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.
List of Key Companies Profiled
- Continental AG
- STMicroelectronics N.V.
- HELLA GmbH & Co. KGaA
- Mercedes-Benz Group AG
- Brigade Electronics Group PLC
- Harman International Industries, Inc. (Samsung Electronics Co., Ltd.)
- Honda Motor Co. Ltd.
- Kendrion N.V.
- Soundracer AB
- Maruti Suzuki India Limited
North America Acoustic Vehicle Alert System Market Report Segmentation
By Propulsion Type
- Battery Electric Vehicle (BEV)
- Plug -In Hybrid Electric Vehicle (PHEV)
By Vehicle Type
- Passenger Vehicle
- Two-Wheelers
- Commercial Vehicle
By Country
- US
- Canada
- Mexico
- Rest of North America
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Acoustic Vehicle Alert System Market, by Propulsion Type
1.4.2 North America Acoustic Vehicle Alert System Market, by Vehicle Type
1.4.3 North America Acoustic Vehicle Alert System Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter’s Five Forces Analysis
Chapter 4. North America Acoustic Vehicle Alert System Market by Propulsion Type
4.1 North America Battery Electric Vehicle (BEV) Market by Country
4.2 North America Plug -In Hybrid Electric Vehicle (PHEV) Market by Country
Chapter 5. North America Acoustic Vehicle Alert System Market by Vehicle Type
5.1 North America Passenger Vehicle Market by Country
5.2 North America Two-Wheelers Market by Country
5.3 North America Commercial Vehicle Market by Country
Chapter 6. North America Acoustic Vehicle Alert System Market by Country
6.1 US Acoustic Vehicle Alert System Market
6.1.1 US Acoustic Vehicle Alert System Market by Propulsion Type
6.1.2 US Acoustic Vehicle Alert System Market by Vehicle Type
6.2 Canada Acoustic Vehicle Alert System Market
6.2.1 Canada Acoustic Vehicle Alert System Market by Propulsion Type
6.2.2 Canada Acoustic Vehicle Alert System Market by Vehicle Type
6.3 Mexico Acoustic Vehicle Alert System Market
6.3.1 Mexico Acoustic Vehicle Alert System Market by Propulsion Type
6.3.2 Mexico Acoustic Vehicle Alert System Market by Vehicle Type
6.4 Rest of North America Acoustic Vehicle Alert System Market
6.4.1 Rest of North America Acoustic Vehicle Alert System Market by Propulsion Type
6.4.2 Rest of North America Acoustic Vehicle Alert System Market by Vehicle Type
Chapter 7. Company Profiles
7.1 HELLA GmbH & Co. KGaA
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 SWOT Analysis
7.2 Mercedes-Benz Group AG
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expense
7.2.5 SWOT Analysis
7.3 HARMAN International Industries, Inc (Samsung Electronics Co., Ltd.)
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expenses
7.3.5 SWOT Analysis
7.4 Honda Motor Co. Ltd.
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expense
7.4.5 SWOT Analysis
7.5 Maruti Suzuki India Limited
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Research & Development Expense
7.5.4 Recent strategies and developments:
7.5.4.1 Product Launches and Product Expansions:
7.5.5 SWOT Analysis
7.6 Continental AG
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expense
7.6.5 SWOT Analysis
7.7 STMicroelectronics N.V.
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 Research & Development Expense
7.7.5 SWOT Analysis
7.8 Brigade Electronics Group PLC
7.8.1 Company Overview
7.8.2 Recent strategies and developments:
7.8.2.1 Product Launches and Product Expansions:
7.8.3 SWOT Analysis
7.9 Kendrion N.V.
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Segmental and Regional Analysis
7.9.4 SWOT Analysis
7.10. SoundRacer AB
7.10.1 Company Overview
7.10.2 SWOT Analysis
TABLE 1 North America Acoustic Vehicle Alert System Market, 2019 - 2022, USD Million
TABLE 2 North America Acoustic Vehicle Alert System Market, 2023 - 2030, USD Million
TABLE 3 North America Acoustic Vehicle Alert System Market by Propulsion Type, 2019 - 2022, USD Million
TABLE 4 North America Acoustic Vehicle Alert System Market by Propulsion Type, 2023 - 2030, USD Million
TABLE 5 North America Battery Electric Vehicle (BEV) Market by Country, 2019 - 2022, USD Million
TABLE 6 North America Battery Electric Vehicle (BEV) Market by Country, 2023 - 2030, USD Million
TABLE 7 North America Plug -In Hybrid Electric Vehicle (PHEV) Market by Country, 2019 - 2022, USD Million
TABLE 8 North America Plug -In Hybrid Electric Vehicle (PHEV) Market by Country, 2023 - 2030, USD Million
TABLE 9 North America Acoustic Vehicle Alert System Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 10 North America Acoustic Vehicle Alert System Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 11 North America Passenger Vehicle Market by Country, 2019 - 2022, USD Million
TABLE 12 North America Passenger Vehicle Market by Country, 2023 - 2030, USD Million
TABLE 13 North America Two-Wheelers Market by Country, 2019 - 2022, USD Million
TABLE 14 North America Two-Wheelers Market by Country, 2023 - 2030, USD Million
TABLE 15 North America Commercial Vehicle Market by Country, 2019 - 2022, USD Million
TABLE 16 North America Commercial Vehicle Market by Country, 2023 - 2030, USD Million
TABLE 17 North America Acoustic Vehicle Alert System Market by Country, 2019 - 2022, USD Million
TABLE 18 North America Acoustic Vehicle Alert System Market by Country, 2023 - 2030, USD Million
TABLE 19 US Acoustic Vehicle Alert System Market, 2019 - 2022, USD Million
TABLE 20 US Acoustic Vehicle Alert System Market, 2023 - 2030, USD Million
TABLE 21 US Acoustic Vehicle Alert System Market by Propulsion Type, 2019 - 2022, USD Million
TABLE 22 US Acoustic Vehicle Alert System Market by Propulsion Type, 2023 - 2030, USD Million
TABLE 23 US Acoustic Vehicle Alert System Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 24 US Acoustic Vehicle Alert System Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 25 Canada Acoustic Vehicle Alert System Market, 2019 - 2022, USD Million
TABLE 26 Canada Acoustic Vehicle Alert System Market, 2023 - 2030, USD Million
TABLE 27 Canada Acoustic Vehicle Alert System Market by Propulsion Type, 2019 - 2022, USD Million
TABLE 28 Canada Acoustic Vehicle Alert System Market by Propulsion Type, 2023 - 2030, USD Million
TABLE 29 Canada Acoustic Vehicle Alert System Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 30 Canada Acoustic Vehicle Alert System Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 31 Mexico Acoustic Vehicle Alert System Market, 2019 - 2022, USD Million
TABLE 32 Mexico Acoustic Vehicle Alert System Market, 2023 - 2030, USD Million
TABLE 33 Mexico Acoustic Vehicle Alert System Market by Propulsion Type, 2019 - 2022, USD Million
TABLE 34 Mexico Acoustic Vehicle Alert System Market by Propulsion Type, 2023 - 2030, USD Million
TABLE 35 Mexico Acoustic Vehicle Alert System Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 36 Mexico Acoustic Vehicle Alert System Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 37 Rest of North America Acoustic Vehicle Alert System Market, 2019 - 2022, USD Million
TABLE 38 Rest of North America Acoustic Vehicle Alert System Market, 2023 - 2030, USD Million
TABLE 39 Rest of North America Acoustic Vehicle Alert System Market by Propulsion Type, 2019 - 2022, USD Million
TABLE 40 Rest of North America Acoustic Vehicle Alert System Market by Propulsion Type, 2023 - 2030, USD Million
TABLE 41 Rest of North America Acoustic Vehicle Alert System Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 42 Rest of North America Acoustic Vehicle Alert System Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 43 key information – HELLA GmbH & Co. KGaA
TABLE 44 key information – Mercedes-Benz Group AG
TABLE 45 Key Information – HARMAN International industries, Inc.
TABLE 46 key Information – Honda Motor Co. Ltd.
TABLE 47 Key Information – Maruti Suzuki India Limited
TABLE 48 Key Information – Continental AG
TABLE 49 Key Information – STMicroelectronics N.V.
TABLE 50 Key Information – brigade electronics group plc
TABLE 51 Key Information – Kendrion N.V.
TABLE 52 Key Information – soundracer AB
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Acoustic Vehicle Alert System Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Acoustic Vehicle Alert System Market
FIG 4 Porter’s Five Forces Analysis - Acoustic Vehicle Alert System Market
FIG 5 North America Acoustic Vehicle Alert System Market share by Propulsion Type, 2022
FIG 6 North America Acoustic Vehicle Alert System Market share by Propulsion Type, 2030
FIG 7 North America Acoustic Vehicle Alert System Market by Propulsion Type, 2019 - 2030, USD Million
FIG 8 North America Acoustic Vehicle Alert System Market share by Vehicle Type, 2022
FIG 9 North America Acoustic Vehicle Alert System Market share by Vehicle Type, 2030
FIG 10 North America Acoustic Vehicle Alert System Market by Vehicle Type, 2019 - 2030, USD Million
FIG 11 North America Acoustic Vehicle Alert System Market share by Country, 2022
FIG 12 North America Acoustic Vehicle Alert System Market share by Country, 2030
FIG 13 North America Acoustic Vehicle Alert System Market by Country, 2019 - 2030, USD Million
FIG 14 SWOT Analysis: HELLA GmbH & Co. KGaA
FIG 15 SWOT Analysis: Mercedes-Benz Group AG
FIG 16 SWOT Analysis: Harman International Industries, Inc.
FIG 17 SWOT Analysis: Honda Motor Co. Ltd.
FIG 18 SWOT Analysis: Maruti Suzuki India Limited
FIG 19 SWOT Analysis: Continental AG
FIG 20 SWOT Analysis: STMicroelectronics N.V.
FIG 21 SWOT Analysis: Brigade Electronics Group PLC
FIG 22 SWOT Analysis: Kendrion N.V
FIG 23 SWOT Analysis: SoundRacer AB