Acoustic Vehicle Alerting System Market Trends

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

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Acoustic Vehicle Alerting System Market Trends

The increasing demand for safety technologies in EVs is driving lucrative growth in the acoustic vehicle alerting system industry. With the rise in EV adoption, there is a growing need to enhance pedestrian safety due to the quieter operation of electric vehicles. For instance, in March 2023, Honda Cars India Ltd., a prominent manufacturer of high-quality cars in India, launched the New City (Petrol) and New City eHEV for the Indian market, incorporating additional features for enhanced safety, connectivity & convenience.
 

The New City eHEV introduces advanced safety technologies including the acoustic vehicle alerting system (AVAS), specifically designed for low-speed EV Mode operations in the Honda City eHEV model. Acoustic vehicle alerting system technology addresses this concern by emitting audible alerts, thereby mitigating the risk of pedestrian accidents, and ensuring compliance with regulatory requirements, leading to market expansion.
 

The rising demand for customized acoustic vehicle alerting system sounds is propelling significant growth in the acoustic vehicle alerting system market. As automakers and consumers seek to differentiate their vehicles & enhance brand identity, there is a growing emphasis on personalized auditory experiences. Customized acoustic vehicle alerting system sounds allow manufacturers to tailor the alerting system to align with the vehicle's design aesthetic or brand theme, while also catering to consumer preferences for distinctive & recognizable sounds. This trend is driving innovation and investment in acoustic vehicle alerting system technology, fueling market expansion.

Authors: Preeti Wadhwani,
Frequently Asked Question(FAQ) :
How big is the Asia Pacific AVAS market?
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.
Who are the leading players in the acoustic vehicle alerting system industry?
What is the value of passenger cars in the AVAS industry?
What is the size of the acoustic vehicle alerting system market?
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    Base Year: 2023

    Companies covered: 20

    Tables & Figures: 360

    Countries covered: 22

    Pages: 240

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