Exploring the Growth of the Global AVAS Market: Insights and Projections for 2023–2033
The Global AVAS Market Size is expected to reach USD 6.7 Billion By 2033, at a CAGR of 11.28% during the forecast period 2023 to 2033. The Acoustic Vehicle Alerting System (AVAS) market is experiencing significant growth driven by increasing safety regulations and the rise in electric vehicle (EV) adoption. AVAS is designed to enhance pedestrian safety by emitting sound at low speeds, alerting individuals to the presence of otherwise silent EVs.