Acoustic Vehicle Alerting Systems Market Research Report - Global Forecast till 2027

Acoustic Vehicle Alerting Systems Market Research Report: Information by Vehicle Type (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle), Sales Channel (Original Equipment Manufacturer, Aftermarket) and Region (North America, Europe, Asia-Pacific and the Rest of the World) – Forecast till 2027

ID: MRFR/AM/6689-HCR | February, 2021 | Region : Global

Acoustic Vehicle Alerting Systems Market Synopsis


Acoustic vehicle alerting systems market is expected to witness 12% CAGR during the forecast period, 2019–2025.


As electric vehicles (EVs) are moving in on the automobile market, safety relating to acoustic perception is one of the major concerns. The noise frequency/level emitted by an EV are very different from emitted by an internal combustion engine (ICE) vehicle. The low noise level of an EV could make it difficult for pedestrians, especially for visually impaired population, to detect an approaching EV immerse in the traffic flow due to the masking effect provided by the ambient noises. Furthermore, the increasing number of electric vehicles on the road increases the potential danger of silent vehicles to pedestrians, cyclists, and geriatric public. 


The growth of global acoustic vehicle alerting systems market can be primarily be attributed to the stringent regulations mandated by the governments across the globe to curb the possibility of accidents caused due to low sound of electric vehicles. For instance, the European Union has a new directive requiring all new electric and hybrid vehicles to give a sound warning to pedestrians when traveling at speeds below 12 mph by 2021. Similarly, in the US, the National Highway Traffic Safety Administration (NHTSA) mandated to require all electric and hybrid vehicles to emit sound while moving up to 18.6 mph by September 2020. However, the maintenance and durability of AVAS in electric vehicles is expected to hinder the growth of global acoustic vehicle alerting systems market over the forecast period. The growing demand for autonomous vehicles and connected vehicles creates opportunities for the manufacturers.


Furthermore, governments all around the world, including the US, the UK, India, and China, are taking initiatives to increase the awareness regarding the use of electric vehicles to control the adverse impact on the environment and foreign exchange reserves. For instance, the Indian Government launched the National Electric Mobility Mission Plan (NEMMP) 2020, with an aim to achieve national fuel security by promoting the use of electric vehicles in the country. Similarly, the European Commission initiated the ‘Green eMotion’ project, which is worth EUR 41.8 million (USD 47.22 million) with an objective to achieve technological optimization and EV market development. This further increase the penetration of electric vehicles on the road, contributing in the growth of global acoustic vehicle alerting systems market.


Prominent Players


The Prominent Players in the global acoustic vehicle alerting systems market are Denso Corporation (Japan), HARMAN International (US), Delphi Technologies (UK), Daimler AG (Germany), Volkswagen AG (Germany), BMW AG (Germany), Honda Motor Co., Ltd (Japan), Nissan Motor Corporation (Japan), MANDO-HELLA Electronics Corp. (South Korea), and KUFATEC GmbH & Co. KG (Germany)


SEGMENTATION: GLOBAL ACOUSTIC VEHICLE ALERTING SYSTEMS MARKET  ACOUSTIC VEHICLE ALERTING SYSTEMS MARKET


The global acoustic vehicle alerting systems market is segmented based on vehicle type, sales channel, and region. On the basis of vehicle type, the global market has been segmented into passenger car, light commercial vehicle, and heavy commercial vehicle. On the basis of sales channel, the global market has been segmented into original equipment manufacturer (OEM) and aftermarket.


Geographically, the global acoustic vehicle alerting systems market has been segmented into four major regions, which are North America, Europe, Asia-Pacific, and the Rest of the world. The electric vehicle market in North America is expected to dominate the global acoustic vehicle alerting systems market through the forecast period, owing to stringent norms regulated by the government for pre-mounting of noisemaking devices in EVs and hybrid cars during the manufacturing process. Furthermore, Europe is expected to witness robust growth in the global acoustic vehicle alerting systems market. The growth in the region can be attributed to strict rules set by the European Parliament to equip AVAS to all new electric and hybrid vehicles. However, Asia-Pacific is expected to register the highest CAGR in the global acoustic vehicle alerting systems market during the forecast period.


The Market Research Future report on the global acoustic vehicle alerting systems market covers extensive primary research. This is accompanied by a detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report gives a clear picture of the current market scenario, which includes the historical and forecast market size, in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.


Intended Audience



  • Electric vehicle OEMs

  • EV infrastructure providers

  • Government bodies

Table of Contents

1. Executive Summary

2. Scope of the Report

2.1. Market Definition

2.2. Scope of the Study

2.2.1. Definition

2.2.2. Research Objective

2.2.3. Assumptions

2.2.4. Limitations

2.3. Research Process

2.3.1. Primary Research

2.3.2. Secondary Research

2.4. Market Size Estimation

2.5. Forecast Model

3. Market Landscape

3.1. Porter’s Five Forces Analysis

3.1.1. Threat of New Entrants

3.1.2. Bargaining Power of Buyers

3.1.3. Threat of Substitutes

3.1.4. Segment Rivalry

3.1.5. Bargaining Power of Buyers

3.2. Value Chain/Supply Chain Analysis

4. Market Dynamics

4.1. Introduction

4.2. Market Drivers

4.3. Market Restraints

4.4. Market Opportunities

4.5. Technology Trends

5. Global Acoustic Vehicle Alerting Systems Market, by Vehicle Type

5.1. Introduction

5.2. Passenger Car

5.2.1. Market Estimates & Forecast, 2020-2027

5.2.2. Market Estimates & Forecast, by Region, 2020-2027

5.3. Light Commercial Vehicle

5.3.1. Market Estimates & Forecast, 2020-2027

5.3.2. Market Estimates & Forecast, by Region, 2020-2027

5.4. Heavy Commercial Vehicle

5.4.1. Market Estimates & Forecast, 2020-2027

5.4.2. Market Estimates & Forecast, by Region, 2020-2027

6. Global Acoustic Vehicle Alerting Systems Market, by Sales Channel

6.1. Introduction

6.2. Original Equipment Manufacturer

6.2.1. Market Estimates & Forecast, 2020-2027

6.2.2. Market Estimates & Forecast, by Region, 2020-2027

6.3. Aftermarket

6.3.1. Market Estimates & Forecast, 2020-2027

6.3.2. Market Estimates & Forecast, by Region, 2020-2027

7. Global Acoustic Vehicle Alerting Systems Market, by Region

7.1. Introduction

7.2. North America

7.2.1. Market Estimates & Forecast, by Country, 2020-2027

7.2.2. Market Estimates & Forecast, by Vehicle Type, 2020-2027

7.2.3. Market Estimates & Forecast, by Sales Channel, 2020-2027

7.2.4. US

7.2.4.1. Market Estimates & Forecast, by Vehicle Type, 2020-2027

7.2.4.2. Market Estimates & Forecast, by Sales Channel, 2020-2027

7.2.5. Canada

7.2.5.1. Market Estimates & Forecast, by Vehicle Type, 2020-2027

7.2.5.2. Market Estimates & Forecast, by Sales Channel, 2020-2027

7.3. Europe

7.3.1. Market Estimates & Forecast, by Country, 2020-2027

7.3.2. Market Estimates & Forecast, by Vehicle Type, 2020-2027

7.3.3. Market Estimates & Forecast, by Sales Channel, 2020-2027

7.3.4. UK

7.3.4.1. Market Estimates & Forecast, by Vehicle Type, 2020-2027

7.3.4.2. Market Estimates & Forecast, by Sales Channel, 2020-2027

7.3.5. Germany

7.3.5.1. Market Estimates & Forecast, by Vehicle Type, 2020-2027

7.3.5.2. Market Estimates & Forecast, by Sales Channel, 2020-2027

7.3.6. France

7.3.6.1. Market Estimates & Forecast, by Vehicle Type, 2020-2027

7.3.6.2. Market Estimates & Forecast, by Sales Channel, 2020-2027

7.3.7. Italy

7.3.7.1. Market Estimates & Forecast, by Vehicle Type, 2020-2027

7.3.7.2. Market Estimates & Forecast, by Sales Channel, 2020-2027

7.3.8. Rest of Europe

7.3.8.1. Market Estimates & Forecast, by Vehicle Type, 2020-2027

7.3.8.2. Market Estimates & Forecast, by Sales Channel, 2020-2027

7.4. Asia-Pacific

7.4.1. Market Estimates & Forecast, by Country, 2020-2027

7.4.2. Market Estimates & Forecast, by Vehicle Type, 2020-2027

7.4.3. Market Estimates & Forecast, by Sales Channel, 2020-2027

7.4.4. China

7.4.4.1. Market Estimates & Forecast, by Vehicle Type, 2020-2027

7.4.4.2. Market Estimates & Forecast, by Sales Channel, 2020-2027

7.4.5. Japan

7.4.5.1. Market Estimates & Forecast, by Vehicle Type, 2020-2027

7.4.5.2. Market Estimates & Forecast, by Sales Channel, 2020-2027

7.4.6. India

7.4.6.1. Market Estimates & Forecast, by Vehicle Type, 2020-2027

7.4.6.2. Market Estimates & Forecast, by Sales Channel, 2020-2027

7.4.7. Rest of Asia-Pacific

7.4.7.1. Market Estimates & Forecast, by Vehicle Type, 2020-2027

7.4.7.2. Market Estimates & Forecast, by Sales Channel, 2020-2027

7.5. Rest of the World

7.5.1. Market Estimates & Forecast, by Region, 2020-2027

7.5.2. Market Estimates & Forecast, by Vehicle Type, 2020-2027

7.5.3. Market Estimates & Forecast, by Sales Channel, 2020-2027

7.5.4. Middle East & Africa

7.5.4.1. Market Estimates & Forecast, by Vehicle Type, 2020-2027

7.5.4.2. Market Estimates & Forecast, by Sales Channel, 2020-2027

7.5.5. Latin America

7.5.5.1. Market Estimates & Forecast, by Vehicle Type, 2020-2027

7.5.5.2. Market Estimates & Forecast, by Sales Channel, 2020-2027

8. Competitive Landscape

9. Company Profile

9.1. Denso Corporation (Japan)

9.1.1. Company Overview

9.1.2. Products/Services Offered

9.1.3. Financial Overview

9.1.4. Key Developments

9.1.5. Key Strategies

9.1.6. SWOT Analysis

9.2. HARMAN International (US)

9.2.1. Company Overview

9.2.2. Products/Services Offered

9.2.3. Financial Overview

9.2.4. Key Developments

9.2.5. Key Strategies

9.2.6. SWOT Analysis

9.3. Delphi Technologies (UK)

9.3.1. Company Overview

9.3.2. Products/Services Offered

9.3.3. Financial Overview

9.3.4. Key Developments

9.3.5. Key Strategies

9.3.6. SWOT Analysis

9.4. Daimler AG (Germany)

9.4.1. Company Overview

9.4.2. Products/Services Offered

9.4.3. Financial Overview

9.4.4. Key Developments

9.4.5. Key Strategies

9.4.6. SWOT Analysis

9.5. Volkswagen AG (Germany)

9.5.1. Company Overview

9.5.2. Products/Services Offered

9.5.3. Financial Overview

9.5.4. Key Developments

9.5.5. Key Strategies

9.5.6. SWOT Analysis

9.6. BMW AG (Germany)

9.6.1. Company Overview

9.6.2. Products/Services Offered

9.6.3. Financial Overview

9.6.4. Key Developments

9.6.5. Key Strategies

9.6.6. SWOT Analysis

9.7. Honda Motor Co., Ltd (Japan)

9.7.1. Company Overview

9.7.2. Products/Services Offered

9.7.3. Financial Overview

9.7.4. Key Developments

9.7.5. Key Strategies

9.7.6. SWOT Analysis

9.8. Nissan Motor Corporation (Japan)

9.8.1. Company Overview

9.8.2. Products/Services Offered

9.8.3. Financial Overview

9.8.4. Key Developments

9.8.5. Key Strategies

9.8.6. SWOT Analysis

9.9. MANDO-HELLA Electronics Corp. (South Korea)

9.9.1. Company Overview

9.9.2. Products/Services Offered

9.9.3. Financial Overview

9.9.4. Key Developments

9.9.5. Key Strategies

9.9.6. SWOT Analysis

9.10. KUFATEC GmbH & Co. KG (Germany)

9.10.1. Company Overview

9.10.2. Products/Services Offered

9.10.3. Financial Overview

9.10.4. Key Developments

9.10.5. Key Strategies

9.10.6. SWOT Analysis



List of Tables

Table 1 Global Acoustic Vehicle Alerting Systems Market, by Region, 2020-2027

Table 2 North America: Acoustic Vehicle Alerting Systems Market, by Country, 2020-2027

Table 3 Europe: Acoustic Vehicle Alerting Systems Market, by Country, 2020-2027

Table 4 Asia-Pacific: Acoustic Vehicle Alerting Systems Market, by Country, 2020-2027

Table 5 Rest of the World: Acoustic Vehicle Alerting Systems Market, by Region, 2020-2027

Table 6 Global Acoustic Vehicle Alerting Systems Market, by Vehicle Type, by Region, 2020-2027

Table 7 North America: Acoustic Vehicle Alerting Systems Market, by Vehicle Type, by Country, 2020-2027

Table 8 Europe: Acoustic Vehicle Alerting Systems Market, by Vehicle Type, by Country, 2020-2027

Table 9 Asia-Pacific: Acoustic Vehicle Alerting Systems Market, by Vehicle Type, by Country, 2020-2027

Table 10 Rest of the World: Acoustic Vehicle Alerting Systems Market, by Vehicle Type, by Region, 2020-2027

Table 11 Global Acoustic Vehicle Alerting Systems Market, by Sales Channel, by Region, 2020-2027

Table 12 North America: Acoustic Vehicle Alerting Systems Market, by Sales Channel, by Country, 2020-2027

Table 13 Europe: Acoustic Vehicle Alerting Systems Market, by Sales Channel, by Country, 2020-2027

Table 14 Asia-Pacific: Acoustic Vehicle Alerting Systems Market, by Sales Channel, by Country, 2020-2027

Table 15 Rest of the World: Acoustic Vehicle Alerting Systems Market, by Sales Channel, by Region, 2020-2027

List of Figures

Figure 1 Research Process of MRFR

Figure 2 Top-Down and Bottom-Up Approach

Figure 3 Market Dynamics

Figure 4 Impact Analysis: Market Drivers

Figure 5 Impact Analysis: Market Restraints

Figure 6 Porter's Five Forces Analysis

Figure 7 Value Chain Analysis

Figure 8 Global Acoustic Vehicle Alerting Systems Market Share, by Vehicle Type, 2020 (%)

Figure 9 Global Acoustic Vehicle Alerting Systems Market, by Vehicle Type, 2020-2027 (USD Million)

Figure 10 Global Acoustic Vehicle Alerting Systems Market Share, by Sales Channel, 2020 (%)

Figure 11 Global Acoustic Vehicle Alerting Systems Market, by Sales Channel, 2020-2027 (USD Million)

Figure 12 Global Acoustic Vehicle Alerting Systems Market Share (%), by Region, 2020

Figure 13 Global Acoustic Vehicle Alerting Systems Market, by Region, 2020-2027 (USD Million)

Figure 14 North America: Acoustic Vehicle Alerting Systems Market Share (%), 2020

Figure 15 North America: Acoustic Vehicle Alerting Systems Market, by Country, 2020-2027 (USD Million)

Figure 16 Europe: Acoustic Vehicle Alerting Systems Market Share (%), 2020

Figure 17 Europe: Acoustic Vehicle Alerting Systems Market, by Country, 2020-2027 (USD Million)

Figure 18 Asia-Pacific: Acoustic Vehicle Alerting Systems Market Share (%), 2020

Figure 19 Asia-Pacific: Acoustic Vehicle Alerting Systems Market, by Country, 2020-2027 (USD Million)

Figure 20 Rest of the World: Acoustic Vehicle Alerting Systems Market Share (%), 2020

Figure 21 Rest of the World: Acoustic Vehicle Alerting Systems Market, by Region, 2020-2027 (USD Million)

Acoustic Vehicle Alerting Systems Market