Acoustic Vehicle Alerting System Market

Acoustic Vehicle Alerting System (AVAS) is a sound generating device for electric vehicle and hybrid electric vehicles. AVAS installed in e-vehicle and capable of operating without internal combustion engine running that produces sound when e-vehicle is running at slow speed at 20 Km/hr to warn pedestrian and another defenseless road user of the vehicle presence. Acoustic Vehicle Alerting System (AVAS) used in hybrid electric vehicle (HEVs), plug-in hybrid electric vehicle (PHEV) and other electric vehicles which are moving at low speed.

Increasing demand for an electric vehicle to reduce fuel consumption and enhance operating efficiency and growing prominence on-road commuter safety are the key factors of the acoustic vehicle alerting systems market during the forecast period. In addition, government initiatives for road safety and increasing investment in R&D to develop a different sound module which results in advancement in AVAS. For instance, Mercedes AMG, signed a partnership with Linkin Park, a music band to establish an artificial sound for an electric vehicle. However, high installation and maintenance costs for low price vehicles are hindering the market growth.

Various notable players in the market include Delphi Technologies, Harman International, Tesla Inc., Denso Corporation, Mercedes, BMW AG, Daimler AG, Mando-Hella Electronics Corp., Nissan Motor Company Ltd., and Volkswagen AG. Major players are focussing on product launch, acquisition, collaboration to expand their global reach and become a market competitive.

The Global Acoustic Vehicle Alerting System market has been segmented by propulsion, vehicle type, mounting position, distribution channel, and key geographies. Based on the propulsion type, the market has been segmented into BEV, PHEV, and FCEV. Based on vehicle type, the market has been segmented into passenger vehicle and commercial vehicle. Based on the mounting position, the market has been segmented into Integrated and Separated. Based on the distribution channel, the market is bifurcated into OEM and Aftermarket.

The research report “Global Acoustic Vehicle Alerting System market” provides an in-depth analysis of the global Acoustic Vehicle Alerting System market based on propulsion, vehicle type, mounting position, distribution channel and major geographies for the forecast period from 2019 to 2026. The report also highlights the major market drivers propelling the growth as well as challenges faced by market participants. The research report provides market size and forecast for the global acoustic vehicle alerting system market. In addition, the report also analyses the competitive landscape, major players, and their strategies in 2018. The competitive landscape section of the report captures and highlights the recent developments in the market.

Key questions answered in this research report:

• •  At what pace is the global Acoustic Vehicle Alerting System market growing? What will be a growing trend in the future?
  •  What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
  •  What are the regional revenue and forecast breakdowns? Which are the significant regional revenue pockets for growth in the global acoustic vehicle alerting system market?
  •  What are the various application areas and how they are poised to grow?

Market Segmentation

• By Propulsion Type

o BEV
o PHEV
o FCEV

• By Vehicle Type

o Passenger Vehicle
o Commercial Vehicle

• By Mounting Position

o Integrated
o Separated

• By Distribution Channel

o OEM
o Aftermarket

By Region

• North America
As a part of customization

o By Propulsion Type
o By Vehicle Type
o By Mounting Position
o By Distribution Channel
o US
o Canada
o Mexico

• Europe
As a part of customization

o By Propulsion Type
o By Vehicle Type
o By Mounting Position
o By Distribution Channel
o UK
o Germany
o Spain
o Rest of Europe

• Asia-Pacific
As a part of customization

o By Propulsion Type
o By Vehicle Type
o By Mounting Position
o By Distribution Channel
o China
o Australia
o India
o Rest APAC

• ROW
As a part of customization

o By Propulsion Type
o By Vehicle Type
o By Mounting Position
o By Distribution Channel
o Brazil
o South Africa
o GCC countries
o Rest of world (remaining countries of LAMEA region)

Leading Market Players

• Delphi Technologies
• Harman International
• Tesla Inc.
• Denso Corporation
• Mercedes
• BMW AG
• Daimler AG
• Mando-Hella Electronics Corp.
• Nissan Motor Company Ltd.
• Volkswagen AG