Acoustic Vehicle Alerting System Market

Acoustic Vehicle Alerting System Market by Propulsion Type, Vehicle Type, Electric Two-Wheeler (E-Scooter/Moped, E-Motorcycle), Sales Channel (OEM, Aftermarket), Mounting Position (Integrated, Separated), and Region - Global Forecast to 2027

Report Code: AT 7301 Aug, 2019, by marketsandmarkets.com

The acoustic vehicle alerting system market is projected to reach USD 5,619 million by 2027 from an estimated USD 425 million in 2019 considering the installation of AVAS in passenger car and commercial vehicle, at a CAGR of 38.1% during the forecast period. Increasing emphasis on commuter safety across the globe to enhance pedestrian safety creates opportunities for OEMs to research and develop an efficient and safer electric vehicle.

The European acoustic vehicle alerting system market is projected to experience steady growth due to the implementation mandate for acoustic vehicle alerting system. While Asia Pacific is the fastest-growing market due to the strong presence of major electric vehicle manufacturing OEMs, however, the standardization of sound emitted by these systems can create a hurdle for its growth.

Acoustic Vehicle Alerting System Market

BEV segment is estimated to be the fastest-growing acoustic vehicle alerting system market during the forecast period

The BEV segment is expected to hold the largest market share and is anticipated to be the fastest market growth owing to higher sales of BEV over PHEV and FCEV. Acoustic vehicle alerting system (AVAS) play a significant role in BEVs as these vehicles are powered by battery alone and emit very low noise while driving below 20km/h. BEVs such as Jaguar I-PACE and Nissan Leaf have already installed AVAS to enhance pedestrian safety.

Commercial segment is expected to grow at highest CAGR

Several countries are expected to replace their existing fuel-based bus fleet with electric buses. Acoustic vehicle alerting system will be installed in a commercial vehicle as per regulations to ensure the safety of other commuters on the road. The increasing trend of replacement of fossil fuel-based public transport fleet with electric buses will drive the growth of electric commercial vehicles during the forecast period. Additionally, the growth of e-commerce, logistics, and shared mobility will drive the growth of electric commercial vehicles during the forecast period.

The Asia Pacific acoustic vehicle alerting system market is expected to register the fastest growth during the forecast period

The Asia Pacific market is expected to witness the fastest growth, followed by Europe and North America. The Asia Pacific acoustic vehicle alerting system market for passenger car market is estimated to be the largest market. It comprises some of the fastest developing economies in the world, such as China, Japan, and India.

The automotive industry in countries such as China, Japan, and South Korea is inclined toward innovation, technology, and development of advanced electric vehicles. Market experts predict EVs to account for approximately 50% of the market share in China by 2025. The governments in these countries have recognized the growth potential of electric vehicles and the advantages of using them. Increasing demand for electric vehicles in Asia Pacific is anticipated to boost acoustic vehicle alerting system which would ensure pedestrian safety as the emitted sound would enable commuters to realize the presence of EVs.

Acoustic Vehicle Alerting System Market

Key Market Players

The global acoustic vehicle alerting system market is dominated by major players such as Delphi (Ireland), Daimler (Germany), Mando-Hella Electronics (South Korea), and Harman (US), among others. These companies have strong distribution networks at a global level. In addition, these companies offer an extensive product range in this market. These companies adopt strategies such as new product developments, collaborations, and contracts & agreements to sustain their market position.

Scope of the Report

Report Metric

Details

Market size available for years

2017–2027

Base year considered

2018

Forecast period

2019–2027

Forecast units

Volume (Units) & Value (USD)

Segments covered

By Propulsion Type, Vehicle Type, Electric Two-Wheeler, Sales Channel, Mounting Position

Geographies covered

North America, Asia Pacific, and Europe

Companies covered

Daimler (Germany), Delphi (Ireland), HARMAN (US), and Mando-Hella Electronics (South Korea)
A total of 17 major players covered

This research report categorizes the given acoustic vehicle alerting system market based on sales channel, propulsion type, vehicle type, mounting position, and electric two-wheeler and region

Based on the Sales Channel, the market has been segmented as follows:

  • OEM
  • Aftermarket

Based on the Propulsion type, the market has been segmented as follows:

  • BEV
  • PHEV
  • FCEV

Based on Vehicle Type, the market has been segmented as follows:

  • Passenger cars
  • Commercial vehicles

Based on the Mounting Position, the market has been segmented as follows:

  • Integrated
  • Separated

Based on Electric Two-wheelers, the market has been segmented as follows:

  • E-Scooter/Moped
  • E-Motorcycle

Based on the Region, the market has been segmented as follows:

  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • North America
    • US
    • Canada
  • Europe
    • Austria
    • France
    • Germany
    • Spain
    • Switzerland
    • Norway
    • The Netherlands
    • Denmark
    • Sweden

Recent Developments

  • In March 2017, Harman became a wholly-owned subsidiary of Samsung Electronics Co., Ltd. The company emphasized on inorganic strategies. For instance, in June 2019, it announced an expansion to its automotive electronics manufacturing plant at the outskirts of Pune, India, in sync with the national priority program of ‘Make in India”.
  • Nissan is another leading manufacturer of vehicles under the Nissan, Infiniti, and Datsun brands worldwide. In October 2017, at the Tokyo Motor Show, Nissan introduced “Canto,” not a new concept vehicle, but a concept sound that will give its EVs an audible personality on the road.
  • Delphi is one of the leading players in the vehicle component manufacturing market. The company provides acoustic vehicle alerting systems in two different versions. The two versions differentiate themselves through the way the electronic vibrations are transformed into audible noise—customers can choose between a piezo-based sound transducer and an electrodynamic one.

Critical Questions:

  • Many companies are operating in the acoustic vehicle alerting system market space across the globe. Do you know who are the front leaders, and what strategies have been adopted by them?
  • Fast-paced developments in acoustic vehicle alerting system such as Generation 1 and Generation 2 system offered by leading manufacturers are expected to change the dynamics of acoustic vehicle alerting system market. How will this transform the overall market?
  • Which leading companies are working on the installation of AVAS in passenger car and on commercial vehicles, and what organic and inorganic strategies have been adopted by them?
  • Analysis of your competition that includes major players in the electric vehicle charging ecosystem. The major players include Daimler (Germany), Delphi (Ireland), Harman (US), and Mando-Hella Electronics (South Korea), among others.
  • Discussion on your client’s imperatives based on our existing research on electric vehicle market and its ecosystems.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction
    1.1 Objectives of the Study
    1.2 Product Definition
    1.3 Acoustic Vehicle Alerting System Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered in the Report
    1.4 Currency and Pricing
    1.5 Package Size
    1.6 Limitation
    1.7 Stakeholders

2 Research Methodology
    2.1 Research Data
    2.2 Secondary Data
           2.2.1 Key Secondary Sources
           2.2.2 Key Data From Secondary Sources
    2.3 Primary Data
           2.3.1 Sampling Techniques & Data Collection Methods
           2.3.2 Primary Participants

3 Executive Summary

4 Premium Insights

5 Acoustic Vehicle Alerting System Market Overview
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
           5.2.2 Restraints
           5.2.3 Opportunities
           5.2.4 Challenges

6 Industry Trends
    6.1 Porter’s 5 Force 
    6.2 Value Chain Analysis
    6.3 Regulatory Overview 

7 Avas Market, By Sales Channel
    7.1 OEM
    7.2 Aftermarket 

8 Avas Market, By Propulsion Type 
    8.1 Introduction
    8.2 BEV
    8.3 PHEV
    8.4 FCEV

9 Avas Market, By Vehice Type
    9.1 Introduction
    9.2 Passenger Cars 
    9.3 Commercial Vehicles            

10 Avas Market, By Mounting Position Type
     10.1 Seperated
     10.2 Integrated 

11 Avas Market, By Electric Two Wheeler Type
     11.1 E-Mopeds/Scooters
     11.2 E-Motorcycles  

12 Avas Market, By Region
     12.1 Introduction
     12.2 Asia-Pacific
             12.2.1 China
             12.2.2 Japan
             12.2.3 India
             12.2.4 South Korea
     12.3 North America
             12.3.1 U.S.
             12.3.2 Canada
     12.4 Europe
             12.4.1 Germany
             12.4.2 France
             12.4.3 U.K
             12.4.4 Sweden
             12.4.5 Denmark
             12.4.6 The Netherlands
             12.4.7 Norway
             12.4.8 Spain
             12.4.9 Austria
             12.4.10 Switzerland

13 Competitive Landscapes
     13.1 Agreements/Joint Ventures/ Supply Contracts/ Collaborations/ Partnerships & Others  
     13.2 New Product Launches
     13.3 Expansions 
     13.4 Merger & Acquisitions
     13.5 Competitive Leadership Mapping 
             13.5.1 Dynamic Differentiators
             13.5.2 Innovators
             13.5.3 Visionary Leaders
             13.5.4 Emerging Companies
     13.6    Acoustic Vehicle Alerting System Market Ranking, 2018    

14 Company Profiles
     14.1 Delphi Technologies
     14.2 Denso Corporation 
     14.3 Continental AG 
             1.4.4 Harman International
     14.4 Nissan Motor Company Ltd. 
     14.5 Tesla Inc. 
     14.6 Daimler AG 
     14.7 Volkswagen AG 
     14.8 Sound Racer 
     14.9 BMW AG 
     14.10 Honda Motor Co., Ltd. 
     14.11 Mando-Hella Electronics Corp.  
Other Regional Key Players (Seperate Players for All Regions)
     14.12 Aptiv 
     14.13 Kufatec GmbH & Co. Kg 
     14.14 Kendrion N.V. 
     14.15 Brigade Electronics 
     14.16 Texas Instruments 

The study involved four major activities in estimating the current size of the acoustic vehicle alerting system market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with the industry experts across value chains through primary research. The top-down approach was employed to estimate the complete market size. Thereafter, market breakdown and data triangulation processes were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources such as company annual reports/presentations, press releases, industry association publications [such as publications of electric vehicles’ OEMs, Canadian Automobile Association (CAA), country-level automotive associations and trade organizations, and the US Department of Transportation (DOT)], electric vehicle magazine articles, directories, technical handbooks, World Economic Outlook, trade websites, and technical articles have been used to identify and collect information useful for an extensive commercial study of the global acoustic vehicle alerting system market.

Primary Research

Extensive primary research has been conducted after acquiring an understanding of the Acoustic Vehicle Alerting System market scenario through secondary research. Several primary interviews have been conducted with market experts from the demand- and supply-side OEMs (in terms of component supply, country-level government associations, and trade associations) and component manufacturers across three major regions, namely, Asia Pacific, Europe, and North America. Approximately 23% and 77% of primary interviews have been conducted from the demand- and supply-side, respectively. Primary data has been collected through questionnaires, emails, LinkedIn, and telephonic interviews. In the canvassing of primaries, we have strived to cover various departments within organizations, such as sales, operations, and administration, to provide a holistic viewpoint in our report.

After interacting with industry experts, we conducted brief sessions with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report. Following is the breakdown of primary respondents.

Acoustic Vehicle Alerting System Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The top-down and bottom-up approaches were used to estimate and validate the total market size. These methods were also used extensively to estimate the size of various sub-segments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and markets have been identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall Acoustic Vehicle Alerting System market size using the market size estimation processes as explained above—the market was split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Report Objectives

  • To segment and forecast the global acoustic vehicle alerting systems market size in terms of volume and value.
  • To define, describe, and forecast the global acoustic vehicle alerting systems market based on sales channel, propulsion type, vehicle type, mounting position, and electric two-wheeler and region
  • To segment and forecast the market size by sales channel (OEM and Aftermarket)
  • To segment and forecast the market size by propulsion type (Battery Electric Vehicle (BEV), Plug-in Hybrid Electric Vehicle (PHEV), and Fuel Cell Vehicle (FCEV))
  • To segment and forecast the market size by mounting position (Separated and Integrated)
  • To segment and forecast the market size by vehicle type (Passenger Cars and Commercial Vehicles)
  • To segment and forecast the market size by electric two-wheeler (E-scooter/E-moped and E-motorcycle)
  • To forecast the market size with respect to key regions, namely, North America, Europe, and Asia Pacific)
  • To provide detailed information regarding the major factors influencing market growth (drivers, challenges, restraints, and opportunities)
  • To strategically analyze markets with respect to individual growth trends, future prospects, and contribution to the total market

Available Customizations

With the given market data, MarketsandMarkets offers customizations in accordance to the company’s specific needs.

  • Acoustic Vehicle Alerting System Market, By Sales channel at country level
  • Acoustic Vehicle Alerting System Market, By Mounting Position at country level

Company Information

  • Profiling of Additional Market Players (Up to 3)
Report Code
AT 7301
Published ON
Aug, 2019
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