PUBLISHER: BIS Research | PRODUCT CODE: 1537529
PUBLISHER: BIS Research | PRODUCT CODE: 1537529
Acoustic Electric Vehicle Alerting Systems (AEVAS) Market - A Global and Regional Analysis: Focus on Vehicle Type, Propulsion Type, Sales Channel, Mounting Position, Component, Technology Type, and Region - Analysis and Forecast, 2024-2034
Introduction to Acoustic Electric Vehicle Alerting Systems (AEVAS) Market
The acoustic electric vehicle alerting system (AEVAS) market is witnessing significant growth, primarily fueled by the rising adoption of electric and hybrid vehicles. These vehicles tend to operate quietly at low speeds, presenting a potential hazard to pedestrians, especially those with visual impairments. To address this safety concern, regulations in various regions now require electric and hybrid vehicles to be equipped with AEVAS. This system not only produces an artificial noise to alert pedestrians but also enhances safety. Furthermore, AEVAS improves the driving experience by modulating external noise levels and refining the interior auditory environment of the vehicle. In an optimistic scenario, the market would be evaluated at a valuation of $1.22 billion in 2024 and projected to expand at a CAGR of 6.73% to reach $2.34 billion by 2034.
| KEY MARKET STATISTICS | |
|---|---|
| Forecast Period | 2024 - 2034 |
| 2024 Evaluation | $1.22 Billion |
| 2034 Forecast | $2.34 Billion |
| CAGR | 6.73% |
The market's expansion is propelled by stringent government regulations and the growing awareness of pedestrian safety. Key automotive manufacturers are integrating AEVAS to comply with safety standards and improve the overall safety profile of their vehicles. Additionally, technological advancements in sound engineering and the development of customizable AEVAS solutions are contributing to market growth.
Major players in the AEVAS market include HARMAN International, Brigade Electronics, Denso Corporation, and Delphi Technologies, among others. These companies are focusing on innovation and strategic partnerships to enhance their product offerings and expand their market presence. As the demand for electric and hybrid vehicles continues to rise, the AEVAS market is poised for significant growth, playing a crucial role in ensuring pedestrian safety in the era of silent vehicles.
Market Segmentation:
Segmentation 1: by Vehicle Type
- Two-Wheelers
- E-Scooters/Mopeds
- E-Motorcycles
- Passenger Vehicles
- Commercial Vehicles
- Light Commercial Vehicles
- Heavy Commercial Vehicles
Segmentation 2: by Propulsion Type
- Battery Electric Vehicles (BEV)
- Plug-in Hybrid Electric Vehicles (PHEV)
- Hybrid Electric Vehicles (HEV)
Segmentation 3: by Sales Channel
- Original Equipment Manufacturer (OEM)
- Aftermarket
Segmentation 4: by Mounting Position
- Integrated
- Separated
Segmentation 5: by Component
- Speaker
- Control Unit
- Sensor
Segmentation 6: by Technology Type
- Synthesized Sound System
- Actual Sound System
Segmentation 7: by Region
- North America
- Europe
- Asia-Pacific
- Rest-of-the-World
How can this Report add value to an Organization?
Product/Innovation Strategy: This report provides a comprehensive product/innovation strategy for the acoustic electric vehicle alerting systems (AEVAS) market, identifying opportunities for market entry, technology adoption, and sustainable growth. It offers actionable insights, helping organizations gain a competitive edge, and capitalize on the increasing demand.
Growth/Marketing Strategy: This report offers a comprehensive growth and marketing strategy designed specifically for the acoustic electric vehicle alerting systems (AEVAS) market. It presents a targeted approach to identifying specialized market segments, establishing a competitive advantage, and implementing creative marketing initiatives aimed at optimizing market share and financial performance. By harnessing these strategic recommendations, organizations can elevate their market presence, seize emerging prospects, and efficiently propel revenue expansion.
Competitive Strategy: This report crafts a strong competitive strategy tailored to the acoustic electric vehicle alerting systems (AEVAS) market. It evaluates market rivals, suggests methods to stand out, and offers guidance for maintaining a competitive edge. By adhering to these strategic directives, companies can position themselves effectively in the face of market competition, ensuring sustained prosperity and profitability.
Key Market Players and Competition Synopsis
The companies that are profiled have been selected based on thorough secondary research, which includes analyzing company coverage, product portfolio, market penetration, and insights gathered from primary experts.
Some of the prominent companies in this market are:
- HELLA GmbH & Co. KGaA
- Harman International
- Mercedes-Benz AG
- Brigade Electronics Group Plc
- Kendrion N.V.
- DENSO ELECTRONICS CORPORATION
Table of Contents
Executive Summary
Scope and Definition
Market/Product Definition
Key Questions Answered
Analysis and Forecast Note
1. Markets: Industry Outlook
- 1.1 Trends: Current and Future Impact Assessment
- 1.1.1 Rising Adoption of Electric Vehicles
- 1.1.2 Increased Emphasis on Pedestrian Safety
- 1.2 Supply Chain Overview
- 1.2.1 Value Chain Analysis
- 1.2.2 Pricing Forecast
- 1.3 R&D Review
- 1.3.1 Patent Filing Trend by Country, by Company
- 1.4 Regulatory Landscape
- 1.5 Stakeholder Analysis
- 1.5.1 Use Case
- 1.5.2 End User and Buying Criteria
- 1.6 Impact Analysis for Key Global Events
- 1.7 Market Dynamics Overview
- 1.7.1 Market Drivers
- 1.7.2 Market Restraints
- 1.7.3 Market Opportunities
2. Acoustic Electric Vehicle Alerting Systems Market (by Application)
- 2.1 Application Segmentation
- 2.2 Application Summary
- 2.3 Acoustic Electric Vehicle Alerting Systems Market (by Vehicle Type)
- 2.3.1 Two-Wheelers
- 2.3.1.1 E-Scooters/Mopeds
- 2.3.1.2 E-Motorcycles
- 2.3.2 Passenger Vehicles
- 2.3.3 Commercial Vehicles
- 2.3.3.1 Light Commercial Vehicles
- 2.3.3.2 Heavy Commercial Vehicles
- 2.3.1 Two-Wheelers
3. Acoustic Electric Vehicle Alerting Systems Market (by Product)
- 3.1 Product Segmentation
- 3.2 Product Summary
- 3.3 Acoustic Electric Vehicle Alerting Systems Market (by Propulsion Type)
- 3.3.1 Battery Electric Vehicles (BEV)
- 3.3.2 Plug-in Hybrid Electric Vehicles (PHEV)
- 3.3.3 Hybrid Electric Vehicles (HEV)
- 3.4 Acoustic Electric Vehicle Alerting Systems Market (by Sales Channel)
- 3.4.1 Original Equipment Manufacturer (OEM)
- 3.4.2 Aftermarket
- 3.5 Acoustic Electric Vehicle Alerting Systems Market (by Mounting Position)
- 3.5.1 Integrated
- 3.5.2 Separated
- 3.6 Acoustic Electric Vehicle Alerting Systems Market (by Component)
- 3.6.1 Speaker
- 3.6.2 Control Unit
- 3.6.3 Sensor
- 3.7 Acoustic Electric Vehicle Alerting Systems Market (by Technology Type)
- 3.7.1 Synthesized Sound System
- 3.7.2 Actual Sound System
4. Acoustic Electric Vehicle Alerting Systems Market (by Region)
- 4.1 Acoustic Electric Vehicle Alerting Systems Market (by Region)
- 4.2 North America
- 4.2.1 Regional Overview
- 4.2.2 Driving Factors for Market Growth
- 4.2.3 Factors Challenging the Market
- 4.2.4 Application
- 4.2.5 Product
- 4.2.6 U.S.
- 4.2.6.1 Market by Application
- 4.2.6.2 Market by Product
- 4.2.7 Canada
- 4.2.7.1 Market by Application
- 4.2.7.2 Market by Product
- 4.2.8 Mexico
- 4.2.8.1 Market by Application
- 4.2.8.2 Market by Product
- 4.3 Europe
- 4.3.1 Regional Overview
- 4.3.2 Driving Factors for Market Growth
- 4.3.3 Factors Challenging the Market
- 4.3.4 Application
- 4.3.5 Product
- 4.3.6 Germany
- 4.3.6.1 Market by Application
- 4.3.6.2 Market by Product
- 4.3.7 France
- 4.3.7.1 Market by Application
- 4.3.7.2 Market by Product
- 4.3.8 U.K.
- 4.3.8.1 Market by Application
- 4.3.8.2 Market by Product
- 4.3.9 Italy
- 4.3.9.1 Market by Application
- 4.3.9.2 Market by Product
- 4.3.10 Rest-of-Europe
- 4.3.10.1 Market by Application
- 4.3.10.2 Market by Product
- 4.4 Asia-Pacific
- 4.4.1 Regional Overview
- 4.4.2 Driving Factors for Market Growth
- 4.4.3 Factors Challenging the Market
- 4.4.4 Application
- 4.4.5 Product
- 4.4.6 China
- 4.4.6.1 Market by Application
- 4.4.6.2 Market by Product
- 4.4.7 Japan
- 4.4.7.1 Market by Application
- 4.4.7.2 Market by Product
- 4.4.8 India
- 4.4.8.1 Market by Application
- 4.4.8.2 Market by Product
- 4.4.9 South Korea
- 4.4.9.1 Market by Application
- 4.4.9.2 Market by Product
- 4.4.10 Rest-of-Asia-Pacific
- 4.4.10.1 Market by Application
- 4.4.10.2 Market by Product
- 4.5 Rest-of-the-World
- 4.5.1 Regional Overview
- 4.5.2 Driving Factors for Market Growth
- 4.5.3 Factors Challenging the Market
- 4.5.4 Application
- 4.5.5 Product
- 4.5.6 South America
- 4.5.6.1 Market by Application
- 4.5.6.2 Market by Product
- 4.5.7 Middle East and Africa
- 4.5.7.1 Market by Application
- 4.5.7.2 Market by Product
5. Companies Profiled
- 5.1 Next Frontiers
- 5.2 Geographic Assessment
- 5.2.1 HELLA GmbH & Co. KGaA
- 5.2.1.1 Overview
- 5.2.1.2 Top Products/Product Portfolio
- 5.2.1.3 Top Competitors
- 5.2.1.4 Target Customers
- 5.2.1.5 Key Personnel
- 5.2.1.6 Analyst View
- 5.2.1.7 Market Share
- 5.2.2 Brigade Electronics Group Plc
- 5.2.2.1 Overview
- 5.2.2.2 Top Products/Product Portfolio
- 5.2.2.3 Top Competitors
- 5.2.2.4 Target Customers
- 5.2.2.5 Key Personnel
- 5.2.2.6 Analyst View
- 5.2.2.7 Market Share
- 5.2.3 Mercedes-Benz AG
- 5.2.3.1 Overview
- 5.2.3.2 Top Products/Product Portfolio
- 5.2.3.3 Top Competitors
- 5.2.3.4 Target Customers
- 5.2.3.5 Key Personnel
- 5.2.3.6 Analyst View
- 5.2.3.7 Market Share
- 5.2.4 Continental Engineering Services
- 5.2.4.1 Overview
- 5.2.4.2 Top Products/Product Portfolio
- 5.2.4.3 Top Competitors
- 5.2.4.4 Target Customers
- 5.2.4.5 Key Personnel
- 5.2.4.6 Analyst View
- 5.2.4.7 Market Share
- 5.2.5 Harman International
- 5.2.5.1 Overview
- 5.2.5.2 Top Products/Product Portfolio
- 5.2.5.3 Top Competitors
- 5.2.5.4 Target Customers
- 5.2.5.5 Key Personnel
- 5.2.5.6 Analyst View
- 5.2.5.7 Market Share
- 5.2.6 Robert Bosch GmbH
- 5.2.6.1 Overview
- 5.2.6.2 Top Products/Product Portfolio
- 5.2.6.3 Top Competitors
- 5.2.6.4 Target Customers
- 5.2.6.5 Key Personnel
- 5.2.6.6 Analyst View
- 5.2.6.7 Market Share
- 5.2.7 Kendrion N.V.
- 5.2.7.1 Overview
- 5.2.7.2 Top Products/Product Portfolio
- 5.2.7.3 Top Competitors
- 5.2.7.4 Target Customers
- 5.2.7.5 Key Personnel
- 5.2.7.6 Analyst View
- 5.2.7.7 Market Share
- 5.2.8 DENSO ELECTRONICS CORPORATION
- 5.2.8.1 Overview
- 5.2.8.2 Top Products/Product Portfolio
- 5.2.8.3 Top Competitors
- 5.2.8.4 Target Customers
- 5.2.8.5 Key Personnel
- 5.2.8.6 Analyst View
- 5.2.8.7 Market Share
- 5.2.9 Evess || SoundRacer - Electric Vehicle Sound technology
- 5.2.9.1 Overview
- 5.2.9.2 Top Products/Product Portfolio
- 5.2.9.3 Top Competitors
- 5.2.9.4 Target Customers
- 5.2.9.5 Key Personnel
- 5.2.9.6 Analyst View
- 5.2.9.7 Market Share
- 5.2.10 Aptiv
- 5.2.10.1 Overview
- 5.2.10.2 Top Products/Product Portfolio
- 5.2.10.3 Top Competitors
- 5.2.10.4 Target Customers
- 5.2.10.5 Key Personnel
- 5.2.10.6 Analyst View
- 5.2.10.7 Market Share
- 5.2.11 Lear
- 5.2.11.1 Overview
- 5.2.11.2 Top Products/Product Portfolio
- 5.2.11.3 Top Competitors
- 5.2.11.4 Target Customers
- 5.2.11.5 Key Personnel
- 5.2.11.6 Analyst View
- 5.2.11.7 Market Share
- 5.2.12 Hyundai Motor Company
- 5.2.12.1 Overview
- 5.2.12.2 Top Products/Product Portfolio
- 5.2.12.3 Top Competitors
- 5.2.12.4 Target Customers
- 5.2.12.5 Key Personnel
- 5.2.12.6 Analyst View
- 5.2.12.7 Market Share
- 5.2.13 Daimler Truck AG
- 5.2.13.1 Overview
- 5.2.13.2 Top Products/Product Portfolio
- 5.2.13.3 Top Competitors
- 5.2.13.4 Target Customers
- 5.2.13.5 Key Personnel
- 5.2.13.6 Analyst View
- 5.2.13.7 Market Share
- 5.2.14 Texas Instruments Incorporated
- 5.2.14.1 Overview
- 5.2.14.2 Top Products/Product Portfolio
- 5.2.14.3 Top Competitors
- 5.2.14.4 Target Customers
- 5.2.14.5 Key Personnel
- 5.2.14.6 Analyst View
- 5.2.14.7 Market Share
- 5.2.15 Valeo
- 5.2.15.1 Overview
- 5.2.15.2 Top Products/Product Portfolio
- 5.2.15.3 Top Competitors
- 5.2.15.4 Target Customers
- 5.2.15.5 Key Personnel
- 5.2.15.6 Analyst View
- 5.2.15.7 Market Share
- 5.2.16 Other Key Companies
- 5.2.1 HELLA GmbH & Co. KGaA
6. Research Methodology
