Acoustic Vehicle Alerting System Market Growth, Size, Trends, Share, Demand and Future Outlook
Acoustic Vehicle Alerting System Market Size- By Propulsion Type, By Vehicle Type, By Electric Two-Wheeler, By Sales Channel, By Mounting Position- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Mar-2024 | Report ID: AMIN24105 | Pages: 1 - 223 | Formats*: |
| Category : Automotive & Transportation | |||
Acoustic Vehicle Alerting System Market Introduction and Overview
According to SPER Market Research, the Global Acoustic Vehicle Alerting System Market is estimated to reach USD 51.62 billion by 2033 with a CAGR of 37.31%.
The report includes an in-depth analysis of the Global Acoustic Vehicle Alerting System Market, including market size and trends, product mix, applications, and supplier analysis. The Acoustic Vehicle Alerting System (AVAS) is a safety feature that electric and hybrid cars use to alert cyclists and pedestrians of their presence. Electric cars may not be as obvious as conventional internal combustion engines since they produce less noise while traveling at moderate speeds. A sophisticated technology called an Acoustic Vehicle Alerting System (AVAS) is intended to provide audible warning noises in electric and hybrid automobiles. Since electric and hybrid cars are silent when traveling at low speeds, the aim of AVAS is to warn pedestrians and other susceptible road users of their existence. The technology produces synthetic noises that mimic the sound of a conventional internal combustion engine, protecting visually impaired people, bikers, and pedestrians.
- July 2020: Hella created the Acoustic Vehicle Alerting System (AVAS) in July 2020 specifically for battery-electric and hybrid cars. The pedestrian is alerted by the device, which emits the sound of an internal combustion engine.
- August 2022: The biggest carmaker in India, Maruti Suzuki, said in August 2022 that it will launch its first electric car as soon as possible, if not before the end of 2025. Furthermore, the company's parent, Suzuki Motor Corporation, plans to invest Rs 10,400 crore in Gujarat to construct a factory that would make electric cars. The business announced that in addition to producing EVs domestically, it would also begin producing lithium-ion batteries, which are now imported by a number of original equipment manufacturers.
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Market Opportunities and Challenges
Opportunities:- Increasing Electric Vehicle Adoption to Accelerate Market Development- A number of causes, such as growing worries about environmental pollution and the desire to cut greenhouse gas emissions, have contributed to the emergence of electric cars. Many nations' governments and legislators have been aggressively encouraging the use of electric vehicles by enacting stronger pollution laws, providing subsidies, and offering incentives. The growing popularity of electric vehicles raises serious concerns about road safety because they don't make the same noise as traditional internal combustion engine (ICE) vehicles. To address the safety risk, many nations have begun enforcing the usage of acoustic noises in electric and hybrid cars. These devices are made expressly to make warning noises when an electric car is approaching, protecting pedestrians and other susceptible road users.
Challenges- A lack of uniformity in regulations across many regions might potentially impede the growth of the market. Regulations governing the installation of false sound systems in electric vehicles may differ between nations and regions. The absence of uniform rules may complicate things for automakers and impede the expansion of the industry. Additionally, automakers may take into account the expense of installing acoustic vehicle alarm systems in electric vehicles, particularly in areas where cost is a factor. It could be difficult to cut production costs without sacrificing the system's functionality. When adopting new technology, the automobile sector usually goes through a gradual shift. It may take some time for AVAS to completely integrate with existing supply chains, production procedures, and vehicle designs.
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Market Competitive Landscape
The market for acoustic vehicle alerting systems is extremely competitive, with several businesses vying for a competitive advantage. To improve their market position, these businesses concentrate on joint ventures, product innovation, and mergers and acquisitions. The market as a whole benefits from AVAS technological developments driven by competitive rivalry. Some of the key players are Brigade Electronics, Continental AG, Continental Engineering Services GmbH, Delphi, Mando-Hella Electronics, Harman International, Hella Gmbh & Co.KGaA, Siemens, SEGER, Thor (Dubai).
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Propulsion Type, By Vehicle Type, By Electric Two-Wheeler, By Sales Channel, By Mounting Position. |
| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America |
| Companies Covered | Brigade Electronics, Continental AG, Continental Engineering Services GmbH, Delphi, Mando-Hella Electronics, Harman International, Hella Gmbh & Co.KGaA, Siemens, SEGER, Thor (Dubai). |
COVID-19 Impact on Global Acoustic Vehicle Alerting System Market
The market for Acoustic Vehicle Alerting Systems has been affected by the Covid-19 epidemic in a variety of ways. Lockdowns and supply chain issues caused some interruptions in the automobile sector, but overall, the AVAS market was not negatively impacted. Due to the pandemic's emphasis on the need for environmentally friendly transportation, demand in electric and hybrid cars has grown. As a result, there is a greater need for AVAS systems as consumers and governments alike are concerned about environmental sustainability and safety. On the other hand, the electric car market is expanding significantly due to the rapidly increasing rate of mild-hybrid electric vehicle adoption year over year, legislation that support electric vehicles, and better government activities worldwide. Additionally, the Covid-19 epidemic had less of an impact on the market for electric vehicles than it did on other categories.
Key Target Audience
- Automobile Manufacturers
- Government Regulatory Bodies
- Technology Providers
- Automotive Component Suppliers
- Research Institutions and Academia
- Transportation Authorities
- Environmental Organizations
- Insurance companies
Our in-depth analysis of the Acoustic Vehicle Alerting System Market includes the following segments:
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Key Topics Covered in the Report
- Global Acoustic Vehicle Alerting System Market Size (FY’2024-FY’2033)
- Overview of Global Acoustic Vehicle Alerting System Market
- Segmentation of Global Acoustic Vehicle Alerting System Market By Propulsion Type (BEV, PHEV, FCEV).
- Segmentation of Global Acoustic Vehicle Alerting System Market By Vehicle Type (Passenger Cars, Commercial Vehicle).
- Segmentation of Global Acoustic Vehicle Alerting System Market By Electric Two-Wheeler(E-Scooter/Moped, E-Motorcycle)
- Segmentation of Global Acoustic Vehicle Alerting System Market By Sales Channel (OEM, Aftermarket)
- Segmentation of Global Acoustic Vehicle Alerting System Market By Mounting Position (Integrated, Separated)
- Statistical Snap of Global Acoustic Vehicle Alerting System Market
- Expansion Analysis of Global Acoustic Vehicle Alerting System Market
- Problems and Obstacles in Global Acoustic Vehicle Alerting System Market
- Competitive Landscape in the Global Acoustic Vehicle Alerting System Market
- Impact of COVID-19 and Demonetization on Global Acoustic Vehicle Alerting System Market
- Details on Current Investment in Global Acoustic Vehicle Alerting System Market
- Competitive Analysis of Global Acoustic Vehicle Alerting System Market
- Prominent Players in the Global Acoustic Vehicle Alerting System Market
- SWOT Analysis of Global Acoustic Vehicle Alerting System Market
- Global Acoustic Vehicle Alerting System Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Acoustic Vehicle Alerting System Market.
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Acoustic Vehicle Alerting System Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Acoustic Vehicle Alerting System Market
7. Global Acoustic Vehicle Alerting System Market, By Propulsion Type (USD Million)
7.1. Global Acoustic Vehicle Alerting System Market Value Share and Forecast, By Propulsion Type, 2024-20337.2. BEV7.3. PHEV7.4. FCEV
8. Global Acoustic Vehicle Alerting System Market, By Vehicle Type (USD Million)
8.1. Global Acoustic Vehicle Alerting System Market Value Share and Forecast, By Vehicle Type, 2024-20338.2. Passenger Cars8.3. Commercial Vehicles
9. Global Acoustic Vehicle Alerting System Market, By Electric Two Wheeler (USD Million)
9.1. Global Acoustic Vehicle Alerting System Market Value Share and Forecast, By Electric Two Wheeler, 2024-20339.2. E-Scooter/Moped9.3. E-Motorcycle
10. Global Acoustic Vehicle Alerting System Market, By Sales Channel (USD Million)
10.1. Global Acoustic Vehicle Alerting System Market Value Share and Forecast, By Sales Channel, 2024-203310.2. OEM10.3. Aftermarket
11. Global Acoustic Vehicle Alerting System Market, By Mounting Position (USD Million)
11.1. Global Acoustic Vehicle Alerting System Market Value Share and Forecast, By Mounting Position, 2024-203311.2. Integrated11.3. Separated
12. Global Acoustic Vehicle Alerting System Market Forecast, 2020-2033 (USD Million)
12.1. Global Acoustic Vehicle Alerting System Market Size and Market Share
13. Global Acoustic Vehicle Alerting System Market, By Propulsion Type 2020-2033 (USD Million)
13.1. Global Acoustic Vehicle Alerting System Market Size and Market Share By Propulsion Type (2020-2026)13.2. Global Acoustic Vehicle Alerting System Market Size and Market Share By Propulsion Type (2027-2033)
14. Global Acoustic Vehicle Alerting System Market, By Vehicle Type 2020-2033 (USD Million)
14.1. Global Acoustic Vehicle Alerting System Market Size and Market Share By Vehicle Type(2020-2026)14.2. Global Acoustic Vehicle Alerting System Market Size and Market Share By Vehicle Type (2027-2033)
15. Global Acoustic Vehicle Alerting System Market, By Electric Two-Wheeler , 2020-2033 (USD Million)
15.1. Global Acoustic Vehicle Alerting System Market Size and Market Share By Electric Two Wheeler (2020-2026)15.2. Global Acoustic Vehicle Alerting System Market Size and Market Share By Electric Two-Wheeler (2027-2033)
16. Global Acoustic Vehicle Alerting System Market, By Sales Channel , 2020-2033 (USD Million)
16.1. Global Acoustic Vehicle Alerting System Market Size and Market Share By Sales Channel(2020-2026)16.2. Global Acoustic Vehicle Alerting System Market Size and Market Share By Sales Channel (2027-2033)
17. Global Acoustic Vehicle Alerting System Market, By Mounting Position , 2020-2033 (USD Million)
17.1. Global Acoustic Vehicle Alerting System Market Size and Market Share By Mounting Position(2020-2026)17.2. Global Acoustic Vehicle Alerting System Market Size and Market Share By Mounting Position (2027-2033)
18. Global Acoustic Vehicle Alerting System Market, By Region, 2020-2033 (USD Million)
18.1. Global Acoustic Vehicle Alerting System Market Size and Market Share By Region (2020-2026)18.2. Global Acoustic Vehicle Alerting System Market Size and Market Share By Region (2027-2033)18.3. Asia-Pacific
18.3.1. Australia18.3.2. China18.3.3. India18.3.4. Japan18.3.5. South Korea18.3.6. Rest of Asia-Pacific
18.4. Europe
18.4.1. France18.4.2. Germany18.4.3. Italy18.4.4. Spain18.4.5. United Kingdom18.4.6. Rest of Europe
18.5. Middle East and Africa
18.5.1. Kingdom of Saudi Arabia18.5.2. United Arab Emirates18.5.3. Rest of Middle East & Africa
18.6. North America
18.6.1. Canada18.6.2. Mexico18.6.3. United States
18.7. Latin America
18.7.1. Argentina18.7.2. Brazil18.7.3. Rest of Latin America
19. Company Profile
19.1. Brigade Electronics
19.1.1. Company details19.1.2. Financial outlook19.1.3. Product summary19.1.4. Recent developments
19.2. Continental AG
19.2.1. Company details19.2.2. Financial outlook19.2.3. Product summary19.2.4. Recent developments
19.3. Continental Engineering Services GmbH
19.3.1. Company details19.3.2. Financial outlook19.3.3. Product summary19.3.4. Recent developments
19.4. Delphi
19.4.1. Company details19.4.2. Financial outlook19.4.3. Product summary19.4.4. Recent developments
19.5. Mando-Hella Electronics
19.5.1. Company details19.5.2. Financial outlook19.5.3. Product summary19.5.4. Recent developments
19.6. Harman International
19.6.1. Company details19.6.2. Financial outlook19.6.3. Product summary19.6.4. Recent developments
19.7. Hella Gmbh & Co.KGaA
19.7.1. Company details19.7.2. Financial outlook19.7.3. Product summary19.7.4. Recent developments
19.8. Siemens
19.8.1. Company details19.8.2. Financial outlook19.8.3. Product summary19.8.4. Recent developments
19.9. SEGER
19.9.1. Company details19.9.2. Financial outlook19.9.3. Product summary19.9.4. Recent developments
19.10. Thor (Dubai)
19.10.1. Company details19.10.2. Financial outlook19.10.3. Product summary19.10.4. Recent developments
19.11. Others
20. List of Abbreviations
21. Reference Links
22. Conclusion
23. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Acoustic Vehicle Alerting System Market is projected to reach USD 58.49 Billion by 2033, growing at a CAGR of 37.31% during the forecast period.
Acoustic Vehicle Alerting System Market grew in Market size from 2022. The Market is expected to reach USD 58.49 Billion by 2033, at a CAGR of 37.31% during the forecast period.
Acoustic Vehicle Alerting System Market CAGR of 37.31% during the forecast period.
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Acoustic Vehicle Alerting System Market size is USD 58.49 Billion from 2024 to 2033.
Acoustic Vehicle Alerting System Market Segment is covered By Propulsion Type, By Vehicle Type, By Electric Two-Wheeler, By Sales Channel, By Mounting Position.
The North America is anticipated to have the highest Market share in the Acoustic Vehicle Alerting System Market.
The key players in the Market include Companies Covered Brigade Electronics, Continental AG, Continental Engineering Services GmbH, Delphi, Mando-Hella Electronics, Harman International, Hella Gmbh & Co.KGaA, Siemens, SEGER, Thor (Dubai).
The Acoustic Vehicle Alerting System (AVAS) is a safety feature that electric and hybrid cars use to alert cyclists and pedestrians of their presence.
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