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.

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According too the World Health Organization (WHO), approximately 1.19 million people face fatalities each year due to road traffic crashes. Road traffic injuries, the leading cause of fatality for individuals aged 5–29 years, disproportionately affect low and middle-income countries, where 92.0% of global fatalities occur despite only around 60.0% of global vehicles. Such factors create the demand for active safety measures to prevent accidents. As a result, active safety features are increasingly being integrated into vehicles to help avoid collisions and accidents.

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Market Coverage
Market number available for – 2024-2030
Base year- 2023
Forecast period- 2024-2030
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

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.

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