The Asia Pacific Acoustic Vehicle Alert System Market would witness market growth of 12.5% CAGR during the forecast period (2023-2030).
Developers in the AVAS industry are investigating environmentally favorable and sustainable soundscapes considering the increasing focus on sustainability. By incorporating nature-inspired or harmonious sounds into the alert system, manufacturers aim to contribute positively to the auditory environment, aligning with broader sustainability goals and creating a more pleasant auditory landscape in urban settings. An important factor in determining mental health is the auditory environment. By introducing calming and nature-inspired sounds, AVAS creates a more serene and therapeutic auditory backdrop, offering a respite from the hustle and bustle of city life.
Additionally, integrating Artificial Intelligence (AI) into AVAS represents a frontier of innovation. AI algorithms can dynamically adapt acoustic signals based on real-time conditions, including the vehicle's speed, surrounding noise levels, and pedestrian proximity. This innovation allows for a more context-aware and adaptive approach, enhancing the effectiveness and efficiency of AVAS in diverse scenarios.
As per Invest India, the automotive industry is valued at over $222 billion, accounting for 35% of the manufacturing sector's gross domestic product. The automotive industry produced 22.93 million vehicles between April 2021 and March 2022. This figure includes passenger vehicles, commercial vehicles, three-wheelers, two-wheelers, and quadricycles. India occupies a prominent position in the international heavy vehicle sector due to its global leadership roles as the foremost producer of tractors, the second-largest producer of buses, and the third-largest producer of heavy trucks. Thus, the growing automotive sector in Asia Pacific will propel the demand for AVAS in the region.
The China market dominated the Asia Pacific 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 $175.8 Million by 2030. The Japan market is registering a CAGR of 11.8% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 13.8% during (2023 - 2030).
Free Valuable Insights: The Global 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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
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
Asia Pacific 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
- China
- Japan
- India
- South Korea
- Taiwan
- Malaysia
- Rest of Asia Pacific
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Acoustic Vehicle Alert System Market, by Propulsion Type
1.4.2 Asia Pacific Acoustic Vehicle Alert System Market, by Vehicle Type
1.4.3 Asia Pacific 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. Asia Pacific Acoustic Vehicle Alert System Market by Propulsion Type
4.1 Asia Pacific Battery Electric Vehicle (BEV) Market by Country
4.2 Asia Pacific Plug -In Hybrid Electric Vehicle (PHEV) Market by Country
Chapter 5. Asia Pacific Acoustic Vehicle Alert System Market by Vehicle Type
5.1 Asia Pacific Passenger Vehicle Market by Country
5.2 Asia Pacific Two-Wheelers Market by Country
5.3 Asia Pacific Commercial Vehicle Market by Country
Chapter 6. Asia Pacific Acoustic Vehicle Alert System Market by Country
6.1 China Acoustic Vehicle Alert System Market
6.1.1 China Acoustic Vehicle Alert System Market by Propulsion Type
6.1.2 China Acoustic Vehicle Alert System Market by Vehicle Type
6.2 Japan Acoustic Vehicle Alert System Market
6.2.1 Japan Acoustic Vehicle Alert System Market by Propulsion Type
6.2.2 Japan Acoustic Vehicle Alert System Market by Vehicle Type
6.3 India Acoustic Vehicle Alert System Market
6.3.1 India Acoustic Vehicle Alert System Market by Propulsion Type
6.3.2 India Acoustic Vehicle Alert System Market by Vehicle Type
6.4 South Korea Acoustic Vehicle Alert System Market
6.4.1 South Korea Acoustic Vehicle Alert System Market by Propulsion Type
6.4.2 South Korea Acoustic Vehicle Alert System Market by Vehicle Type
6.5 Taiwan Acoustic Vehicle Alert System Market
6.5.1 Taiwan Acoustic Vehicle Alert System Market by Propulsion Type
6.5.2 Taiwan Acoustic Vehicle Alert System Market by Vehicle Type
6.6 Malaysia Acoustic Vehicle Alert System Market
6.6.1 Malaysia Acoustic Vehicle Alert System Market by Propulsion Type
6.6.2 Malaysia Acoustic Vehicle Alert System Market by Vehicle Type
6.7 Rest of Asia Pacific Acoustic Vehicle Alert System Market
6.7.1 Rest of Asia Pacific Acoustic Vehicle Alert System Market by Propulsion Type
6.7.2 Rest of Asia Pacific 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 Asia Pacific Acoustic Vehicle Alert System Market, 2019 - 2022, USD Million
TABLE 2 Asia Pacific Acoustic Vehicle Alert System Market, 2023 - 2030, USD Million
TABLE 3 Asia Pacific Acoustic Vehicle Alert System Market by Propulsion Type, 2019 - 2022, USD Million
TABLE 4 Asia Pacific Acoustic Vehicle Alert System Market by Propulsion Type, 2023 - 2030, USD Million
TABLE 5 Asia Pacific Battery Electric Vehicle (BEV) Market by Country, 2019 - 2022, USD Million
TABLE 6 Asia Pacific Battery Electric Vehicle (BEV) Market by Country, 2023 - 2030, USD Million
TABLE 7 Asia Pacific Plug -In Hybrid Electric Vehicle (PHEV) Market by Country, 2019 - 2022, USD Million
TABLE 8 Asia Pacific Plug -In Hybrid Electric Vehicle (PHEV) Market by Country, 2023 - 2030, USD Million
TABLE 9 Asia Pacific Acoustic Vehicle Alert System Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 10 Asia Pacific Acoustic Vehicle Alert System Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 11 Asia Pacific Passenger Vehicle Market by Country, 2019 - 2022, USD Million
TABLE 12 Asia Pacific Passenger Vehicle Market by Country, 2023 - 2030, USD Million
TABLE 13 Asia Pacific Two-Wheelers Market by Country, 2019 - 2022, USD Million
TABLE 14 Asia Pacific Two-Wheelers Market by Country, 2023 - 2030, USD Million
TABLE 15 Asia Pacific Commercial Vehicle Market by Country, 2019 - 2022, USD Million
TABLE 16 Asia Pacific Commercial Vehicle Market by Country, 2023 - 2030, USD Million
TABLE 17 Asia Pacific Acoustic Vehicle Alert System Market by Country, 2019 - 2022, USD Million
TABLE 18 Asia Pacific Acoustic Vehicle Alert System Market by Country, 2023 - 2030, USD Million
TABLE 19 China Acoustic Vehicle Alert System Market, 2019 - 2022, USD Million
TABLE 20 China Acoustic Vehicle Alert System Market, 2023 - 2030, USD Million
TABLE 21 China Acoustic Vehicle Alert System Market by Propulsion Type, 2019 - 2022, USD Million
TABLE 22 China Acoustic Vehicle Alert System Market by Propulsion Type, 2023 - 2030, USD Million
TABLE 23 China Acoustic Vehicle Alert System Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 24 China Acoustic Vehicle Alert System Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 25 Japan Acoustic Vehicle Alert System Market, 2019 - 2022, USD Million
TABLE 26 Japan Acoustic Vehicle Alert System Market, 2023 - 2030, USD Million
TABLE 27 Japan Acoustic Vehicle Alert System Market by Propulsion Type, 2019 - 2022, USD Million
TABLE 28 Japan Acoustic Vehicle Alert System Market by Propulsion Type, 2023 - 2030, USD Million
TABLE 29 Japan Acoustic Vehicle Alert System Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 30 Japan Acoustic Vehicle Alert System Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 31 India Acoustic Vehicle Alert System Market, 2019 - 2022, USD Million
TABLE 32 India Acoustic Vehicle Alert System Market, 2023 - 2030, USD Million
TABLE 33 India Acoustic Vehicle Alert System Market by Propulsion Type, 2019 - 2022, USD Million
TABLE 34 India Acoustic Vehicle Alert System Market by Propulsion Type, 2023 - 2030, USD Million
TABLE 35 India Acoustic Vehicle Alert System Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 36 India Acoustic Vehicle Alert System Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 37 South Korea Acoustic Vehicle Alert System Market, 2019 - 2022, USD Million
TABLE 38 South Korea Acoustic Vehicle Alert System Market, 2023 - 2030, USD Million
TABLE 39 South Korea Acoustic Vehicle Alert System Market by Propulsion Type, 2019 - 2022, USD Million
TABLE 40 South Korea Acoustic Vehicle Alert System Market by Propulsion Type, 2023 - 2030, USD Million
TABLE 41 South Korea Acoustic Vehicle Alert System Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 42 South Korea Acoustic Vehicle Alert System Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 43 Taiwan Acoustic Vehicle Alert System Market, 2019 - 2022, USD Million
TABLE 44 Taiwan Acoustic Vehicle Alert System Market, 2023 - 2030, USD Million
TABLE 45 Taiwan Acoustic Vehicle Alert System Market by Propulsion Type, 2019 - 2022, USD Million
TABLE 46 Taiwan Acoustic Vehicle Alert System Market by Propulsion Type, 2023 - 2030, USD Million
TABLE 47 Taiwan Acoustic Vehicle Alert System Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 48 Taiwan Acoustic Vehicle Alert System Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 49 Malaysia Acoustic Vehicle Alert System Market, 2019 - 2022, USD Million
TABLE 50 Malaysia Acoustic Vehicle Alert System Market, 2023 - 2030, USD Million
TABLE 51 Malaysia Acoustic Vehicle Alert System Market by Propulsion Type, 2019 - 2022, USD Million
TABLE 52 Malaysia Acoustic Vehicle Alert System Market by Propulsion Type, 2023 - 2030, USD Million
TABLE 53 Malaysia Acoustic Vehicle Alert System Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 54 Malaysia Acoustic Vehicle Alert System Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 55 Rest of Asia Pacific Acoustic Vehicle Alert System Market, 2019 - 2022, USD Million
TABLE 56 Rest of Asia Pacific Acoustic Vehicle Alert System Market, 2023 - 2030, USD Million
TABLE 57 Rest of Asia Pacific Acoustic Vehicle Alert System Market by Propulsion Type, 2019 - 2022, USD Million
TABLE 58 Rest of Asia Pacific Acoustic Vehicle Alert System Market by Propulsion Type, 2023 - 2030, USD Million
TABLE 59 Rest of Asia Pacific Acoustic Vehicle Alert System Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 60 Rest of Asia Pacific Acoustic Vehicle Alert System Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 61 key information – HELLA GmbH & Co. KGaA
TABLE 62 key information – Mercedes-Benz Group AG
TABLE 63 Key Information – HARMAN International industries, Inc.
TABLE 64 key Information – Honda Motor Co. Ltd.
TABLE 65 Key Information – Maruti Suzuki India Limited
TABLE 66 Key Information – Continental AG
TABLE 67 Key Information – STMicroelectronics N.V.
TABLE 68 Key Information – brigade electronics group plc
TABLE 69 Key Information – Kendrion N.V.
TABLE 70 Key Information – soundracer AB
List of Figures
FIG 1 Methodology for the research
FIG 2 Asia Pacific 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 Asia Pacific Acoustic Vehicle Alert System Market share by Propulsion Type, 2022
FIG 6 Asia Pacific Acoustic Vehicle Alert System Market share by Propulsion Type, 2030
FIG 7 Asia Pacific Acoustic Vehicle Alert System Market by Propulsion Type, 2019 - 2030, USD Million
FIG 8 Asia Pacific Acoustic Vehicle Alert System Market share by Vehicle Type, 2022
FIG 9 Asia Pacific Acoustic Vehicle Alert System Market share by Vehicle Type, 2030
FIG 10 Asia Pacific Acoustic Vehicle Alert System Market by Vehicle Type, 2019 - 2030, USD Million
FIG 11 Asia Pacific Acoustic Vehicle Alert System Market share by Country, 2022
FIG 12 Asia Pacific Acoustic Vehicle Alert System Market share by Country, 2030
FIG 13 Asia Pacific 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