Acoustic Vehicle Alerting System Market

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MarketsandMarkets Presents

Acoustic Vehicle Alerting System Market worth
5,619 million by 2027
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The report "Acoustic Vehicle Alerting System
Market by Propulsion Type, Vehicle Type, Electric
Two-Wheeler (E-Scooter/Moped, E-Motorcycle),
Sales Channel, Mounting Position and Region -
Global Forecast to 2027", The acoustic vehicle
alerting system market is projected to reach USD
5,619 million by 2027 from an estimated USD 425
million in 2019 considering the installation of
AVAS in passenger car and commercial vehicle, at
a CAGR of 38.1 during the forecast period. The
growth of acoustic vehicle alerting system market
is influenced by factors such as government
mandates, increasing sales of electric vehicles,
and rising emphasis on commuter safety these
factors are expected to drive the growth of the
market. Therefore, the acoustic vehicle alerting
system market is expected to witness a
significant increase in the future. Get the PDF
Brochure For This Report https//www.marketsandm
arkets.com/pdfdownloadNew.asp?id20863691
Browse 50 market data Tables and 30 Figures
spread through 150 Pages and in-depth TOC on
"Acoustic Vehicle Alerting System Market
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oustic-vehicle-alerting-system.asp
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Asia Pacific region is expected to lead the
market during the forecast period. Asia Pacific
is expected to be the largest market attributed
to the rising demand for the electric vehicle
along with several initiatives by private
organizations as well as governments of the
countries. For instance, in January 2018, Chinese
EV manufacturer BYD, announced plans to
manufacture pure electric and plug-in hybrid
vehicles fitted with low-speed sound warning
system aiming to alert pedestrians. E-Motorcycle
market is expected to grow at the highest
CAGR. The E-motorcycle segment is expected to be
the fastest-growing market. The US and Europe
have now regulated the installation of AVAS in
every new electric vehicle, both four-wheelers,
and two-wheelers. This would encourage the AVAS
providers across the world and vehicle
manufacturers, to introduce innovative and
advanced AVAS. Request Sample of the
report https//www.marketsandmarkets.com/requests
ampleNew.asp?id20863691
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North America The US is expected to lead the
North American market The North American region
is estimated to be the fastest-growing market.
North America comprises developed economies such
as the US and Canada. North America is home to
several leading players such as Tesla, Ford, and
Zero Motorcycle. The US government has mandated
the installation of acoustic vehicle alerting
system in all hybrids and EVs in production from
September 2020, formulated by the National
Highway Traffic Safety Administration
(NHTSA). The global acoustic vehicle alerting
system market is dominated by major players such
as Delphi (Ireland), Daimler (Germany),
Mando-Hella Electronics (South Korea), and Harman
(US), among others. These companies have strong
distribution networks at a global level. In
addition, these companies offer an extensive
product range in this market. These companies
adopt strategies such as new product
developments, collaborations, and contracts
agreements to sustain their market
position. Speak to Analyst _at_ https//www.marketsa
ndmarkets.com/speaktoanalystNew.asp?id20863691
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