Acoustic Vehicle Alerting System Market Size- By Propulsion Type, By Vehicle Type, By Electric Two-Wheeler, By Sales Channel, By Mounting Position- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
Acoustic Vehicle Alerting System Market Introduction and Overview
According to SPER market research, Acoustic Vehicle Alerting System Market Size- By Propulsion Type, By Vehicle Type, By Electric Two-Wheeler, By Sales Channel, By Mounting Position- Regional Outlook, Competitive Strategies and Segment Forecast to 2033 state that the Global Acoustic Vehicle Alerting System Market is predicted to reach USD 51.62 billion by 2033 with a CAGR of 37.31%.
The devices that aid in producing sound are known as acoustic vehicle alerting systems. They protect pedestrians by making people aware of the vehicle’s presence. Several nations are pushing for the global adoption of electric vehicles as a result of rising concerns about the environment and passenger safety. Its ability to sound an audio warning when an electric vehicle is detected close is its main advantage for bicyclists and pedestrians. The acoustic signal of this technology has proven effective in reducing the likelihood of potential collisions and enhancing overall road safety.
The COVID-19 pandemic has caused economic disruption in a number of nations since the lockdown, leading to travel restrictions and company closures that have harmed the AVAS industry’s supply chain. Government restrictions and closures have hindered the development of electric cars. Furthermore, worker shortages brought on by social distance norms and other constraints have hindered the advancement of equipment connected to AVAS.
Scope of the Report:Report Metric Details
Market size available for years 2020-2033
Base year considered 2023
Forecast period 2024-2033
Segments covered By Propulsion Type, By Vehicle Type, By Electric Two-Wheeler, By Sales Channel, By Mounting Position.
Regions covered Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
Companies CoveredBrigade Electronics, Continental AG, Continental Engineering Services GmbH, Delphi, Mando-Hella Electronics, Harman International, Hella Gmbh & Co.KGaA, Siemens, SEGER, Thor (Dubai).
Acoustic Vehicle Alerting System Market SegmentationBy Propulsion Type: Based on the Propulsion Type, Global Acoustic Vehicle Alerting System Market is segmented as; BEV, PHEV, FCEV.
By Vehicle Type:Based on the Vehicle Type, Global Acoustic Vehicle Alerting System Market is segmented as; Passenger Cars, Commercial Vehicle
By Electric Two-Wheeler: Based on the Electric Two-Wheeler, Global Acoustic Vehicle Alerting System Market is segmented as; E-Scooter/Moped, E-Motorcycle.
By Sales Channel: Based on the Sales Channel, Global Acoustic Vehicle Alerting System Market is segmented as; OEM, Aftermarket.