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By 2031, the acoustic vehicle alerting system market is expected to have grown from an anticipated 426 million USD in 2024 to 5,619 million USD, a compound annual growth rate (CAGR) of 40.1%. This projection takes into account the installation of AVAS in both passenger cars and commercial vehicles. There is a growing need for original equipment manufacturers to study and produce electric vehicles that are both efficient and safe for commuters as a means to improve pedestrian safety on a global scale.
Specialized and comprehensive, the "Global Acoustic vehicle alerting system (AVAS) Market Analysis to 2031" examines the transportation and automotive industries from every angle, with an emphasis on the worldwide market trends. With a focus on propulsion, vehicle type and mounting position, and region, this study intends to offer a synopsis of the acoustic vehicle alerting system (AVAS) industry. The research highlights important trends and opportunities in the acoustic vehicle alerting system (AVAS) industry and gives crucial statistics on the status of the major market competitors.
Equipped with sound-generating devices, electric and hybrid vehicles are known as Acoustic Vehicle Alerting Systems (AVAS). By alerting pedestrians to the vehicle's presence, these technologies serve to safeguard them. Governments throughout the world are lending their support to the electric car industry as a whole in an effort to alleviate rising concerns about pollution and the safety of passengers. In the years to come, AVAS systems are expected to benefit from the increasing interest and investments in electric vehicles.
Electric vehicle (EV) safety devices include acoustic vehicle alerting systems (AVAS). Electric vehicles often produce less noise than vehicles powered by internal combustion engines (ICEs). Consequently, pedestrians, particularly those with impairments, may find it challenging due to the low noise level of EVs. Thus, autonomous vehicle detection systems (AVAS) are installed in otherwise silent cars, such electric and hybrid automobiles, to alert pedestrians to the vehicle's existence. In response to variables like speed, gas pedal position, and gear, the vehicle's structural components vibrate to produce synthetic noises, which are then amplified by the speakers or actuators. Additionally, many countries have made it mandatory to use AVAS in order to improve their safety. If we take the European Union as an example, starting in July 2019, all electric and hybrid vehicles are required to include an AVAS system that alerts pedestrians when they are traveling below 12mph. So, it will make driving an electric vehicle much safer.
The worldwide supply chain of the AVAS market has been impacted by the COVID-19 pandemic, which has impacted the economies of numerous countries due to the lockdown that has resulted in travel bans and company shutdowns. Electric vehicle production has been affected by the government-imposed limitations and lockout. Another factor affecting the development of AVAS hardware is the shortage of available laborers caused by socially distancing conventions and other restrictions. The electric vehicle market was positively affected by COVID-19, as sales of EVs were higher than the previous year. Due to the continued expansion of the electric vehicle sector following the pandemic, demand for AVAS is expected to surge once again.
Electric and hybrid vehicles have been in high demand due to the growing need for vehicles that run on alternative fuels. Furthermore, numerous governments have enacted supportive laws that encourage the usage of electric vehicles in an effort to decrease the consumption of crude oil, emissions from automobiles, and air pollution. As an example, the British transport secretary announced in February 2020 that the first entirely electric bus town would be launched with a government grant of $69 million for electric buses. Electric vehicles are being chosen by e-commerce enterprises as a means of transporting goods due to both the increasing demand for e-commerce globally and concerns about pollution. The demand for AVAS is projected to be further boosted by the development and promotion of electric vehicles, which are in turn driven by the strict rules put in place by governments to decrease the negative environmental impact.
Using qualitative and quantitative data, the research paints a comprehensive picture of the market. It breaks down the worldwide market into its component parts and offers predictions for each. In addition, it breaks down the market by region, offering projections for North America, Europe, Asia-Pacific (APAC), MEA, and South America from 2019 to 2028. There is further subsegmentation of the acoustic vehicle alerting system (AVAS) market based on nations and segments within each region. Along with the present trend and potential in the region, the paper analyzes and predicts outcomes for eighteen countries worldwide.
Report Coverage
Global Acoustic Vehicle Alerting System research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Acoustic Vehicle Alerting System report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Acoustic Vehicle Alerting System competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Acoustic Vehicle Alerting System market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Acoustic Vehicle Alerting System market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Acoustic Vehicle Alerting System market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Volkswagen (Germany), Toyota Kirloskar Motor (India), Continental AG (Germany), DENSO Corporation (Japan), Novosim (Denmark), Siemens (Germany), BorgWarner Inc. (U.K.), General Motors (U.S.), Nissan Motor Co., Ltd. (Japan), HARMAN International (U.S.), HELLA GmbH & Co. KGaA (Germany), Tesla (U.S.), Texas Instruments Incorporated. (U.S.), Mercedes-Benz Group AG (Germany), Honda India (India), Brigade Electronics Group Plc (U.K.), Kendrion N.V. (Netherlands), KUFATEC GmbH & Co. KG (Germany), Fisker, Inc. (U.S.)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Acoustic Vehicle Alerting System market based on the below-mentioned segments:
Global Acoustic Vehicle Alerting System Market, By Vehicle Type
Passenger Cars
Two-Wheelers
Commercial Vehicles
Global Acoustic Vehicle Alerting System market, By Sales Channel
OEM
Aftermarket
Global Acoustic Vehicle Alerting System Market, By Propulsion
Battery Electric Vehicle
Hybrid Electric Vehicle
Plug-in Hybrid Electric Vehicles
Global Acoustic Vehicle Alerting System market, Regional Analysis
Specialized and comprehensive, the "Global Acoustic vehicle alerting system (AVAS) Market Analysis to 2031" examines the transportation and automotive industries from every angle, with an emphasis on the worldwide market trends. With a focus on propulsion, vehicle type and mounting position, and region, this study intends to offer a synopsis of the acoustic vehicle alerting system (AVAS) industry. The research highlights important trends and opportunities in the acoustic vehicle alerting system (AVAS) industry and gives crucial statistics on the status of the major market competitors.
Equipped with sound-generating devices, electric and hybrid vehicles are known as Acoustic Vehicle Alerting Systems (AVAS). By alerting pedestrians to the vehicle's presence, these technologies serve to safeguard them. Governments throughout the world are lending their support to the electric car industry as a whole in an effort to alleviate rising concerns about pollution and the safety of passengers. In the years to come, AVAS systems are expected to benefit from the increasing interest and investments in electric vehicles.
Electric vehicle (EV) safety devices include acoustic vehicle alerting systems (AVAS). Electric vehicles often produce less noise than vehicles powered by internal combustion engines (ICEs). Consequently, pedestrians, particularly those with impairments, may find it challenging due to the low noise level of EVs. Thus, autonomous vehicle detection systems (AVAS) are installed in otherwise silent cars, such electric and hybrid automobiles, to alert pedestrians to the vehicle's existence. In response to variables like speed, gas pedal position, and gear, the vehicle's structural components vibrate to produce synthetic noises, which are then amplified by the speakers or actuators. Additionally, many countries have made it mandatory to use AVAS in order to improve their safety. If we take the European Union as an example, starting in July 2019, all electric and hybrid vehicles are required to include an AVAS system that alerts pedestrians when they are traveling below 12mph. So, it will make driving an electric vehicle much safer.
The worldwide supply chain of the AVAS market has been impacted by the COVID-19 pandemic, which has impacted the economies of numerous countries due to the lockdown that has resulted in travel bans and company shutdowns. Electric vehicle production has been affected by the government-imposed limitations and lockout. Another factor affecting the development of AVAS hardware is the shortage of available laborers caused by socially distancing conventions and other restrictions. The electric vehicle market was positively affected by COVID-19, as sales of EVs were higher than the previous year. Due to the continued expansion of the electric vehicle sector following the pandemic, demand for AVAS is expected to surge once again.
Electric and hybrid vehicles have been in high demand due to the growing need for vehicles that run on alternative fuels. Furthermore, numerous governments have enacted supportive laws that encourage the usage of electric vehicles in an effort to decrease the consumption of crude oil, emissions from automobiles, and air pollution. As an example, the British transport secretary announced in February 2020 that the first entirely electric bus town would be launched with a government grant of $69 million for electric buses. Electric vehicles are being chosen by e-commerce enterprises as a means of transporting goods due to both the increasing demand for e-commerce globally and concerns about pollution. The demand for AVAS is projected to be further boosted by the development and promotion of electric vehicles, which are in turn driven by the strict rules put in place by governments to decrease the negative environmental impact.
Using qualitative and quantitative data, the research paints a comprehensive picture of the market. It breaks down the worldwide market into its component parts and offers predictions for each. In addition, it breaks down the market by region, offering projections for North America, Europe, Asia-Pacific (APAC), MEA, and South America from 2019 to 2028. There is further subsegmentation of the acoustic vehicle alerting system (AVAS) market based on nations and segments within each region. Along with the present trend and potential in the region, the paper analyzes and predicts outcomes for eighteen countries worldwide.
Report Coverage
Global Acoustic Vehicle Alerting System research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Acoustic Vehicle Alerting System report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Acoustic Vehicle Alerting System competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Acoustic Vehicle Alerting System market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2031 |
| Base Year | 2024 |
| Forecast Period | 2024-2031 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Volkswagen (Germany), Toyota Kirloskar Motor (India), Continental AG (Germany), DENSO Corporation (Japan), Novosim (Denmark), Siemens (Germany), BorgWarner Inc. (U.K.), General Motors (U.S.), Nissan Motor Co., Ltd. (Japan), HARMAN International (U.S.), HELLA GmbH & Co. KGaA (Germany), Tesla (U.S.), Texas Instruments Incorporated. (U.S.), Mercedes-Benz Group AG (Germany), Honda India (India), Brigade Electronics Group Plc (U.K.), Kendrion N.V. (Netherlands), KUFATEC GmbH & Co. KG (Germany), Fisker, Inc. (U.S.) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Acoustic Vehicle Alerting System Market from 2021 to 2031.
- Market Forecast for Acoustic Vehicle Alerting System Market from 2021 to 2031.
- Regional Market Share and Revenue from 2021 to 2031.
- Country Market share within region from 2021 to 2031.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Acoustic Vehicle Alerting System competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Acoustic Vehicle Alerting System
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Acoustic Vehicle Alerting System market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Acoustic Vehicle Alerting System market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Volkswagen (Germany), Toyota Kirloskar Motor (India), Continental AG (Germany), DENSO Corporation (Japan), Novosim (Denmark), Siemens (Germany), BorgWarner Inc. (U.K.), General Motors (U.S.), Nissan Motor Co., Ltd. (Japan), HARMAN International (U.S.), HELLA GmbH & Co. KGaA (Germany), Tesla (U.S.), Texas Instruments Incorporated. (U.S.), Mercedes-Benz Group AG (Germany), Honda India (India), Brigade Electronics Group Plc (U.K.), Kendrion N.V. (Netherlands), KUFATEC GmbH & Co. KG (Germany), Fisker, Inc. (U.S.)
Primary Target Market
- Market Players of Acoustic Vehicle Alerting System
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Acoustic Vehicle Alerting System market based on the below-mentioned segments:
Global Acoustic Vehicle Alerting System Market, By Vehicle Type
Passenger Cars
Two-Wheelers
Commercial Vehicles
Global Acoustic Vehicle Alerting System market, By Sales Channel
OEM
Aftermarket
Global Acoustic Vehicle Alerting System Market, By Propulsion
Battery Electric Vehicle
Hybrid Electric Vehicle
Plug-in Hybrid Electric Vehicles
Global Acoustic Vehicle Alerting System market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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