Acoustic Electric Vehicle Alerting Systems (AEVAS) Market - A Global and Regional Analysis: Focus on Vehicle Type, Propulsion Type, Sales Channel, Mounting Position, Component, Technology Type, and Region - Analysis and Forecast, 2024-2034

Publish Date: Aug 2024

Report Code: BIS1084A

Publisher: BIS Research

Single User License: $4950

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Report Highlights

The Global Acoustic Electric Vehicle Alerting Systems (AEVAS) Market Expected to Reach $2.34 Billion by 2034

Introduction to Acoustic Electric Vehicle Alerting Systems (AEVAS) Market

The acoustic electric vehicle alerting system (AEVAS) market is witnessing significant growth, primarily fueled by the rising adoption of electric and hybrid vehicles. These vehicles tend to operate quietly at low speeds, presenting a potential hazard to pedestrians, especially those with visual impairments. To address this safety concern, regulations in various regions now require electric and hybrid vehicles to be equipped with AEVAS. This system not only produces an artificial noise to alert pedestrians but also enhances safety. Furthermore, AEVAS improves the driving experience by modulating external noise levels and refining the interior auditory environment of the vehicle. In an optimistic scenario, the market would be evaluated at a valuation of $1.22 billion in 2024 and projected to expand at a CAGR of 6.73% to reach $2.34 billion by 2034.

The market's expansion is propelled by stringent government regulations and the growing awareness of pedestrian safety. Key automotive manufacturers are integrating AEVAS to comply with safety standards and improve the overall safety profile of their vehicles. Additionally, technological advancements in sound engineering and the development of customizable AEVAS solutions are contributing to market growth.

Major players in the AEVAS market include HARMAN International, Brigade Electronics, Denso Corporation, and Delphi Technologies, among others. These companies are focusing on innovation and strategic partnerships to enhance their product offerings and expand their market presence. As the demand for electric and hybrid vehicles continues to rise, the AEVAS market is poised for significant growth, playing a crucial role in ensuring pedestrian safety in the era of silent vehicles.

Market Segmentation:

Segmentation 1: by Vehicle Type

  • Two-Wheelers
    • E-Scooters/Mopeds
    • E-Motorcycles
  • Passenger Vehicles
  • Commercial Vehicles
    • Light Commercial Vehicles
    • 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 Mounting Position

  • Integrated
  • Separated

Segmentation 5: by Component

  • Speaker
  • Control Unit
  • Sensor

Segmentation 6: by Technology Type

  • Synthesized Sound System
  • Actual Sound System

Segmentation 7: by Region

  • North America
  • Europe
  • Asia-Pacific
  • Rest-of-the-World

Report Synopsis

Report Metrics Details
Base year considered 2024
Forecast period considered 2024-2034
Base year market size $1.22 Billion in 2024
Market size forecast $2.34 Billion by 2034
Growth rate 6.73%
Units considered $ Billion
Segments covered By Vehicle Type, By Sales Channel, By Propulsion Type, By Component, By Mounting Position, By Technology Type, By Region
Industry covered Automotive / Mobility
Regions covered North America, Europe, Asia-Pacific, South America, Middle East and Africa
Countries covered U.S., Canada, Mexico, France, Germany, U.K., Italy, Rest-of Europe, China, Japan, India, South Korea, Rest-of-Asia-Pacific, Rest-of-the-World
Companies studied
  • HELLA GmbH & Co. KGaA
  • Brigade Electronics Group Plc
  • Mercedes-Benz AG
  • Continental Engineering Services
  • Harman International
  • Robert Bosch GmbH
  • Kendrion N.V.
  • DENSO ELECTRONICS CORPORATION
  • Evess || SoundRacer - Electric Vehicle Sound technology
  • Aptiv
  • Lear
  • Hyundai Motor Company
  • Daimler Truck AG
  • Texas Instruments Incorporated
  • Valeo

How can this Report add value to an Organization?

Product/Innovation Strategy: This report provides a comprehensive product/innovation strategy for the acoustic electric vehicle alerting systems (AEVAS) market, identifying opportunities for market entry, technology adoption, and sustainable growth. It offers actionable insights, helping organizations gain a competitive edge, and capitalize on the increasing demand.

Growth/Marketing Strategy: This report offers a comprehensive growth and marketing strategy designed specifically for the acoustic electric vehicle alerting systems (AEVAS) market. It presents a targeted approach to identifying specialized market segments, establishing a competitive advantage, and implementing creative marketing initiatives aimed at optimizing market share and financial performance. By harnessing these strategic recommendations, organizations can elevate their market presence, seize emerging prospects, and efficiently propel revenue expansion.

Competitive Strategy: This report crafts a strong competitive strategy tailored to the acoustic electric vehicle alerting systems (AEVAS) market. It evaluates market rivals, suggests methods to stand out, and offers guidance for maintaining a competitive edge. By adhering to these strategic directives, companies can position themselves effectively in the face of market competition, ensuring sustained prosperity and profitability.

Key Market Players and Competition Synopsis

The companies that are profiled have been selected based on thorough secondary research, which includes analyzing company coverage, product portfolio, market penetration, and insights gathered from primary experts.

Some of the prominent companies in this market are:

  • HELLA GmbH & Co. KGaA
  • Harman International
  • Mercedes-Benz AG
  • Brigade Electronics Group Plc
  • Kendrion N.V.
  • DENSO ELECTRONICS CORPORATION

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Acoustic Electric Vehicle Alerting Systems (AEVAS) Market - A Global and Regional Analysis: Focus on Vehicle Type, Propulsion...