Market Forecast By Electric Two-Wheeler (E-Scooter/Moped, E-Motorcycle), By Sales Channel (OEM, Aftermarket), By Mounting Position (Integrated, Separated) And Competitive Landscape
| Product Code: ETC4578833 | Publication Date: Jul 2023 | Updated Date: Dec 2024 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
| Report Name | Egypt Acoustic Vehicle Alerting System Market |
| Forecast period | 2025-2031 |
| CAGR | 25.3% |
| Growing Sector | Automotive Sector |
Egypt Acoustic Vehicle Alerting System Market report thoroughly covers the market by electric two-wheeler, by sales channel, and by mounting position. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Egypt AVAS market refers to an acoustic signal that alerts nearby pedestrians and other drivers that an electric vehicle (EV) has arrived. It is a device that creates a sound like a gasoline-powered car's engine, creating a more familiar noise that people may recognize. The purpose of this acoustic signal is to increase the safety of pedestrians who may not hear the silent electric vehicle. The equipment required for AVAS systems is comprised of a speaker, a control unit, and a software system.
According to 6Wresearch, the Egypt Acoustic Vehicle Alerting System Market size is expected to be around 25.3% during the forecast period 2025-2031. The government of Egypt has been aggressively promoting the adoption of EVs by offering incentives like tax waivers and subsidies for the manufacturers of EVs. This initiative is creating a driving force for the growth of the AVAS market as the installation of the system is a legal requirement for all EV manufacturers wishing to sell their cars in Egypt. As the use of EVs continues to grow steadily, the demand for the acoustic system will increase, driving growth in this sector. Additionally, With the continuing growth of the global EV market, AVAS systems are emerging trends and a critical component of EVs. More and more automakers are installing this system in their vehicles, and they are customizing the sound effects for their brands. With the rise of electric cars, we can expect to see a surge in the use of AVAS systems in Egypt as well is estimated to surge the growth of the Egypt Acoustic Vehicle Alerting System industry.
Egyptian government has realized the importance of EVs' adoption and has introduced many policies and initiatives to drive this sector. The Ministry of Environment has also set a standard in EVs and launched programs to increase environmental awareness and the use of cleaner energy. The government's role in SVAS has been significant as it has made it mandatory for all EVs to install this system for the safety and convenience of the public.
As the Egypt AVAS market grows, many local and international players are investing in this trend. Key players in the market include Delphi Automotive PLC, Volkswagen, BMW Group, Nissan Motor Co. Ltd., Robert Bosch GmbH, Hyundai Motor Company, Mercedes Benz, and others.
Egypt Acoustic Vehicle Alerting System Market is estimated to surge with some ongoing opportunities. The market's potential can also be leveraged to create a new industry with the government's aid, opening up new job opportunities in the sector. The introduction of new regulations for AVAS may also provide opportunities for suppliers to provide their expertise and equipment in developing this emerging market.
According to Dhaval, Research Manager, 6Wresearch, OEM sales channel is leading the way. With premium pricing, steady sales volumes, and access to the growing electric vehicle market, OEM sales offer significant advantages to AVAS manufacturers. As automakers increasingly adopt regulations mandating the use of AVAS systems in their electric vehicle models.
Based on the mounting position, integrated mounting position as the only growing trend in Egypt's AVAS market. The advantages of integrated mounting position outweigh those of a separate mounting position, including improved efficiency, cost savings, and durability.
The report offers a comprehensive study of the subsequent market segments:
| 1 Executive Summary |
| 2 Introduction |
| 2.1 Key Highlights of the Report |
| 2.2 Report Description |
| 2.3 Market Scope & Segmentation |
| 2.4 Research Methodology |
| 2.5 Assumptions |
| 3 Egypt Acoustic Vehicle Alerting System Market Overview |
| 3.1 Egypt Country Macro Economic Indicators |
| 3.2 Egypt Acoustic Vehicle Alerting System Market Revenues & Volume, 2021 & 2031F |
| 3.3 Egypt Acoustic Vehicle Alerting System Market - Industry Life Cycle |
| 3.4 Egypt Acoustic Vehicle Alerting System Market - Porter's Five Forces |
| 3.5 Egypt Acoustic Vehicle Alerting System Market Revenues & Volume Share, By Electric Two-Wheeler, 2021 & 2031F |
| 3.6 Egypt Acoustic Vehicle Alerting System Market Revenues & Volume Share, By Sales Channel, 2021 & 2031F |
| 3.7 Egypt Acoustic Vehicle Alerting System Market Revenues & Volume Share, By Mounting Position, 2021 & 2031F |
| 4 Egypt Acoustic Vehicle Alerting System Market Dynamics |
| 4.1 Impact Analysis |
| 4.2 Market Drivers |
| 4.3 Market Restraints |
| 5 Egypt Acoustic Vehicle Alerting System Market Trends |
| 6 Egypt Acoustic Vehicle Alerting System Market, By Types |
| 6.1 Egypt Acoustic Vehicle Alerting System Market, By Electric Two-Wheeler |
| 6.1.1 Overview and Analysis |
| 6.1.2 Egypt Acoustic Vehicle Alerting System Market Revenues & Volume, By Electric Two-Wheeler, 2021 - 2031F |
| 6.1.3 Egypt Acoustic Vehicle Alerting System Market Revenues & Volume, By E-Scooter/Moped, 2021 - 2031F |
| 6.1.4 Egypt Acoustic Vehicle Alerting System Market Revenues & Volume, By E-Motorcycle, 2021 - 2031F |
| 6.2 Egypt Acoustic Vehicle Alerting System Market, By Sales Channel |
| 6.2.1 Overview and Analysis |
| 6.2.2 Egypt Acoustic Vehicle Alerting System Market Revenues & Volume, By OEM, 2021 - 2031F |
| 6.2.3 Egypt Acoustic Vehicle Alerting System Market Revenues & Volume, By Aftermarket, 2021 - 2031F |
| 6.3 Egypt Acoustic Vehicle Alerting System Market, By Mounting Position |
| 6.3.1 Overview and Analysis |
| 6.3.2 Egypt Acoustic Vehicle Alerting System Market Revenues & Volume, By Integrated, 2021 - 2031F |
| 6.3.3 Egypt Acoustic Vehicle Alerting System Market Revenues & Volume, By Separated, 2021 - 2031F |
| 7 Egypt Acoustic Vehicle Alerting System Market Import-Export Trade Statistics |
| 7.1 Egypt Acoustic Vehicle Alerting System Market Export to Major Countries |
| 7.2 Egypt Acoustic Vehicle Alerting System Market Imports from Major Countries |
| 8 Egypt Acoustic Vehicle Alerting System Market Key Performance Indicators |
| 9 Egypt Acoustic Vehicle Alerting System Market - Opportunity Assessment |
| 9.1 Egypt Acoustic Vehicle Alerting System Market Opportunity Assessment, By Electric Two-Wheeler, 2021 & 2031F |
| 9.2 Egypt Acoustic Vehicle Alerting System Market Opportunity Assessment, By Sales Channel, 2021 & 2031F |
| 9.3 Egypt Acoustic Vehicle Alerting System Market Opportunity Assessment, By Mounting Position, 2021 & 2031F |
| 10 Egypt Acoustic Vehicle Alerting System Market - Competitive Landscape |
| 10.1 Egypt Acoustic Vehicle Alerting System Market Revenue Share, By Companies, 2024 |
| 10.2 Egypt Acoustic Vehicle Alerting System Market Competitive Benchmarking, By Operating and Technical Parameters |
| 11 Company Profiles |
| 12 Recommendations |
| 13 Disclaimer |