Acoustic Vehicle Alerting System Market | World Players Forecast Analysis Till 2030

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Acoustic Vehicle Alerting System Market
Progressing at an 11.9 CAGR during 2020-2030
The global acoustic vehicle alerting system
market is expected to attain a revenue of
10,578.8 million by 2030, progressing at an
11.9 CAGR during 2020-2030, as stated by a
report by PS Intelligence. The market is growing
due to the increasing demand for electric
vehicles, declining cost of acoustic vehicle
alerting system components, proposed plan of new
EV variants launch, and mandatory regulatory
compliances.
r APAC 1
l By ?rgest Mark Region (201 2
Acoustic Vehicle Alerting System Market
r -w' r -w'
( Market Drivers J Q Market Players J
Increasing adoption of llV electric vehicles Growing environmental concerns L_J Mando Corporation DENSO CORPORATION Honda Motor Co. Ltd. Tesia Inc. Volkswagen AG Renault-Nissan-Mitsubishi Alliance Daimler AG Samsung Electronics Co. Ltd. Delphi Technologies PLC Robert Bosch GmbH L_J
CAGR 7 7.9 (2020-2030)
The current COVID-19 situation has disrupted the
automotive industry, much like several other
industries, which is further predicted to hamper
to growth of the market. Unless and until the
electric vehicle industry gets back on the track,
which can be done with the help of government
policies for electric vehicles, the future of the
acoustic vehicle alerting system domain is
uncertain. Some other factors upon which the
future of the electric vehicle industry depends
are economic recovery rate, ease in confinement
measures, consumer behavior regarding purchase of
new cars, and potential second waves of the
pandemic. Request to Get the Sample Report_at_
https//www.psmarketresearch.com/market-analysis/a
coustic-vehicle-alerting-system-market/report-samp
le The Asia-Pacific (APAC) region is expected to
dominate the acoustic vehicle alerting system
market in 2030. China is the largest electric
vehicle industry within the region and across the
globe. The country
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accounted for over 90 of the total electric
two-wheeler sales and approximately 50 of
electric cars in 2019 and 90 of electric
two-wheeler sales in 2019. Due to this, the
country is also the largest domain for acoustic
vehicle alerting system. Europe is expected to
advance at the fastest pace in the years to
come. The key players operating in the acoustic
vehicle alerting system market are Robert Bosch
GmbH,Mando Corporation, Honda Motor Co. Ltd.,
Volkswagen AG,DENSO CORPORATION, Tesla Inc.,
Renault-Nissan, Samsung Electronics Co. Ltd.,
Delphi Technologies PLC,Mitsubishi Alliance, and
Daimler AG.