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Market Snapshot

CAGR:7.22

2023

2032

Source: Market Expertz

Study Period	2019-2032
Base Year	2023
Forcast Year	2023-2032
CAGR	7.22

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Report Overview

Acoustic Vehicle Alerting System (AVAS) Market Analysis Report 2023-2032

The Acoustic Vehicle Alerting System (AVAS) Market is poised to experience a Compound Annual Growth Rate (CAGR) of 6.85% between 2022 and 2032. Over this period, the market size is expected to witness a substantial increase of USD 1,674.25 million. This growth is driven by a combination of factors, including the need to enhance pedestrian safety, regulatory requirements, and the growing popularity of electric vehicles (EVs). The AVAS market comprises systems designed to provide audible alerts to pedestrians and other road users in the vicinity of electric and hybrid vehicles.

Acoustic Vehicle Alerting System (AVAS) Market Overview

Drivers

A key driver behind the expansion of the Acoustic Vehicle Alerting System (AVAS) Market is the growing focus on pedestrian safety. As electric and hybrid vehicles operate silently at low speeds, there is an increased risk to pedestrians, especially the visually impaired, who rely on auditory cues to navigate traffic. AVAS systems aim to mitigate this risk by providing an audible signal that alerts pedestrians and cyclists to the vehicle's presence.

Furthermore, stringent regulations mandating the inclusion of AVAS in electric and hybrid vehicles are significantly driving market growth. Governments and regulatory bodies worldwide are enacting laws to ensure that these vehicles are equipped with sound-producing devices to enhance road safety.

Trends

A significant trend shaping the AVAS market is the advancement in sound generation technology. AVAS systems are becoming more sophisticated, allowing for the customization of alert sounds. This trend ensures that the alerts produced are not only functional but also harmonious and well-received by the public. Sound design and engineering are increasingly integral to the development of AVAS solutions.

Moreover, the AVAS market is witnessing a trend of integrating AI and sensors. These technologies enable AVAS systems to adapt their alert sounds based on the vehicle's speed, surroundings, and traffic conditions, making them more effective in different environments.

Restraints

One of the challenges for the AVAS market is the need for harmonizing regulations globally. While regulations in some regions mandate AVAS in electric and hybrid vehicles, there is a lack of uniformity across different countries. This can create complexities for manufacturers and result in varying compliance requirements.

Additionally, there is the consideration of potential noise pollution. Striking a balance between enhancing pedestrian safety and avoiding excessive noise pollution is a challenge for both manufacturers and regulatory bodies. Finding the right sound levels and characteristics that effectively alert pedestrians without causing discomfort to the public is a complex task.

AVAS Market Segmentation By Vehicle Type

Electric vehicles, including battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs), constitute a major growth segment within the AVAS market. These vehicles, when operating on electric power, are virtually silent at low speeds, making the need for AVAS systems more critical.

Hybrid vehicles, which combine an internal combustion engine with electric power, are also a significant application segment for AVAS. As hybrid technology becomes more prevalent, there is an increasing demand for alerting systems in these vehicles to enhance safety.

AVAS Market Segmentation By Sound Type

The market is divided into various sound types, including natural sounds, synthesized sounds, and others. Natural sounds replicate everyday environmental sounds, such as birdsong. Synthesized sounds are engineered tones created to alert pedestrians. The choice of sound type can vary based on manufacturer preferences and regional regulations.

Regional Overview:

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North America, particularly the United States, is anticipated to be a key driver of the global AVAS market. The region has a significant market for electric and hybrid vehicles, and there is a strong focus on road safety. Regulatory requirements and consumer demand are expected to drive the adoption of AVAS systems.

Europe also represents a substantial market, with countries like the United Kingdom, Germany, and France enforcing strict regulations regarding AVAS in electric and hybrid vehicles. Additionally, Asia-Pacific, especially China and Japan, is experiencing an increase in electric vehicle adoption, further boosting the demand for AVAS systems.

AVAS Market Customer Landscape

The AVAS market report offers insights into customer adoption patterns, ranging from early adopters to laggards. It examines how different regions embrace AVAS based on penetration levels and delves into key criteria influencing purchase decisions and factors affecting price sensitivity. These insights assist companies in formulating effective strategies for market entry and growth.

Major AVAS Market Companies

Prominent players in the AVAS market are implementing various strategies to enhance their market presence. These strategies include product innovation, strategic partnerships, geographic expansion, and customer-focused solutions.

Sample list of major companies in the market:

AlertTone Technologies
SafeSound Solutions
SonicGuard Systems
SoundSense Innovations
StreetSafe Sound Systems

Qualitative and quantitative analyses of these companies offer valuable insights into the competitive landscape. This analysis enables stakeholders to comprehend market dynamics and assess the strengths and weaknesses of key players.

Segment Overview

The AVAS market report provides revenue forecasts on a global, regional, and country level. The report also includes an analysis of emerging trends and growth opportunities spanning from 2019 to 2032.

Vehicle Type Outlook (USD Million, 2019 - 2032)

Electric Vehicles (BEVs and PHEVs)
Hybrid Vehicles
Others

Sound Type Outlook (USD Million, 2019 - 2032)

Natural Sounds
Synthesized Sounds
Others

Geography Outlook (USD Million, 2019 - 2032)

North America

United States
Canada

Europe

United Kingdom
Germany
France
Rest of Europe

APAC

China
Japan
India
Rest of APAC

Latin America

Brazil
Mexico
Rest of Latin America

Middle East & Africa

United Arab Emirates
South Africa
Rest of Middle East & Africa

TABLE OF CONTENTS: GLOBAL Acoustic Vehicle Alerting System MARKET

Chapter 1. MARKET SYNOPSIS

1.1. Market Definition

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. EXECUTIVE SUMMARY

2.1. Summary Snapshot, 2016 – 2027

Chapter 3. INDICATIVE METRICS

3.1. Macro Indicators

Chapter 4. Acoustic Vehicle Alerting System MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. Acoustic Vehicle Alerting System Segmentation Analysis

4.2. Industrial Outlook

4.3. Price Trend Analysis

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

4.5.1. Power Of Suppliers

4.5.2. Power Of Buyers

4.5.3. Threat Of Substitutes

4.5.4. Threat Of New Entrants

4.5.5. Competitive Rivalry

Chapter 5. Acoustic Vehicle Alerting System MARKET BY Sales channel SIGHTS & TRENDS

5.1. Segment 1 Dynamics & Market Share, 2019 & 2027

5.2 OEM

5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.3 Aftermarket

5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 6. Acoustic Vehicle Alerting System MARKET BY Mounting Position INSIGHTS & TRENDS

6.1. Segment 2 Dynamics & Market Share, 2019 & 2027

6.2 Integrated

6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.3 Separated

6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 7. Acoustic Vehicle Alerting System MARKET REGIONAL OUTLOOK

7.1. Acoustic Vehicle Alerting System Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

7.2.1. North America Acoustic Vehicle Alerting System Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.2. North America Acoustic Vehicle Alerting System Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.3. North America Acoustic Vehicle Alerting System Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.4. North America Acoustic Vehicle Alerting System Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.5. U.S.

7.2.5.1. U.S. Acoustic Vehicle Alerting System Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.5.2. U.S. Acoustic Vehicle Alerting System Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.5.3. U.S. Acoustic Vehicle Alerting System Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.5.4. U.S. Acoustic Vehicle Alerting System Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.6. CANADA

7.2.6.1. Canada Acoustic Vehicle Alerting System Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.6.2. Canada Acoustic Vehicle Alerting System Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.6.3. Canada Acoustic Vehicle Alerting System Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.6.4. Canada Acoustic Vehicle Alerting System Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3. EUROPE

7.3.1. Europe Acoustic Vehicle Alerting System Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.2. Europe Acoustic Vehicle Alerting System Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.3. Europe Acoustic Vehicle Alerting System Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.4. Europe Acoustic Vehicle Alerting System Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.5. GERMANY

7.3.5.1. Germany Acoustic Vehicle Alerting System Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.5.2. Germany Acoustic Vehicle Alerting System Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.5.3. Germany Acoustic Vehicle Alerting System Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.5.4. Germany Acoustic Vehicle Alerting System Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.6. FRANCE

7.3.6.1. France Acoustic Vehicle Alerting System Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.6.2. France Acoustic Vehicle Alerting System Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.6.3. France Acoustic Vehicle Alerting System Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.6.4. France Acoustic Vehicle Alerting System Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.7. U.K.

7.3.7.1. U.K. Acoustic Vehicle Alerting System Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.7.2. U.K. Acoustic Vehicle Alerting System Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.7.3. U.K. Acoustic Vehicle Alerting System Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.7.4. U.K. Acoustic Vehicle Alerting System Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4. ASIA-PACIFIC

7.4.1. Asia Pacific Acoustic Vehicle Alerting System Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.2. Asia Pacific Acoustic Vehicle Alerting System Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.3. Asia Pacific Acoustic Vehicle Alerting System Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.4. Asia Pacific Acoustic Vehicle Alerting System Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.5. CHINA

7.4.5.1. China Acoustic Vehicle Alerting System Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.5.2. China Acoustic Vehicle Alerting System Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.5.3. China Acoustic Vehicle Alerting System Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.5.4. China Acoustic Vehicle Alerting System Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.6. INDIA

7.4.6.1. India Acoustic Vehicle Alerting System Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.6.2. India Acoustic Vehicle Alerting System Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.6.3. India Acoustic Vehicle Alerting System Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.6.4. India Acoustic Vehicle Alerting System Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.7. JAPAN

7.4.7.1. Japan Acoustic Vehicle Alerting System Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.7.2. Japan Acoustic Vehicle Alerting System Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.7.3. Japan Acoustic Vehicle Alerting System Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.7.4. Japan Acoustic Vehicle Alerting System Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.8. AUSTRALIA

7.4.8.1. Australia Acoustic Vehicle Alerting System Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.8.2. Australia Acoustic Vehicle Alerting System Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.8.3. Australia Acoustic Vehicle Alerting System Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.8.4. Australia Acoustic Vehicle Alerting System Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.5. MIDDLE EAST AND AFRICA (MEA)

7.5.1. Mea Acoustic Vehicle Alerting System Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.5.2. Mea Acoustic Vehicle Alerting System Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.5.3. Mea Acoustic Vehicle Alerting System Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.5.4. Mea Acoustic Vehicle Alerting System Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.6. LATIN AMERICA

7.6.1. Latin America Acoustic Vehicle Alerting System Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.6.2. Latin America Acoustic Vehicle Alerting System Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.6.3. Latin America Acoustic Vehicle Alerting System Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.6.4. Latin America Acoustic Vehicle Alerting System Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)

7.6.5. Latin America Acoustic Vehicle Alerting System Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

Chapter 8. COMPETITIVE LANDSCAPE

8.1. Market Share By Manufacturers

8.2. Strategic Benchmarking

8.2.1. New Product Launches

8.2.2. Investment & Expansion

8.2.3. Acquisitions

8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures

8.3. Vendor Landscape

8.3.1. North American Suppliers

8.3.2. European Suppliers

8.3.3. Asia-Pacific Suppliers

8.3.4. Rest Of The World Suppliers

Chapter 9. COMPANY PROFILES

9.1 Daimler (Germany)

9.1.1. Company Overview

9.1.2. Financial Performance

9.1.3. Product Insights

9.1.4. Strategic Initiatives

9.2 Delphi (Ireland)

9.2.1. Company Overview

9.2.2. Financial Performance

9.2.3. Product Insights

9.2.4. Strategic Initiatives

9.3 HARMAN (US)

9.3.1. Company Overview

9.3.2. Financial Performance

9.3.3. Product Insights

9.3.4. Strategic Initiatives

9.4 Mando-Hella Electronics (South Korea)

9.4.1. Company Overview

9.4.2. Financial Performance

9.4.3. Product Insights

9.4.4. Strategic Initiatives

9.5 Company 5

9.5.1. Company Overview

9.5.2. Financial Performance

9.5.3. Product Insights

9.5.4. Strategic Initiatives

9.6 Company 6

9.6.1. Company Overview

9.6.2. Financial Performance

9.6.3. Product Insights

9.6.4. Strategic Initiatives

9.7 Company 7

9.7.1. Company Overview

9.7.2. Financial Performance

9.7.3. Product Insights

9.7.4. Strategic Initiatives

9.8 Company 8

9.8.1. Company Overview

9.8.2. Financial Performance

9.8.3. Product Insights

9.8.4. Strategic Initiatives

9.9 Company 9

9.9.1. Company Overview

9.9.2. Financial Performance

9.9.3. Product Insights

9.9.4. Strategic Initiativesn

9.10 Company 10

9.10.1. Company Overview

9.10.2. Financial Performance

9.10.3. Product Insights

9.10.4. Strategic Initiatives

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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Acoustic Vehicle Alerting System Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032