Acoustic Vehicle Alerting Systems Market Size, Share, Trends, Key Drivers, Growth and Opportunity Analysis
Acoustic Vehicle Alerting Systems Market Size, Share, Trends, Key Drivers, Growth and Opportunity Analysis
Blog Article
Global Acoustic Vehicle Alerting Systems Market – Industry Trends and Forecast to 2030
Global Acoustic Vehicle Alerting Systems Market, By Vehicle Type (Passenger Cars, Two-Wheelers, and Commercial Vehicles), Propulsion (Battery Electric Vehicle, Hybrid Electric Vehicle, and Plug-in Hybrid Electric Vehicles), Electric Two-Wheelers (E-Scooter/Moped, E-Motorcycle), Mounting Position (Integrated, Separated), Sales Channel (OEM and Aftermarket) - Industry Trends and Forecast to 2031.
Global acoustic vehicle alerting systems market size was valued at USD 532.56 million in 2023 and is projected to reach USD 1,405.79 million by 2031, with a CAGR of 12.90% during the forecast period of 2024 to 2031.
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**Segments**
- **By Propulsion Type**: The acoustic vehicle alerting systems market can be segmented based on propulsion type into electric vehicles (EVs) and internal combustion engine vehicles (ICEVs). With the rising demand for electric vehicles globally, the segment for EVs is expected to witness significant growth as these vehicles are nearly silent at lower speeds, necessitating the need for AVAS to alert pedestrians and cyclists of their presence.
- **By Vehicle Type**: This market can also be segmented by vehicle type into passenger cars, commercial vehicles, and two-wheelers. Passenger cars are likely to dominate the market share owing to the increasing production and sales of electric passenger cars equipped with AVAS. However, the commercial vehicles segment is anticipated to grow at a considerable rate due to the rising adoption of electric commercial vehicles in logistics and transportation sectors.
- **By Sales Channel**: Segregation based on sales channel includes OEMs (Original Equipment Manufacturers) and aftermarket. The OEMs segment is expected to hold a significant share as automakers are increasingly integrating AVAS into their new vehicle models to comply with regulations. The aftermarket segment is projected to grow steadily as retrofit AVAS kits become more readily available and affordable to vehicle owners.
**Market Players**
- **Delphi Technologies (Aptiv)**: Delphi Technologies, now part of Aptiv, is a prominent player in the acoustic vehicle alerting systems market. The company offers a range of AVAS solutions for electric vehicles to enhance pedestrian safety and regulatory compliance.
- **Harman International**: Harman International, a subsidiary of Samsung Electronics, is another key player in the market known for its advanced AVAS technology integrated into electric and hybrid vehicles. The company focuses on developing innovative solutions to meet the evolving safety requirements for silent vehicles.
- **Continental AG**: Continental AG is a leading automotive supplier that provides acoustic vehicle alerting systems for various vehicle types. The company's AVAS offerings are designed to deliver reliable sound alerts to enhance road safety for both pedestriansThe acoustic vehicle alerting systems market is witnessing significant growth due to the increasing adoption of electric vehicles worldwide. The segmentation based on propulsion type into electric vehicles (EVs) and internal combustion engine vehicles (ICEVs) plays a crucial role in understanding the market dynamics. As the demand for EVs continues to rise, the segment for EVs is expected to dominate the market as these vehicles operate silently at lower speeds, necessitating the need for AVAS to alert pedestrians and cyclists.
Furthermore, segmenting the market by vehicle type into passenger cars, commercial vehicles, and two-wheelers provides insights into the different applications of AVAS across various vehicle categories. Passenger cars are expected to hold a significant market share due to the growing production and sales of electric passenger cars equipped with AVAS. On the other hand, the commercial vehicles segment is poised for notable growth driven by the increasing adoption of electric commercial vehicles in logistics and transportation sectors.
Another essential segmentation criterion is based on sales channels, distinguishing between OEMs (Original Equipment Manufacturers) and aftermarket sales. The OEMs segment is projected to lead the market as automakers are integrating AVAS into new vehicle models to meet regulatory requirements. Conversely, the aftermarket segment is expected to grow steadily as retrofit AVAS kits become more accessible and cost-effective for vehicle owners.
Turning to market players, Delphi Technologies (now Aptiv), Harman International, and Continental AG are prominent names in the acoustic vehicle alerting systems market. Delphi Technologies, under Aptiv, offers a diverse range of AVAS solutions for electric vehicles, enhancing pedestrian safety and regulatory compliance. Harman International, a subsidiary of Samsung Electronics, is known for its advanced AVAS technology integrated into electric and hybrid vehicles, focusing on developing innovative solutions to meet safety requirements. Continental AG, a leading automotive supplier, provides AVAS systems designed to deliver reliable sound alerts, enhancing road safety for pedestrians and cyclists.
In conclusion, the acoustic vehicle alerting systems market is poised for substantial growth driven by the increasing adoption**Segments**
- **By Propulsion Type**: The acoustic vehicle alerting systems market segmentation based on propulsion type into electric vehicles (EVs) and internal combustion engine vehicles (ICEVs) is crucial. As the demand for EVs continues to rise, the segment for EVs is expected to dominate the market as these vehicles operate silently at lower speeds, necessitating the need for AVAS to alert pedestrians and cyclists.
- **By Vehicle Type**: Segmentation by vehicle type into passenger cars, commercial vehicles, and two-wheelers offers insights into different AVAS applications across vehicle categories. Passenger cars are expected to hold a significant market share due to the growing sales of electric passenger cars equipped with AVAS. On the other hand, the commercial vehicles segment is poised for notable growth driven by the increasing adoption of electric commercial vehicles in logistics and transportation sectors.
- **By Sales Channel**: Distinguishing between OEMs (Original Equipment Manufacturers) and aftermarket sales is crucial. The OEMs segment is projected to lead the market, with automakers integrating AVAS into new vehicle models. Conversely, the aftermarket segment is expected to grow steadily with the availability of cost-effective retrofit AVAS kits for vehicle owners.
**Market Players**
- **Delphi Technologies (Aptiv)**: Delphi Technologies, now part of Aptiv, offers a range of AVAS solutions for electric vehicles, enhancing pedestrian safety and regulatory compliance.
- **Harman International**: Harman International, a subsidiary of Samsung Electronics, is known
Highlights of TOC:
Chapter 1: Market overview
Chapter 2: Global Acoustic Vehicle Alerting Systems Market
Chapter 3: Regional analysis of the Global Acoustic Vehicle Alerting Systems Market industry
Chapter 4: Acoustic Vehicle Alerting Systems Market segmentation based on types and applications
Chapter 5: Revenue analysis based on types and applications
Chapter 6: Market share
Chapter 7: Competitive Landscape
Chapter 8: Drivers, Restraints, Challenges, and Opportunities
Chapter 9: Gross Margin and Price Analysis
Key takeaways from the Acoustic Vehicle Alerting Systems Market report:
- Detailed considerate of Acoustic Vehicle Alerting Systems Market-particular drivers, Trends, constraints, Restraints, Opportunities and major micro markets.
- Comprehensive valuation of all prospects and threat in the
- In depth study of industry strategies for growth of the Acoustic Vehicle Alerting Systems Market-leading players.
- Acoustic Vehicle Alerting Systems Market latest innovations and major procedures.
- Favorable dip inside Vigorous high-tech and market latest trends remarkable the Market.
- Conclusive study about the growth conspiracy of Acoustic Vehicle Alerting Systems Market for forthcoming years.
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