AVAS market is anticipated to grow at a CAGR of 14.6% during the forecast period (2024-2031). Significant factors contributing to the market growth include rising road accidents globally, and increasing demand for safety technologies such as collision avoidance systems, parking assistance, traction control, lane departure warnings, electronic stability control, airbags, tire pressure monitors, and telematics.
Get Free Sample link @ https://www.omrglobal.com/request-sample/avas-market
The global AVAS market is segmented on the vehicle type, application, and end-user. Based on the vehicle type, the market is sub-segmented into two-wheelers, passenger cars, LCVs, and HCVs. Based on the application, the market is sub-segmented into ADAS, infotainment, body electronics, and powertrain electronics. Further, based on the end-user, the market is bifurcated into OEM and aftermarket solutions. Among the end-users, the OEMs sub-segment is projected to hold a significant share of the market, primarily attributed to the government mandates for the implementation of AVAS for safety concerns. According to the EU regulation 540/2014 Of The European Parliament And Of The Council, all new vehicles sold or imported from July 2021 in Europe must be equipped with an AVAS.
full report of Acoustic Vehicle Alerting System (AVAS) Market available @ https://www.omrglobal.com/industry-reports/avas-market
- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Acoustic Vehicle Alerting System Market Report Segment
By Vehicle Type
- Two-Wheeler
- Passenger Car
- Light Commercial Vehicle (LCV)
- Heavy Commercial Vehicle (HCV)
By Application
- Advanced Driver-Assistance System (ADAS)
- Infotainment
- Body Electronics
- Powertrain Electronics
By End-User
- Original Equipment Manufacturers (OEMs)
- Aftermarket Solutions
Global Acoustic Vehicle Alerting System Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global acoustic vehicle alerting system market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/avas-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404
