Europe 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 Country and Growth Forecast, 2023 - 2030

Europe 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 Country and Growth Forecast, 2023 - 2030

The Europe Acoustic Vehicle Alert System Market would witness market growth of 11.4% CAGR during the forecast period (2023-2030).

AVAS, in its role of generating purposeful sounds, becomes a tool for crafting a unique auditory signature for each vehicle. This signature goes beyond the mechanical hum of an engine or the familiar revving of a motor. It becomes an intentional and brand-specific sound that resonates with the vehicle's overall identity. Whether it's a futuristic whirr, a melodic hum, or a harmonious blend of tones, the sound emitted by AVAS creates a distinctive and recognizable brand soundscape.

In addition, a notable trend in the market is the integration with Advanced Driver Assistance Systems (ADAS). As vehicles evolve towards greater autonomy, the fusion of AVAS with ADAS technologies becomes synergistic. By incorporating AVAS into the broader context of ADAS, manufacturers aim to create a cohesive safety ecosystem where audible alerts seamlessly complement visual and tactile warnings, enhancing overall collision avoidance and mitigation strategies.

As autonomous vehicles become more common on UK roads, there will likely be an increase in consumer awareness of the need for safety measures, including AVAS. Consumer acceptance and demand for these systems can drive manufacturers to integrate high-quality AVAS into autonomous vehicles. As per the data provided by the Connected & Automated Mobility 2025 report, 40% of new vehicles in the United Kingdom could have autonomous capabilities by 2035. With the assistance of more than £400 million in joint industry-government funding, the Centre for Connected and Autonomous Vehicles in the United Kingdom has supported more than 90 initiatives involving over 200 organizations. Thus, the rising electric vehicle sales and increasing autonomous vehicle initiatives in Europe will help in the growth of the regional market.

The Germany market dominated the Europe Acoustic Vehicle Alert System Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $87.8 Million by 2030. The UK market is exhibiting a CAGR of 10.4% during (2023 - 2030). Additionally, The France market would experience a CAGR of 12.3% during (2023 - 2030).

Based on Propulsion Type, the market is segmented into Battery Electric Vehicle (BEV), and Plug -In Hybrid Electric Vehicle (PHEV). Based on Vehicle Type, the market is segmented into Passenger Vehicle, Two-Wheelers, and Commercial Vehicle. Based on countries, the market is segmented into Germany, UK, France, Russia, Netherlands, Italy, and Rest of Europe.

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

Europe Acoustic Vehicle Alert System 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 Country

• Germany
• UK
• France
• Russia
• Netherlands
• Italy
• Rest of Europe