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The acoustic vehicle alerting system market share is expected to increase by 16.33 million units from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 5.42%.
This acoustic vehicle alerting system market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers acoustic vehicle alerting system market segmentation by application (two-wheeler and four-wheeler) and geography (APAC, Europe, North America, South America, and Middle East and Africa). The acoustic vehicle alerting system market report also offers information on several market vendors, including Ardent Group Ltd., Brigade Electronics Group Plc, Continental AG, Electronic Specifier Ltd., HELLA GmbH and Co. KG, JAGUAR LAND ROVER AUTOMOTIVE PLC, Kendrion NV, Mercedes Benz Group AG, Nissan Motor Co. Ltd., Nisshinbo Holdings Inc., Novosim, OE Industry sp. z o.o., Samsung Electronics Co. Ltd., Siemens AG, SoundRacer AB, STMicroelectronics International NV, Tesla Inc., Texas Instruments Inc., TH Cologne, and Volkswagen AG among others.
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The high popularity of luxury EVs is notably driving the acoustic vehicle alerting system market growth, although factors such as the limited application in the non-electric vehicle industry may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the acoustic vehicle alerting system industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Acoustic Vehicle Alerting System Market Driver
Key Acoustic Vehicle Alerting System Market Trend
Key Acoustic Vehicle Alerting System Market Challenge
This acoustic vehicle alerting system market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global acoustic vehicle alerting system market as a part of the global automotive components and accessories market within the global auto components market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the acoustic vehicle alerting system market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the acoustic vehicle alerting system market encompasses successful business strategies deployed by the key vendors. The acoustic vehicle alerting system market is fragmented and the vendors are deploying growth strategies such as developing high-performance audio amplifiers for customers and developing audio amplifiers for specialized applications such as safety systems to compete in the market.
ardent-uk.com - The company offers acoustic vehicle alerting systems such as Forman V AVAS.
ardent-uk.com - Through the unified segment, the company offers services and products to sectors such as aviation, transport, power generation, and military.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The acoustic vehicle alerting system market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the acoustic vehicle alerting system market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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47% of the market’s growth will originate from APAC during the forecast period. China is the key market for acoustic vehicle alerting systems in APAC. Market growth in this region will be faster than the growth of the market in other regions.
Countries such as China, Japan, and Australia have gained prominence in connected car technologies and EVs in recent years. This will facilitate the acoustic vehicle alerting system market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In H1 2020, the COVID-19 pandemic had a limited impact on the regional acoustic vehicle alerting system market. Though the sales of EVs increased in 2020, the regional acoustic vehicle alerting system market faced supply chain disruptions due to trade and lockdown restrictions in APAC. However, the regional acoustic vehicle alerting system market witnessed growth due to the resumption of trade operations in H2 2020 and the resumption of production facilities in the automotive industry due to the initiation of vaccination drives.
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The acoustic vehicle alerting system market share growth in the two-wheeler segment will be significant during the forecast period. The demand for acoustic vehicle alerting systems (AVAS) is growing in two-wheelers, as the safety of pedestrians and cyclists is a key area every government is looking to improvise. The awareness of various automotive safety systems is increasing due to increasing vehicle accidents.
This report provides an accurate prediction of the contribution of all the segments to the growth of the acoustic vehicle alerting system market size and actionable market insights on post COVID-19 impact on each segment.
Acoustic Vehicle Alerting System Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.42% |
Market growth 2022-2026 |
16.33 mn units |
Market structure |
Fragmented |
YoY growth (%) |
4.87 |
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 47% |
Key consumer countries |
US, China, The Netherlands, Germany, and UK |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Ardent Group Ltd., Brigade Electronics Group Plc, Continental AG, Electronic Specifier Ltd., HELLA GmbH and Co. KG, JAGUAR LAND ROVER AUTOMOTIVE PLC, Kendrion NV, Mercedes Benz Group AG, Nissan Motor Co. Ltd., Nisshinbo Holdings Inc., Novosim, OE Industry sp. z o.o., Samsung Electronics Co. Ltd., Siemens AG, SoundRacer AB, STMicroelectronics International NV, Tesla Inc., Texas Instruments Inc., TH Cologne, and Volkswagen AG |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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