According to a new report, published by KBV research, The Global Acoustic Vehicle Alert System Market size is expected to reach $1.5 billion by 2030, rising at a market growth of 12.1% CAGR during the forecast period.
Augmented Reality, known for overlaying digital information onto the physical world, now extends its capabilities to the auditory domain. AR sound projection in AVAS uses advanced sensors, cameras, and processing algorithms to map the surrounding environment spatially. This mapping allows for precise calculation of where sound should be projected to achieve optimal awareness for pedestrians and other road users.
A user-centric approach to AVAS innovation involves the introduction of user-selectable sound profiles. This allows vehicle owners to personalize the sound emitted by their vehicles within regulatory limits. Manufacturers are exploring interfaces that enable users to choose from a range of pre-set sound options or even upload custom sounds, fostering a sense of individuality and ownership in the auditory identity of their vehicles.
The Battery Electric Vehicle (BEV) segment is leading the Global Acoustic Vehicle Alert System Market by Propulsion Type in 2022; thereby, achieving a market value of $951.2 Million by 2030. One of the primary reasons behind the symbiotic growth of the BEV segment and the acoustic vehicle alert system market is the silent operation characteristic of electric vehicles. While beneficial for reducing noise pollution, this silence poses safety concerns, especially for pedestrians who may not hear approaching electric vehicles. Thus, the segment will expand rapidly in the coming years.
The Commercial Vehicle segment is experiencing a CAGR of 13% during (2023 - 2030). The increased focus on minimizing accidents involving pedestrians has prompted commercial vehicle manufacturers to invest in safety technologies, including AVAS. The acoustic alerts provided by AVAS systems help mitigate the risks associated with larger and often less maneuverable commercial vehicles operating in urban environments. Thus, the segment will witness increased demand in the upcoming years.
Full Report: https://www.kbvresearch.com/acoustic-vehicle-alert-system-market/
The Asia Pacific region dominated the Global Acoustic Vehicle Alert System Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $591.3 Million by 2030. The Europe region is poised to grow a CAGR of 11.4% during (2023 - 2030). Additionally, The North America region would witness a CAGR of 11.9% during (2023 - 2030).
By Propulsion Type
By Vehicle Type
By Geography
Unique Offerings 
