Dublin, Nov. 16, 2020 (GLOBE NEWSWIRE) -- The "Acoustic Vehicle Alerting System Market Research Report: By Propulsion (BEV, PHEV, FCEV), Vehicle (Two-Wheeler, Four-Wheeler), Distribution Channel (OEM, Aftermarket), Mounting (Integrated, Separated) - Global Industry Analysis and Growth Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
The global acoustic vehicle alerting system market is predicted to advance at 11.9% CAGR from 2020 to 2030 and reach a valuation of $10,578.8 million by 2030. This would be because of the rising incorporation of acoustic vehicle alerting systems (AVAS) in electric vehicles including both passenger cars and two-wheelers. According to the findings of the publisher, a market research company based in India, as many as 24.7 million units of such systems were installed in electric vehicles in 2019.
The increasing pollution levels in several countries, rising consumer preference for electric vehicles over the fossil fuel-powered automobiles, surging implementation of strict emission norms and regulations, and the provision of subsidies, grants, and tax rebates by the governments of various countries on electric vehicles are the main factors propelling the growth of the acoustic vehicle alerting system market across the globe. Additionally, the incorporation of AVAS is increasingly being made necessary in EVs for enhancing pedestrian safety.
Globally, the acoustic vehicle alerting system market is predicted to register the highest growth in the Asia-Pacific (APAC) region in the future years. This is because of the mushrooming sales of EVs in China, which is home to the largest EV industry in the world with sales of over 90% of the total electric two-wheeler sales (15 million units of scooter, motorbike, and moped) and nearly 50% of the total electric car sales all over the globe in 2019.
Hence, it can be said with full surety that the market would demonstrate explosive growth throughout the world in the upcoming years, mainly because of the growing adoption of electric vehicles and the rising enactment of government regulations all around the world that mandate the incorporation of AVAS in electric vehicles.
Key Topics Covered:
Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation by Propulsion
1.3.2 Market Segmentation by Vehicle
1.3.3 Market Segmentation by Distribution Channel
1.3.4 Market Segmentation by Mounting
1.3.5 Market Segmentation by Region
1.3.6 Analysis Period
1.3.7 Market Data Reporting Unit
1.3.7.1 Volume
1.3.7.2 Value
1.4 Key Stakeholders
Chapter 2. Research Methodology
2.1 Secondary Research
2.1.1 Paid
2.1.2 Unpaid
2.2 Primary Research
2.2.1 Breakdown of Primary Research Respondents
2.2.1.1 By region
2.2.1.2 By industry participant
2.2.1.3 By company type
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions for the Study
Chapter 3. Executive Summary
Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Product
4.1.1.1 BEV
4.1.1.2 PHEV
4.1.1.3 FCEV
4.1.2 By Vehicle
4.1.2.1 Two-wheeler
4.1.2.2 Four-wheeler
4.1.3 By Distribution Channel
4.1.3.1 OEM
4.1.3.2 Aftermarket
4.1.4 By Mounting
4.1.4.1 Integrated
4.1.4.2 Separated
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Trends
4.3.1.1 Emulating combustion engine
4.3.1.2 Consolidation and joint ventures among key players
4.3.2 Drivers
4.3.2.1 Increasing adoption of electric vehicles
4.3.2.1.1 Growing environmental concerns
4.3.2.1.2 Government support for electric vehicle adoption
4.3.2.2 Declining cost of components
4.3.2.3 New electric car variants
4.3.2.4 Impact analysis of drivers on market forecast
4.3.3 Restraints
4.3.3.1 High initial cost of electric vehicles
4.3.3.2 Underdeveloped value chain
4.3.3.3 Reducing subsidies on mass adoption of electric cars
4.3.3.4 Impact analysis of restraints on market forecast
4.3.4 Opportunities
4.3.4.1 Growth opportunities in emerging economies
4.3.4.2 Long-range cars to boost up the market
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Buyers
4.4.2 Bargaining Power of Suppliers
4.4.3 Intensity of Rivalry
4.4.4 Threat of New Entrants
4.4.5 Threat of Substitutes
Chapter 5. Policy and Regulatory Landscape
5.1 North America
5.1.1 U.S.
5.2 Europe
5.2.1 U.K.
5.3 APAC
5.3.1 Japan
5.3.2 China
Chapter 6. Impact of COVID-19 on EV Industry
6.1 Market Size and Forecast
6.2 COVID-19 - Auto Plant Shutdowns
6.3 Revise - Policy Development and Regulations
6.3.1 EV Policy Development Cycle
6.4 North America Electric Vehicle Market
6.4.1 COVID-19 Impact
6.4.1.1 Microeconomic impact- lockdown
6.4.1.2 Plummeting oil prices
6.4.1.3 Effect on supply chain
6.5 Europe Electric Vehicle Market
6.5.1 COVID-19 Impact
6.5.1.1 Microeconomic impact- lockdown
6.5.1.2 Inevitable production loss
6.5.1.3 Environmental regulations
6.5.1.4 Cash crunch in capital intensive industry
6.6 APAC Electric Vehicle Market
6.6.1 COVID-19 Impact
6.6.1.1 Microeconomic impact- lockdown
6.6.1.2 Re-examining strategies
6.7 LAMEA Electric Vehicle Market
6.7.1 COVID-19 Impact
6.7.1.1 Microeconomic impact- lockdown
6.7.1.2 Trade restrictions - import and export
6.7.1.3 Effect on supply chain
Chapter 7. Global Market Size and Forecast
7.1 By Propulsion
7.2 By Vehicle
7.3 By Distribution Channel
7.4 By Mounting
7.5 By Region
Chapter 8. North America Market Size and Forecast
8.1 By Propulsion
8.2 By Vehicle
8.3 By Distribution Channel
8.4 By Mounting
8.5 By Country
Chapter 9. Europe Size and Forecast
9.1 By Propulsion
9.2 By Vehicle
9.3 By Distribution Channel
9.4 By Mounting
9.5 By Country
Chapter 10. APAC Market Size and Forecast
10.1 By Propulsion
10.2 By Vehicle
10.3 By Distribution Channel
10.4 By Mounting
10.5 By Country
Chapter 11. LAMEA Market Size and Forecast
11.1 By Propulsion
11.2 By Vehicle
11.3 By Distribution Channel
11.4 By Mounting
11.5 By Country
Chapter 12. Competitive Landscape
12.1 Global Strategic Developments in the Market
12.1.1 Product Launches
12.1.2 Partnerships
12.1.3 Other Developments
Chapter 13. Company Profiles
13.1 Mando Corporation
13.1.1 Business Overview
13.1.2 Product and Service Offerings
13.1.3 Key Financial Summary
13.2 DENSO CORPORATION
13.2.1 Business Overview
13.2.2 Product and Service Offerings
13.2.3 Key Financial Summary
13.3 Honda Motor Co. Ltd.
13.3.1 Business Overview
13.3.2 Product and Service Offerings
13.3.3 Key Financial Summary
13.4 Tesla Inc.
13.4.1 Business Overview
13.4.2 Product and Service Offerings
13.4.3 Key Financial Summary
13.5 Volkswagen AG
13.5.1 Business Overview
13.5.2 Product and Service Offerings
13.5.3 Key Financial Summary
13.6 Renault-Nissan-Mitsubishi Alliance
13.6.1 Business Overview
13.6.2 Product and Service Offerings
13.6.3 Key Financial Summary of Renault-Nissan Alliance
13.6.4 Key Financial Summary of Mitsubishi
13.7 Samsung Electronics Co. Ltd.
13.7.1 Business Overview
13.7.2 Product and Service Offerings
13.7.3 Key Financial Summary
13.8 Delphi Technologies PLC
13.8.1 Business Overview
13.8.2 Product and Service Offerings
13.8.3 Key Financial Summary
13.9 Robert Bosch GmbH
13.9.1 Business Overview
13.9.2 Product and Service Offerings
13.9.3 Key Financial Summary
13.10 Daimler AG
13.10.1 Business Overview
13.10.2 Product and Service Offerings
13.10.3 Key Financial Summary
Chapter 14. Appendix
14.1 Abbreviations
14.2 Sources and References
14.3 Related Reports
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