The Latin America, Middle East and Africa Acoustic Vehicle Alert System Market would witness market growth of 14.0% CAGR during the forecast period (2023-2030).
AI algorithms within AVAS continuously analyze myriad real-time conditions, each contributing to determining the appropriate acoustic signal. These conditions include the vehicle's speed, the ambient noise levels in the surrounding environment, the proximity of pedestrians, and the specific driving scenario. By synthesizing data from various sensors and inputs, AI enables AVAS to make instantaneous decisions on the most suitable auditory cues for the given context.
Furthermore, innovative sound projection technologies leveraging Augmented Reality (AR) are being explored to enhance AVAS capabilities. AR sound projection can create spatially accurate auditory cues, enabling vehicles to project alerts toward specific directions precisely. This innovation goes beyond traditional speaker-based systems, offering a more nuanced and directed approach to alerting pedestrians and other road users.
In 2020, Saudi Arabia constituted 35% of the vehicles sold in the MENA region and nearly 52% of the vehicles sold in the Gulf Cooperation Council (GCC). In 2019, 556 thousand vehicles were sold in Saudi Arabia; in 2020, 436 thousand vehicles were sold. The projected sales figure by 2025 is 543,000 units, of which electric vehicles (EVs) comprise 32,000. Hence, the rising self-driving vehicle adoption and growing automotive sector in LAMEA will assist in the expansion of the regional market.
The Brazil market dominated the LAMEA Acoustic Vehicle Alert System Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $29.1 Million by 2030. The Argentina market is showcasing a CAGR of 15.3% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 13.3% during (2023 - 2030).
Free Valuable Insights: The Worldwide Acoustic Vehicle Alert System Market is Projected to reach USD 1.5 Billion by 2030, at a CAGR of 12.1%
Based on Propulsion Type, the market is segmented into Battery Electric Vehicle (BEV), and Plug -In Hybrid Electric Vehicle (PHEV). Based on Vehicle Type, the market is segmented into Passenger Vehicle, Two-Wheelers, and Commercial Vehicle. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Propulsion Type
By Vehicle Type
By Country
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