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Global and China Automotive Premium Audio Systems Market Insights, Forecast to 2027
SKU ID : QYR-18668775 | Publishing Date : 30-Jun-2021 | No. of pages : 140
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Automotive premium audio systems deliver high-performance sound experience using several audio speakers, woofers, and other components. They have features like surround sound, eight or more speakers, and powerful amplification of 450 watts or more.
In terms of product segment, the 400-600 Watt Audio Systems product has a share over 80% in 2019.
Automotive Premium Audio Systems is widely used for OEM and Aftermarket. The proportion of OEM is over 88% and Aftermarket consumption will keep higher growth in the future.
North America is the largest consumption place, with a consumption market share nearly 32% in 2019 with shipment over 4 million units. Following Europe and Asia-Pacific are the also largest consumption places in the world. Asia-Pacific. In addition, Asia-Pacific, especially China, India will witness the fastest growth on the global front.
Market competition is intense. HARMAN, Bose, Sony, Pioneer, Clarion are the leaders of the industry, and they hold key technologies and patents, with high-end customers; have been formed in the monopoly position in the industry. The market is relatively concentrated. Top ten players account for about 94% of the market.
Market Analysis and Insights: Global and China Automotive Premium Audio Systems Market
This report focuses on global and China Automotive Premium Audio Systems market.
In 2020, the global Automotive Premium Audio Systems market size was US$ 4507.6 million and it is expected to reach US$ 6059.5 million by the end of 2027, with a CAGR of 4.3% during 2021-2027. In China the Automotive Premium Audio Systems market size is expected to grow from US$ XX million in 2020 to US$ XX million by 2027, at a CAGR of XX% during the forecast period.
Global Automotive Premium Audio Systems Scope and Market Size
Automotive Premium Audio Systems market is segmented by region (country), players, by Type, and by Application. Players, stakeholders, and other participants in the global Automotive Premium Audio Systems market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2016-2027.
For China market, this report focuses on the Automotive Premium Audio Systems market size by players, by Type, and by End Use, for the period 2016-2027. The key players include the global and local players which play important roles in China.
Segment by Type
400-600 Watt Audio Systems
Above 600 Watt Audio Systems
Segment by End Use
OEM
Aftermarket
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
By Company
HARMAN
Bose
Sony
Pioneer
Clarion
Alpine Electronics
Panasonic
Vervent Audio Group
Denso Ten
Dynaudio
Burmester Audiosysteme
In terms of product segment, the 400-600 Watt Audio Systems product has a share over 80% in 2019.
Automotive Premium Audio Systems is widely used for OEM and Aftermarket. The proportion of OEM is over 88% and Aftermarket consumption will keep higher growth in the future.
North America is the largest consumption place, with a consumption market share nearly 32% in 2019 with shipment over 4 million units. Following Europe and Asia-Pacific are the also largest consumption places in the world. Asia-Pacific. In addition, Asia-Pacific, especially China, India will witness the fastest growth on the global front.
Market competition is intense. HARMAN, Bose, Sony, Pioneer, Clarion are the leaders of the industry, and they hold key technologies and patents, with high-end customers; have been formed in the monopoly position in the industry. The market is relatively concentrated. Top ten players account for about 94% of the market.
Market Analysis and Insights: Global and China Automotive Premium Audio Systems Market
This report focuses on global and China Automotive Premium Audio Systems market.
In 2020, the global Automotive Premium Audio Systems market size was US$ 4507.6 million and it is expected to reach US$ 6059.5 million by the end of 2027, with a CAGR of 4.3% during 2021-2027. In China the Automotive Premium Audio Systems market size is expected to grow from US$ XX million in 2020 to US$ XX million by 2027, at a CAGR of XX% during the forecast period.
Global Automotive Premium Audio Systems Scope and Market Size
Automotive Premium Audio Systems market is segmented by region (country), players, by Type, and by Application. Players, stakeholders, and other participants in the global Automotive Premium Audio Systems market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2016-2027.
For China market, this report focuses on the Automotive Premium Audio Systems market size by players, by Type, and by End Use, for the period 2016-2027. The key players include the global and local players which play important roles in China.
Segment by Type
400-600 Watt Audio Systems
Above 600 Watt Audio Systems
Segment by End Use
OEM
Aftermarket
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
By Company
HARMAN
Bose
Sony
Pioneer
Clarion
Alpine Electronics
Panasonic
Vervent Audio Group
Denso Ten
Dynaudio
Burmester Audiosysteme
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
