NEW YORK , Oct. 2, 2024 /PRNewswire/ -- Report on how AI is driving market transformation - The Global Automotive Premium Audio System Market size is estimated to grow by USD 9.6 billion from 2024-2028, according to Technavio.
The market is estimated to grow at a CAGR of over 6.86% during the forecast period. Improved sound quality and control is driving market growth, with a trend towards development of 34- speaker premium audio systems However, high cost associated with premium audio systems poses a challenge.
Key market players include Alps Alpine Co. Ltd., Bang and Olufsen Group, Bose Corp.
, Boston Acoustics Inc., Bowers and Wilkins, Burmester Audiosysteme GmbH, Cerwin Vega , Dirac Research AB, Goertek Inc., JL Audio Inc.
, JVCKENWOOD Corp., Koninklijke Philips N.V.
, Meridian Audio Ltd., Nimble Holdings Co. Ltd.
, Panasonic Holdings Corp., Pioneer Corp., Samsung Electronics Co.
Ltd., Sony Group Corp., Stellantis NV, and Stillwater Designs and Audio Inc.
. Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View the snapshot of this report Market Driver The automotive premium audio system market is experiencing growth due to advancements in in-vehicle sound technology.
Bose, a leading audio system manufacturer, introduced the Bose Panaray system in the Cadillac CT6 model, featuring 34 speakers at 19 locations. These speakers are controlled through the Cadillac User Experience interface, aiming to deliver a live music p.