Turkey Acoustic Vehicle Alerting System (AVAS) Market by Vehicle Type (Two-Wheeler, Passenger Car, Commercial Vehicle), By Propulsion (BEV, PHEV, FCEV), By Demand Category (OEM, Aftermarket), By Mounting (Integrated, Separated), By Region, Competition Forecast & Opportunities, 2027

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.

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:
• BEV
• PHEV
• FCEV
• Turkey Acoustic Vehicle Alerting System (AVAS) Market, By Demand Category:
• OEM
• Aftermarket
• Turkey Acoustic Vehicle Alerting System (AVAS) Market, By Mounting:
• Integrated
• Separated
• 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).

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