Global Acoustic Vehicle Alerting System Market to reach USD 5.62 billion by 2027.
Global Acoustic Vehicle Alerting System Market is valued approximately at USD 0.58 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 38.1% over the forecast period 2021-2027. An acoustic vehicle alerting system is a sound generator fitted in an electric vehicle that produces less noise than a conventional vehicle. The acoustic vehicle alerting system warns pedestrians and other commuters about the vehicle's presence while it is driven at a reduced pace. As a result, the gadget was created to reduce the probability of accidents. Furthermore, growing demand for electric vehicles, regulatory mandates, and the growing relevance of pedestrian safety are expected to drive the acoustic vehicle alerting system market. An acoustic vehicle alerting system might be built in or sold separately. For instance, Since July 2019, EU legislation has mandated the installation of acoustic vehicle alerting systems (AVAS) in new electric and hybrid automobile models. Not just the European Union, but even the United States' National Highway Traffic Safety Administration has implemented fake noise regulations for electric and hybrid vehicles. Furthermore, In Abstatt, Bosch Engineering has introduced a national acoustics test laboratory. This center will serve as a foundation for improving vehicle acoustics. The partnership approach between Bosch Engineering and the acoustical engineers of the Bosch Group has greatly aided in the development of vehicle NVH behavior. However, Government Regulations Regarding AVAS, may impede market growth over the forecast period of 2021-2027.

Geographically, Asia Pacific is dominating the market shares, followed by Europe and North America. In nations like China, Japan, and South Korea, the automotive sector is focused on advanced electric vehicle innovation, technology, and development. These nations' governments have recognized the enormous potential of electric vehicles as well as the benefits of utilizing them.

Major market player included in this report are:

Kufatec GmbH & Co. Kg
Nissan Motor Co. Ltd.
Mando-Hella Electronics Corp
Soundracer Ab
Daimler AG
Tesla Motors
Texas Instruments
Continental AG
Brigade Electronics
Harman (Samsung)



The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By sales channel:
OEM
Aftermarket
By Propulsion type:
BEV
PHEV
FCEV
By Vehicle type:
Passenger car
Commercial vehicles
By Mounting position:
Integrated
Separated
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027.

Target Audience of the Global Acoustic Vehicle Alerting System Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors