Impact of Covid-19 Outbreak on Acoustic Vehicle Alerting Systems Market

22/lug/2020 09:57:01 Automotive Market Research Reports Contatta l'autore

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Market Research Future (MRFR) states that the global acoustic vehicle alerting systems market is expected to register a CAGR of about 12% over the evaluation period of 2019–2025. The rising need to upgrade the horn system of electric vehicles (EVs), as their feeble noise may not send strong alert message to cyclist, pedestrians, and geriatric people, is noted to escalate the installation of AVAS in EVs. This is a major factor that is likely to promote the global AVAS market growth.

Industry News

September 2019

BlackBerry Limited, a Canada-based software development company, launched BlackBerry QNX®, an Acoustics Management Platform (AMP) 3.0, the current version of the company’s automotive acoustics software.

July 2019

Mercedes Benz, a Germany-based global automobile manufacturing company, would AVAS in electric vehicles to alert pedestrians.

Market Insights

Presently, as people live a fast-beat life, and their need quick conveyance facilities, the need for effective transportation system is rising. Lack of awareness of an approaching vehicle can lead to brutal accidents. Electric cars that produce feeble sound can often be nullified by roadway noise, which might not alert cyclist and pedestrians of an approaching vehicle that can lead to fatal accidents. The growing concern to prevent accidents is a major factor that is encouraging installation of AVAS in electric vehicles that is likely to promote its market growth.  

Segmental Overview

The global market of acoustic vehicle alerting system has been segmented by vehicle type and sales channel. By type of vehicle, the market has been segmented into light commercial vehicle, passenger car, and heavy commercial vehicle. By sales channel, the market has been divided into original equipment manufacturer (OEM) and aftermarket.

Regional Outlook

By region, the market of acoustic vehicle alerting systems market has been studied in certain regions that include Europe, Asia-Pacific, North America, and the Rest of the World (RoW).

MRFR reveals that, over the forecast period, the North America market is likely to lead in the global market. In North America, it is observed that the sales of electric vehicles incorporated with acoustic vehicle alerting system is high. In addition, an augmentation in the production of acoustic vehicle alerting systems by original equipment manufacturers is observed.  High number of OEMs are present in the region. These factors are anticipated to impel the growth of the North America acoustic vehicle alerting systems market. The market in Canada, followed by the United States, is expected to register high CAGR over the forecast period. The Canada market is likely to expand at a rapid pace due to demand for safer electric cars and continuous technical advancements taking place in the region.  

In Europe, governments are pressing ahead the launch of electric vehicles that are integrated with AVAS. This is likely to enhance the transportation comfort for pedestrians and blind people.  This is expected to be a major factor that is likely to boost the growth of acoustic vehicle alerting systems market in Europe. The AVAS market in Germany is expected to register a higher CAGR than other countries in Europe. The government making deliberate effort in reducing roadway noise is expected to propel the regional market.

Key Players

KUFATEC GmbH & Co. KG (Germany), MANDO-HELLA Electronics Corp. (South Korea), HARMAN International (US), Denso Corporation (Japan), Daimler AG (Germany), Delphi Technologies (UK), BMW AG (Germany), Volkswagen AG (Germany), Nissan Motor Corporation (Japan), and Honda Motor Co., Ltd (Japan) are some of the well-established producer of acoustic vehicle alerting system. 

 

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