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Acoustic Vehicle Alerting Systems Market Dynamics & Global Outlook 2025

Author: Miller Peet
by Miller Peet
Posted: Oct 21, 2019

The global market for acoustic vehicle alerting systems was valued at about USD 33 Million in 2017 and is estimated to be more than USD 214 Million by the end of the assessment period.

The growth of global acoustic vehicle alerting systems market can be primarily be attributed to the stringent regulations mandated by the governments across the globe to curb the possibility of accidents caused due to low sound of electric vehicles. For instance, the European Union has a new directive requiring all new electric and hybrid vehicles to give a sound warning to pedestrians when traveling at speeds below 12 mph by 2021.

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Prominent Players

The Prominent Players in the global acoustic vehicle alerting systems market are Denso Corporation (Japan), HARMAN International (US), Delphi Technologies (UK), Daimler AG (Germany), Volkswagen AG (Germany), BMW AG (Germany), Honda Motor Co., Ltd (Japan), Nissan Motor Corporation (Japan), MANDO-HELLA Electronics Corp. (South Korea), and KUFATEC GmbH & Co. KG (Germany)

Intended Audience

  • Electric vehicle OEMs
  • EV infrastructure providers
  • Government bodies

Scope of the Report

This study provides an overview of the global acoustic vehicle alerting systems market, tracking two market segments across four geographic regions. The report studies key players and provide a six-year annual trend analysis, which highlights market size, volume, and share for North America, Europe, Asia-Pacific, and the Rest of the world. The report also provides a forecast, which focuses on the market opportunities for the next six years for each region. The scope of the study segments the global acoustic vehicle alerting systems market by vehicle type, sales channel, and region.

Regional Analysis:

Geographically, the global acoustic vehicle alerting systems market has been segmented into four major regions, which are North America, Europe, Asia-Pacific, and the Rest of the world. The electric vehicle market in North America is expected to dominate the global acoustic vehicle alerting systems market through the forecast period, owing to stringent norms regulated by the government for pre-mounting of noisemaking devices in EVs and hybrid cars during the manufacturing process. Furthermore, Europe is expected to witness robust growth in the global acoustic vehicle alerting systems market. The growth in the region can be attributed to strict rules set by the European Parliament to equip AVAS to all new electric and hybrid vehicles. However, Asia-Pacific is expected to register the highest CAGR in the global acoustic vehicle alerting systems market during the forecast period.

By Regions

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

The Market Research Future report on the global acoustic vehicle alerting systems market covers extensive primary research. This is accompanied by a detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report gives a clear picture of the current market scenario, which includes the historical and forecast market size, in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.

About the Author

I am Miller Peet, I am working in market research future as a automotive research analyst

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Author: Miller Peet

Miller Peet

Member since: Aug 12, 2019
Published articles: 64

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