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The global market for acoustic vehicle alerting systems was valued at about USD 33 Million in 2017 and is estimated to be more than USD 214 Million by the end of the assessment period.The growth of global acoustic vehicle alerting systems market can be primarily be attributed to the stringent regulations mandated by the governments across the globe to curb the possibility of accidents caused due to low sound of electric vehicles.

For instance, the European Union has a new directive requiring all new electric and hybrid vehicles to give a sound warning to pedestrians when traveling at speeds below 12 mph by 2021.Request a sample of this premium report at: https://www.marketresearchfuture.com/sample_request/8161Prominent PlayersThe Prominent Players in the global acoustic vehicle alerting systems market are Denso Corporation (Japan), HARMAN International (US), Delphi Technologies (UK), Daimler AG (Germany), Volkswagen AG (Germany), BMW AG (Germany), Honda Motor Co., Ltd (Japan), Nissan Motor Corporation (Japan), MANDO-HELLA Electronics Corp. (South Korea), and KUFATEC GmbH & Co. KG (Germany)Intended AudienceElectric vehicle OEMsEV infrastructure providersGovernment bodiesScope of the ReportThis study provides an overview of the global acoustic vehicle alerting systems market, tracking two market segments across four geographic regions.

The report studies key players and provide a six-year annual trend analysis, which highlights market size, volume, and share for North America, Europe, Asia-Pacific, and the Rest of the world.

The report also provides a forecast, which focuses on the market opportunities for the next six years for each region.

The scope of the study segments the global acoustic vehicle alerting systems market by vehicle type, sales channel, and region.Regional Analysis:Geographically, the global acoustic vehicle alerting systems market has been segmented into four major regions, which are North America, Europe, Asia-Pacific, and the Rest of the world.

The electric vehicle market in North America is expected to dominate the global acoustic vehicle alerting systems market through the forecast period, owing to stringent norms regulated by the government for pre-mounting of noisemaking devices in EVs and hybrid cars during the manufacturing process.

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This research study will keep marketer informed and helps to identify the target demographics for a product or service.Request a FREE Sample Copy of Global Automotive Acoustic Material Market Report with Full TOC At: https://www.valuemarketresearch.com/contact/automotive-acoustic-material-market/download-sampleBy ProductABSFiberglassPPPUPVC & TextileOthersBy ComponentArch LinerDashFender & Floor InsulatorDoorHead & Bonnet LinerEngine CoverTrunk TrimParcel TrayOthersBy ApplicationUnderBody & Engine Bay AccountInterio Cabin AcousticTrunk Panel AcousticBy Vehicle typePassenger carLight Commercial VehicleHeavy Commercial VehicleThe research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.

The major players in the Automotive Acoustic Material market include Dowdupont, BASF, 3M, Covestro, and Henkel.

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Due to the burgeoning requirement for electric vehicles (EVs), falling costs of acoustic vehicle alerting system (AVAS) components, and implementation of mandatory regulatory compliances in several countries, the global acoustic vehicle alerting system market revenue is predicted to rise to $10,578.8 million by 2030.

Furthermore, the market will advance at a CAGR of 11.9% from 2020 to 2030 (forecast period), as per the estimates of the market research company, P Intelligence.The surging sales of electric vehicles is a major growth driver for the market.

In 2019, the size of the worldwide electric car fleet surpassed 7.1 million units, recording an increment of over 2 million from the number of cars that were in operation in 2018. and it is predicted to rise above 130 million by 2030.

The mushrooming adoption of electric vehicles is attributed to the growing public awareness about the rapid environmental degradation caused due to the extensive usage of gas and oil-powered vehicles and the increasing government support being provided for the development and procurement of these vehicles in many countries.Due to the falling cost of these components, the overall price of AVASs will decline, which will subsequently fuel their sales and production in the coming years.

Depending on propulsion, the acoustic vehicle alerting system market is classified into plug-in hybrid electric vehicle (PHEV), fuel cell electric vehicle (FCEV), and battery electric vehicle (BEV).

Out of these, the BEV category is predicted to hold the largest share in the market during the forecast period.This is credited to the rising government support being provided for the manufacturing of these vehicles, due to their eco-friendliness.

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This research report on Vehicle NVH Material Market entails an exhaustive analysis of this business space, along with a succinct overview of its various market segments.

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the Vehicle NVH Material market is also classified based on the types of services or products, end-user, application segments, regions, and Others.Avail the FREE Sample Copy of Vehicle NVH Material Market Report @ https://www.indexmarketsresearch.com/report/global-vehicle-nvh-material-market-7/437408/#requestforsampleThe Global Vehicle NVH Material Market has noticed persistent development in the past few years and is projected to grow even further during the forecast period (2020-2026).

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)* Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)Competitive LandscapeThe Global Vehicle NVH Material Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as 3M, BASF, Bayer MaterialScience, Borealis, BSW, Celanese, Dow, DuPont, Huntsman, Recticel, Anand NVH Products, Assan Hanil, Avon Group, Borgers, CTA Acoustics, Eagle Industries, Eastman Chemical, ExxonMobil Chemical, Fagerdala World Foams, Henkel Teroson India, Hutchinson, International Automotive Components, Johns Manville, Lanxess, MBM Resources Berhad, Mitsui Chemicals, Nitto Denko, Owens Corning, Roush Industries, Soucy Baron.

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According to Market Research Future (MRFR), The global acoustic vehicle alerting systems market is estimated to witness a CAGR of 12% from 2019 to 2025 (forecast period).

The report discusses the strengths, opportunities, threats, and potential business risks and offers a detailed analysis of the global market situation with the effect of COVID-19.Market DynamicsThe growth of the global acoustic vehicle alerting systems market can mainly be attributed to the strict regulations imposed by governments across the globe to curb the risk of accidents induced by electric vehicles' low sound.

For example, the European Union has a new regulation requiring all new electric and hybrid vehicles to alert pedestrians when traveling at speed below 12 mph by 2021.

Likewise, in the US, the National Highway Safety Administration (NHTSA) mandated to require all electric and hybrid vehicles to emit sound while traveling up to 18.6 mph by September 2020.Moreover, governments around the world, including the United States, the United Kingdom, India, and China, are taking steps to raise awareness about the use of electric vehicles to mitigate adverse environmental impacts and foreign exchange reserves.

For illustration, the Government of India has launched the National Electric Mobility Mission Plan (NEMMP) 2020, with the goal of achieving national fuel security by encouraging the use of electric vehicles in the country.

Likewise, the European Commission initiated ‘Green eMotion’ project worth EUR 41.8 million (USD 47.22 million) intending to achieve technical optimization and the growth of the EV industry.

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