LONDON--(BUSINESS WIRE)--According to the market research report released by Technavio, the global automotive premium audio system market is expected to post a CAGR of nearly 6% during the forecast period. However, the growth momentum of the market is expected to decelerate due to a decline in the year-over-year growth.
This research report titled ‘Global Automotive Premium Audio System Market 2018-2022’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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The market research analysis categorizes the global automotive premium audio system market into the following applications:
- Luxury cars
- Mid-size passenger cars
In 2017, the luxury cars segment accounted for 51% of the global market and is projected to decline to 42% by 2022, exhibiting almost 9% decrease in market share.
Global automotive premium audio system market: Top emerging trend
Development of new in-car audio entertainment to give 360-degree listening is an emerging trend in the automotive premium audio system market space. Automotive entertainment systems evolved tremendously in the past decades with the emergence of the digital music revolution in the 2000s. With a music control system, drivers can use voice commands to control in-vehicle audio and select music from a playlist. All these developments have made in-car audio entertainment more personalized
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Technavio’s report provides expert market research on the following topics:
- Market Outline
- Global Automotive Premium Audio System Market Overview
- Market Sizing and Forecasts
- Market Growth
- Market Drivers and Challenges
- Key Emerging Trends
Market Segmentation Analysis
- Regional comparison (APAC, Americas, and EMEA)
- Key leading countries
- Market segmentation by application (luxury cars and mid-size passenger cars)
- Vendor classification
- Market positioning of vendors
- Competitive scenario
- Analysis of top vendors (Bose, Bowers & Wilkins, Burmester Audiosysteme, Alpine Electronics, HARMAN International, and Sony)
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