AVAS market is anticipated to grow at a CAGR of 14.6% during the forecast period (2024-2031). Significant factors contributing to the market growth include rising road accidents globally, and increasing demand for safety technologies such as collision avoidance systems, parking assistance, traction control, lane departure warnings, electronic stability control, airbags, tire pressure monitors, and telematics.
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The global AVAS market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America). Among these, Europe is anticipated to hold a prominent share of the market across the globe, owing to the growing involvement of OEMs, and R&D investment contributes to market expansion in Europe.
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- Market Coverage
- Market number available for – 2024-2030
- Base year- 2023
- Forecast period- 2024-2030
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Acoustic Vehicle Alerting System (AVAS) Market by Vehicle Type
- Two-Wheeler
- Passenger Car
- Light Commercial Vehicle (LCV)
- Heavy Commercial Vehicle (HCV)
Global Acoustic Vehicle Alerting System (AVAS) Market by Application
- Advanced Driver-Assistance System (ADAS)
- Infotainment
- Body Electronics
- Powertrain Electronics
Global Acoustic Vehicle Alerting System (AVAS) Market by End-User
- OEMs (Original Equipment Manufacturers)
- Aftermarket Solutions
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- American Honda Motor Co., Inc.
- BorgWarner Inc.
- Denso Electronics Corp.
- Fisker, Inc.
- Genasys Inc.
- HARMAN International
- Harman International Industries, Inc.
- Kendrion N.V.
- LUIS Technology GmbH
- Robert Bosch GmbH
- Siemens AG
- Soundracer AB
- STMicroelectronics International N.V.
- Tesla, Inc.
- Texas Instruments Inc.
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global acoustic vehicle alerting system market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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