South Korea Acoustic Vehicle Alerting Systems Market
South Korea’s automotive Acoustic Vehicle Alerting Systems Market industry is adopting as part of the transition to electric and hybrid vehicles. With the rise of EVs and regulatory pressures, South Korean manufacturers like Hyundai and Kia are incorporating AVAS in their new electric vehicle models. These systems are essential for ensuring pedestrian safety in busy urban environments, where low-noise vehicles can be a hazard. As the South Korean government pushes for greener mobility solutions, the AVAS market is expected to grow rapidly, supported by domestic innovation and global export potential.
The Acoustic vehicle alerting systems market is relied upon to witness 33.6 % CAGR during the gauge time frame, 2024-2032. As electric vehicles (EVs) are moving in on the auto market, wellbeing connecting with acoustic insight is one of the main issues. The commotion recurrence/level produced by an EV is altogether different from radiated of a gas-powered motor (ICE) vehicle.
The Global Acoustic Vehicle Alerting Systems Market is expected to grow significantly due to the increasing adoption of electric vehicles and the implementation of regulations mandating AVAS in new electric and hybrid vehicles.
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The low commotion level of an EV could make it challenging for walkers, particularly for the outwardly impeded populace, to distinguish a coming EV submerge in the rush hour gridlock stream because of the covering impact given by the encompassing clamours. Moreover, the expanding number of electric vehicles out and about builds the possible risk of quiet vehicles to people on foot, cyclists, and the geriatric public.
The development of the worldwide acoustic vehicle alerting systems market can principally be credited to the tough guidelines commanded by the states across the globe to control the chance of mishaps caused because of the low sound of electric vehicles. For example, the European Union has another mandate requiring all new electric and half-breed vehicles to give a sound admonition to people on foot while going at speeds under 12 mph by 2021.
Market Segmentation:
The worldwide acoustic vehicle alerting systems market is fragmented in view of vehicle type, deals channel, and locale. Based on vehicle type, the worldwide market has been portioned into traveller vehicles, light business vehicles, and weighty business vehicles. Based on the deals channel, the worldwide market has been fragmented into unique gear producer (OEM) and post-retail.
Regional Analysis:
Geologically, the worldwide acoustic vehicle alerting systems market has been sectioned into four significant areas, which are North America, Europe, Asia-Pacific, and the Rest of the world. The electric vehicle market in North America is relied upon to rule the worldwide acoustic vehicle cautioning systems market through the gauge time frame, attributable to severe standards managed by the public authority for pre-mounting of noisemaking gadgets in EVs and crossover vehicles during the assembling system.
Moreover, Europe is relied upon to observe strong development in the worldwide acoustic vehicle cautioning systems market. The development in the district can be ascribed to severe standards set by the European Parliament to prepare AVAS for all new electric and crossover vehicles. Notwithstanding, Asia-Pacific is relied upon to enrol the highest CAGR in the worldwide acoustic vehicle cautioning systems market during the gauge time frame.
Key Companies:
Denso Corporation (Japan), HARMAN International (US), Delphi Technologies (UK), Daimler AG (Germany), Volkswagen AG (Germany), BMW AG (Germany), Honda Motor Co., Ltd (Japan), Nissan Motor Corporation (Japan), MANDO-HELLA Electronics Corp. (South Korea), and KUFATEC GmbH & Co. KG (Germany)
Industry News:
Recent developments in the Acoustic Vehicle Alerting Systems (AVAS) market highlight significant advancements and innovations from key players such as Denso Corporation (Japan) and HARMAN International (US).
ARMAN International introduced its "HALOsonic" AVAS platform in late 2023. This customizable and scalable solution can be adapted to various vehicle types and is designed to meet a range of regulatory requirements across different regions. HARMAN's focus on personalization allows manufacturers to align the AVAS sound profile with their vehicle designs, while ensuring compliance with pedestrian safety standards
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