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Automotive Premium Audio System Market to Grow by USD 9.6 Billion (2024-2028), Driven by Enhanced Sound Quality and AI-Powered Market Evolution – Technavio

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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..

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Automotive Premium Audio System Market Scope

Report Coverage

Details

Base year

2023

Historic period

2017 – 2021

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 6.86%

Market growth 2024-2028

USD 9.6 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

6.15

Regional analysis

Europe, APAC, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 30%

Key countries

US, China, Germany, France, and Japan

Key companies profiled

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.

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 performance experience. Bose utilized multiple small speakers instead of large ones to ensure every occupant hears the full range of frequencies. Quality amplification, speakers, and digital signal processing are crucial for routing correct frequencies to the right locations, enhancing sound quality. These innovations contribute significantly to the expansion of the global automotive premium audio system market. 

The Automotive Premium Audio System market is witnessing significant trends in the areas of aesthetics, aftermarket solutions, and alternative audio sources. Connected cars and vehicles are becoming the norm, with Amazon Alexa, Google Assistant, Apple CarPlay, and Android Auto leading the charge. Bluetooth connectivity, CD players, and car speakers continue to be essential hardware components. Amplifiers and head units offer improved audio experiences, while firmware updates ensure the latest audio features. Audiobooks, Blu-ray/DVD drives, and cost reduction through extended warranties are other key trends. Competing technologies, such as EVs, bring new challenges and opportunities. The competitive framework is shaped by customer loyalty, connectivity options, and environmental awareness. High initial investment and fleet management services are also factors influencing market growth. 

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 Market Challenges

Premium automotive audio systems provide a superior in-car listening experience through advanced acoustics and tuning technology. These systems often feature 3D surround sound with a 5.1 channel configuration. However, the high cost of manufacturing, which ranges from USD1,500 to USD7,000, poses a significant challenge for automotive manufacturers. Some offer these systems as optional fitments, such as Cadillac’s Bose Panaray audio system for USD3,400. German-based Burmester Audiosysteme offers 3D sound systems for Daimler and Porsche, with prices exceeding USD3,000 for the C-class and over USD8,000 for the S-class. Bowers and Wilkins offers premium audio systems in BMW’s 5-series and 7-series for USD3,400 to USD4,500, while Audi’s Bang and Olufsen system costs around USD6,000 with 23 speakers. The high cost may hinder market growth during the forecast period.The Automotive Premium Audio System market is experiencing significant movements, with key trends including multi-channel amplifiers, music streaming, and navigation systems. Outside data sources, OTA upgrades, and podcasts are also gaining popularity. However, policy uncertainty and supply chain disruptions pose challenges. Restraining factors include public perception and regulatory support. Sales channels are expanding to include smart automobiles and vehicle functions. Technology advancements bring voice assistants, surround sound, and Wi-Fi connectivity. Premium sound systems, speakers, subwoofers, and streaming services are essential components. Vehicle Assist services and Radio remain important, but technology evolution is crucial for well-informed choices. Restraining factors must be addressed to ensure market growth.

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Segment Overview 

This automotive premium audio system market report extensively covers market segmentation by  

Application 1.1 Luxury cars1.2 Mid-segment carsType 2.1 Speaker2.2 Amplifier2.3 OthersGeography 3.1 Europe3.2 APAC3.3 North America3.4 South America3.5 Middle East and Africa

1.1 Luxury cars-  The Automotive Premium Audio System market is experiencing significant growth due to increasing consumer demand for high-quality in-car audio experiences. Major automakers are investing in advanced audio technologies, such as digital signal processing and active noise cancellation, to enhance the listening experience. Additionally, the integration of smartphone connectivity and voice control features is driving market expansion. Overall, the market is expected to continue growing as consumers seek more enjoyable and convenient driving experiences.

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Research Analysis

The Automotive Premium Audio System market is experiencing significant growth due to the increasing demand for in-car entertainment and connectivity. Aftermarket solutions are gaining popularity as they offer cost-effective alternatives to original equipment manufacturer (OEM) systems. Advanced audio features such as Amazon Alexa and Google Assistant integration, Bluetooth connectivity, and connectivity options like Android Auto and Apple CarPlay are driving market growth. Customized playlists and hands-free calling add to the in-car entertainment experience. Firmware updates and software enhancements keep the systems up-to-date with the latest audio entertainment and connected car technologies. Favorable government policies and fleet management services are also contributing to the market’s growth trajectory. Cost reduction and customer loyalty are key benefits of premium audio systems, making them an attractive investment for both consumers and automakers. Audiobooks and amplifiers are additional features that enhance the overall audio system experience.

Market Research Overview

The Automotive Premium Audio System market is experiencing significant growth as consumers seek excellent audio experiences in their vehicles. Aesthetics play a crucial role in this market, with car designers integrating audio systems seamlessly into car interiors. Aftermarket solutions offer alternative audio sources, such as Bluetooth connectivity, CD players, and even Amazon Alexa and Google Assistant integration. Connected cars and electric vehicles (EVs) are driving the demand for premium audio systems, with features like hands-free calling, music streaming, and navigation systems becoming essential. The market is competitive, with various hardware components, such as amplifiers and head units, vying for market share. Competing technologies, such as competing infotainment systems and EV infrastructure limitations, pose challenges. However, the industry’s growth potential is significant, with cost reduction through software upgrades, customized playlists, and fleet management services attracting customer loyalty. The market’s infrastructure and regulatory support are crucial for its continued growth, with industry movements and patterns shaping its future trajectory.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationLuxury CarsMid-segment CarsTypeSpeakerAmplifierOthersGeographyEuropeAPACNorth AmericaSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Chemours Announces Dates for Third Quarter 2026 Earnings Release and Webcast Conference Call

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WILMINGTON, Del., Oct. 21, 2026 /PRNewswire/ — The Chemours Company (“Chemours” or “the Company”) (NYSE: CC) today announced that the Company expects to issue its third quarter 2026 financial results after market on Monday, November 2, 2026.

The Company expects to hold its conference call to discuss its third quarter 2026 financial results at 8:00 a.m. Eastern Standard Time on Tuesday, November 3, 2026. The call is open to the public and can be accessed via the webcast information below. The webcast and materials can be accessed by visiting the “Events and Presentations” section of the Investor Relations section of Chemours’ website at investors.chemours.com.

Conference Call: Please visit investors.chemours.com for a link to the live webcast and to view the accompanying slides.

Replay: A webcast replay will be available at investors.chemours.com.

About The Chemours Company
The Chemours Company (NYSE: CC) is a global leader in providing industrial and specialty chemicals products for markets, including coatings, plastics, refrigeration and air conditioning, transportation, semiconductor and advanced electronics, general industrial, and oil and gas. Through our three businesses – Thermal & Specialized Solutions, Titanium Technologies, and Advanced Performance Materials – we deliver application expertise and chemistry-based innovations that solve customers’ biggest challenges. Our flagship products are sold under prominent brands such as Opteon™, Freon™, Ti-Pure™, Nafion™, Teflon™, Viton™, and Krytox™. Headquartered in Wilmington, Delaware and listed on the NYSE under the symbol CC, Chemours has approximately 5,700 employees and 28 manufacturing sites and serves approximately 2,400 customers in approximately 110 countries. For more information, visit chemours.com or follow us on LinkedIn. 

CONTACTS:

INVESTORS
Brandon Ontjes
Vice President, Head of Strategy & Investor Relations
+1.302.773.3300 
investor@chemours.com 

NEWS MEDIA
Cassie Olszewski
Media Relations & Reputation Leader
+1.302.219.7140
media@chemours.com  

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SOURCE The Chemours Company

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AGEDB Announces Preliminary Technical Evaluation of Graph Database and AI Data Platform Opportunities

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VANCOUVER, BC, Oct. 21, 2026 /CNW/ — AGEDB Technology Ltd. (TSXV: AGET) (“AGEDB” or the “Company”) announces that it is evaluating opportunities to re-engage in its historical graph database business area through preliminary architectural design and technical assessment of potential AI data platform applications, following its entry, on September 16, 2026, into a memorandum of understanding (the “MOU”) with a Korea-listed company exploring opportunities to enter the AI sector (the “Korean Company”).

The Company previously disclosed that it had discontinued its graph database management system operations during the year ended April 30, 2025 and was seeking new business opportunities. The Company is now assessing potential opportunities to leverage its existing Apache AGE-related technology and experience. These preliminary evaluations should not be interpreted as a resumption of full-scale development or commercial operations.

Under the MOU, AGEDB and the Korean Company contemplate evaluating an integrated package combining locally installed PostgreSQL and Apache AGE relationship-analysis database technology with an AI agent. The MOU also contemplates a separate “Personal AI Operating System” evaluation track, referred to as “AGE Brain,” for potential use in user-controlled computing environments. The proposed applications remain conceptual and subject to further technical and commercial assessment.

The contemplated preliminary work includes architectural design and technical evaluation of approaches to connecting relational data with graph-based relationships and supporting AI-assisted information retrieval and analysis. The parties may consider proof-of-concept testing and pilot activities, but no timeline or commitment to undertake such activities has been established under the MOU.

The MOU has a one-year term. Except for provisions expressly identified as binding, it is non-binding and does not require either party to complete development, launch or commercialize a product, make an investment, commit personnel, pay development fees, or enter into a definitive commercial agreement. Specific project scope, deliverables, schedules, responsibilities, costs and any commercialization terms remain subject to further discussions and, where applicable, separate written agreements. Each party will bear its own evaluation costs unless otherwise agreed in writing.

The Company’s evaluation remains preliminary. No product launch, commercial revenue or definitive commercialization arrangement has been agreed, and there can be no assurance that the parties will proceed with development, that the proposed platform will be completed or commercialized, or that the Company will obtain the resources required to advance the opportunity.

AGEDB may also explore potential collaborations with AI development companies in Korea and other markets, subject to available resources and further assessment.

AGEDB Technology Ltd.

On behalf of the board of directors,

“Jungsoo Kim”
CEO

About AGEDB Technology Ltd.

AGEDB Technology Ltd. is a technology company listed on the TSX Venture Exchange under the symbol “AGET.” The Company is focused on developing and pursuing opportunities in data intelligence, graph database technology and applied artificial intelligence.

Forward-Looking Information

This news release contains forward-looking information, including statements regarding the Company’s development activities, the proposed AI data platform, potential proof-of-concept and pilot activities, and possible future collaborations and commercialization. Forward-looking information is based on management’s current expectations and assumptions and is subject to risks and uncertainties that could cause actual results to differ materially. The memorandum of understanding is generally non-binding, and there can be no assurance that the parties will proceed with or complete any development, pilot, product launch or commercial arrangement, or that AGEDB will enter into additional collaborations. Readers are cautioned not to place undue reliance on forward-looking information. AGEDB undertakes no obligation to update such information except as required by applicable securities laws.

SOURCE AGEDB Technology Ltd.

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Bose Corporation Acquires Skullcandy, Expanding Its Consumer Audio Portfolio to Reach New Audiences

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Acquisition follows a successful partnership between the two companies and advances Bose’s evolution into a multi-brand products and technology company

FRAMINGHAM, Mass. and PARK CITY, Utah, Oct. 21, 2026 /PRNewswire/ — Bose Corporation, a global leader in audio innovation and research, announced today it has acquired Skullcandy, a lifestyle audio brand known for its bold products that bring together sound, style and performance. Bose and Skullcandy have each spent decades finding new ways to bring people closer to the music they love. Together, they’ll combine Bose’s audio expertise, technology and global reach with Skullcandy’s design, understanding of its consumers and authentic community connections to create new products and experiences and accelerate growth.

The acquisition follows a multi-year partnership that has already brought Sound by Bose technology to Skullcandy earbuds and headphones. The companies have seen firsthand how their strengths can come together to create products consumers love while staying true to what makes Skullcandy special, providing a foundation to accelerate further collaboration and innovation.

With a strong position at the intersection of audio, lifestyle and culture, Skullcandy will remain a separate brand within Bose’s Premium Consumer Audio business. Skullcandy’s deep roots in boardsports, including longstanding relationships with passionate supporters of the culture and its athletes, and authentic connections across music, gaming, fitness and other communities present new ways for Bose to meaningfully connect with consumers where it has less presence today.

“For more than 60 years, Bose has been committed to delivering incredible audio experiences however and wherever people choose to listen. As we work to reach even more people, we’re expanding how we do that, not only through Bose products, but through technology partnerships and a growing portfolio of brands,” said Lila Snyder, Chief Executive Officer of Bose Corporation. “As a privately held company, we have the freedom to make bold, long-term investments in opportunities we believe in, and Skullcandy is a great example of that. They have an established, thriving brand, and together we see tremendous opportunity to create new products and experiences and reach more consumers around the world.”

“We believe this is a win for Skullcandy and our fans,” said Brian Garofalow, Chief Executive Officer of Skullcandy. “Skullcandy was born on a chairlift in Park City, Utah, over 20 years ago, and we’ve always believed great music should be part of the experiences people love. Joining Bose gives us the opportunity to make those experiences even better by bringing more of their audio expertise and technology to our products, and it opens up even more ways to take Skullcandy further.”

Bose plans to invest in Skullcandy’s continued growth, providing greater access to technology, resources, global distribution and commercial relationships while giving the brand the freedom to continue evolving in ways that are authentic to its identity and consumers. Skullcandy will continue to be based in Park City, Utah.

Bose acquired Skullcandy from a fund managed by Mill Road Capital Management LLC, a Connecticut-based private investment firm. Jones Day acted as Bose’s legal counsel. Additional information, including financial and other terms of the transaction, will remain confidential.

About Bose Corporation
Bose Corporation is a global leader in audio innovation, driven by a singular belief: sound has the power to transform the way people connect with the world. For more than 60 years, Bose has combined pioneering research, engineering excellence, and a deep understanding of human perception to create products and technologies that deliver extraordinary experiences. Through its portfolio of iconic brands, including Bose, McIntosh, Sonus faber, and Skullcandy, the company offers premium and luxury audio solutions for the home, on the go, and in the car. Bose also collaborates with leading companies across industries, extending its audio expertise and technologies into new products, platforms, and applications beyond its own brands. 

Guided by a relentless spirit of innovation and a passion for what sound makes possible, Bose continues to advance the science and art of sound while expanding its impact on everyday life. From music and entertainment to communication, wellness, and emerging applications, Bose is creating new ways for people around the world to feel more connected, inspired, and engaged through the power of sound.

About Skullcandy
Founded in 2003 on a chairlift in Park City, Utah, Skullcandy is the original lifestyle audio brand. With deep roots in action sports culture, Skullcandy creates headphones, earbuds, and speakers that deliver powerful sound, bold style, and immersive experiences. Designed to move with you—from the mountains to the streets—Skullcandy gear is built to perform and made to stand out. Learn more at www.Skullcandy.com.

Contact

Joanne Berthaume
Joanne_berthaume@bose.com

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SOURCE Bose Corporation

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