AUTOMOTIVE & TRANSPORTATION
Global AVAS Market - Industry Trends and Forecast to 2032
REPORT OVERVIEW
Global AVAS Market, By Vehicle (Passenger cars, Commercial vehicles, Two wheelers), Type (Custom Made, Universal), Propulsion (Battery Electric Vehicle (BEVs), Plug-in Hybrid Electric Vehicles (PHEVs), Fuel Cell Electric Vehicles (FCEVs)), Technology (Speaker-based systems, Exterior sound generation devices, In-cabin sound generation systems), Mounting Position (Integrated and Separated), Sales Channel (OEMs and Aftermarket), Region (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2032.
Market Insights
The global AVAS market size is valued to be USD xx million in 2023 and is expected to reach USD xx million by 2032, and it is expected to register a CAGR of xx% over the forecast period 2024-2032.
The Acoustic Vehicle Alerting System, often known as AVAS, is a system that makes electric and hybrid cars safer by sounding an alert to other drivers and pedestrians as they are approaching. This device prevents accidents by making up for the quiet operation of electric motors, particularly when they are operating at low speeds. The AVAS market entails the creation, manufacture, and deployment of these alerting systems, which include both hardware and software. Innovating, sensible solutions that abide by regulations are the main priorities of market leaders. The market also includes partnerships with automakers, ongoing research and development to enhance system efficacy, and developments in integration techniques to guarantee smooth functioning across a range of vehicle types.
The respective global report analyses market trends, consumer behaviour and industry dynamics to guide towards entry into new markets with ease. Also, it assists in tailoring market specific and related products and services to meet the needs, preferences, and expectations of target audience by delving into their psychology. The report also specializes with comprehensive and extensive competitive analysis which offers useful insights into competitor strengths, weaknesses, opportunities, and threats. The respective report offers exclusive insights into the potential impact of disruptive developments and technologies that are expected to completely transform corporate operations. The context includes tailor-made research solutions to create a stronger footprint in their particular industries thereby offering dedicated customized solutions according to the client needs which helps in addressing unique business challenges with more simplified and efficient decision-making solutions.
Market Dynamics
DRIVERS
- Government mandates for AVAS installation in electric and hybrid vehicles.
- Rising awareness of pedestrian safety.
RESTRAINTS
- High initial costs of AVAS implementation.
- Limited awareness in developing regions
OPPORTUNITIES
- Growing demand for autonomous vehicles.
- Expansion into emerging markets.
CHALLENGES
- Balancing sound levels to avoid noise pollution while ensuring safety.
- Standardization of AVAS across different regions.
SEGMENTATION
- Vehicle
- Passenger cars
- Commercial vehicles
- Two wheelers
- Type
- Custom Made
- Universal
- Propulsion
- Battery Electric Vehicle (BEVs)
- Plug-in Hybrid Electric Vehicles (PHEVs)
- Fuel Cell Electric Vehicles (FCEVs)
- Technology
- Speaker-based systems
- Exterior sound generation devices
- In-cabin sound generation systems
- Mounting Position
- Integrated
- Separated
- Sales Channel
- OEMs
- Aftermarket
The respective global report is completely customizable specific to regions (North America, Europe, Asia-Pacific, South America, Middle East and Africa), countries, segments, and key players as per the client requirements.
REGIONAL SEGMENTATION
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- The Netherlands
- Belgium
- Turkey
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Singapore
- Malaysia
- Australia
- Thailand
- Philippines
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Chile
- Colombia
- Rest of South America
- Middle East and Africa
- Kingdom of Saudi Arabia
- South Africa
- U.A.E.
- Egypt
- Rest of Middle East and Africa
KEY MARKET PLAYERS
- Analog Devices, Inc.
- Brigade Electronics
- Continental AG
- Denso Corporation
- Harman International
- Hitachi, Ltd.
- Hyundai Mobis Co., Ltd.
- Lear Corporation
- Microchip Technology
- Texas Instruments
Table OF CONTENTS
- SECTION 1 - INTRODUCTION
- 1.1 Taxonomy
- 1.2 Market Overview
- 1.3 Currency and Limitations
- 1.3.1 Currency
- 1.3.2 Limitations
- 1.4 Key Competitors
- SECTION 2 - RESEARCH METHODOLOGY
- 2.1 Research Approach
- 2.2 Data Collection and Validation
- 2.2.1 Secondary Research
- 2.2.2 Primary Research
- 2.3 Market Assessment
- 2.3.1 Market Size Estimation
- 2.3.2 Bottom-up Approach
- 2.3.3 Top-down Approach
- 2.3.4 Growth Forecast
- 2.4 Market Study Assumptions
- 2.5 Data Sources
- SECTION 3 - EXECUTIVE SUMMARY
- 3.1 Global AVAS Market, by Vehicle
- 3.2 Global AVAS Market, by Type
- 3.3 Global AVAS Market, by Propulsion
- 3.4 Global AVAS Market, by Technology
- 3.5 Global AVAS Market, by Mounting Position
- 3.6 Global AVAS Market, by Sales Channel
- 3.7 Global AVAS Market, by Geography
- 3.8 Market Position Grid
- SECTION 4 - PREMIUM INSIGHTS
- 4.1 Regulatory Framework
- 4.1.1 Standards
- 4.1.2 Regulatory Landscape
- 4.2 Value Chain Analysis
- 4.3 Supply Chain Analysis
- 4.4 COVID-19 Impact
- 4.5 Russia-Ukraine War Impact
- 4.6 PORTER's Five Force Analysis
- 4.7 PESTLE Analysis
- 4.8 SWOT Analysis
- 4.9 Go to Market Strategy
- 4.10 Opportunity Orbit
- 4.11 Multivariate Modelling
- 4.12 Pricing Analysis
- SECTION 5 - MARKET DYNAMICS
- 5.1 Trends
- 5.1.1 Technological advancements in acoustic vehicle alerting systems.
- 5.1.2 Integration with advanced driver-assistance systems (ADAS).
- 5.1.3 Trend 3
- 5.2 Drivers
- 5.2.1 Government mandates for AVAS installation in electric and hybrid vehicles.
- 5.2.2 Rising awareness of pedestrian safety.
- 5.2.3 Driver 3
- 5.2.4 Driver 4
- 5.3 Restraints
- 5.3.1 High initial costs of AVAS implementation.
- 5.3.2 Limited awareness in developing regions.
- 5.3.3 Restraint 3
- 5.4 Opportunities
- 5.4.1 Growing demand for autonomous vehicles.
- 5.4.2 Expansion into emerging markets.
- 5.4.3 Opportunity 3
- 5.4.4 Opportunity 4
- 5.5 Challenges
- 5.5.1 Balancing sound levels to avoid noise pollution while ensuring safety.
- 5.5.2 Standardization of AVAS across different regions.
- 5.5.3 Challenge 3
- SECTION 6 - GLOBAL AVAS MARKET, BY VEHICLE
- 6.1 Vehicle Summary
- 6.2 Market Attractive Index
- 6.3 Global AVAS Market, by Vehicle (2019-2032)
- SECTION 7 - GLOBAL AVAS MARKET, BY TYPE
- 7.1 Type Summary
- 7.2 Market Attractive Index
- 7.3 Global AVAS Market, by Type (2019-2032)
- SECTION 8 - GLOBAL AVAS MARKET, BY PROPULSION
- 8.1 Propulsion Summary
- 8.2 Market Attractive Index
- 8.3 Global AVAS Market, by Propulsion (2019-2032)
- SECTION 9 - GLOBAL AVAS MARKET, BY TECHNOLOGY
- 9.1 Technology Summary
- 9.2 Market Attractive Index
- 9.3 Global AVAS Market, by Technology (2019-2032)
- SECTION 10 - GLOBAL AVAS MARKET, BY MOUNTING POSITION
- 10.1 Mounting Position Summary
- 10.2 Market Attractive Index
- 10.3 Global AVAS Market, by Mounting Position (2019-2032)
- SECTION 11 - GLOBAL AVAS MARKET, BY SALES CHANNEL
- 11.1 Sales Channel Summary
- 11.2 Market Attractive Index
- 11.3 Global AVAS Market, by Sales Channel (2019-2032)
- SECTION 12 - GLOBAL AVAS MARKET, BY GEOGRAPHY
- 12.1 Regional Summary
- 12.2 Market Attractive Index
- 12.3 Global AVAS Market, by Geography (2019-2032)
- SECTION 13 - NORTH AMERICA AVAS MARKET
- 13.1 North America Summary
- 13.2 Market Attractive Index
- 13.3 North America AVAS Market, by Vehicle (2019-2032)
- 13.4 North America AVAS Market, by Type (2019-2032)
- 13.5 North America AVAS Market, by Propulsion (2019-2032)
- 13.6 North America AVAS Market, by Technology (2019-2032)
- 13.7 North America AVAS Market, by Mounting Position (2019-2032)
- 13.8 North America AVAS Market, by Sales Channel (2019-2032)
- 13.9 North America AVAS Market, by Country (2019-2032)
- 13.9.1 U.S.
- 13.9.2 Canada
- 13.9.3 Mexico
- 13.9.4 Rest of North America
- SECTION 14 - EUROPE AVAS MARKET
- 14.1 Europe Summary
- 14.2 Market Attractive Index
- 14.3 Europe AVAS Market, by Vehicle (2019-2032)
- 14.4 Europe AVAS Market, by Type (2019-2032)
- 14.5 Europe AVAS Market, by Propulsion (2019-2032)
- 14.6 Europe AVAS Market, by Technology (2019-2032)
- 14.7 Europe AVAS Market, by Mounting Position (2019-2032)
- 14.8 Europe AVAS Market, by Sales Channel (2019-2032)
- 14.9 Europe AVAS Market, by Country (2019-2032)
- 14.9.1 Germany
- 14.9.2 U.K.
- 14.9.3 France
- 14.9.4 Italy
- 14.9.5 Spain
- 14.9.6 Russia
- 14.9.7 The Netherlands
- 14.9.8 Belgium
- 14.9.9 Turkey
- 14.9.10 Rest of Europe
- SECTION 15 - ASIA-PACIFIC AVAS MARKET
- 15.1 Asia-Pacific Summary
- 15.2 Market Attractive Index
- 15.3 Asia-Pacific AVAS Market, by Vehicle (2019-2032)
- 15.4 Asia-Pacific AVAS Market, by Type (2019-2032)
- 15.5 Asia-Pacific AVAS Market, by Propulsion (2019-2032)
- 15.6 Asia-Pacific AVAS Market, by Technology (2019-2032)
- 15.7 Asia-Pacific AVAS Market, by Mounting Position (2019-2032)
- 15.8 Asia-Pacific AVAS Market, by Sales Channel (2019-2032)
- 15.9 Asia-Pacific AVAS Market, by Country (2019-2032)
- 15.9.1 China
- 15.9.2 India
- 15.9.3 Japan
- 15.9.4 South Korea
- 15.9.5 Singapore
- 15.9.6 Malaysia
- 15.9.7 Australia
- 15.9.8 Thailand
- 15.9.9 Philippines
- 15.9.10 Rest of Asia-Pacific
- SECTION 16 - SOUTH AMERICA AVAS MARKET
- 16.1 South America Summary
- 16.2 Market Attractive Index
- 16.3 South America AVAS Market, by Vehicle (2019-2032)
- 16.4 South America AVAS Market, by Type (2019-2032)
- 16.5 South America AVAS Market, by Propulsion (2019-2032)
- 16.6 South America AVAS Market, by Technology (2019-2032)
- 16.7 South America AVAS Market, by Mounting Position (2019-2032)
- 16.8 South America AVAS Market, by Sales Channel (2019-2032)
- 16.9 South America AVAS Market, by Country (2019-2032)
- 16.9.1 Brazil
- 16.9.2 Argentina
- 16.9.3 Chile
- 16.9.4 Colombia
- 16.9.5 Rest of South America
- SECTION 17 - MIDDLE EAST AND AFRICA AVAS MARKET
- 17.1 Middle East and Africa Summary
- 17.2 Market Attractive Index
- 17.3 Middle East and Africa AVAS Market, by Vehicle (2019-2032)
- 17.4 Middle East and Africa AVAS Market, by Type (2019-2032)
- 17.5 Middle East and Africa AVAS Market, by Propulsion (2019-2032)
- 17.6 Middle East and Africa AVAS Market, by Technology (2019-2032)
- 17.7 Middle East and Africa AVAS Market, by Mounting Position (2019-2032)
- 17.8 Middle East and Africa AVAS Market, by Sales Channel (2019-2032)
- 17.9 Middle East and Africa AVAS Market, by Country (2019-2032)
- 17.9.1 Kingdom of Saudi Arabia
- 17.9.2 South Africa
- 17.9.3 U.A.E.
- 17.9.4 Egypt
- 17.9.5 Rest of Middle East and Africa
- SECTION 18 - COMPANY SHARE ANALYSIS
- 18.1 Global AVAS Market, Company Share Analysis
- 18.2 North America AVAS Market, Company Share Analysis
- 18.3 Europe AVAS Market, Company Share Analysis
- 18.4 Asia-Pacific AVAS Market, Company Share Analysis
- SECTION 19 - COMPANY PROFILES
- 19.1 Analog Devices, Inc.
- 19.1.1 Company Snapshot
- 19.1.2 Financial Overview
- 19.1.3 Product Portfolio
- 19.1.4 Recent Developments
- 19.2 Brigade Electronics
- 19.2.1 Company Snapshot
- 19.2.2 Financial Overview
- 19.2.3 Product Portfolio
- 19.2.4 Recent Developments
- 19.3 Continental AG
- 19.3.1 Company Snapshot
- 19.3.2 Financial Overview
- 19.3.3 Product Portfolio
- 19.3.4 Recent Developments
- 19.4 Denso Corporation
- 19.4.1 Company Snapshot
- 19.4.2 Financial Overview
- 19.4.3 Product Portfolio
- 19.4.4 Recent Developments
- 19.5 Harman International
- 19.5.1 Company Snapshot
- 19.5.2 Financial Overview
- 19.5.3 Product Portfolio
- 19.5.4 Recent Developments
- 19.6 Hitachi, Ltd.
- 19.6.1 Company Snapshot
- 19.6.2 Financial Overview
- 19.6.3 Product Portfolio
- 19.6.4 Recent Developments
- 19.7 Hyundai Mobis Co., Ltd.
- 19.7.1 Company Snapshot
- 19.7.2 Financial Overview
- 19.7.3 Product Portfolio
- 19.7.4 Recent Developments
- 19.8 Lear Corporation
- 19.8.1 Company Snapshot
- 19.8.2 Financial Overview
- 19.8.3 Product Portfolio
- 19.8.4 Recent Developments
- 19.9 Microchip Technology
- 19.9.1 Company Snapshot
- 19.9.2 Financial Overview
- 19.9.3 Product Portfolio
- 19.9.4 Recent Developments
- 19.10 Texas Instruments
- 19.10.1 Company Snapshot
- 19.10.2 Financial Overview
- 19.10.3 Product Portfolio
- 19.10.4 Recent Developments
- SECTION 20 - RELATED REPORTS
- SECTION 21 - DISCLAIMER
RESEARCH METHODOLOGY
The research methodology employed in Uniprism Market Research involves four basic steps namely research and data collection, data pre-processing, modeling and forecasting, quality assurance and output.
RESEARCH AND DATA COLLECTION
A tripod model research technique is followed for research and data collection in which various approaches such as primary research, secondary research, and product mapping are considered.
Primary research basically involves the process of conducting personalized interviews with market related professionals of major market players, investors, distributors, vendors and many more.
The secondary research include data published by government, annual reports, press releases, investor presentations of companies, white papers, certified publications, annual manufacturing limit of the respective industries related to the market, production consumption analysis of certain products respective to the market and many more.
Below mention are few of the sources which we have considered while estimating the market size:
For instance,
- Research articles published on Technium
- Science and MDPI
- Research publications by government approved associations and societies
Product mapping means the process of mapping the list of products that a key player contributes to the market as well as estimating the revenue of those products in order to define the Global Company share analysis of the respective Global Company in global, regional, and country level markets.
DATA PRE-PROCESSING
The term "data pre-processing" refers to the collection of procedures and methods used to clean, modify, and make ready for analysis the raw data gathered during research and data collection. The completion of this phase is necessary to guarantee that the data are reliable, consistent, and appropriate for statistical analysis and other data-driven tasks. The data pre-processing ensures that the information gathered from research and data collection is comparable and expressed in standard units, by the integration of missing data pointers and algorithmic approaches.
MODELING AND FORECASTING
The process of developing mathematical, statistical, or computational representations of real-world occurrences or relationships is known as modelling. These models are intended to replicate and explain market interactions, interdependence, and dynamics. These models are used by Uniprism Market Research to acquire a better knowledge of numerous market characteristics such as customer preferences, pricing elasticity, competition dynamics, and more. Depending on the individual study aims, many types of models are utilized, such as regression models, econometric models, decision tree models, and machine learning models.
Forecasting is the process of predicting future market conditions, trends, and occurrences using past data and models. Forecasting is used by Uniprism Market Research to estimate future sales, demand for products or services, market growth, and other important performance metrics. Forecasting accurately can assist organizations in making educated decisions about resource allocation, pricing, inventory management, and marketing tactics.
We create standardized bottom-up or top-down models that scale by leveraging data science and machine learning technology. All our market models consider the unique market characteristics of each country. Forecasting is based on major market indicators and a combination of traditional methodologies, such as exponential smoothing, time series analysis, regression analysis, and more modern techniques such as machine learning algorithms are all forecasting methodologies. The method chosen is determined on the nature of the data and the specific forecasting aims.
QUALITY ASSURANCE AND OUTPUT
Quality assurance and output involves the process of validation, adjustments, further publications of key market indicators. Extensive plausibility and consistency tests are performed on derived time series to ensure the high degree of quality of our market analysis. This quality assurance procedure also includes rigorous inspection, validation, and editing by an experienced management team to assure the dependability of the published data.