Global acoustic vehicle alerting systems market size was valued at USD 532.56 million in 2023 and is projected to reach USD 1,405.79 million by 2031, with a CAGR of 12.90% during the forecast period of 2024 to 2031.
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**Segments**
- **by Propulsion Type**: The acoustic vehicle alerting systems market can be segmented based on propulsion type into internal combustion engine (ICE) vehicles and electric vehicles. With the rise in the adoption of electric vehicles (EVs) globally, the demand for acoustic alerting systems in these vehicles is increasing. EVs are silent at lower speeds, necessitating the need for AVAS to alert pedestrians and cyclists of the vehicle's presence. On the other hand, ICE vehicles also contribute significantly to the market as they are being equipped with AVAS to comply with regulatory standards and ensure pedestrian safety.
- **by Vehicle Type**: Another crucial segmentation of the market is based on vehicle type, including passenger cars, commercial vehicles, and two-wheelers. The passenger cars segment is the most significant revenue generator due to the high volume of car sales globally. Additionally, commercial vehicles are also adopting AVAS to enhance pedestrian safety in urban areas, contributing to market growth. Two-wheelers are another segment where AVAS technology is gaining traction as manufacturers focus on improving road safety for motorcyclists and cyclists.
- **by Sales Channel**: The market for acoustic vehicle alerting systems can also be segmented by sales channel into original equipment manufacturers (OEMs) and aftermarket. OEMs account for a significant share as AVAS are increasingly being integrated into new vehicles to meet regulatory requirements such as the European Union's AVAS mandate. The aftermarket segment is also growing as consumers retrofit their vehicles with AVAS to enhance safety and compliance with local regulations.
**Market Players**
- **Continental AG**: Continental AG is a prominent player in the acoustic vehicle alerting systems market, offering innovative solutions for both ICE and electric vehicles. The company focuses on developing AVAS that enhance pedestrian safety and comply with global regulations, solidifying its position in the market.
- **Delphi Technologies**: Delphi Technologies is another key player known for its advanced AVAS technology for various vehicle types. The company's focus on research and developmentContinental AG and Delphi Technologies are two key players in the acoustic vehicle alerting systems market. Continental AG has positioned itself as a prominent player by offering innovative solutions for both ICE and electric vehicles. The company's focus on developing AVAS that enhance pedestrian safety and comply with global regulations has solidified its position in the market. Continental AG's expertise in the automotive industry and commitment to technological advancements have enabled it to cater to the growing demand for AVAS across different vehicle types.
Delphi Technologies, on the other hand, is also a significant player in the market known for its advanced AVAS technology for various vehicle types. The company's emphasis on research and development has allowed it to stay ahead in the competitive market landscape. Delphi Technologies' ability to adapt its AVAS solutions to meet the evolving needs of different vehicle segments, such as passenger cars, commercial vehicles, and two-wheelers, has been instrumental in driving its growth and market presence.
Both Continental AG and Delphi Technologies are investing heavily in research and development to introduce cutting-edge AVAS solutions that not only comply with regulatory standards but also address the increasing safety concerns related to silent electric vehicles. The growing emphasis on pedestrian safety and the rising adoption of electric vehicles globally are fueling the demand for advanced acoustic vehicle alerting systems. As a result, market players like Continental AG and Delphi Technologies are focusing on enhancing their product offerings to meet the requirements of OEMs and aftermarket customers seeking reliable and efficient AVAS solutions.
Moreover, the segmentation of the market based on propulsion type, vehicle type, and sales channel provides valuable insights into the diverse dynamics of the acoustic vehicle alerting systems market. The increasing adoption of electric vehicles is driving the demand for AVAS, particularly in urban areas where pedestrian safety is a growing concern. The passenger cars segment remains a significant revenue generator, given the high volume of car sales globally, while commercial vehicles and two-wheelers are also witnessing a rise in AVAS adoption to improve road safety for all road users.
**Segments**
- **Global Acoustic Vehicle Alerting Systems Market**:
- **Vehicle Type**:
- Passenger Cars
- Two-Wheelers
- Commercial Vehicles
- **Propulsion**:
- Battery Electric Vehicle
- Hybrid Electric Vehicle
- Plug-in Hybrid Electric Vehicles
- **Electric Two-Wheelers**:
- E-Scooter/Moped
- E-Motorcycle
- **Mounting Position**:
- Integrated
- Separated
- **Sales Channel**:
- OEM
- Aftermarket
**Market Analysis**
The global market for acoustic vehicle alerting systems is experiencing significant growth driven by various factors. The segmentation based on vehicle type reveals a strong demand for AVAS across passenger cars, two-wheelers, and commercial vehicles. With the increasing adoption of electric vehicles, especially in the passenger car segment, the need for AVAS to enhance pedestrian safety is becoming crucial. Two-wheelers, including e-scooters and e-motorcycles, are also witnessing a rise in AVAS adoption to improve road safety for riders and pedestrians. Moreover, the mounting position of AVAS, whether integrated or separated, offers flexibility to manufacturers and consumers based on their preferences and requirements.
Additionally, the propulsion type segmentation highlights the importance of AVAS in different types of electric vehicles, including battery electric vehicles, hybrid electric vehicles, and plug-in hybrid electric vehicles. As regulations around pedestrian safety
Highlights of TOC:
Chapter 1: Market overview
Chapter 2: Global Acoustic Vehicle Alerting Systems Market
Chapter 3: Regional analysis of the Global Acoustic Vehicle Alerting Systems Market industry
Chapter 4: Acoustic Vehicle Alerting Systems Market segmentation based on types and applications
Chapter 5: Revenue analysis based on types and applications
Chapter 6: Market share
Chapter 7: Competitive Landscape
Chapter 8: Drivers, Restraints, Challenges, and Opportunities
Chapter 9: Gross Margin and Price Analysis
Key takeaways from the Acoustic Vehicle Alerting Systems Market report:
- Detailed considerate of Acoustic Vehicle Alerting Systems Market-particular drivers, Trends, constraints, Restraints, Opportunities and major micro markets.
- Comprehensive valuation of all prospects and threat in the
- In depth study of industry strategies for growth of the Acoustic Vehicle Alerting Systems Market-leading players.
- Acoustic Vehicle Alerting Systems Market latest innovations and major procedures.
- Favorable dip inside Vigorous high-tech and market latest trends remarkable the Market.
- Conclusive study about the growth conspiracy of Acoustic Vehicle Alerting Systems Market for forthcoming years.
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