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Technavio’s market research analysts have identified the rise in automotive sales one of the primary factors that will trigger the growth of the automotive horns and fanfares market in the coming years. The growth of the passenger and commercial vehicles market drives the sales of automotive horns and fanfares and these vehicles are equipped with either horns or fanfares. The increase in the passenger car sales especially with SUVs and crossovers accounting for maximum sales will impact the growth of the automotive horns and fanfares market. Auto industries are growing rapidly in emerging countries such as Brazil, China, India, and Russia, which is creating an opportunity for several automotive horns and fanfares vendors to promote their products and solutions in these markets. Technavio’s market research analysts predict that this global market will post a revenue close to USD 8 billion by 2022.
The emergence of silent horn system is one of the key trends in the automotive horns and fanfares market. Noise pollution in the urban areas is caused by vehicular noise. Excessive use of horns distracts people in the nearby surrounding. Sound levels higher than 120 decibels can cause severe diseases such as hypertension and insomnia. To tackle this problem, infrared light emitting diodes (IR LEDs) and receivers are used which can generate and transmit silent horn signal outside the vehicle. This system has the potential to replace the traditional horn system.
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The automotive horns and fanfares market appears to be highly fragmented due to the presence of a large number of vendors. This industry research report offers in-depth analysis of the competitive strategies adopted by the vendors to sustain among the competitors in the vehicle horn market. Technavio’s analysts also study the key market areas along with the product offerings of the vendors in the market.
The report includes an analysis of a number of companies in this marketspace including -
In terms of geography, APAC accounted for the majority of shares in the vehicle horn market during 2017. Our analysts have predicted that this market will witness considerable growth in APAC during the forecast period as well.
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
PART 05: MARKET LANDSCAPE
PART 06: MARKET SIZING
PART 07: FIVE FORCES ANALYSIS
PART 08: MARKET SEGMENTATION BY VEHICLE TYPE
PART 09: CUSTOMER LANDSCAPE
PART 10: REGIONAL LANDSCAPE
PART 11: DECISION FRAMEWORK
PART 12: DRIVERS AND CHALLENGES
PART 13: MARKET TRENDS
PART 14: VENDOR LANDSCAPE
PART 15: VENDOR ANALYSIS
PART 16: APPENDIX
List of abbreviations
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