Navigating the Acoustic Electric Vehicle Alerting Systems Market: Global and Regional Perspectives | BIS Research

The Acoustic Electric Vehicle Alerting Systems (AEVAS) Market is gaining significant traction globally, driven by the increasing adoption of electric vehicles (EVs) and the need for enhanced safety measures. Electric vehicles, known for their silent operation, pose a unique safety challenge, especially for pedestrians and visually impaired individuals. To address this, governments and automotive manufacturers are now mandating the use of Acoustic Vehicle Alerting Systems (AVAS) in electric and hybrid vehicles.

These systems generate artificial sound when the vehicle is moving at low speeds, alerting pedestrians and other road users to the presence of a nearby electric vehicle. The growing demand for electric vehicles, coupled with regulatory mandates, is propelling the growth of the Acoustic Electric Vehicle Alerting Systems Industry.

Market Overview

Tight government regulations and rising public awareness of pedestrian safety are driving the market's growth. Major automakers are incorporating AEVAS into their cars in order to meet safety regulations and raise the general safety level of their cars. The development of customisable AEVAS solutions and technological improvements in sound engineering are also driving market expansion.

In an optimistic scenario, the acoustic electric vehicle alerting systems market would be evaluated at a valuation of $1.22 billion in 2024 and is projected to expand at a CAGR of 6.73% to reach $2.34 billion by 2034 during the forecast period of 2024-2034, according to BIS Research.

Key Market Drivers

Rise in Electric Vehicle Adoption:

• The global shift towards reducing carbon emissions and embracing sustainable energy has significantly increased the adoption of electric vehicles (EVs).

• Major automakers are investing in EV technologies, driving demand for AVAS to enhance safety for drivers and pedestrians.

Government Regulations and Safety Mandates:

• Governments worldwide are enforcing regulations requiring the installation of AVAS in electric and hybrid vehicles.

• The European Union and the U.S. have implemented mandatory AVAS in new electric vehicles, boosting market growth.

Growing Concerns About Road Safety:

• As electric vehicles operate more quietly than traditional cars, pedestrian safety concerns are rising, particularly in high-traffic areas.

• Acoustic alerting systems help reduce accident risks by emitting sounds at low speeds, ensuring pedestrians can detect approaching vehicles.

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Global Market Segmentation

Segmentation 1: by Vehicle Type

• Two-Wheelers

• Passenger Vehicles

• Light / Heavy Commercial Vehicles

Segmentation 2: by Propulsion Type

• Battery Electric Vehicles (BEV)

• Plug-in Hybrid Electric Vehicles (PHEV)

• Hybrid Electric Vehicles (HEV)

Segmentation 3: by Sales Channel

• Original Equipment Manufacturer (OEM)

• Aftermarket

Segmentation 4: by Technology Type

• Synthesized Sound System

• Actual Sound System

Segmentation 5: by Region

• North America

• Europe

• Asia-Pacific

• Rest-of-the-World

Technological Advancements in the Industry

Customizable Sounds: One of the latest trends in the Acoustic Electric Vehicle Alerting Systems Market is the development of customizable sound systems. Vehicle manufacturers are working on creating unique sound profiles for their EV models to enhance brand identity while ensuring compliance with safety standards.

Integration with Advanced Driver Assistance Systems (ADAS): The integration of AVAS with ADAS is gaining popularity in the automotive sector. Combining acoustic alerting systems with other safety technologies such as automatic emergency braking, lane departure warnings, and pedestrian detection systems is enhancing the overall safety performance of electric vehicles.

Energy Efficiency: To avoid draining the EV battery, manufacturers are focusing on developing energy-efficient AVAS technologies. These systems are designed to consume minimal power while delivering optimal sound output, ensuring the vehicle’s range is not significantly impacted.

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Key Market Players

The companies featured here were chosen through extensive secondary research that involved examining corporate coverage, product portfolio, market penetration, and primary expert inputs.

• HELLA GmbH & Co. KGaA

• Harman International

• Mercedes-Benz AG

• Brigade Electronics Group Plc

• Kendrion N.V.

• DENSO ELECTRONICS CORPORATION

Future Market Outlook

The Acoustic Electric Vehicle Alerting Systems Market is poised for robust growth in the coming years, driven by the increasing adoption of electric vehicles and stringent government regulations. Technological advancements, such as customizable sounds and integration with ADAS, will further enhance the functionality and appeal of AVAS systems.

As the global transition to electric vehicles continues, the Acoustic Electric Vehicle Alerting Systems Industry will play a crucial role in ensuring road safety and compliance with international standards.

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Conclusion

The Acoustic EV Alerting Systems Market is at the forefront of the automotive industry's shift towards safer and smarter electric vehicles. With the growing demand for electric vehicles and regulatory mandates pushing for enhanced safety measures, the market for AVAS is set to expand significantly.

Manufacturers, technology providers, and automotive companies must continue to innovate and invest in AVAS technologies to meet the evolving needs of the Acoustic Electric Vehicle Alerting Systems Industry. As electric vehicle adoption rises, ensuring pedestrian safety with advanced acoustic alerting systems will be key to the future of the global automotive market.