Christy Publications Automotive Premium Audio System Market

Automotive Premium Audio System Market Analysis with
Basis of Revenue Source Till 2026
Automotive Premium Audio System Market study provides key insights
about market drivers, restraints, opportunities, new product launches or
approval, regional outlook, and competitive strategies adopted by the
leading players.
Automotive premium audio system is installed in vehicles for entertainment purpose. It includes
10-speaker system with four mid-range speakers, four titanium dome tweeters, and a 20 cm
subwoofer. Automotive premium audio system offers advantages such as better sound
controlling capabilities that include digital time correction and parametric equalization. These
features make it easier for consumers or drivers to control the audio system.
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Market Driver:
Significant growth in vehicle sales worldwide is a major factor propelling demand for automotive
premium audio system. For instance, according to International Organization of Motor Vehicle
Manufacturers’ (OICA) statistics, the total number of vehicles sold in 2016 was 94 million units,
which increased to 96 million units in 2017 worldwide. Rapid urbanization and increasing
disposable income of consumers are some of the factors that propel demand for luxury cars,
which in turn leads to growing installation of premium audio systems. Moreover, automotive