Acoustic Vehicle Alerting System Market Size

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.