Technavio has been monitoring the automotive premium audio system market and it is poised to grow by USD 13.86 billion during 2020-2024, progressing at a CAGR of over 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced the latest market research report titled Global Automotive Premium Audio System Market 2020-2024 (Graphic: Business Wire)
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The market is concentrated, and the degree of concentration will accelerate during the forecast period. Alpine Electronics Inc., B&W Group Ltd., Bang & Olufsen AS, Bose Corp., Burmester Audiosysteme GmbH, Dirac Research AB, Koninklijke Philips NV, Panasonic Corp., Sony Corp., and Stillwater Designs, are some of the major market participants. Although improved sound quality and control will offer immense growth opportunities, high cost associated with premium audio systems will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Improved sound quality and control has been instrumental in driving the growth of the market. However, high cost associated with premium audio systems might hamper the market growth.
Automotive Premium Audio System Market 2020-2024: Segmentation
Automotive Premium Audio System Market is segmented as below:
- Luxury Cars
- Mid-size Passenger Cars
- North America
- South America
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Automotive Premium Audio System Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our automotive premium audio system market report covers the following areas:
- Automotive Premium Audio System Market Size
- Automotive Premium Audio System Market Trends
- Automotive Premium Audio System Market Industry Analysis
This study identifies the development of speaker-less automotive audio system as one of the prime reasons driving the automotive premium audio system market growth during the next few years.
Automotive Premium Audio System Market 2020-2024: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the automotive premium audio system market, including some of the vendors such as Alpine Electronics Inc., B&W Group Ltd., Bang & Olufsen AS, Bose Corp., Burmester Audiosysteme GmbH, Dirac Research AB, Koninklijke Philips NV, Panasonic Corp., Sony Corp., and Stillwater Designs. Backed with competitive intelligence and benchmarking, our research reports on the automotive premium audio system market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Automotive Premium Audio System Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist automotive premium audio system market growth during the next five years
- Estimation of the automotive premium audio system market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the automotive premium audio system market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of automotive premium audio system market vendors
Table Of Contents:
- Market ecosystem
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019-2024
Five Forces Analysis
- Five Forces Summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Application
- Market segments
- Comparison by Application
- Luxury cars – Market size and forecast 2019-2024
- Mid-size passenger cars – Market size and forecast 2019-2024
- Market opportunity by Application
- Geographic segmentation
- Geographic comparison
- APAC – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- North America – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Vendor landscape
- Landscape disruption
- Vendors covered
- Market positioning of vendors
- Alpine Electronics Inc.
- B&W Group Ltd.
- Bang & Olufsen AS
- Bose Corp.
- Burmester Audiosysteme GmbH
- Dirac Research AB
- Koninklijke Philips NV
- Panasonic Corp.
- Sony Corp.
- Stillwater Designs
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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