USD 1.13 Billion
Acoustic Vehicle Alerting System Market Size, Share, and Growth Analysis
Acoustic Vehicle Alerting System Market By Electric 2-wheeler(E-Scooter/Moped, and E-Motorcycle), By Mounting Of Position (Separated, and Integrated), By Propulsion Type(Operational Data, Battery Electric Vehicle, Plug-In Hybrid Electric Vehicle, and Fuel Cell Electric Vehicle), By Electric Vehicle(Commercial Vehicle, and Passenger Car), By Sales Channel(OEM, and Aftermarket), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG45A2194 |
Region:
Global |
Published Date: October, 2024
Pages:
197
|Tables:
86
|Figures:
75
Format -
Acoustic Vehicle Alerting System Market Insights
Acoustic Vehicle Alerting System Market size was valued at USD 1.13 Billion in 2023 and is poised to grow from USD 1.2 Billion in 2024 to USD 1.97 Billion by 2032, growing at a CAGR of 6.4% during the forecast period (2025-2032).
Growing sales of vehicles and rising emphasis on pedestrian safety are slated to be key factors promoting the demand for acoustic vehicle alerting system over the coming years. The surge in demand for electric vehicles and need for acoustic alerts in the same are expected to help offer new opportunities for acoustic vehicle alerting system suppliers in the future. Imposition of stringent regulations mandating the use of acoustic vehicle alerting systems in vehicles by governments and regulatory bodies is also expected to bolster the global acoustic vehicle alerting system market growth over the coming years. Rapidly increasing urbanization and growing traffic congestion in multiple parts of the world are also expected to favor the adoption of acoustic vehicle alerting systems in the long run. High emphasis on increasing inclusivity and accessibility for all people is also a key factor expected to bolster the demand for acoustic vehicle alerting systems going forward. On the contrary, lack of standardization, challenges in retrofitting, high costs of advanced systems, and consumer resistance to artificial sounds are some key restraints that are estimated to impede the sales of acoustic vehicle alerting systems across the forecast period and beyond.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Passenger Vehicles
Fastest Growth
Commercial Vehicles
Growth Rate
6.4% CAGR
Global Acoustic Vehicle Alerting System Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Acoustic Vehicle Alerting System Market Segments Analysis
Global Acoustic Vehicle Alerting System Market is segmented on the electric 2-wheeler, mounting of position, propulsion type, vehicle type, sales channel, and region. By electric 2-wheeler, market is segmented into E-Scooter/Moped, and E-Motorcycle. By mounting of position, market is segmented into Separated, and Integrated. By propulsion type, market is segmented into Operational Data, Battery Electric Vehicle, Plug-In Hybrid Electric Vehicle, and Fuel Cell Electric Vehicle. By vehicle type, market is segmented into Commercial Vehicle, and Passenger Car. By sales channel, market is segmented into OEM, and Aftermarket. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Sales Channel
OEMs (Original Equipment Manufacturers) are slated to account for a dominant global acoustic vehicle alerting system market share in the future. Imposition of regulations that have made acoustic vehicle alerting systems a standard in almost all electric vehicles and other types of vehicles is helping this segment bring in the most revenue of all. Increasing efforts of regulatory bodies and governments to keep imposing such mandates around the world are expected to further aid the dominance of this segment in the long run. High consumer preference for vehicles with integrated safety features is also slated to offer new business opportunities for acoustic vehicle alerting system vendors focusing on this sales channel.
On the other hand, the demand for aftermarket acoustic vehicle alerting systems is slated to rise at a notable pace in the future. Growing demand for retrofitting old vehicles with advanced safety systems and high availability of aftermarket alternatives are slated to help create new opportunities via this segment. Moreover, rising demand for cost-effective safety alternatives and regulations making it necessary for old vehicles to be fitted with advanced safety systems are also slated to help boost acoustic vehicle alerting system sales via aftermarket channels over the coming years.
Analysis by Vehicle Type
Passenger vehicles are forecasted to account for a dominant share of the global acoustic vehicle alerting system industry. Growing disposable income of people around the world and rising adoption of electric passenger vehicles are helping this segment hold sway over others. Frequent launch of new passenger vehicles and increasing emphasis on improving safety of passenger vehicles by integrated advanced safety systems are also slated to bolster the demand for acoustic vehicle alerting systems going forward. Electric passenger vehicles are more likely to be fitted with acoustic vehicle alerting systems owing to their silent operations putting more pedestrians at risk of accidents.
Meanwhile, the demand for acoustic vehicle alerting systems in commercial vehicles is estimated to rise at a notable pace across the forecast period and beyond. Increasing efforts to enhance the safety of commercial vehicles and imposition of strict mandates for the same are promoting the integration of acoustic vehicle alerting systems in commercial vehicles. High investments in the development of electric commercial vehicles are also slated to offer new business scope for acoustic vehicle alerting system providers in the long run.
Global Acoustic Vehicle Alerting System Market By Vehicle Type
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Acoustic Vehicle Alerting System Market Regional Insights
The Asia Pacific region is estimated to spearhead the sales of acoustic vehicle alerting systems across the study period and beyond. Growing emphasis on pedestrian safety, rising adoption of electric vehicles, and presence of leading automotive manufacturers are slated to be key factors supporting the dominance of this region. China is slated to emerge as especially opportune market in this region owing to rapid surge in use of electric vehicles with advanced safety systems. Japan, South Korea, and India are slated to be other rewarding markets for acoustic vehicle alerting system suppliers looking to make a mark in the Asia Pacific region across the study period and beyond.
Meanwhile, Europe is estimated to emerge as the second-largest market for acoustic vehicle alerting systems. The presence of leading automotive manufacturers, growing sales of electric vehicles, and high emphasis on improving pedestrian safety are slated to offer new business scope for acoustic vehicle alerting system companies. High consumer awareness regarding sustainability in European countries is a major factor promoting the sales of electric vehicles and thereby also boosting sales of acoustic vehicle alerting systems. Germany, France, and the United Kingdom are slated to emerge as the most rewarding markets in the European region over the coming years.
Global Acoustic Vehicle Alerting System Market By Region
- Largest
- Fastest
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Acoustic Vehicle Alerting System Market Dynamics
Drivers
Imposition of Stringent Mandates for Pedestrian Safety
-
Growing incidence of accidents on road has led to imposition of strict regulations regarding vehicle and pedestrian safety by regulatory bodies and governments. These new mandates are expected to bolster the adoption of acoustic vehicle alerting system to help improve safety and alert pedestrians around the vehicle.
Emphasis on Accessibility and Inclusivity
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The rising emphasis on inclusivity for individuals with visual impairments is forecasted to drive the global acoustic vehicle alerting system market growth over the coming years. These systems improve mobility safety for vulnerable pedestrians, aligning with broader societal goals of creating inclusive environments for disabled and especially abled people.
Restraints
Absence of Standardization
-
There are no global standards or guidelines established for the implementation of acoustic vehicle alerting system. This lack of uniformity in standards is expected to create major issues related to interoperability and integration across multiple vehicles thereby ultimately inhibiting the global acoustic vehicle alerting system market outlook going forward.
Challenges in Retrofitting
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Retrofitting old vehicles with advanced acoustic vehicle alerting systems is expected to emerge as a major challenge in the long run. Older vehicles often have to be retrofitted using an aftermarket solution and lack of standardization results in confusion among consumers. All of these factors contribute to high costs and longer time to retrofit acoustic vehicle alerting systems in old vehicles and slow down market development potential.
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Acoustic Vehicle Alerting System Market Competitive Landscape
Acoustic vehicle alerting system companies should focus on creating a standardized framework of regulations to help maximize their business scope. Collaborating with automotive manufacturers can also help acoustic vehicle alerting system providers expand their revenue generation potential in the long run. Integration of acoustic vehicle alerting system with other vehicle safety systems and solutions can also help improve the application scope of acoustic vehicle alerting systems going forward.
Top Players in Acoustic Vehicle Alerting System Market
- Continental AG (Germany)
- Harman International (US)
- DENSO Corporation (Japan)
- Thor (US)
- Sonavox (China)
- STMicroelectronics (Switzerland)
- Texas Instruments Incorporated (US)
- Brigade Electronics Group Plc (UK)
- Ardent Limited (UK)
- Novosim (France)
- SoundRacer (Sweden)
- Uno Minda (India)
- Robert Bosch GmbH (Germany)
- CrispAudio (US)
- Siemens (Germany)
- Seger (Turkey)
- EDAG Group (Germany)
- Müller-BBM VibroAkustik Systeme GmbH (Germany)
- HL Klemove (South Korea)
- TVS Sensing Solutions (India)
Recent Developments
- In July 2024, Brose, a leading supplier of automotive components announced its plans to launch a new acoustic vehicle alerting system for electric and hybrid vehicles. The company intends to launch this solution soon and have it installed in multiple vehicles in the North American region by 2026.
- In July 2023, Maruti Suzuki, a leading automotive manufacturer in India and subsidiary of Suzuki Motor Corporation announced the addition of acoustic vehicle alerting system in its Grand Vitara model. Zeta+ and Alpha+ variants of Grand Vitara were offered to customers equipped with this advanced safety system.
- In January 2021, STMicroelectronics, a leading semiconductor manufacturing company announced the launch of a new acoustic vehicle alerting system with AutoDevKit. The new solution was launched to alert pedestrians to the presence of quiet electric and hybrid vehicles.
Acoustic Vehicle Alerting System Key Market Trends
- Rising Use of Electric Vehicles: Acoustic vehicle alerting system companies should focus on developing their offerings for electric vehicles going forward. Electric vehicles have no engine noise and can easily sneak up on pedestrians without any indication, which is why regulatory bodies are pushing the use of acoustic vehicle alerting systems in the electric vehicles to enhance pedestrian safety.
- Use of Sustainable Sound Technologies: Acoustic vehicle alerting system companies can focus on utilizing energy-efficient and eco-friendly sound generation technologies to maximize their business scope. Use of renewable energy and use of sustainable materials for sound generation components can help automotive companies attain their sustainability goals faster.
Acoustic Vehicle Alerting System Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, imposition of stringent mandates for pedestrian safety and growing demand for electric vehicles are projected to drive acoustic vehicle alerting system demand in the future. On the contrary, lack of standardization and challenges in retrofitting are forecasted to hurt the sales of acoustic vehicle alerting systems in the long run. The Asia Pacific region is estimated to spearhead the sales of acoustic vehicle alerting systems owing to the presence of leading automotive manufacturers in countries such as Japan, India, and China. The development of acoustic vehicle alerting systems for electric vehicles and the use of sustainable sound technologies are offering new opportunities for acoustic vehicle alerting system companies in the long run. Using sustainable materials and product innovation for application in electric vehicles are slated to be prime opportunities for market players across the study period and beyond.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 1.13 Billion |
| Market size value in 2032 | USD 1.97 Billion |
| Growth Rate | 6.4% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Acoustic Vehicle Alerting System Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Acoustic Vehicle Alerting System Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Acoustic Vehicle Alerting System Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Acoustic Vehicle Alerting System Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Acoustic Vehicle Alerting System Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Acoustic Vehicle Alerting System Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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