Turkey Acoustic Vehicle Alerting System (AVAS) Market to be dominated by till 2027
Increasing concerns
regarding pedestrian safety and stringent emission norms are expected to drive
the demand for Turkey Acoustic Vehicle Alerting System (AVAS) Market in the
forecast period, 2023-2027.
According to TechSci Research report, “Turkey Acoustic Vehicle Alerting System
(AVAS) Market By Region, Competition Forecast & Opportunities, 2027”, the Turkey acoustic vehicle alerting system (AVAS) market
is expected to witness significant growth in the forecast period, 2023-2027. An
acoustic vehicle alerting system (AVAS) is a kind of safety device used in electric
vehicles. The noise produced by electric vehicles is much lower than the noise
produced by ICE vehicles. The low noise produced by the electric vehicles makes
it difficult for pedestrians, including impaired people, which is the major
reason for the installation of acoustic vehicle alerting systems in
automobiles. Two-wheelers are highly popular in the country owing to their
competitive prices, easy availability, and low operating costs. Growing
environmental concerns and tax concessions are making the consumers shift
towards e-bikes. The high sales of the four-wheeler and two-wheeler electric vehicles
are expected to drive the demand for the Turkey acoustic vehicle alerting
system (AVAS) market in the coming years.
However, the lack of a sufficient
charging station may restrain the Turkey acoustic vehicle alerting system
(AVAS) market growth over the forecast period.
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data Figures spread through 70 Pages and an in-depth TOC on "Turkey Acoustic Vehicle Alerting System (AVAS) Market"
Turkey acoustic vehicle alerting system (AVAS)
market is segmented into vehicle type, propulsion, demand
category, mounting, regional distribution, and company.
Based on vehicle type, the market is
divided into two-wheeler, passenger car, and commercial vehicle. Commercial
vehicles are expected to account for a significant market share in the forecast
period. Acoustic vehicle altering systems are being encouraged to be installed
in electric vehicles to ensure passenger and pedestrian safety. The Turkish
government is supporting the replacement of a fuel-based bus fleet with
electric buses, which is expected to act as a positive factor for Turkey's
acoustic vehicle alerting system (AVAS) market. Additionally, the growing
popularity of the shared mobility service and the logistics and e-commerce
industry is further expected to fuel the demand for commercial vehicles across
the country.
Based on propulsion, the market is
divided into BEV, PHEV, and FCEV. BEV, which stands for battery electric
vehicle, dominates the market, and is expected to maintain its dominance over
the forecast period. Higher sales of BEV over its counterparts are accelerating
the production and sales of electric vehicles. BEVs are powered by battery
alone and emit very less noise, and acoustic vehicle alerting systems play a
crucial role in ensuring pedestrian safety.
Based on the demand category, the market
is divided into OEM and aftermarket. The OEM segment is expected to capture the
largest market share in the forecast period. Consumers have enhanced trust in
the brand and prefer to invest in the product manufactured by the original
equipment manufacturers. Also, they use advanced manufacturing technologies,
improving the system's performance.
Based on mounting, the market is
bifurcated into integrated and separated. The integrated acoustic vehicle
altering system is expected to witness the fastest incremental growth in the
forecast period. The rise in the integration of acoustic vehicle altering
systems in passenger vehicles drives the segment demand. Also, the increased
production of electric vehicles and light-duty trucks is expected to fuel the
market growth.
Major market players operating in the Turkey
acoustic vehicle alerting system (AVAS) market are:
- Mando Corporation
- DENSO CORPORATION
- Samsung Electronics Co. Ltd.
- Delphi Technologies PLC
- Robert Bosch GmbH
- Harman International Industries
- HELLA Group
- Kufatec GmbH & Co. Kg
- Continental AG
- Texas Instruments
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“European Union made the installation of
an acoustic vehicle altering system compulsory for all-electric and hybrid
vehicles to ensure the safety of pedestrians, which is expected to influence
the market demand positively. European Union has also announced to phase out
the internal combustion vehicles to lower the greenhouse emissions and oil
imports dependence. The changing preference of consumers towards electric
vehicles over fossil fuel-powered vehicles and the growing concerns regarding
road safety is expected to propel the Turkey acoustic vehicle altering system
(AVAS) market growth till 2027” said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
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