Acoustic Vehicle Alerting System Market Size, Share, Report 2024-2033
The global acoustic vehicle alerting system market size was estimated at around USD 0.55 billion in 2023 and it is projected to hit around USD 2.11 billion by 2033, growing at a CAGR of 14.42% from 2024 to 2033.
The acoustic vehicle alerting system (AVAS) market has witnessed significant growth in recent years, driven by the increasing emphasis on pedestrian safety and the rising adoption of electric vehicles (EVs). This overview delves into the key factors influencing the AVAS market, including market dynamics, technological advancements, and regulatory landscape.
The growth of the acoustic vehicle alerting system (AVAS) market is propelled by several key factors. Firstly, an escalating emphasis on pedestrian safety, particularly in urban environments, has driven the demand for AVAS solutions. As governments worldwide intensify efforts to reduce road accidents, the integration of AVAS in vehicles becomes a crucial component of safety measures. Additionally, the surge in adoption of electric vehicles (EVs) has significantly contributed to the market's expansion. Electric vehicles, known for their silent operation at low speeds, necessitate the implementation of AVAS to mitigate potential hazards for pedestrians. Moreover, technological advancements in AVAS, including customizable alert sounds and intelligent algorithms adapting to diverse driving scenarios, further fuel market growth. The dynamic regulatory landscape mandating the inclusion of AVAS in electric vehicles adds to the market's momentum. As safety regulations evolve and electric vehicle adoption continues, the AVAS market is poised for sustained growth in the foreseeable future.
| Report Coverage | Details |
| Growth rate from 2024 to 2033 | CAGR of 14.42% |
| Market Size in 2023 | USD 0.55 billion |
| Revenue Forecast by 2033 | USD 2.11 billion |
| Base Year | 2023 |
| Forecast Period | 2024 to 2033 |
| Market Analysis (Terms Used) | Value (US$ Million/Billion) or (Volume/Units) |
Based on the vehicle type, the acoustic vehicle alerting system market is segmented into two-wheelers, passenger, and commercial. The passenger vehicles segment led the market in 2023. The market is driven by initiatives taken by governments of various countries to promote the manufacturing and adoption of electric passenger vehicles. Additionally, increasing awareness of the environmental hazards of combustion engine vehicle emissions is promoting customers to adopt electric passenger vehicles.
On the basis of propulsion, the market is segmented into Battery Electric Vehicles (BEV), Plug-in Hybrid Electric Vehicles (PHEV), and Hybrid Electric Vehicle (HEV). The HEV segment dominated the market in 2023. The continued urbanization and growing infrastructure spending in developing economies, such as China, India, and Turkey, are expected to drive the growth of the electric commercial vehicle market. Furthermore, the growth of the e-commerce sector, which has completely transformed logistics, is contributing to the high demand for electric commercial vehicles.
On the basis of a sales channel, the market is segmented into OEM and aftermarket. An OEM segment held the largest market share in 2023. The government mandates for the implementation of AVAS for safety concerns are propelling demand in the market. For instance, as per the EU regulation 540/2014, all new vehicles sold or imported from July 2021 in Europe must be equipped with an Acoustic Vehicle Alerting System.
Asia Pacific dominated the market in 2023. The automotive sector, which includes the manufacture of motor vehicles and aftermarket parts, has a high production level and contributes significantly to the region's sales of two-wheelers, passenger cars, and commercial vehicles. The sector has a promising future since original equipment manufacturers are becoming more involved in aftermarket activities, and component wholesalers are merging.
By Vehicle Type
By Propulsion
By Sales Channel
By Region
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Vehicle Type Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Acoustic Vehicle Alerting System Market
5.1. COVID-19 Landscape: Acoustic Vehicle Alerting System Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Acoustic Vehicle Alerting System Market, By Vehicle Type
8.1. Acoustic Vehicle Alerting System Market, by Vehicle Type, 2024-2033
8.1.1 Two-Wheelers
8.1.1.1. Market Revenue and Forecast (2021-2033)
8.1.2. Passenger
8.1.2.1. Market Revenue and Forecast (2021-2033)
8.1.3. Commercial
8.1.3.1. Market Revenue and Forecast (2021-2033)
Chapter 9. Global Acoustic Vehicle Alerting System Market, By Propulsion
9.1. Acoustic Vehicle Alerting System Market, by Propulsion, 2024-2033
9.1.1. Battery Electric Vehicles (BEV)
9.1.1.1. Market Revenue and Forecast (2021-2033)
9.1.2. Plug-In Hybrid Electric Vehicles (PHEV)
9.1.2.1. Market Revenue and Forecast (2021-2033)
9.1.3. Hybrid Electric Vehicle (HEV)
9.1.3.1. Market Revenue and Forecast (2021-2033)
Chapter 10. Global Acoustic Vehicle Alerting System Market, By Sales Channel
10.1. Acoustic Vehicle Alerting System Market, by Sales Channel, 2024-2033
10.1.1. OEM
10.1.1.1. Market Revenue and Forecast (2021-2033)
10.1.2. Aftermarket
10.1.2.1. Market Revenue and Forecast (2021-2033)
Chapter 11. Global Acoustic Vehicle Alerting System Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Vehicle Type (2021-2033)
11.1.2. Market Revenue and Forecast, by Propulsion (2021-2033)
11.1.3. Market Revenue and Forecast, by Sales Channel (2021-2033)
11.1.4. U.S.
11.1.4.1. Market Revenue and Forecast, by Vehicle Type (2021-2033)
11.1.4.2. Market Revenue and Forecast, by Propulsion (2021-2033)
11.1.4.3. Market Revenue and Forecast, by Sales Channel (2021-2033)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by Vehicle Type (2021-2033)
11.1.5.2. Market Revenue and Forecast, by Propulsion (2021-2033)
11.1.5.3. Market Revenue and Forecast, by Sales Channel (2021-2033)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Vehicle Type (2021-2033)
11.2.2. Market Revenue and Forecast, by Propulsion (2021-2033)
11.2.3. Market Revenue and Forecast, by Sales Channel (2021-2033)
11.2.4. UK
11.2.4.1. Market Revenue and Forecast, by Vehicle Type (2021-2033)
11.2.4.2. Market Revenue and Forecast, by Propulsion (2021-2033)
11.2.4.3. Market Revenue and Forecast, by Sales Channel (2021-2033)
11.2.5. Germany
11.2.5.1. Market Revenue and Forecast, by Vehicle Type (2021-2033)
11.2.5.2. Market Revenue and Forecast, by Propulsion (2021-2033)
11.2.5.3. Market Revenue and Forecast, by Sales Channel (2021-2033)
11.2.6. France
11.2.6.1. Market Revenue and Forecast, by Vehicle Type (2021-2033)
11.2.6.2. Market Revenue and Forecast, by Propulsion (2021-2033)
11.2.6.3. Market Revenue and Forecast, by Sales Channel (2021-2033)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by Vehicle Type (2021-2033)
11.2.7.2. Market Revenue and Forecast, by Propulsion (2021-2033)
11.2.7.3. Market Revenue and Forecast, by Sales Channel (2021-2033)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Vehicle Type (2021-2033)
11.3.2. Market Revenue and Forecast, by Propulsion (2021-2033)
11.3.3. Market Revenue and Forecast, by Sales Channel (2021-2033)
11.3.4. India
11.3.4.1. Market Revenue and Forecast, by Vehicle Type (2021-2033)
11.3.4.2. Market Revenue and Forecast, by Propulsion (2021-2033)
11.3.4.3. Market Revenue and Forecast, by Sales Channel (2021-2033)
11.3.5. China
11.3.5.1. Market Revenue and Forecast, by Vehicle Type (2021-2033)
11.3.5.2. Market Revenue and Forecast, by Propulsion (2021-2033)
11.3.5.3. Market Revenue and Forecast, by Sales Channel (2021-2033)
11.3.6. Japan
11.3.6.1. Market Revenue and Forecast, by Vehicle Type (2021-2033)
11.3.6.2. Market Revenue and Forecast, by Propulsion (2021-2033)
11.3.6.3. Market Revenue and Forecast, by Sales Channel (2021-2033)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by Vehicle Type (2021-2033)
11.3.7.2. Market Revenue and Forecast, by Propulsion (2021-2033)
11.3.7.3. Market Revenue and Forecast, by Sales Channel (2021-2033)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Vehicle Type (2021-2033)
11.4.2. Market Revenue and Forecast, by Propulsion (2021-2033)
11.4.3. Market Revenue and Forecast, by Sales Channel (2021-2033)
11.4.4. GCC
11.4.4.1. Market Revenue and Forecast, by Vehicle Type (2021-2033)
11.4.4.2. Market Revenue and Forecast, by Propulsion (2021-2033)
11.4.4.3. Market Revenue and Forecast, by Sales Channel (2021-2033)
11.4.5. North Africa
11.4.5.1. Market Revenue and Forecast, by Vehicle Type (2021-2033)
11.4.5.2. Market Revenue and Forecast, by Propulsion (2021-2033)
11.4.5.3. Market Revenue and Forecast, by Sales Channel (2021-2033)
11.4.6. South Africa
11.4.6.1. Market Revenue and Forecast, by Vehicle Type (2021-2033)
11.4.6.2. Market Revenue and Forecast, by Propulsion (2021-2033)
11.4.6.3. Market Revenue and Forecast, by Sales Channel (2021-2033)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by Vehicle Type (2021-2033)
11.4.7.2. Market Revenue and Forecast, by Propulsion (2021-2033)
11.4.7.3. Market Revenue and Forecast, by Sales Channel (2021-2033)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Vehicle Type (2021-2033)
11.5.2. Market Revenue and Forecast, by Propulsion (2021-2033)
11.5.3. Market Revenue and Forecast, by Sales Channel (2021-2033)
11.5.4. Brazil
11.5.4.1. Market Revenue and Forecast, by Vehicle Type (2021-2033)
11.5.4.2. Market Revenue and Forecast, by Propulsion (2021-2033)
11.5.4.3. Market Revenue and Forecast, by Sales Channel (2021-2033)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by Vehicle Type (2021-2033)
11.5.5.2. Market Revenue and Forecast, by Propulsion (2021-2033)
11.5.5.3. Market Revenue and Forecast, by Sales Channel (2021-2033)
Chapter 12. Company Profiles
12.1. Hella Gmbh & Co. KGaA.
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Brigade Electronics.
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Mercedes-Benz AG.
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Continental Engineering Services GmbH.
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Harman International.
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Soundracer AB
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Kendrion NV.
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Kufatec GmbH & Co. Kg
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Texas Instruments.
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Honda Motor Company
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers