PUBLISHER: Value Market Research | PRODUCT CODE: 1314723
PUBLISHER: Value Market Research | PRODUCT CODE: 1314723
The global demand for Acoustic Vehicle Alerting System Market is presumed to reach the market size of nearly USD 16.86 MN by 2030 from USD 1.18 MN in 2022 with a CAGR of 39.5% under the study period 2023 - 2030. Regarding volume, the market was calculated XX Units in 2022 and forecast to touch XX Units by 2030 with a CAGR of XX% during 2023-2030.
The acoustic vehicle alerting system (AVAS) is a technology designed to improve the safety of electric and hybrid vehicles by emitting artificial sound to alert pedestrians and other road users of the vehicle's presence. Electric and hybrid vehicles, due to their quiet operation at low speeds, pose a potential risk to pedestrians, especially those with visual impairments who rely on auditory cues to detect approaching vehicles. Its purpose is to replicate the sound of a conventional internal combustion engine, providing an audible warning to pedestrians, cyclists, and other vulnerable road users. The system typically uses external speakers strategically placed around the vehicle to emit sounds that vary in pitch and volume based on the vehicle's speed and acceleration.
The regulations and safety standards mandating the use of AVAS in electric and hybrid vehicles play a significant role. These regulations aim to ensure the safety of pedestrians, particularly those with visual impairments, by requiring vehicles to emit artificial sounds. The rising electric and hybrid vehicles has raised concerns about pedestrian safety due to their quiet operation. AVAS systems address this concern by providing audible alerts, reducing the risk of accidents and collisions. As more electric and hybrid vehicles are adopted, the need for AVAS becomes more prominent. Technological advancements in this technology, such as improved speaker systems and integration with vehicle sensors, enhance effectiveness and acceptance. Moreover, an acoustic vehicle alerting system enhances the overall pedestrian experience by creating awareness and improving communication between vehicles and pedestrians. Efforts towards international harmonization of AVAS regulations and standards also facilitate market growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of acoustic vehicle alerting system. The growth and trends of acoustic vehicle alerting system industry provide a holistic approach to this study.
This section of the acoustic vehicle alerting system market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Acoustic Vehicle Alerting System market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Acoustic Vehicle Alerting System market include HARMAN International, Delphi Technologies, Daimler AG, Nissan Motor Corporation, MANDO-HELLA Electronics Corp., KUFATEC GmbH & Co. KG, Brigade Electronics, Texas Instruments, Kendrion, SoundRacer AB. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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