Vehicles are equipped with luxury audio systems for entertainment purposes. It comes with a 10-speaker system that includes four mid-range speakers, four titanium dome tweeters, and a 20-centimeter subwoofer. Better sound control capabilities, such as digital time correction and parametric equalization, are among the benefits of an automotive premium audio system. Consumers and drivers will find it easier to control the audio system with these features.
Globally, rising traffic congestion, particularly in metro
cities, is directly increasing the amount of hours spent in cars, as well as
the use of audio systems in cars. According to a survey published by the Texas
A&M Transportation Institute, the average amount of hours spent in traffic
in the United States is roughly 54 additional hours per year due to traffic
delays as of August 2019. Because of the increased demand for high-quality
audio, many prefer premium audio systems in their vehicles.
Because of the growing number of passenger vehicles on the
road, the passenger vehicle segment is expected to achieve a market volume of
roughly 21,700 thousand units by 2025. During the COVID-19 pandemic, the
segment also had lower growth reductions than the commercial vehicle segment.
According to the Society of Indian Automobile Manufacturers, passenger car
sales fell 2.24 percent from April to March 2021, while commercial vehicle
sales fell 20.77 percent.
Due to rising passenger car sales, the passenger car sector
accounted for the largest proportion of the worldwide automotive
premium audio system market in 2017. According to OICA, the
total number of vehicles created worldwide in 2016 was 94 million units, with
72 million units being passenger cars, accounting for almost 75% of total
vehicle production. As a result of increased passenger car production, luxury
audio systems are increasingly installed in these vehicles. In comparison to
normal audio systems, premium audio systems provide greater sound quality.
Furthermore, for a theater-like experience, some premium audio systems include
noise cancellation to shut out undesired exterior noise and vibrations. As a
result of these reasons, the car premium audio market is predicted to develop.