Acoustic vehicle alerting system Market are the device that generate sound and are fitted in electric/hybrid vehicles. Currently, all these devices are based on speakers that emit an artificial and canned sound, not associated with a moving vehicle.  The system are used to protect pedestrians by warning them about the vehicle's presence. In view of the increasing concern regarding the protection of the environment and of passengers, the governments of the various countries are supporting the development of electric vehicles worldwide. Moreover, rising investments in research and development related to advanced security systems are expected to boost the growth of acoustic vehicle alerting system market in the upcoming years.

Acoustic Vehicle Alerting System Market Report Outlook

The key factor for the growth of acoustic vehicle alerting system is increasing sales of electric vehicles to expand globally.  The increase in tremendous sale is estimated to reach to highest significant units. Moreover, Tesla is currently leading market of electric vehicle. Beside increased emphasis on commuter safety is propelling the growth of acoustic vehicle alerting system as these system generates sound nearly silent to improve the safety of vulnerable road users such as pedestrians, cyclists and children. The strategy is to create an immersive, simulated auditory environment where people could experience the sounds of future traffic situations.

COVID-19 Impact on Acoustic Vehicle Alerting System Market Report

The exclusive COVID 19 impact analysis report by Axiom MRC provides a 360 degree analysis of micro and macro-economic factors on the acoustic vehicle alerting system market. In addition, complete analysis of changes on the acoustic vehicle alerting system market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market. COVID-19 impact on the acoustic vehicle alerting system market was negative since the production and supply chain was disrupted which has hamper the growth of acoustic vehicle alerting system market however after pandemic it is observed that the market will have growth owing to new innovation and technology advancement in electric vehicle alerting system.

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Acoustic Vehicle Alerting System Market Segmental Overview

The acoustic vehicle alerting system market is segmented based on by propulsion type, by vehicle type, by mounting position, by sales channel and by geography.

Acoustic Vehicle Alerting System Market by Propulsion Type

The acoustic vehicle alerting system are available in different propulsion types including battery electric vehicle (BEV), fuel cell electric vehicle (FCEV), plug-in hybrid electric vehicle (PHEV)

Battery Electric Vehicle (BEV) is expected to dominate the market with highest sale in the market by propulsion type. In addition, BEV segment is anticipated to gain high traction in emerging economy owing to very low noise while driving below 20km/h.  However, PHEV segment is projected to have significant growth in the upcoming years

Acoustic Vehicle Alerting System Market by Vehicle Type

Depending on the vehicle type the acoustic vehicle alerting system is available for passenger cars and commercial vehicles. Commercial vehicles is expected to lead in the global acoustic vehicle alerting system due to increasing trend of replacement of fossil fuel-based public transport fleet with electric buses will drive the growth of electric commercial vehicles. Moreover, many countries are likely to replace their existing fuel-based bus fleet with electric buses. In addition, growth of logistics and shared mobility will drive the growth of electric commercial vehicles during the forecast period.

Acoustic Vehicle Alerting System Market by Mounting Position

Acoustic vehicle alerting system has various type of mounting position like integrated and separated. The integrated mounting position is major used as it helps to create VESS Design also known as acoustic vehicle alerting system and allow to meet government regulations and decrease time to travel.

Acoustic Vehicle Alerting System Market by Sales Channel

The acoustic vehicle alerting system have major distribution through following sales channel including OEM and aftermarket. The OEM has major sale in the global acoustic vehicle alerting system market due to increasing emphasis on commuter safety across the globe to enhance pedestrian safety creates opportunities. The new scenario is becoming visible when observing the product portfolio of most of the big OEMs most of them, are proposing green technologies among their core segments models. In parallel, small car manufacturers are proposing niche products that, as first-movers, can become rivals for the classical car manufacturers.

Acoustic Vehicle Alerting System Market Key Players

The key players in acoustic vehicle alerting system market are Brigade Electronics, Continental, Daimler, Delphi, Harman (Samsung), Kendrion, Kufatec GmbH Co. Kg, Mando-Hella Electronics Corp, Nissan Motor Co. Ltd, Soundracer Ab, Tesla Motors and Texas Instruments among others.

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