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Acoustic Vehicle Alert System Market Size, Share & Trends Analysis Report By Propulsion Type (Battery Electric Vehicle (BEV), and Plug -In Hybrid Electric Vehicle (PHEV)), By Vehicle Type, By Regional Outlook and Forecast, 2023 - 2030

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    Report

  • 188 Pages
  • February 2024
  • Region: Global
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5943422
Description Jump to:
The Global Acoustic Vehicle Alert System Market size is expected to reach $1.5 billion by 2030, rising at a market growth of 12.1% CAGR during the forecast period.

The Asia Pacific region, particularly countries like China and India, has witnessed a steady increase in automobile sales. Therefore, the region captured $221.50 million revenue in the market in 2022. The growth of the automotive sector in these countries has been driven by urbanization, a rising middle class, and increased disposable income. Many countries in the Asia Pacific region have been proactive in implementing regulations aimed at enhancing road safety. Some jurisdictions have mandated the use of AVAS in electric and hybrid vehicles to protect pedestrians.



Regulatory bodies worldwide have a growing consensus regarding the need to address pedestrian safety concerns associated with quiet electric vehicles. The incorporation of audible warning systems ensures that the quiet nature of electric vehicles does not compromise pedestrian safety, especially in urban environments. Hence, these factors will boost the demand for AVAS in the coming years.

Additionally, the global trend of escalating urbanization has led to a significant rise in traffic congestion, presenting challenges for road safety in crowded urban environments. Many urban areas feature intricate road networks, including multi-lane roads, roundabouts, and pedestrian crossings. AVAS mitigate risks in these complex infrastructures by providing timely alerts to all road users about the movement of nearby vehicles. Thus, these factors will lead to increased demand in the market.

However, the automotive landscape boasts many vehicle models with unique architecture and electronic systems. The challenge lies in tailoring acoustic alert systems to seamlessly integrate with this diversity, requiring a nuanced understanding of the intricacies of various vehicle architectures. Ensuring that auditory alerts synchronize effectively with visual displays and other sensory feedback mechanisms demands careful consideration and testing. Hence, owing to these aspects, there can be a downturn in the market.

By Vehicle Type Analysis

On the basis of vehicle type, the market is divided into passenger vehicle, two-wheelers, and commercial vehicle. The passenger vehicle segment dominated the market by 64.43% revenue share in 2022. An increasing recognition among consumers regarding AVAS's protective advantages could motivate automakers to incorporate these systems into a wider variety of passenger vehicles, including those still powered by conventional internal combustion engines.



By Propulsion Type Analysis

Based on propulsion type, the market is segmented into battery electric vehicle (BEV) and plug-in hybrid electric vehicle (PHEV). In 2022, the plug-in hybrid electric vehicle (PHEV) segment garnered 33.18% revenue share in the market. Many countries and regions have introduced or are planning to introduce regulations mandating the inclusion of AVAS in electric and hybrid vehicles. Compliance with these regulations will likely drive AVAS system installation in PHEVs. Therefore, owing to these factors, there will be enhanced growth in the segment.

By Regional Analysis

By region, the market is segmented into North America, Europe, Asia Pacific, and LAMEA. In 2022, the Europe segment acquired 28.9% revenue share in the market. Europe has seen a steady increase in electric vehicle (EV) adoption. Stricter safety regulations and standards in the automotive industry, particularly related to pedestrian safety, drive the adoption of safety features such as acoustic vehicle alert systems. Hence, the segment will grow rapidly in the coming years.

List of Key Companies Profiled

  • Continental AG
  • STMicroelectronics N.V.
  • HELLA GmbH & Co. KGaA
  • Mercedes-Benz Group AG
  • Brigade Electronics Group PLC
  • Harman International Industries, Inc. (Samsung Electronics Co., Ltd.)
  • Honda Motor Co. Ltd.
  • Kendrion N.V.
  • Soundracer AB
  • Maruti Suzuki India Limited

Market Report Segmentation

By Propulsion Type
  • Battery Electric Vehicle (BEV)
  • Plug -In Hybrid Electric Vehicle (PHEV)
By Vehicle Type
  • Passenger Vehicle
  • Two-Wheelers
  • Commercial Vehicle
By Geography
  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Netherlands
  • Norway
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Taiwan
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Acoustic Vehicle Alert System Market, by Propulsion Type
1.4.2 Global Acoustic Vehicle Alert System Market, by Vehicle Type
1.4.3 Global Acoustic Vehicle Alert System Market, by Geography
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter’s Five Forces Analysis
Chapter 4. Global Acoustic Vehicle Alert System Market by Propulsion Type
4.1 Global Battery Electric Vehicle (BEV) Market by Region
4.2 Global Plug -In Hybrid Electric Vehicle (PHEV) Market by Region
Chapter 5. Global Acoustic Vehicle Alert System Market by Vehicle Type
5.1 Global Passenger Vehicle Market by Region
5.2 Global Two-Wheelers Market by Region
5.3 Global Commercial Vehicle Market by Region
Chapter 6. Global Acoustic Vehicle Alert System Market by Region
6.1 North America Acoustic Vehicle Alert System Market
6.1.1 North America Acoustic Vehicle Alert System Market by Propulsion Type
6.1.1.1 North America Battery Electric Vehicle (BEV) Market by Country
6.1.1.2 North America Plug -In Hybrid Electric Vehicle (PHEV) Market by Country
6.1.2 North America Acoustic Vehicle Alert System Market by Vehicle Type
6.1.2.1 North America Passenger Vehicle Market by Country
6.1.2.2 North America Two-Wheelers Market by Country
6.1.2.3 North America Commercial Vehicle Market by Country
6.1.3 North America Acoustic Vehicle Alert System Market by Country
6.1.3.1 US Acoustic Vehicle Alert System Market
6.1.3.1.1 US Acoustic Vehicle Alert System Market by Propulsion Type
6.1.3.1.2 US Acoustic Vehicle Alert System Market by Vehicle Type
6.1.3.2 Canada Acoustic Vehicle Alert System Market
6.1.3.2.1 Canada Acoustic Vehicle Alert System Market by Propulsion Type
6.1.3.2.2 Canada Acoustic Vehicle Alert System Market by Vehicle Type
6.1.3.3 Mexico Acoustic Vehicle Alert System Market
6.1.3.3.1 Mexico Acoustic Vehicle Alert System Market by Propulsion Type
6.1.3.3.2 Mexico Acoustic Vehicle Alert System Market by Vehicle Type
6.1.3.4 Rest of North America Acoustic Vehicle Alert System Market
6.1.3.4.1 Rest of North America Acoustic Vehicle Alert System Market by Propulsion Type
6.1.3.4.2 Rest of North America Acoustic Vehicle Alert System Market by Vehicle Type
6.2 Europe Acoustic Vehicle Alert System Market
6.2.1 Europe Acoustic Vehicle Alert System Market by Propulsion Type
6.2.1.1 Europe Battery Electric Vehicle (BEV) Market by Country
6.2.1.2 Europe Plug -In Hybrid Electric Vehicle (PHEV) Market by Country
6.2.2 Europe Acoustic Vehicle Alert System Market by Vehicle Type
6.2.2.1 Europe Passenger Vehicle Market by Country
6.2.2.2 Europe Two-Wheelers Market by Country
6.2.2.3 Europe Commercial Vehicle Market by Country
6.2.3 Europe Acoustic Vehicle Alert System Market by Country
6.2.3.1 Germany Acoustic Vehicle Alert System Market
6.2.3.1.1 Germany Acoustic Vehicle Alert System Market by Propulsion Type
6.2.3.1.2 Germany Acoustic Vehicle Alert System Market by Vehicle Type
6.2.3.2 UK Acoustic Vehicle Alert System Market
6.2.3.2.1 UK Acoustic Vehicle Alert System Market by Propulsion Type
6.2.3.2.2 UK Acoustic Vehicle Alert System Market by Vehicle Type
6.2.3.3 France Acoustic Vehicle Alert System Market
6.2.3.3.1 France Acoustic Vehicle Alert System Market by Propulsion Type
6.2.3.3.2 France Acoustic Vehicle Alert System Market by Vehicle Type
6.2.3.4 Russia Acoustic Vehicle Alert System Market
6.2.3.4.1 Russia Acoustic Vehicle Alert System Market by Propulsion Type
6.2.3.4.2 Russia Acoustic Vehicle Alert System Market by Vehicle Type
6.2.3.5 Netherlands Acoustic Vehicle Alert System Market
6.2.3.5.1 Netherlands Acoustic Vehicle Alert System Market by Propulsion Type
6.2.3.5.2 Netherlands Acoustic Vehicle Alert System Market by Vehicle Type
6.2.3.6 Norway Acoustic Vehicle Alert System Market
6.2.3.6.1 Norway Acoustic Vehicle Alert System Market by Propulsion Type
6.2.3.6.2 Norway Acoustic Vehicle Alert System Market by Vehicle Type
6.2.3.7 Rest of Europe Acoustic Vehicle Alert System Market
6.2.3.7.1 Rest of Europe Acoustic Vehicle Alert System Market by Propulsion Type
6.2.3.7.2 Rest of Europe Acoustic Vehicle Alert System Market by Vehicle Type
6.3 Asia Pacific Acoustic Vehicle Alert System Market
6.3.1 Asia Pacific Acoustic Vehicle Alert System Market by Propulsion Type
6.3.1.1 Asia Pacific Battery Electric Vehicle (BEV) Market by Country
6.3.1.2 Asia Pacific Plug -In Hybrid Electric Vehicle (PHEV) Market by Country
6.3.2 Asia Pacific Acoustic Vehicle Alert System Market by Vehicle Type
6.3.2.1 Asia Pacific Passenger Vehicle Market by Country
6.3.2.2 Asia Pacific Two-Wheelers Market by Country
6.3.2.3 Asia Pacific Commercial Vehicle Market by Country
6.3.3 Asia Pacific Acoustic Vehicle Alert System Market by Country
6.3.3.1 China Acoustic Vehicle Alert System Market
6.3.3.1.1 China Acoustic Vehicle Alert System Market by Propulsion Type
6.3.3.1.2 China Acoustic Vehicle Alert System Market by Vehicle Type
6.3.3.2 Japan Acoustic Vehicle Alert System Market
6.3.3.2.1 Japan Acoustic Vehicle Alert System Market by Propulsion Type
6.3.3.2.2 Japan Acoustic Vehicle Alert System Market by Vehicle Type
6.3.3.3 India Acoustic Vehicle Alert System Market
6.3.3.3.1 India Acoustic Vehicle Alert System Market by Propulsion Type
6.3.3.3.2 India Acoustic Vehicle Alert System Market by Vehicle Type
6.3.3.4 South Korea Acoustic Vehicle Alert System Market
6.3.3.4.1 South Korea Acoustic Vehicle Alert System Market by Propulsion Type
6.3.3.4.2 South Korea Acoustic Vehicle Alert System Market by Vehicle Type
6.3.3.5 Taiwan Acoustic Vehicle Alert System Market
6.3.3.5.1 Taiwan Acoustic Vehicle Alert System Market by Propulsion Type
6.3.3.5.2 Taiwan Acoustic Vehicle Alert System Market by Vehicle Type
6.3.3.6 Malaysia Acoustic Vehicle Alert System Market
6.3.3.6.1 Malaysia Acoustic Vehicle Alert System Market by Propulsion Type
6.3.3.6.2 Malaysia Acoustic Vehicle Alert System Market by Vehicle Type
6.3.3.7 Rest of Asia Pacific Acoustic Vehicle Alert System Market
6.3.3.7.1 Rest of Asia Pacific Acoustic Vehicle Alert System Market by Propulsion Type
6.3.3.7.2 Rest of Asia Pacific Acoustic Vehicle Alert System Market by Vehicle Type
6.4 LAMEA Acoustic Vehicle Alert System Market
6.4.1 LAMEA Acoustic Vehicle Alert System Market by Propulsion Type
6.4.1.1 LAMEA Battery Electric Vehicle (BEV) Market by Country
6.4.1.2 LAMEA Plug -In Hybrid Electric Vehicle (PHEV) Market by Country
6.4.2 LAMEA Acoustic Vehicle Alert System Market by Vehicle Type
6.4.2.1 LAMEA Passenger Vehicle Market by Country
6.4.2.2 LAMEA Two-Wheelers Market by Country
6.4.2.3 LAMEA Commercial Vehicle Market by Country
6.4.3 LAMEA Acoustic Vehicle Alert System Market by Country
6.4.3.1 Brazil Acoustic Vehicle Alert System Market
6.4.3.1.1 Brazil Acoustic Vehicle Alert System Market by Propulsion Type
6.4.3.1.2 Brazil Acoustic Vehicle Alert System Market by Vehicle Type
6.4.3.2 Argentina Acoustic Vehicle Alert System Market
6.4.3.2.1 Argentina Acoustic Vehicle Alert System Market by Propulsion Type
6.4.3.2.2 Argentina Acoustic Vehicle Alert System Market by Vehicle Type
6.4.3.3 UAE Acoustic Vehicle Alert System Market
6.4.3.3.1 UAE Acoustic Vehicle Alert System Market by Propulsion Type
6.4.3.3.2 UAE Acoustic Vehicle Alert System Market by Vehicle Type
6.4.3.4 Saudi Arabia Acoustic Vehicle Alert System Market
6.4.3.4.1 Saudi Arabia Acoustic Vehicle Alert System Market by Propulsion Type
6.4.3.4.2 Saudi Arabia Acoustic Vehicle Alert System Market by Vehicle Type
6.4.3.5 South Africa Acoustic Vehicle Alert System Market
6.4.3.5.1 South Africa Acoustic Vehicle Alert System Market by Propulsion Type
6.4.3.5.2 South Africa Acoustic Vehicle Alert System Market by Vehicle Type
6.4.3.6 Nigeria Acoustic Vehicle Alert System Market
6.4.3.6.1 Nigeria Acoustic Vehicle Alert System Market by Propulsion Type
6.4.3.6.2 Nigeria Acoustic Vehicle Alert System Market by Vehicle Type
6.4.3.7 Rest of LAMEA Acoustic Vehicle Alert System Market
6.4.3.7.1 Rest of LAMEA Acoustic Vehicle Alert System Market by Propulsion Type
6.4.3.7.2 Rest of LAMEA Acoustic Vehicle Alert System Market by Vehicle Type
Chapter 7. Company Profiles
7.1 HELLA GmbH & Co. KGaA
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 SWOT Analysis
7.2 Mercedes-Benz Group AG
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expense
7.2.5 SWOT Analysis
7.3 HARMAN International Industries, Inc (Samsung Electronics Co., Ltd.)
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expenses
7.3.5 SWOT Analysis
7.4 Honda Motor Co. Ltd.
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expense
7.4.5 SWOT Analysis
7.5 Maruti Suzuki India Limited
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Research & Development Expense
7.5.4 Recent strategies and developments:
7.5.4.1 Product Launches and Product Expansions:
7.5.5 SWOT Analysis
7.6 Continental AG
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expense
7.6.5 SWOT Analysis
7.7 STMicroelectronics N.V.
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 Research & Development Expense
7.7.5 SWOT Analysis
7.8 Brigade Electronics Group PLC
7.8.1 Company Overview
7.8.2 Recent strategies and developments:
7.8.2.1 Product Launches and Product Expansions:
7.8.3 SWOT Analysis
7.9 Kendrion N.V.
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Segmental and Regional Analysis
7.9.4 SWOT Analysis
7.10. SoundRacer AB
7.10.1 Company Overview
7.10.2 SWOT Analysis
Chapter 8. Winning Imperatives of Acoustic Vehicle Alert System Market

Companies Mentioned

  • Continental AG
  • STMicroelectronics N.V.
  • HELLA GmbH & Co. KGaA
  • Mercedes-Benz Group AG
  • Brigade Electronics Group PLC
  • Harman International Industries, Inc. (Samsung Electronics Co., Ltd.)
  • Honda Motor Co. Ltd.
  • Kendrion N.V.
  • Soundracer AB
  • Maruti Suzuki India Limited

Methodology

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