The Acoustic Vehicle Alerting System Market is projected to grow at a CAGR 36.79% rate during the forecast period owing to the increasing installation of AVAS in passenger car and commercial vehicle and emphasis on commuter safety across the globe to enhance pedestrian safety creates opportunities for OEMs to research and develop an efficient and safer electric vehicle. Due to the implementation mandate for acoustic vehicle alerting system the European acoustic vehicle projected to grow fast owing to higher sales of BEV over PHEV and FCEV.The BEV segment expected to hold the largest market share because BEVs as these vehicles are powered by battery alone and emit very low noise while driving below 20km/h.
Electric commercial vehicles will growth because several countries are expected to replace their existing fuel-based bus fleet with electric buses. Acoustic vehicle alerting system will be installed in a commercial vehicle as per regulations to ensure the safety of other commuters on the road. Additionally, the growth of e-commerce, logistics, and shared mobility will drive the growth of electric commercial vehicles during the forecast period.
Asia Pacific is expected to be the fastest-growing market due to the strong presence of major electric vehicle manufacturing OEMs, however, the standardization of sound emitted by these systems can create a hurdle for its growth followed by Europe and North America. The automotive industry in countries such as China, Japan, and South Korea is inclined toward innovation, technology, and development of advanced electric vehicles. Market experts predict EVs to account for approximately 50% of the market share in China by 2025. The governments in these countries have recognized the growth potential of electric vehicles and the advantages of using them.
Key Market Players include Delphi (Ireland), Daimler (Germany), Mando-Hella Electronics (South Korea), and Harman (US), among others.
Critical Questions:
- Many companies are operating in the acoustic vehicle alerting system market space across the globe. Do you know who are the front leaders, and what strategies have been adopted by them?
- Fast-paced developments in acoustic vehicle alerting system such as Generation 1 and Generation 2 system offered by leading manufacturers are expected to change the dynamics of acoustic vehicle alerting system market. How will this transform the overall market?
- Which leading companies are working on the installation of AVAS in passenger car and on commercial vehicles, and what organic and inorganic strategies have been adopted by them?
- Analysis of your competition that includes major players in the electric vehicle charging ecosystem. The major players include Daimler (Germany), Delphi (Ireland), Harman (US), and Mando-Hella Electronics (South Korea), among others.
- Discussion on your client’s imperatives based on our existing research on electric vehicle market and its ecosystems.
- Introduction
- Market Definition
- Study Scope
- Study Period
- Market Stakeholders
- Research Methodology
- Secondary Research
- Primary Research
- Research Design
- Data Validation
- Limitations and Assumptions
- Executive Summary
- Market Dynamics
- Drivers
- Government Mandates for Implementation of AVAS
- Increasing Sales of Electric Vehicles
- Increased Emphasis on Commuter Safety
- Opportunities
- Shared Mobility
- Challenges
- Government Regulations Regarding AVAS
- Standardization of Sounds Emitted By AVAS
- AVAS Market, By Sales Channel
- OEM
- Aftermarket
- AVAS Market, By Propulsion Type
- BEV
- PHEV
- FCEV
- AVAS Market, By Vehicle Type
- Passenger Cars
- Commercial Vehicles
- AVAS Market, By Mounting Position Type
- Separated
- Integrated
- AVAS Market, By Electric Two Wheeler Type
- E-Mopeds/Scooters
- E-Motorcycles
- AVAS Market, By Region
- Asia-Pacific
- China
- Japan
- India
- South Korea
- North America
- S.
- Canada
- Europe
- Germany
- France
- Sweden
- Denmark
- The Netherlands
- Norway
- Spain
- Austria
- Switzerland
- Company Profiles
- Delphi Technologies
- Denso Corporation
- Continental AG
- Nissan Motor Company Ltd.
- Tesla Inc.
- Daimler AG
- Volkswagen AG
- Sound Racer
- BMW AG
- Honda Motor Co., Ltd.
- Mando-Hella Electronics Corp.
- Aptiv
- Kufatec GmbH & Co. Kg
- Kendrion N.V.
- Brigade Electronics
*Company introduction, financial information, recent developments, SWOT analysis
- Conclusion and Recommendations
- Appendix
- About
- Related Reports
- Glossary
