Report overview
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.
This report aims to provide a comprehensive presentation of the global market for Automotive Premium Audio Systems, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Automotive Premium Audio Systems. This report contains market size and forecasts of Automotive Premium Audio Systems in global, including the following market information:
Global Automotive Premium Audio Systems Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Automotive Premium Audio Systems Market Sales, 2018-2023, 2024-2029, (K Units)
Global top five Automotive Premium Audio Systems companies in 2022 (%)
The global Automotive Premium Audio Systems market was valued at US$ 4843.2 million in 2022 and is projected to reach US$ 6422.8 million by 2029, at a CAGR of 4.1% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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.
We surveyed the Automotive Premium Audio Systems manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Automotive Premium Audio Systems Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Automotive Premium Audio Systems Market Segment Percentages, by Type, 2022 (%)
400-600 Watt Audio Systems
Above 600 Watt Audio Systems
Global Automotive Premium Audio Systems Market, by End Use, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Automotive Premium Audio Systems Market Segment Percentages, by End Use, 2022 (%)
OEM
Aftermarket
Global Automotive Premium Audio Systems Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Automotive Premium Audio Systems Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Automotive Premium Audio Systems revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Automotive Premium Audio Systems revenues share in global market, 2022 (%)
Key companies Automotive Premium Audio Systems sales in global market, 2018-2023 (Estimated), (K Units)
Key companies Automotive Premium Audio Systems sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
HARMAN
Bose
Sony
Pioneer
Clarion
Alpine Electronics
Panasonic
Vervent Audio Group
Denso Ten
Dynaudio
Burmester Audiosysteme
Outline of Major Chapters:
Chapter 1: Introduces the definition of Automotive Premium Audio Systems, market overview.
Chapter 2: Global Automotive Premium Audio Systems market size in revenue and volume.
Chapter 3: Detailed analysis of Automotive Premium Audio Systems manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by end use, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Automotive Premium Audio Systems in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Automotive Premium Audio Systems capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
