The Acoustic Vehicle Alerting System (AVAS) Market emerges as a pivotal player, dedicated to enhancing pedestrian safety and reducing traffic accidents. AVAS employs sound-emitting devices to alert pedestrians and cyclists of an approaching electric or hybrid vehicle, mitigating the risks associated with silent-running electric engines. Market Drives: Growing Electric Vehicle Adoption: The...

The global electric vehicle market size is expected to reach USD 8,851.04 billion by 2030, growing at a CAGR of 33.6% from 2024 to 2030, according to the recent reports of Grand View Research, Inc. Growing emphasis on environmental sustainability and the need to reduce greenhouse gas emissions is propelling the growth of the electric vehicle (EV) market. Governments across the nations are...