Global Automotive Premium Audio Systems market will reach 6812 million US$ by the end of 2025

Publisher: QYResearch

Published Date: 2019/11/14

The global Automotive Premium Audio Systems market was 4714 million US$ in 2018 and is expected to 6812 million US$ by the end of 2025, growing at a CAGR of 5.4% between 2019 and 2025.

With the development of technology, the global average price of Automotive Premium Audio Systems is in the increasing trend, from 379 USD/Unit in 2013 to 392 USD/Unit in 2018.

The classification of Automotive Premium Audio Systems includes 400-600 Watt and above 600 Watt. The proportion of 400-600 Watt is decreasing year by year, and the production proportion of 400-600 Watt is about 90% in 2018.

Automotive Premium Audio Systems is widely used in Luxury Cars and Mid-size Passenger Cars. The most proportion of Luxury Cars is 53.7% and the Consumption in 2018 is 6456 K Units.

North America region is the largest supplier of Automotive Premium Audio Systems, with a production market share nearly 35.2% in 2018. Europe is the second largest supplier of Automotive Premium Audio Systems, enjoying production market share nearly 31.3% in 2018.

Europe is the largest consumption place, with a consumption market share nearly 34.4% in 2018. Following Europe, North America and China are the also largest consumption places in the world. And China is the main export - oriented countries.

Market competition is intense. Panasonic, Bose, Denso Ten, Harman, 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.

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