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Acoustic Vehicle Alerting System (AVAS) Market Share

Report ID: GMI8170
Published Date: Feb 2024
Report Format: PDF

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Acoustic Vehicle Alerting System Market Share

Denso Corporation and Microchip Technology hold a significant market share of over 7% in the acoustic vehicle alerting system industry. These major companies are investing in research and development to enhance sound generation algorithms, improve integration with vehicle systems, and address regulatory requirements worldwide. Additionally, they are actively collaborating with automakers to integrate AVAS technology into their vehicle platforms, ensuring compliance with safeRemove Anchorty standards and enhancing the overall driving experience for consumers.

In addition, these companies are expanding its global footprint in key markets such as Europe, North America, and Asia Pacific, establishing partnerships with local manufacturers and suppliers to meet the growing demand for AVAS solutions worldwide. Harman International, a subsidiary of Samsung Electronics, is leveraging its expertise in audio and infotainment systems to develop cutting-edge AVAS technology. The company is focusing on enhancing the user experience by offering customizable sound profiles, interactive interfaces, and seamless integration with in-vehicle entertainment systems.

Acoustic Vehicle Alerting System Market Companies

Major companies operating in the acoustic vehicle alerting system industry are:

Analog Devices, Inc.
Brigade Electronics
Continental AG
Denso Corporation
Harman International
Hitachi, Ltd.
Hyundai Mobis Co., Ltd.
Lear Corporation
Microchip Technology
Texas Instruments

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of acoustic vehicle alerting system (AVAS) reached USD 2 billion in 2023 and is set to witness 12% CAGR from 2024 to 2032, owing to the increased risk of pedestrian crashes and injuries along with regulations mandating its implementation in EVs and automakers worldwide.

The passenger cars segment held over 70% of the market share in 2023, due to automakers prioritizing the implementation of acoustic vehicle alerting system technology in passenger cars.

Asia Pacific market recorded over 40% revenue share in 2023, attributed to the growing need to enhance pedestrian safety, owing to quiet operation of electric vehicles in the region.

Analog Devices, Inc., Brigade Electronics, Continental AG, Denso Corporation, Harman International, Hitachi, Ltd., Hyundai Mobis Co., Ltd., Lear Corporation, Microchip Technology, and Texas Instruments are some of the major AVAS companies worldwide.