According to a new market report published by Lucintel, the future of the global acoustic vehicle alerting system market looks promising with opportunities in the passenger car and commercial vehicle segments. The global acoustic vehicle alerting system market is expected to grow with a CAGR of 39% from 2021 to 2026. The major drivers for this market are growth of e-commerce, logistics, and shared mobility and increasing safety norms.
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In this market, passenger cars and commercial vehicles are the major vehicle segments where acoustic vehicle alerting systems are used. On the basis of comprehensive research, Lucintel forecasts that commercial vehicles will remain the largest vehicle segment, and it is also expected to witness the highest growth over the forecast period because of increasing trend of replacing fossil fuel-based public transport fleet with electric commercial buses.
Within the global acoustic vehicle alerting system market, the battery electric vehicle segment is expected to witness the highest growth over the forecast period due to higher sales of BEV over PHEV and FCEV.
APAC is expected to remain the largest market and witness the highest growth over the forecast period due to increasing urbanization, infrastructure development, and continuous growth of the residential construction and industrial sectors in this region.
Emerging trends, which have a direct impact on the dynamics of the industry, include the introduction intelligent pedestrian warning system that generates a sound that mimics the vehicle’s speed and NVH (Noise, Vibration and Harshness) behavior of vehicles. Delphi, Daimler, Mando-Hella Electronics, and Harman are among the major suppliers of the acoustic vehicle alerting system market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global acoustic vehicle alerting system market by vehicle, mounting position, end use, and region, and has compiled a comprehensive research report titled “Growth Opportunities in the Global Acoustic Vehicle Alerting System Market 2021-2026: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global acoustic vehicle alerting system market by vehicle, mounting position, end use, and region, as follows:
By Vehicle [Value ($ Million) and Volume (Thousand Units) from 2015 to 2026]:
Passenger Cars
Commercial Vehicles
By Propulsion Type [Value ($ Million) and Volume (Thousand Units) from 2015 to 2026]:
Battery-Electric Vehicle (BEV)
Plug-in Hybrid Electric Vehicle (PHEV)
Fuel-Cell Electric Vehicle (FCVE)
By Mounting Position [Value ($ Million) and Volume (Thousand Units) from 2015 to 2026]:
By End Use [Value ($ Million) and Volume (Thousand Units) from 2015 to 2026]:
By Region [Value ($ Million) and Volume (Thousand Units) from 2015 to 2026]:
North America
United States
Canada
Mexico
Europe
APAC
ROW
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com.
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