The Latin America, Middle East and Africa Acoustic Vehicle Alert System Market would witness market growth of 14.0% CAGR during the forecast period (2023-2030).
AI algorithms within AVAS continuously analyze myriad real-time conditions, each contributing to determining the appropriate acoustic signal. These conditions include the vehicle's speed, the ambient noise levels in the surrounding environment, the proximity of pedestrians, and the specific driving scenario. By synthesizing data from various sensors and inputs, AI enables AVAS to make instantaneous decisions on the most suitable auditory cues for the given context.
Furthermore, innovative sound projection technologies leveraging Augmented Reality (AR) are being explored to enhance AVAS capabilities. AR sound projection can create spatially accurate auditory cues, enabling vehicles to project alerts toward specific directions precisely. This innovation goes beyond traditional speaker-based systems, offering a more nuanced and directed approach to alerting pedestrians and other road users.
In 2020, Saudi Arabia constituted 35% of the vehicles sold in the MENA region and nearly 52% of the vehicles sold in the Gulf Cooperation Council (GCC). In 2019, 556 thousand vehicles were sold in Saudi Arabia; in 2020, 436 thousand vehicles were sold. The projected sales figure by 2025 is 543,000 units, of which electric vehicles (EVs) comprise 32,000. Hence, the rising self-driving vehicle adoption and growing automotive sector in LAMEA will assist in the expansion of the regional market.
The Brazil market dominated the LAMEA 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 $29.1 Million by 2030. The Argentina market is showcasing a CAGR of 15.3% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 13.3% during (2023 - 2030).
Free Valuable Insights: The Worldwide Acoustic Vehicle Alert System Market is Projected to reach USD 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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
LAMEA 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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Acoustic Vehicle Alert System Market, by Propulsion Type
1.4.2 LAMEA Acoustic Vehicle Alert System Market, by Vehicle Type
1.4.3 LAMEA 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. LAMEA Acoustic Vehicle Alert System Market by Propulsion Type
4.1 LAMEA Battery Electric Vehicle (BEV) Market by Country
4.2 LAMEA Plug -In Hybrid Electric Vehicle (PHEV) Market by Country
Chapter 5. LAMEA Acoustic Vehicle Alert System Market by Vehicle Type
5.1 LAMEA Passenger Vehicle Market by Country
5.2 LAMEA Two-Wheelers Market by Country
5.3 LAMEA Commercial Vehicle Market by Country
Chapter 6. LAMEA Acoustic Vehicle Alert System Market by Country
6.1 Brazil Acoustic Vehicle Alert System Market
6.1.1 Brazil Acoustic Vehicle Alert System Market by Propulsion Type
6.1.2 Brazil Acoustic Vehicle Alert System Market by Vehicle Type
6.2 Argentina Acoustic Vehicle Alert System Market
6.2.1 Argentina Acoustic Vehicle Alert System Market by Propulsion Type
6.2.2 Argentina Acoustic Vehicle Alert System Market by Vehicle Type
6.3 UAE Acoustic Vehicle Alert System Market
6.3.1 UAE Acoustic Vehicle Alert System Market by Propulsion Type
6.3.2 UAE Acoustic Vehicle Alert System Market by Vehicle Type
6.4 Saudi Arabia Acoustic Vehicle Alert System Market
6.4.1 Saudi Arabia Acoustic Vehicle Alert System Market by Propulsion Type
6.4.2 Saudi Arabia Acoustic Vehicle Alert System Market by Vehicle Type
6.5 South Africa Acoustic Vehicle Alert System Market
6.5.1 South Africa Acoustic Vehicle Alert System Market by Propulsion Type
6.5.2 South Africa Acoustic Vehicle Alert System Market by Vehicle Type
6.6 Nigeria Acoustic Vehicle Alert System Market
6.6.1 Nigeria Acoustic Vehicle Alert System Market by Propulsion Type
6.6.2 Nigeria Acoustic Vehicle Alert System Market by Vehicle Type
6.7 Rest of LAMEA Acoustic Vehicle Alert System Market
6.7.1 Rest of LAMEA Acoustic Vehicle Alert System Market by Propulsion Type
6.7.2 Rest of LAMEA 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 LAMEA Acoustic Vehicle Alert System Market, 2019 - 2022, USD Million
TABLE 2 LAMEA Acoustic Vehicle Alert System Market, 2023 - 2030, USD Million
TABLE 3 LAMEA Acoustic Vehicle Alert System Market by Propulsion Type, 2019 - 2022, USD Million
TABLE 4 LAMEA Acoustic Vehicle Alert System Market by Propulsion Type, 2023 - 2030, USD Million
TABLE 5 LAMEA Battery Electric Vehicle (BEV) Market by Country, 2019 - 2022, USD Million
TABLE 6 LAMEA Battery Electric Vehicle (BEV) Market by Country, 2023 - 2030, USD Million
TABLE 7 LAMEA Plug -In Hybrid Electric Vehicle (PHEV) Market by Country, 2019 - 2022, USD Million
TABLE 8 LAMEA Plug -In Hybrid Electric Vehicle (PHEV) Market by Country, 2023 - 2030, USD Million
TABLE 9 LAMEA Acoustic Vehicle Alert System Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 10 LAMEA Acoustic Vehicle Alert System Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 11 LAMEA Passenger Vehicle Market by Country, 2019 - 2022, USD Million
TABLE 12 LAMEA Passenger Vehicle Market by Country, 2023 - 2030, USD Million
TABLE 13 LAMEA Two-Wheelers Market by Country, 2019 - 2022, USD Million
TABLE 14 LAMEA Two-Wheelers Market by Country, 2023 - 2030, USD Million
TABLE 15 LAMEA Commercial Vehicle Market by Country, 2019 - 2022, USD Million
TABLE 16 LAMEA Commercial Vehicle Market by Country, 2023 - 2030, USD Million
TABLE 17 LAMEA Acoustic Vehicle Alert System Market by Country, 2019 - 2022, USD Million
TABLE 18 LAMEA Acoustic Vehicle Alert System Market by Country, 2023 - 2030, USD Million
TABLE 19 Brazil Acoustic Vehicle Alert System Market, 2019 - 2022, USD Million
TABLE 20 Brazil Acoustic Vehicle Alert System Market, 2023 - 2030, USD Million
TABLE 21 Brazil Acoustic Vehicle Alert System Market by Propulsion Type, 2019 - 2022, USD Million
TABLE 22 Brazil Acoustic Vehicle Alert System Market by Propulsion Type, 2023 - 2030, USD Million
TABLE 23 Brazil Acoustic Vehicle Alert System Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 24 Brazil Acoustic Vehicle Alert System Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 25 Argentina Acoustic Vehicle Alert System Market, 2019 - 2022, USD Million
TABLE 26 Argentina Acoustic Vehicle Alert System Market, 2023 - 2030, USD Million
TABLE 27 Argentina Acoustic Vehicle Alert System Market by Propulsion Type, 2019 - 2022, USD Million
TABLE 28 Argentina Acoustic Vehicle Alert System Market by Propulsion Type, 2023 - 2030, USD Million
TABLE 29 Argentina Acoustic Vehicle Alert System Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 30 Argentina Acoustic Vehicle Alert System Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 31 UAE Acoustic Vehicle Alert System Market, 2019 - 2022, USD Million
TABLE 32 UAE Acoustic Vehicle Alert System Market, 2023 - 2030, USD Million
TABLE 33 UAE Acoustic Vehicle Alert System Market by Propulsion Type, 2019 - 2022, USD Million
TABLE 34 UAE Acoustic Vehicle Alert System Market by Propulsion Type, 2023 - 2030, USD Million
TABLE 35 UAE Acoustic Vehicle Alert System Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 36 UAE Acoustic Vehicle Alert System Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 37 Saudi Arabia Acoustic Vehicle Alert System Market, 2019 - 2022, USD Million
TABLE 38 Saudi Arabia Acoustic Vehicle Alert System Market, 2023 - 2030, USD Million
TABLE 39 Saudi Arabia Acoustic Vehicle Alert System Market by Propulsion Type, 2019 - 2022, USD Million
TABLE 40 Saudi Arabia Acoustic Vehicle Alert System Market by Propulsion Type, 2023 - 2030, USD Million
TABLE 41 Saudi Arabia Acoustic Vehicle Alert System Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 42 Saudi Arabia Acoustic Vehicle Alert System Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 43 South Africa Acoustic Vehicle Alert System Market, 2019 - 2022, USD Million
TABLE 44 South Africa Acoustic Vehicle Alert System Market, 2023 - 2030, USD Million
TABLE 45 South Africa Acoustic Vehicle Alert System Market by Propulsion Type, 2019 - 2022, USD Million
TABLE 46 South Africa Acoustic Vehicle Alert System Market by Propulsion Type, 2023 - 2030, USD Million
TABLE 47 South Africa Acoustic Vehicle Alert System Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 48 South Africa Acoustic Vehicle Alert System Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 49 Nigeria Acoustic Vehicle Alert System Market, 2019 - 2022, USD Million
TABLE 50 Nigeria Acoustic Vehicle Alert System Market, 2023 - 2030, USD Million
TABLE 51 Nigeria Acoustic Vehicle Alert System Market by Propulsion Type, 2019 - 2022, USD Million
TABLE 52 Nigeria Acoustic Vehicle Alert System Market by Propulsion Type, 2023 - 2030, USD Million
TABLE 53 Nigeria Acoustic Vehicle Alert System Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 54 Nigeria Acoustic Vehicle Alert System Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 55 Rest of LAMEA Acoustic Vehicle Alert System Market, 2019 - 2022, USD Million
TABLE 56 Rest of LAMEA Acoustic Vehicle Alert System Market, 2023 - 2030, USD Million
TABLE 57 Rest of LAMEA Acoustic Vehicle Alert System Market by Propulsion Type, 2019 - 2022, USD Million
TABLE 58 Rest of LAMEA Acoustic Vehicle Alert System Market by Propulsion Type, 2023 - 2030, USD Million
TABLE 59 Rest of LAMEA Acoustic Vehicle Alert System Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 60 Rest of LAMEA 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 LAMEA 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 LAMEA Acoustic Vehicle Alert System Market share by Propulsion Type, 2022
FIG 6 LAMEA Acoustic Vehicle Alert System Market share by Propulsion Type, 2030
FIG 7 LAMEA Acoustic Vehicle Alert System Market by Propulsion Type, 2019 - 2030, USD Million
FIG 8 LAMEA Acoustic Vehicle Alert System Market share by Vehicle Type, 2022
FIG 9 LAMEA Acoustic Vehicle Alert System Market share by Vehicle Type, 2030
FIG 10 LAMEA Acoustic Vehicle Alert System Market by Vehicle Type, 2019 - 2030, USD Million
FIG 11 LAMEA Acoustic Vehicle Alert System Market share by Country, 2022
FIG 12 LAMEA Acoustic Vehicle Alert System Market share by Country, 2030
FIG 13 LAMEA 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