Acoustic Vehicle Alerting Systems Market Trends, Growth and Competitive Analysis
Acoustic Vehicle Alerting Systems Market Trends, Growth and Competitive Analysis
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Global Acoustic Vehicle Alerting Systems Market - Size, Share, Demand, Industry Trends and Opportunities
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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According to market analysis, the Global Acoustic Vehicle Alerting Systems Market is experiencing significant growth driven by factors such as increasing concerns regarding pedestrian safety, rising adoption of electric vehicles, and stringent government regulations mandating the installation of AVAS in electric vehicles to ensure pedestrian safety. The market is segmented on the basis of types, vehicle types, and sales channels.
**Segments**
- **Types:** The market is segmented into external acoustic vehicle alerting systems and internal acoustic vehicle alerting systems. The external AVAS segment is expected to witness high growth due to the increasing demand for pedestrian safety systems in electric vehicles.
- **Vehicle Types:** This segment includes passenger cars, commercial vehicles, and electric two-wheelers. The passenger cars segment holds a significant market share attributed to the increasing production and sales of electric passenger cars globally.
- **Sales Channels:** The sales channels segment comprises OEMs and aftermarket. The OEMs segment dominates the market as automakers are increasingly integrating AVAS in new electric vehicle models to comply with safety regulations.
**Market Players**
- **Tata Autocomp Systems Ltd:** The company offers a range of AVAS solutions for electric vehicles, enhancing pedestrian safety and regulatory compliance.
- **Delphi Technologies:** Delphi Technologies is a key player in the AVAS market, providing innovative sound generation technologies for electric vehicles to ensure pedestrian safety.
- **Daimler AG:** Daimler AG has a strong presence in the AVAS market with its advanced acoustic vehicle alerting systems integrated into Mercedes-Benz electric vehicles.
- **Continental AG:** Continental AG offers a comprehensive portfolio of AVAS solutions for electric vehicles, catering to the growing demand for pedestrian safety systems.
In conclusion, the Global Acoustic Vehicle Alerting Systems Market is witnessing steady growth driven by the increasing adoption of electric vehicles and the implementation of regulations mandating the use of AVAS for pedestrian safety. Key market players such as Tata Autocomp Systems Ltd, Delphi Technologies, Daimler AG, and Continental AG areThe Global Acoustic Vehicle Alerting Systems Market is poised for significant growth in the coming years, driven by various factors impacting the automotive industry. One of the key drivers of this market is the increasing concerns regarding pedestrian safety, especially with the growth in urbanization and the consequent rise in traffic congestion. As electric vehicles gain more traction in the automotive market, there is a growing need for safety measures to address the inherent silence of these vehicles, making AVAS systems crucial for alerting pedestrians and other road users about the presence of electric vehicles.
The market segmentation into external and internal acoustic vehicle alerting systems offers insights into the specific preferences and requirements of consumers and automotive manufacturers. The external AVAS segment is expected to witness significant growth due to the emphasis on improving pedestrian safety through audible alerts. As governments worldwide enforce regulations mandating the installation of AVAS in electric vehicles, manufacturers are compelled to invest in developing and incorporating these safety systems in their vehicles.
In terms of vehicle types, the passenger cars segment is a dominant force in driving the market forward, with the increasing production and sales of electric passenger cars globally. The commercial vehicles and electric two-wheelers segments are also contributing to the market growth but to a lesser extent. The sales channels segment highlights the role of OEMs in spearheading the integration of AVAS in new electric vehicle models to comply with safety regulations. The aftermarket segment, though smaller, offers opportunities for companies to provide retrofit AVAS solutions for existing electric vehicles.
Key market players such as Tata Autocomp Systems Ltd, Delphi Technologies, Daimler AG, and Continental AG play pivotal roles in shaping the market landscape with their innovative AVAS solutions. Tata Autocomp Systems Ltd's comprehensive range of AVAS solutions caters to the increasing demand for pedestrian safety systems in electric vehicles. Delphi Technologies' focus on developing sound generation technologies for electric vehicles underscores its commitment to ensuring pedestrian safety. Daimler AG's advanced acoustic vehicle alerting systems integrated into Mercedes-Benz electric vehicles showcase the**Segments**
- **Global Acoustic Vehicle Alerting Systems Market, By Vehicle Type:** The market is segmented into passenger cars, two-wheelers, and commercial vehicles. Passenger cars hold a significant market share attributed to the increasing production and sales of electric passenger cars globally. Two-wheelers and commercial vehicles also contribute to the market growth, with a focus on enhancing pedestrian safety through AVAS systems.
- **Global Acoustic Vehicle Alerting Systems Market, By Propulsion:** This segment includes battery electric vehicles, hybrid electric vehicles, and plug-in hybrid electric vehicles. The increasing adoption of electric vehicles is driving the demand for AVAS systems to ensure pedestrian safety and regulatory compliance. AVAS systems play a crucial role in alerting pedestrians and other road users about the presence of silent electric vehicles on the road.
- **Global Acoustic Vehicle Alerting Systems Market, By Electric Two-Wheelers:** Sub-segments include e-scooter/moped and e-motorcycle. The growing popularity of electric two-wheelers necessitates the integration of AVAS systems to enhance safety for riders and pedestrians. The mounting position of AVAS systems, whether integrated or separated, also influences consumer preferences and market trends.
- **Global Acoustic Vehicle Alerting Systems Market, By Sales Channel:** This segment comprises OEM and aftermarket sales channels. OEMs play a significant role in driving market growth by integrating AVAS systems into new electric vehicle models to comply with safety regulations. The aftermarket segment offers opportunities for companies to provide retrofit AV
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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