Global Premium Audio Market to Register a CAGR of 7.1% by 2025

Publisher: QYResearch
Published Date: 2019/8/2

The global premium audio market will witness significant growth due to the increasing popularity for in-vehicle entertainment systems over the forecast period. Rapidly shifting inclination of the automotive industry towards systems providing luxury and comfort is one of the key factors augmenting the market growth. Leading manufacturers are increasingly integrating innovative technologies, processors, and microchips with the latest audio systems. Some of the players in automotive entertainment are developing systems, which have the potential to deliver wireless and wired connectivity with the function of a hotspot in the main unit. Such integrated audio systems will provide lucrative growth opportunities for the premium audio market in the coming years.

In addition, some of the premium audio systems have the features of noise cancellation that blocks unwanted noise and vibrations to provide theater-like experience. Furthermore, manufacturers are preparing their models with premium audio systems that enhance the features of sound quality and control, thereby aiding market growth.

As per the report, the global premium audio market will register a robust CAGR of 7.1% throughout the forecast period of 2019-2025. The market is likely to reach US$10.8 bn by 2025 from US$6680 mn in the year 2018.

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https://www.qyresearch.com/index/detail/1063372/global-premium-audio-market
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