North America 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 North America Acoustic Vehicle Alert System Market would witness market growth of 11.9% CAGR during the forecast period (2023-2030).
The automotive landscape is transforming toward enhanced safety and sustainable mobility solutions. Amidst this paradigm shift, AVAS emerges as a pivotal technology for vehicular safety and as a testament to the industry's commitment to innovation. The adoption of AVAS represents a pivotal response to the evolving automotive landscape, marked by the rise of electric vehicles (EVs) and the imperative to address pedestrian safety concerns. Initially introduced as a regulatory requirement in response to the near-silent operation of electric and hybrid vehicles, AVAS has rapidly gained traction beyond compliance-driven mandates.
Moreover, beyond safety imperatives, AVAS is influencing automotive design aesthetics. As a deliberate sound is introduced into the driving experience, manufacturers are given opportunities to shape brand identities through distinctive and recognizable vehicle sounds. AVAS, therefore, becomes a tool for automotive designers to craft a unique auditory signature that complements the vehicle's overall identity and contributes to the evolving language of automotive design.
The number of new ZEVs registered continued to increase, up 43.2% yearly. Continuing the trend over the last four years, battery electric vehicles (BEVs) made up the largest share of new ZEV registrations, representing 85.6% of new ZEVs registered in the third quarter. Plug-in hybrid electric vehicles (PHEVs) comprised 14.4% of new ZEV registrations. Year over year, BEVs (+85.4%) experienced the largest percentage increase among all fuel types. Hence, growing automotive sector and electric vehicle sales in North America will assist in the growth of the regional market.
The US market dominated the North America 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 $271.7 Million by 2030. The Canada market is experiencing a CAGR of 14.4% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 13.4% 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 U.S., Mexico, Canada, and Rest of North America.
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
By Propulsion Type
- Battery Electric Vehicle (BEV)
- Plug -In Hybrid Electric Vehicle (PHEV)
- Passenger Vehicle
- Two-Wheelers
- Commercial Vehicle
- US
- Canada
- Mexico
- Rest of North America
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Acoustic Vehicle Alert System Market, by Propulsion Type
- 1.4.2 North America Acoustic Vehicle Alert System Market, by Vehicle Type
- 1.4.3 North America Acoustic Vehicle Alert System Market, by Country
- 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. North America Acoustic Vehicle Alert System Market by Propulsion Type
- 4.1 North America Battery Electric Vehicle (BEV) Market by Country
- 4.2 North America Plug -In Hybrid Electric Vehicle (PHEV) Market by Country
- Chapter 5. North America Acoustic Vehicle Alert System Market by Vehicle Type
- 5.1 North America Passenger Vehicle Market by Country
- 5.2 North America Two-Wheelers Market by Country
- 5.3 North America Commercial Vehicle Market by Country
- Chapter 6. North America Acoustic Vehicle Alert System Market by Country
- 6.1 US Acoustic Vehicle Alert System Market
- 6.1.1 US Acoustic Vehicle Alert System Market by Propulsion Type
- 6.1.2 US Acoustic Vehicle Alert System Market by Vehicle Type
- 6.2 Canada Acoustic Vehicle Alert System Market
- 6.2.1 Canada Acoustic Vehicle Alert System Market by Propulsion Type
- 6.2.2 Canada Acoustic Vehicle Alert System Market by Vehicle Type
- 6.3 Mexico Acoustic Vehicle Alert System Market
- 6.3.1 Mexico Acoustic Vehicle Alert System Market by Propulsion Type
- 6.3.2 Mexico Acoustic Vehicle Alert System Market by Vehicle Type
- 6.4 Rest of North America Acoustic Vehicle Alert System Market
- 6.4.1 Rest of North America Acoustic Vehicle Alert System Market by Propulsion Type
- 6.4.2 Rest of North America 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
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook