Turkey acoustic vehicle alerting system
(AVAS) market is anticipated to grow at a steady CAGR during the forecast
period, 2023-2027. Factors such as an increase in installation of acoustic
vehicle alerting systems in commercial vehicles and passenger cars and
favorable government mandate for implementing acoustic vehicle altering systems
are the primary factors driving the demand for the Turkey acoustic vehicle
alerting system (AVAS) market. The rise in efforts by original equipment
manufacturers to develop safe and high-performance electric vehicles in the
country is further expected to propel the growth of the Turkey acoustic vehicle
alerting system (AVAS) market over the forecast period.
Increased Production and Sales of
Electric Vehicles Drives the Market Demand
According to the data obtained from
Automotive Distributors Association (ODD), electric vehicle sales increased by
243.9% to 1,073 units in the period between January-March. Due to the growing
environmental concerns and the need to reduce carbon emissions, the government
is supporting the sales of electric vehicles. Automotive market players are
lowering the production of diesel-powered vehicles, which has resulted in lower
sales of diesel-engine powered vehicles. Electric vehicle manufacturers are
investing in research and development activities to find innovative solutions
to advance the battery technology and manufacturing processes. Gasoline prices
doubled in the past year, meaning that vehicle owners need to invest
substantial amounts of their income in the daily commute. The growing gasoline
prices are accelerating the sales of electric vehicles within the country.
Currently, there are around 4,000 charging stations across Turkey, and 1,500
are privately owned. Consumers have increased demand for setting up charging
stations in homes and offices to cope with the high prices of petroleum and
other products. Turkey started its domestic electric car project Turkey’s
Automobile Joint Venture Group (TOGG), at the end of December 2019 to support
the domestic production of electric vehicles. Therefore, the increased sales of
electric vehicles and domestic production and the need to install an acoustic
vehicle alerting system are expected to boost the market demand over the
forecast period.
Favorable Government Policies Supports
the High Market Growth
The Turkish government is supporting the
adoption of electric vehicles in the country. To promote the sales of electric
vehicles, they are making efforts to develop charging infrastructure across the
country. Industry and Technology Ministry will allocate funds worth 20 million
Turkish Liras to grant support for 75% of the charging station investments,
which is expected to fuel the sales of electric vehicles across the country in
the coming years. Turkey’s Automobile Initiative Group with Tesla is planning
to enter the market from the end of the year. Leading authorities are working
to make Turkey a global hub for electric vehicle production. European
Commission proposed a 100% cut in CO2 emissions by 2035. Turkey has made a
trade agreement with European Union and is a major producer of cars sold in
Europe. Thus, the massive demand for electric vehicles and stringent emission
norms are expected to influence the demand for the acoustic vehicle alerting
system (AVAS) market in the forecast period.
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Market Segmentation
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.
Based on propulsion, the market is divided into BEV, PHEV, and FCEV. Based on demand
category, the market is divided into OEM and aftermarket. Based on mounting,
the market is bifurcated into integrated and separated. Turkey acoustic
vehicle alerting system (AVAS) market is studied in major regions namely Marmara,
Central Anatolia, Aegean, Mediterranean, Black Sea, South-Eastern Anatolia,
Eastern Anatolia.
Market Players
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, are the major market players operating in
the Turkey acoustic vehicle alerting system (AVAS) market.
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Attribute
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Details
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Base Year
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2021
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Historic Data
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2017 –
2020
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Estimated Year
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2022
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Forecast Period
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2023
– 2027
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Quantitative Units
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Revenue in USD Million, Volume in Units, and CAGR for 2017-2021
and 2022-2027
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Report coverage
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Revenue forecast, volume forecast, company share, competitive
landscape, growth factors, and trends
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Segments covered
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·
Vehicle Type
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Propulsion
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Demand Category
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Mounting
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Regional scope
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Marmara, Central Anatolia, Aegean, Mediterranean, Black Sea, South-Eastern
Anatolia, Eastern Anatolia
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Key companies profiled
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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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Customization scope
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10% free report customization with purchase. Addition or
alteration to regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet your exact research
needs. Explore purchase options
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Delivery Format
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PDF and
Excel through Email (We can also provide the editable version of the report
in PPT/Word format on special request)
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Report Scope:
In this report, Turkey acoustic vehicle
alerting system (AVAS) market has been segmented into following categories, in
addition to the industry trends which have also been detailed below:
- Turkey Acoustic Vehicle Alerting System
(AVAS) Market, By Vehicle Type:
- Two-Wheeler
- Passenger Car
- Commercial Vehicle
- Turkey Acoustic Vehicle Alerting System (AVAS) Market, By Propulsion:
- Turkey Acoustic Vehicle Alerting System (AVAS) Market, By Demand Category:
- Turkey Acoustic Vehicle Alerting System (AVAS) Market, By Mounting:
- Turkey Acoustic
Vehicle Alerting System (AVAS) Market, By Region:
- Marmara
- Central Anatolia
- Aegean
- Mediterranean
- Black Sea
- South-Eastern Anatolia
- Eastern Anatolia
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in Turkey acoustic vehicle alerting
system (AVAS) market.
Available Customizations:
With the given market data, TechSci Research offers
customizations according to a company’s specific needs. The following
customization options are available for the report:
Company
Information
- Detailed analysis and profiling of
additional market players (up to five).
Turkey acoustic vehicle alerting system
(AVAS) market is an upcoming report to be released soon. If you wish an early
delivery of this report or want to confirm the date of release, please contact
us at [email protected]