According to Market Research Future (MRFR), The global
acoustic vehicle alerting systems market is estimated to witness a CAGR of 12%
from 2019 to 2025 (forecast period). The report discusses the strengths,
opportunities, threats, and potential business risks and offers a detailed analysis
of the global market situation with the effect of COVID-19.
The Acoustic Vehicle Alerting System (AVAS) is a sound
generation device for electric vehicles and hybrid electric vehicles. The noise
frequency/level emitted by the EV is very different from that generated by the
internal combustion engine (ICE) vehicle. The low noise level of the EV could
make it difficult for pedestrians, particularly the visually impaired
population, to detect an approaching EV immersion in the flow of traffic due to
the masking effect of ambient noise.
Market Dynamics
The growth of the global acoustic vehicle alerting systems market can mainly be attributed to the strict regulations imposed by governments across the globe to curb the risk of accidents induced by electric vehicles' low sound. For example, the European Union has a new regulation requiring all new electric and hybrid vehicles to alert pedestrians when traveling at speed below 12 mph by 2021. Likewise, in the US, the National Highway Safety Administration (NHTSA) mandated to require all electric and hybrid vehicles to emit sound while traveling up to 18.6 mph by September 2020.
Key Players
The key participants identified by MRFR in the global
acoustic vehicle alerting systems market are Delphi Technologies (UK), Denso
Corporation (Japan), HARMAN International (US), Daimler AG (Germany),
Volkswagen AG (Germany), BMW AG (Germany), Nissan Motor Corporation (Japan),
MANDO-HELLA Electronics Corp. (South Korea), Honda Motor Co., Ltd (Japan), and
KUFATEC GmbH & Co. KG (Germany).
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Market Segmentation
·
Based on
vehicle type, the global market for acoustic vehicle alerting systems has
been segmented into heavy commercial vehicles, passenger car, and light
commercial vehicles.
·
Based on
the sales channel, the global market for acoustic vehicle alerting
systems has been segmented into the original equipment manufacturer (OEM) and
aftermarket.
Regional Analysis
The global market for acoustic vehicle alerting systems has
been segmented into four major regions: North America, Europe, Asia Pacific,
and the Rest of the world.
The demand for electric vehicles in North America is
projected to dominate the global market for acoustic vehicle alerting systems
over the assessment period. This is due to the government 's strict
pre-mounting standards for EVs and hybrid cars during the manufacturing
process.
Europe is anticipated to see strong growth in the global market for acoustic vehicle alerting systems. Growth in the region can be attributed to the strict rules laid down by the European Parliament to allow AVAS to all new electric and hybrid vehicles.
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Major Highlights of TOC Covers:
- Executive Summary
- Key Business Trends
- Regional Trends and Growth
- Product Trends
- End-use Trends
- Definition and Forecast Parameters
- Acoustic vehicle alerting systems Market Segmentation
- Acoustic vehicle alerting systems Market Landscape
- Vendor Matrix
- Company Profiles
- Business Overview
More…
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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