Electric vehicle (EV) safety systems are called Acoustic Vehicle Alerting Systems (AVAS). Compared to automobiles with internal combustion engines (ICEs), electric vehicles (EVs) generate less noise. It is difficult for pedestrians, particularly those with disabilities, to navigate this reduced noise level. In order to warn pedestrians of their presence, AVAS is fitted in quiet vehicles, such as electric and hybrid cars. Artificial noises are produced by vibrating loudspeakers or actuators in accordance with the vehicle's structural components and in response to variables like gear, velocity, and the location of the gas pedal.

Growing Adoption of Electric and Hybrid cars: One of the main factors propelling the AVAS market is the growing appeal of electric and hybrid cars. Installing AVAS systems is becoming more and more necessary in order to protect pedestrians and other road users because these vehicles run quietly at low speeds. Regulatory Compliance: Stricter noise emission regulations are being put in place by governments and regulatory bodies throughout the globe for electric and hybrid cars. One of the most important steps in complying with these rules and propelling market expansion is requiring the installation of AVAS systems in these cars.

Exorbitant Costs: The integration and installation of AVAS systems into hybrid and electric cars can raise production costs considerably. This financial load is problematic, particularly for smaller automakers and those in competitive industries. Limited Awareness: Although consumers and industry stakeholders are becoming more aware of AVAS systems, there is still a knowledge and comprehension gap in these areas. It's still difficult to get the market to understand the advantages and significance of AVAS systems. Technical Restrictions: In order to provide efficient sound creation without contributing to noise pollution, AVAS systems must be properly constructed. For manufacturers, striking the correct mix between warning pedestrians and minimizing excessive noise may be a technological problem.

The acoustic vehicle alerting system's demand was hindered by the COVID-19 epidemic. The worldwide supply chain for acoustic vehicle alerting systems (AVAS) was affected when governments throughout the world imposed lockdowns and social distancing measures in response to the increase of COVID-19 infections. The demand for acoustic vehicle alerting systems which are fitted in electric cars to provide sound to increase the safety of vulnerable road users was further hampered by a dramatic decline in new electric and hybrid vehicle sales seen globally.

The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as Brigade Electronics, Continental AG, Continental Engineering Services GmbH, Delphi, Mando-Hella Electronics, Harman International, Hella Gmbh & Co.KGaA, Siemens, SEGER, Thor (Dubai).

By Propulsion Type: Based on the Propulsion Type, Global Acoustic Vehicle Alerting System Market is segmented as; BEV, PHEV, FCEV.

By Vehicle Type: Based on the Vehicle Type, Global Acoustic Vehicle Alerting System Market is segmented as; Passenger Cars, Commercial Vehicle

By Electric Two-Wheeler: Based on the Electric Two-Wheeler, Global Acoustic Vehicle Alerting System Market is segmented as; E-Scooter/Moped, E-Motorcycle.

By Sales Channel: Based on the Sales Channel, Global Acoustic Vehicle Alerting System Market is segmented as; OEM, Aftermarket.

By Mounting Position: Based on the Mounting Position, Global Acoustic Vehicle Alerting System Market is segmented as; Integrated, Separated.

By Region: This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.