Top Companies in AVAS Industry - Continental AG (Germany), Hella GMBH & CO. KGAA (Germany) and Kendrion N. V. (Netherlands)
The AVAS market is projected to grow from USD 1.2 billion in 2024 to USD 1.7 billion by 2030, at a CAGR of 6.4%. The demand for AVAS is expected to increase significantly, driven by regulatory requirements aimed at enhancing pedestrian safety, particularly for visually impaired individuals. The significantly growing global electric and hybrid vehicle market further bolsters its expansion. The rapid growth of the micro-mobility sector, and increasing demand for customized AVAS solutions are foreseen to create novel opportunities within the AVAS market.
Key players dominating the AVAS market include Continental AG (Germany), Hella GMBH & CO. KGAA (Germany), Kendrion N. V. (Netherlands), Harman International (US), and Denso Corporation (Japan). These industry leaders develop innovative products, implement expansion strategies, and foster collaborations, partnerships, mergers, and acquisitions to establish a strong foothold in the dynamically growing AVAS market.
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Continental AG supplies engine systems, powertrain systems, interiors, tires, mobile fluid systems, and air spring systems. The company operates in four major segments: tires, automotive, contract manufacturing, and ContiTech. It offers products such as power electronics, electrical water pumps, 48V DC/DC converters, 48V belt-driven starter generators with integrated inverters, 48V e-compressors, electrical water pumps, position sensors, and linear contactless, inductive, and coolant flow control valves for hybrid vehicles under its powertrain segment. Continental AG offers an emergency brake assist (EBA) pedestrian system to avoid collisions with pedestrians using visual/audio alerts and automatic full braking. This function reduces most accidents due to the driver's lack of awareness of a hazardous situation, such as pedestrians crossing the vehicle path.
Hella GMBH & CO. KGAA (Hella), a subsidiary of the Forvia Group, operates within three primary business segments: lighting, electronics, and lifecycle solutions. The company's product range within the lighting segment encompasses headlamps, rear combination lamps, car body lighting, and interior lighting. Hella specializes in providing AVAS for Plug-in EVs (PEVs), Hybrid EVs (HEVs), and Fuel Cell EVs (FCEVs). Its AVAS, weighing only 350 grams, is designed to operate within a wide temperature range of -40°C (-40°F) to 85? C (185°F). Sound generation is facilitated by a 2-inch speaker with an integrated amplifier, capable of producing sound pressure levels of up to 86 dB.
Kendrion N. V. (Kendrion) develops, manufactures, and markets electromagnetic and mechatronic systems and components for industrial and automotive applications. Its product portfolio consists of segments such as fuel valves, ECU (electronic control units), brakes, sensors, and sound systems, among others. Kendrion's PHANTONE platform provides comprehensive resources for design teams aiming to develop sophisticated EV sound solutions encompassing internal and external applications. This includes a fully integrated AVAS, exterior car speakers, a sound control unit, specialized software for sound design, and dedicated engineering assistance.
Related Reports:
AVAS Market by Propulsion Type, Vehicle Type (Passenger Cars, Commercial Vehicles), Electric 2-Wheeler (E-scooter/Moped, E-motorcycle), Sales Channel, Mounting Position (Integrated, Separated) and Region - Global Forecast to 2030
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