Global Acoustic Vehicle Alerting System
Market Report
2024
Delivery Includes:- Market Timeline 2019 till 2031, Market Size, Revenue/Volume Share, Forecast and CAGR, Competitor Analysis, Regional Analysis, Country Analysis, Segment Analysis, Market Trends, Drivers, Opportunities, Restraints, ESG Analysis, Porters Analysis, PESTEL Analysis, Market Attractiveness, Patent Analysis, Technological Trend, SWOT Analysis, COVID-19 Analysis, Consumer Behavior Analysis, etc.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global acoustic vehicle alerting system market size will be USD 1.2 billion in 2024. It will expand at a compound annual growth rate (CAGR) of 38.4% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Acoustic Vehicle Alerting System Market Sales Revenue 2024 | $ 1.2 Billion |
Global Acoustic Vehicle Alerting System Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 38.4% |
Market Drivers: Increasing the number of innovative systems that electric vehicles are implementing | |
Market Restrains: The disadvantages of acoustic vehicle warning systems Uniformity of the sounds that AVAS emits |
Market Split by Sales Channel |
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Market Split by Propulsion Type |
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Market Split by Vehicle Type |
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Market Split by Mounting Position |
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Market Split by Electric Two-Wheelers |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Acoustic Vehicle Alerting System Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Devices that aid in producing sound are referred to as acoustic vehicle alerting systems. These gadgets are installed in hybrid or electric cars. By alerting pedestrians to the presence of the vehicle, they serve to safeguard them. Due to growing concerns about the safety of passengers and the environment, many countries are encouraging the global adoption of electric vehicles. Manufacturers have the chance to conduct research and produce an electric car that is safer and more efficient because commuter safety is becoming more and more important globally in order to improve pedestrian safety. In 2019, a total of 24.7 million acoustic vehicle alerting systems were installed in passenger cars and electric two-wheelers due to the growing demand for electric vehicles.
Government regulations were introduced because of concerns about safety. The government laws and regulations pertaining to the application of acoustic vehicle alerting systems for safety concerns would generate a great deal of growth potential for the market. For example, according to a European Regulation, every new car sold or imported into the EU by July 1, 2021, must have an AVAS installed, regardless of the model. Furthermore, starting in September 2020, every hybrid and electric car production must incorporate an acoustic vehicle warning system, per US regulations. Increasing the number of innovative systems that electric vehicles are implementing
The disadvantages of acoustic vehicle warning systems Uniformity of the sounds that AVAS emits
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To improve pedestrian safety, Maruti Suzuki India Limited, a division of Suzuki Motor Corporation, introduced the Maruti Grand Vitara hybrid model with AVAS in July 2023.
Top Companies Market Share in Acoustic Vehicle Alerting System Industry: (In no particular order of Rank)
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In 2024, the market was dominated by Asia Pacific. The region's sales of two-wheelers, passenger automobiles, and commercial vehicles are greatly influenced by the high output level of the automotive sector, which also includes the manufacture of motor vehicles and aftermarket parts. Because component wholesalers are combining and original equipment manufacturers are getting more active in aftermarket activities, the industry has a bright future. The market for acoustic vehicle alerting systems is growing at the highest rate in Asia-Pacific due to government programs aimed at raising public knowledge of the advantages and usage of electric vehicles. Moreover, the rising demand for electric cars would accelerate the expansion of this industry in this area.
Europe is expected to develop at the quickest rate of any area. The primary reason for the significant innovations and transformations in the electric vehicle sector in this area is the growing demand from consumers for improved vehicle performance, an enhanced driving experience, and increased efficiency.
The current report Scope analyzes Acoustic Vehicle Alerting System Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Acoustic Vehicle Alerting System Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Acoustic Vehicle Alerting System Industry growth. Acoustic Vehicle Alerting System market has been segmented with the help of its Sales Channel, Propulsion Type Vehicle Type, and others. Acoustic Vehicle Alerting System market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on present and future trends, the market size is estimated from 2019 to 2031. Moreover, study also provides quantitative and qualitative analysis of each type to understand the driving factors for the fastest growing type segment for Acoustic Vehicle Alerting System market.
Sales Channel of Acoustic Vehicle Alerting System analyzed in this report are as follows:
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Because more BEVs are sold than PHEVs and FCEVs combined, the BEV segment is predicted to have the biggest market share and the fastest rate of growth. BEVs are notable for having acoustic vehicle alerting systems (AVAS) because they run only on batteries and produce very little noise when traveling at speeds under 20 km/h. To improve pedestrian safety, BEVs like the Nissan Leaf and Jaguar I-PACE already have AVAS installed.
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Research Analyst at Cognitive Market Research
I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.
Sneha Mali is a research analyst working in various domains including the Consumer Goods, market research and transport & logistics and her primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. Her knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively.Sneha stay up-to-date with the latest research trends, methodologies, and technologies to ensure that her research is accurate, relevant, and impactful.
In her current role, Sneha is committed to continuous learning and staying abreast of emerging trends in research methodologies. Regular participation in workshops, webinars, and industry conferences ensures that her skills remain sharp and relevant. She have demonstrated ability to transform complex data sets into clear and concise narratives that inform key business strategies. Collaborating with cross-functional teams.Sneha remains an invaluable asset in the dynamic landscape of market research.
The Global Acoustic Vehicle Alerting System Market is witnessing significant growth in the near future.
In 2023, the OEM segment accounted for noticeable share of global Acoustic Vehicle Alerting System Market and is projected to experience significant growth in the near future.
The BEV segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Volkswagen (Germany) , Continental AG (Germany) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Sales Channel | OEM, Aftermarket |
Propulsion Type | BEV, PHEV, FCEV |
Vehicle Type | Passenger Cars, Commercial Vehicles |
Mounting Position | Integrated, Separated |
Electric Two-Wheelers | E-Scooter/Moped, E-Motorcycle |
List of Competitors | Volkswagen (Germany), Toyota Kirloskar Motor (India), Continental AG (Germany), DENSO Corporation (Japan), Novosim (Denmark), Siemens (Germany), BorgWarner Inc. (U.K.), General Motors (US.), Nissan Motor Co., Ltd. (Japan), HARMAN International (US.), HELLA GmbH & Co. KGaA (Germany), Tesla (US.), Texas Instruments Incorporated. (US.), Mercedes-Benz Group AG (Germany) |
This chapter will help you gain GLOBAL Market Analysis of Acoustic Vehicle Alerting System. Further deep in this chapter, you will be able to review Global Acoustic Vehicle Alerting System Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Sales Channel Analysis 2019 -2031, will provide market size split by Sales Channel. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Sales Channel Analysis 2019 -2031
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Chapter 11 Market Split by Propulsion Type Analysis 2019 -2031
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Chapter 12 Market Split by Vehicle Type Analysis 2019 -2031
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Chapter 13 Market Split by Mounting Position Analysis 2019 -2031
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Chapter 14 Market Split by Electric Two-Wheelers Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Acoustic Vehicle Alerting System market
Chapter 15 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why OEM have a significant impact on Acoustic Vehicle Alerting System market? |
What are the key factors affecting the OEM and Aftermarket of Acoustic Vehicle Alerting System Market? |
What is the CAGR/Growth Rate of BEV during the forecast period? |
By type, which segment accounted for largest share of the global Acoustic Vehicle Alerting System Market? |
Which region is expected to dominate the global Acoustic Vehicle Alerting System Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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