The North America Acoustic Vehicle Alert System Market would witness market growth of 11.9% CAGR during the forecast period (2023-2030).
The automotive landscape is transforming toward enhanced safety and sustainable mobility solutions. Amidst this paradigm shift, AVAS emerges as a pivotal technology for vehicular safety and as a testament to the industry's commitment to innovation. The adoption of AVAS represents a pivotal response to the evolving automotive landscape, marked by the rise of electric vehicles (EVs) and the imperative to address pedestrian safety concerns. Initially introduced as a regulatory requirement in response to the near-silent operation of electric and hybrid vehicles, AVAS has rapidly gained traction beyond compliance-driven mandates.
Moreover, beyond safety imperatives, AVAS is influencing automotive design aesthetics. As a deliberate sound is introduced into the driving experience, manufacturers are given opportunities to shape brand identities through distinctive and recognizable vehicle sounds. AVAS, therefore, becomes a tool for automotive designers to craft a unique auditory signature that complements the vehicle's overall identity and contributes to the evolving language of automotive design.
The number of new ZEVs registered continued to increase, up 43.2% yearly. Continuing the trend over the last four years, battery electric vehicles (BEVs) made up the largest share of new ZEV registrations, representing 85.6% of new ZEVs registered in the third quarter. Plug-in hybrid electric vehicles (PHEVs) comprised 14.4% of new ZEV registrations. Year over year, BEVs (+85.4%) experienced the largest percentage increase among all fuel types. Hence, growing automotive sector and electric vehicle sales in North America will assist in the growth of the regional market.
The US market dominated the North America 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 $271.7 Million by 2030. The Canada market is experiencing a CAGR of 14.4% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 13.4% during (2023 - 2030).
Free Valuable Insights: The Acoustic Vehicle Alert System Market is Predict to reach $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 U.S., Mexico, Canada, and Rest of North America.
By Propulsion Type
By Vehicle Type
By Country
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