2018-2022 with Bose, Bowers & Wilkins, Burmester Audiosysteme, Alpine Electronics, Harman International & Sony Dominating - ResearchAndMarkets.com
Aug. 10, 2018
DUBLIN--(BUSINESS WIRE)--Aug 10, 2018--The "Global Automotive Premium Audio System Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.
The global automotive premium audio system market is to register a CAGR of 5.73% during the period 2018-2022.
Global Automotive Premium Audio System Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is development of 34-speaker premium audio system. Automotive premium audio system consists of more than eight audio speakers, which are fitted in the vehicle locations to create superior sound environment. Bose has developed Bose Panaray audio system for Cardillac CT6 model that has 34 speakers positioned at 19 locations inside the car.
According to the report, one driver in the market is improved sound quality and control. Time spent in passenger cars by consumers is increasing due to traffic congestion and increase in daily work commute by personal vehicles. Hence, audio systems have become important equipment for drivers and occupants for in-car entertainment.
Further, the report states that one challenge in the market is high cost associated with premium audio system. The high cost of premium audio systems is one of the major challenges for the market. Automotive manufacturers have to either keep their profit margins low or shift the pressure onto consumers because of the high manufacturing costs.
Key vendorsBose Bowers & Wilkins Burmester Audiosysteme Alpine Electronics HARMAN International Sony
Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPEMarket ecosystem Market characteristics Market segmentation analysis
PART 05: MARKET SIZING 2017-2022Market definition Market size and forecast 2017-2022
PART 06: FIVE FORCES ANALYSISBargaining power of buyers Bargaining power of suppliers Threat of new entrants Threat of substitutes Threat of rivalry Market condition
PART 07: MARKET SEGMENTATION BY APPLICATIONComparison by application Luxury cars Mid-size passenger cars Market opportunity by application
PART 08: CUSTOMER LANDSCAPE
PART 09: REGIONAL LANDSCAPEGeographical segmentation Regional comparison Market opportunity
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
PART 12: MARKET TRENDSDevelopment of new in-car audio entertainment to give 360-degree listening Development of 34-speaker premium audio system Development of speaker-less automotive audio system Growing popularity of integrated speakers in headrest
PART 13: VENDOR LANDSCAPE
PART 14: VENDOR ANALYSISVendors covered Vendor classification Market positioning of vendors
For more information about this report visit https://www.researchandmarkets.com/research/xd43f7/global_automotive?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180810005205/en/
Laura Wood, Senior Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics:In Car Entertainment Systems ,Telematics and Vehicle Electronics,Audio Equipment
INDUSTRY KEYWORD: AUTOMOTIVE AFTERMARKET
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 08/10/2018 08:24 AM/DISC: 08/10/2018 08:24 AM