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Acoustic Vehicle Alerting System Market by Application and Geography - Forecast and Analysis 2022-2026

  • Published: Jul 2022
  • Pages: 126
  • SKU: IRTNTR73960
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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.

What will the Acoustic Vehicle Alerting System Market Size be During the Forecast Period?

Acoustic Vehicle Alerting System Market Size

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Acoustic Vehicle Alerting System Market: Key Drivers, Trends, and Challenges

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

  • One of the key factors driving growth in the acoustic vehicle alerting system market is the high popularity of luxury EVs.
  • The demand for luxury EVs is increasing globally owing to factors such as improving socio-economic conditions in emerging economies such as China and India, consistent demand in developing automotive markets, and easier vehicle financing options.
  • The adoption of AVAS is high in luxury EVs owing to their silent operation. For instance, the chances of collision with pedestrians are high owing to the silent operation of luxury EVs. Therefore, AVAS is available as a part of the premium audio system in most EVs. Hence, the growing demand for luxury EVs is driving the growth of the market in focus.
  • Prominent luxury vehicle manufacturers are witnessing steady growth in sales of luxury EVs in recent years. Such factors are expected to be important drivers for the growth of the market in focus.

Key Acoustic Vehicle Alerting System Market Trend

  • The developments in the field of advanced automotive sound systems is an acoustic vehicle alerting system market trend that is expected to have a positive impact in the coming years.
  • The application of AVAS in vehicles increases the number of speakers in the automotive sound system. Therefore, vendors operating in the AVAS are working on improving the overall performance and experience of the automotive sound system.
  • Burmester Audiosysteme GMBH offers the High-End Surround Sound System, which comprises 27 high-performance speakers that deliver a total output of 1,600 Watts. The company has combined digital and analog amplifier technology, which delivers high-quality, natural sound with performance amplification.
  • B and W Group Ltd. offers a Diamond Surround Sound System, which comprises 16 speakers and ten channels, delivering a power output of 1,400 Watts. Such developments are expected to boost the sales of AVAS, thus driving the growth of the market in focus.

Key Acoustic Vehicle Alerting System Market Challenge

  • The limited application in the non-electric vehicle industry will be a major challenge for the acoustic vehicle alerting system market during the forecast period.
  • Most EVs, BEVs, and hybrid cars offer silent operation, unlike internal combustion engines (ICs). These cars are audible only at higher speeds.
  • Governments in Europe, North America, and APAC have mandated the installation of AVAS in electric cars. Therefore, AVAS has found a major application in the electric car industry. 
  • Though EVs are gaining traction in the global automotive industry, the automotive industry is dominated by non-electric vehicles such as petrol and diesel vehicles.
  • Vendors operating in the global acoustic vehicle alerting system market mostly target electric cars, electric bikes, e-scooters, and e-bike companies globally. Also, numerous non-electric vehicle owners are unaware of AVAS. Such limited application of AVAS may negatively impact the growth of the market focus.

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.

Parent Market Analysis

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.

Who are the Major Acoustic Vehicle Alerting System Market Vendors?

The report analyzes the market’s competitive landscape and 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
  • Volkswagen AG

 

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.

Product Insights and News

  • 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.

Acoustic Vehicle Alerting System Market Value Chain Analysis

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.

Which are the Key Regions for Acoustic Vehicle Alerting System Market?

Acoustic Vehicle Alerting System Market Share by Geography

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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. 

What are the Revenue-generating Application Segments in the Acoustic Vehicle Alerting System Market?

Acoustic Vehicle Alerting System Market Share

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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

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What are the Key Data Covered in this Acoustic Vehicle Alerting System Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive acoustic vehicle alerting system market growth during the next five years
  • Precise estimation of the acoustic vehicle alerting system market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the acoustic vehicle alerting system industry across APAC, Europe, North America, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of acoustic vehicle alerting system market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 (million units)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 (million units)
      • Exhibit 15: Chart on Global Market- Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market- Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Application

    • 5.1 Market segments
      • Exhibit 24: Chart on Application - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
    • 5.2 Comparison by Application
      • Exhibit 26: Chart on Comparison by Application
      • Exhibit 27: Data Table on Comparison by Application
    • 5.3 Two-wheeler - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Two-wheeler - Market size and forecast 2021-2026 (million units)
      • Exhibit 29: Data Table on Two-wheeler - Market size and forecast 2021-2026 (million units)
      • Exhibit 30: Chart on Two-wheeler - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Two-wheeler - Year-over-year growth 2021-2026 (%)
    • 5.4 Four-wheeler - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Four-wheeler - Market size and forecast 2021-2026 (million units)
      • Exhibit 33: Data Table on Four-wheeler - Market size and forecast 2021-2026 (million units)
      • Exhibit 34: Chart on Four-wheeler - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Four-wheeler - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Application
      • Exhibit 36: Market opportunity by Application (million units)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 40: Chart on Geographic comparison
      • Exhibit 41: Data Table on Geographic comparison
    • 7.3 APAC - Market size and forecast 2021-2026
      • Exhibit 42: Chart on APAC - Market size and forecast 2021-2026 (million units)
      • Exhibit 43: Data Table on APAC - Market size and forecast 2021-2026 (million units)
      • Exhibit 44: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 (million units)
      • Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 (million units)
      • Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 North America - Market size and forecast 2021-2026
      • Exhibit 50: Chart on North America - Market size and forecast 2021-2026 (million units)
      • Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 (million units)
      • Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 54: Chart on South America - Market size and forecast 2021-2026 (million units)
      • Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 (million units)
      • Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 (million units)
      • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 (million units)
      • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 China - Market size and forecast 2021-2026
      • Exhibit 62: Chart on China - Market size and forecast 2021-2026 (million units)
      • Exhibit 63: Data Table on China - Market size and forecast 2021-2026 (million units)
      • Exhibit 64: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.9 US - Market size and forecast 2021-2026
      • Exhibit 66: Chart on US - Market size and forecast 2021-2026 (million units)
      • Exhibit 67: Data Table on US - Market size and forecast 2021-2026 (million units)
      • Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.10 The Netherlands - Market size and forecast 2021-2026
      • Exhibit 70: Chart on The Netherlands - Market size and forecast 2021-2026 (million units)
      • Exhibit 71: Data Table on The Netherlands - Market size and forecast 2021-2026 (million units)
      • Exhibit 72: Chart on The Netherlands - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on The Netherlands - Year-over-year growth 2021-2026 (%)
    • 7.11 Germany - Market size and forecast 2021-2026
      • Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 (million units)
      • Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 (million units)
      • Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.12 UK - Market size and forecast 2021-2026
      • Exhibit 78: Chart on UK - Market size and forecast 2021-2026 (million units)
      • Exhibit 79: Data Table on UK - Market size and forecast 2021-2026 (million units)
      • Exhibit 80: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 82: Market opportunity by geography (million units)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 85: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 86: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 87: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 88: Matrix on vendor position and classification
            • 10.3 Ardent Group Ltd.
              • Exhibit 89: Ardent Group Ltd. - Overview
              • Exhibit 90: Ardent Group Ltd. - Product / Service
              • Exhibit 91: Ardent Group Ltd. - Key offerings
            • 10.4 Continental AG
              • Exhibit 92: Continental AG - Overview
              • Exhibit 93: Continental AG - Business segments
              • Exhibit 94: Continental AG - Key news
              • Exhibit 95: Continental AG - Key offerings
              • Exhibit 96: Continental AG - Segment focus
            • 10.5 Kendrion NV
              • Exhibit 97: Kendrion NV - Overview
              • Exhibit 98: Kendrion NV - Product / Service
              • Exhibit 99: Kendrion NV - Key offerings
            • 10.6 Mercedes Benz Group AG
              • Exhibit 100: Mercedes Benz Group AG - Overview
              • Exhibit 101: Mercedes Benz Group AG - Business segments
              • Exhibit 102: Mercedes Benz Group AG - Key offerings
              • Exhibit 103: Mercedes Benz Group AG - Segment focus
            • 10.7 Nisshinbo Holdings Inc.
              • Exhibit 104: Nisshinbo Holdings Inc. - Overview
              • Exhibit 105: Nisshinbo Holdings Inc. - Business segments
              • Exhibit 106: Nisshinbo Holdings Inc. - Key offerings
              • Exhibit 107: Nisshinbo Holdings Inc. - Segment focus
            • 10.8 Novosim
              • Exhibit 108: Novosim - Overview
              • Exhibit 109: Novosim - Product / Service
              • Exhibit 110: Novosim - Key offerings
            • 10.9 OE Industry sp. z o.o.
              • Exhibit 111: OE Industry sp. z o.o. - Overview
              • Exhibit 112: OE Industry sp. z o.o. - Product / Service
              • Exhibit 113: OE Industry sp. z o.o. - Key offerings
            • 10.10 SoundRacer AB
              • Exhibit 114: SoundRacer AB - Overview
              • Exhibit 115: SoundRacer AB - Product / Service
              • Exhibit 116: SoundRacer AB - Key offerings
            • 10.11 STMicroelectronics International NV
              • Exhibit 117: STMicroelectronics International NV - Overview
              • Exhibit 118: STMicroelectronics International NV - Business segments
              • Exhibit 119: STMicroelectronics International NV - Key news
              • Exhibit 120: STMicroelectronics International NV - Key offerings
              • Exhibit 121: STMicroelectronics International NV - Segment focus
            • 10.12 Tesla Inc.
              • Exhibit 122: Tesla Inc. - Overview
              • Exhibit 123: Tesla Inc. - Business segments
              • Exhibit 124: Tesla Inc. - Key offerings
              • Exhibit 125: Tesla Inc. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 126: Inclusions checklist
                • Exhibit 127: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 128: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 129: Research methodology
                • Exhibit 130: Validation techniques employed for market sizing
                • Exhibit 131: Information sources
              • 11.5 List of abbreviations
                • Exhibit 132: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Acoustic Vehicle Alerting System Market market growth will increase by $16.33 mn units during 2022-2026.
              The acoustic vehicle alerting system market market is expected to grow at a CAGR of 5.42% during 2022-2026.
              Technavio has segmented the acoustic vehicle alerting system market market by application (two-wheeler and four-wheeler) and geography (APAC, Europe, North America, South America, and Middle East and Africa).
              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, Volkswagen AG are a few of the key vendors in the acoustic vehicle alerting system market market.
              APAC will register the highest growth rate of 47% among the other regions. Therefore, the acoustic vehicle alerting system market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the acoustic vehicle alerting system market market growth are:
              • High popularity of luxury EVs
              • Developments in the field of advanced automotive sound systems
              The acoustic vehicle alerting system market market vendors should focus on grabbing business opportunities from the two-wheeler segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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