Acoustic Vehicle Alerting System Market 2019: An Overview To The Future Opportunities Over The Globe
The Acoustic Vehicle Alerting System Market is projected to reach USD 5,615 million by 2027 from an estimated USD 425 million in 2019, growing at a CAGR of 38.1% during the forecast period, driven by the installation of AVAS in passenger cars and commercial vehicles. The growing sensitivity towards pedestrian safety is the primary factor responsible for the expected growth in this market. Electric vehicles, including BEVs, PHEVs, and FCEVs, are silent in operation because of the absence of engine and other moving parts. Hence, EVs can be a potential threat for traffic participants such as pedestrians and cyclists . OEMs worldwide are investing in research & testing of different sound modules leading to continuous advancements in AVAS . For instance, In March 2019, Mercedes-AMG partnered with Linkin Park, the renowned music band, to create an artificial sound for its electric cars. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id...