The report titled “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” has been added to ResearchAndMarkets.com.
The AEVAS market is experiencing robust growth, driven by the increasing adoption of electric and hybrid vehicles, which operate quietly at low speeds and pose safety risks to pedestrians, especially those with visual impairments. To address this, regulations across various regions mandate the installation of AEVAS in these vehicles. These systems generate artificial sounds to alert pedestrians, enhancing safety and improving the driving experience by managing external noise levels.
In an optimistic scenario, the market is expected to reach $1.22 billion in 2024 and grow at a CAGR of 6.73%, reaching $2.34 billion by 2034. The expansion is supported by stringent safety regulations and heightened awareness of pedestrian safety. Automotive manufacturers are integrating AEVAS to meet safety standards and improve vehicle safety profiles. Technological advancements in sound engineering and customizable AEVAS solutions are also contributing to market growth.
Major players in the AEVAS market include HARMAN International, Brigade Electronics, Denso Corporation, and Delphi Technologies. 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 increases, the AEVAS market is poised for significant growth, playing a crucial role in ensuring pedestrian safety in the age of silent vehicles.
Report Scope:
- Product/Innovation Strategy: Identifies market entry opportunities, technology adoption, and sustainable growth, providing actionable insights for competitive advantage.
- Growth/Marketing Strategy: Offers a targeted approach to market segments, establishing competitive advantages, and implementing creative marketing initiatives to optimize market share and financial performance.
- Competitive Strategy: Evaluates market rivals, suggests differentiation methods, and offers guidance for maintaining a competitive edge.
Key Companies:
- HELLA
- Harman International
- Mercedes-Benz
- Brigade Electronics Group
- Kendrion
- Denso Electronics
Key Report Attributes:
- Pages: 115
- Forecast Period: 2024 – 2034
- Estimated Market Value (2024): $1.22 Billion
- Forecasted Market Value (2034): $2.34 Billion
- CAGR: 6.7%
- Regions Covered: Global
Key Topics Covered:
- Industry Outlook
- Trends: Current and Future Impact
- Supply Chain Overview
- R&D Review
- Regulatory Landscape
- Stakeholder Analysis
- Impact Analysis for Key Global Events
- Market Dynamics Overview
- Market Segmentation by Application
- Vehicle Types: Two-Wheelers, Passenger Vehicles, Commercial Vehicles
- Propulsion Types: BEV, PHEV, HEV
- Sales Channels: OEM, Aftermarket
- Mounting Positions: Integrated, Separated
- Components: Speaker, Control Unit, Sensor
- Technology Types: Synthesized Sound System, Actual Sound System
- Regional Analysis
- North America
- Europe
- Asia-Pacific
- Rest-of-the-World
- Company Profiles
- HELLA
- Brigade Electronics Group
- Mercedes-Benz
- Continental Engineering Services
- Harman International
- Robert Bosch
- Kendrion
- Denso Electronics
- Evess || SoundRacer
- Aptiv
- Lear
- Hyundai Motor Company
- Daimler Truck
- Texas Instruments
- Valeo
