The global automotive premium audio system market to grow at a CAGR of 14.83% during the period 2017-2021.
Global Automotive Premium Audio System Market 2017-2021, 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. To calculate the market size, the report is based on factory fitment. Furthermore, to calculate the market size based on geography, a top-down approach is used, on the basis of overall automotive premium audio system application.
The latest trend gaining momentum in the market is use of audio system as WLAN hotspot enabling 24/7 connectivity. Modern automotive audio systems are now capable of delivering more than music. Developers of automotive entertainment system are developing systems that have the capability of delivering wired and wireless connectivity with the integration of hotspot in the main unit. This has allowed portable Wi-Fi for improved and uninterrupted connectivity.
According to the report, one of the major drivers for this market is improved quality of sound systems through digital signal processors. The integration of advanced digital processors and microchips within the head units of modern audio systems has been driving the premium audio system in the automotive market. These microprocessors and chips are helping in improving the sound quality of the system and thereby making the system more premium in function.
Key Market Drivers:
Growing integration of digitalized content with advanced audio-visual navigation system;
Use of audio system as WLAN hotspot enabling 24/7 connectivity;
Development of MOST technology to ease upgrades of future infotainment systems;
Enhanced sound with integrated speakers in driver seat headrest;
Rising adoption of advanced audio system in mid-segment vehicles.
Alpine Electronics Bang & Olufsen Bose Burmester Audiosysteme HARMAN
Other Prominent Vendors:
Blaupunkt Boston Acoustics Bowers & Wilkins Clarion Dynaudio McIntosh Laboratory Meridian Audio Pioneer
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by vehicle type
Part 07: Geographical segmentation
Part 08: Market drivers
Part 09: Market challenges
Part 10: Market trends
Part 11: Vendor landscape
Part 12: Key vendor analysis
Part 13: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/83bktw/global_automotive
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SOURCE Research and Markets