Global Acoustic Vehicle Alerting System Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Propulsion Type;

Battery Electric Vehicles , Plug-in Hybrid Electric Vehicles and Fuel Cell Electric Vehicles .

By Vehicle Type;

Passenger cars and Commercial vehicles.

By Mounting Position;

Integrated and Separated.

By Electric Two-wheeler Type;

E-Scooter/Moped and E-Motorcycle.

By Sales Channel;

Original Equipment Manufacturer and Aftermarket.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn708571171 Published Date: March, 2024 Updated Date: April, 2024

Introduction

Global Acoustic Vehicle Alerting System Market (USD Million), 2020 - 2030

In the year 2023, the Global Acoustic Vehicle Alerting System Market was valued at USD 3,937.77 million. The size of this market is expected to increase to USD 8,279.12 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 11.2%.

The Global Acoustic Vehicle Alerting System (AVAS) Market has emerged as a pivotal segment within the automotive industry, responding to the increasing need for enhanced safety measures in the context of electric vehicles (EVs) and hybrid vehicles. AVAS plays a crucial role in addressing concerns related to the quiet operation of electric and hybrid vehicles, providing an audible warning to pedestrians and other road users.

The onset of the COVID-19 pandemic had an undeniable impact on various industries, but the electric vehicle market emerged as a resilient sector, experiencing notable growth. This can be attributed to the increasing adoption of mild-hybrid electric vehicles, favorable electric vehicle policies, and proactive government initiatives worldwide. Remarkably, electric vehicle demand remained relatively less affected compared to other segments during the pandemic.

In the medium term, the rise of e-mobility has become a focal point for several countries due to various factors. Issues like traffic congestion and environmental pollution have prompted nations to implement sustainable and green policies, advocating for the use of electric vehicles. Governments in several countries have also mandated the incorporation of acoustic vehicle alerting systems in electric vehicles, expecting substantial growth in this market. Notably, in 2022, the Indian government mandated a sound alert system for vehicles traveling at speeds of 20 Kmph to warn pedestrians. This move addresses the lower noise production of electric vehicles compared to combustion engine-powered cars, minimizing risks to pedestrians in traffic.

The growing demand for vehicle alert systems for electric vehicles, driven by safety concerns and regulatory requirements, is expected to propel significant growth in the market. Government regulations play a pivotal role in this regard. For instance, the European Union stipulates that all new vehicles sold or imported into the EU must be equipped with an Acoustic Vehicle Alerting System (AVAS) by July 1, 2021. Similarly, the United States mandated the inclusion of the acoustic vehicle alert system in all hybrid and electric vehicle production starting from September 2020. These regulations underscore the commitment to enhancing safety standards in the electric vehicle market and are driving increased adoption of AVAS technology.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Propulsion Type
    2. Market Snapshot, By Vehicle Type
    3. Market Snapshot, By Mounting Position
    4. Market Snapshot, By Electric Two-wheeler Type
    5. Market Snapshot, By Sales Channel
    6. Market Snapshot, By Region
  4. Global Acoustic Vehicle Alerting System Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Urbanization and Noise Reduction Trends
        2. Enhanced Vehicle Safety
        3. Automotive OEM Collaborations
        4. Global Expansion of Electric Vehicle Infrastructure
        5. Rising Electric Vehicle Adoption
      2. Restraints
        1. Potential for Alert Fatigue
        2. Compliance Costs and Standardization
        3. Impact on Aesthetics and Branding
        4. Limited Public Awareness
        5. Noise Pollution Concerns
      3. Opportunities
        1. Collaborations with Automakers
        2. Global Regulatory Harmonization
        3. Development of Wearable AVAS Solutions
        4. Integration with Intelligent Transportation Systems
        5. Enhanced User Experience in Intelligent Cockpits
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Acoustic Vehicle Alerting System Market, By Propulsion Type, 2020 - 2030 (USD Million)
      1. BEV
      2. PHEV
      3. FCEV
    2. Global Acoustic Vehicle Alerting System Market, By Vehicle Type, 2020 - 2030 (USD Million)
      1. Passenger cars
      2. Commercial vehicles
    3. Global Acoustic Vehicle Alerting System Market, By Mounting Position, 2020 - 2030 (USD Million)
      1. Integrated
      2. Separated
    4. Global Acoustic Vehicle Alerting System Market, By Electric Two-wheeler Type, 2020 - 2030 (USD Million)
      1. E-Scooter/Moped
      2. E-Motorcycle
    5. Global Acoustic Vehicle Alerting System Market, By Sales Channel, 2020 - 2030 (USD Million)

      1. Original Equipment Manufacturer
      2. Aftermarket
    6. Global Acoustic Vehicle Alerting System Market, By Geography, 2020 - 2030 (USD Million)

      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Harman (Samsung)
      2. Delphi
      3. Mando-Hella Electronics Corp
      4. Brigade Electronics
      5. Kendrion
      6. Kufatec GmbH & Co. Kg
      7. Soundracer Ab
      8. Nissan Motor Co. Ltd.
      9. Daimler
      10. Tesla Motors
      11. Texas Instruments
      12. Continental
  7. Analyst Views
  8. Future Outlook of the Market

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