Automotive Horn Systems Market Overview
Automotive Horn
Systems Market Information By Product Type, Horn Shape,
Vehicle Type, and Region - Forecast till 2030”, The automotive horn systems
market will touch a significant valuation by 2030, expanding at an approximate
rate of 8.85% from 2022 to 2030.
Automotive Horn Systems Market Scope
The term
"automotive horn" refers to an alerting device that is permanently
installed in vehicles such as buses, cars, trucks, and more. A car's horn can
alert nearby cars or pedestrians of the vehicle's approach.
These technologies
assist in warning pedestrians when a vehicle is approaching. Through the
production of a sound and a warning of the vehicle's presence, it lowers and
eliminates the possibility of the driver becoming distracted. By making nearby
cars and pedestrians aware of your presence, you can avoid a collision.
Get Free Sample Report of Automotive Horn
Systems Market
Automotive Horn Systems Market Competitive Landscape:
The major vendors in the automotive horn systems industry are
·
Uno Minda (India)
·
Robert Bosch (Germany)
·
HELLA (Germany)
·
Fiamm (Italy)
·
Mitsuba Corporation (Japan)
·
Maruko Keihoki (Japan)
·
Imasen Electric Industrial (Japan)
·
Kleinn Automotive (US)
·
Sun AutomobileCo. Ltd. (US)Market USP
Covered:
Market Drivers:
With the emergence of effective connected vehicle
technologies, autonomous vehicles, and the Internet of Things (IoT), redundant components
and designs have undergone significant changes to easily adapt and enhance the efficiency
of the vehicle. At the same time, as one of the most important integral
components of vehicles, automotive horn systems have come a very long way from being
just pedestrian hand-operated systems to automated inbuilt electric horns offering
the same functions of alerting approaching vehicles while warning pedestrians.
With innovations in automotive horn systems,
the extremely high decibel sound has now mellowed down to a soft yet audible
honk, which is more than enough to warn about a perceived emergency. An
extensive series of air horns with customizable sounds are also in demand by
motorists as well as enthusiasts worldwide. Automotive horns have a relatively higher
frequency as well as intensity that can be detected from quite far. The booming
sales of automobiles have propelled the need for automotive horn systems.
Market Restraints:
Owing to rigid environmental
norms along with the heightened preference for vehicles with higher fuel
efficiency, automotive developers are opting for lighter components to bring
down the weight, which can help cater to the demand for lower emissions as well
as better mileage. Tier II developers and suppliers are coming up with low-weight
raw materials via technological advances without compromising the structural
strength of these components. But owing to intense competition with respect to pricing,
motor developers are not able to focus entirely on the customers’ needs.
COVID 19 Analysis
Since the
COVID-19 pandemic's onset, the market for car horn systems has experienced a
sharp drop. Globally, and especially in places like Europe and North America,
the epidemic has had a negative impact on a variety of enterprises.
Given the
unfavourable circumstances and economic crisis, the pandemic has had a
significant impact on the transportation and automotive industries. While the
government has curtailed many of the manufacturing production activities,
businesses are closing operations and production facilities to stop the virus
from spreading further. As a result, the majority of the key end-use sectors
have seen a decrease in the demand for and consumption rate of automobile horn
systems.
Market
Segmentation
By Product Type
Depending on product type, the automotive
horn systems market caters to air horns as well as electric horns. The electric
horn category will be the leading product type in the future while accumulating
a faster growth rate since these can be customized and are easy to install.
By Horn Shape
With respect to horn shape, the market can
be classified into spiral, trumpet and flat. The flat shape horn segment will
take the lead in the years ahead, and can thrive at the fastest rate as well. Flat
shape horns are compact and are extensively installed in motor vehicles.
By Vehicle Type
In terms of vehicle type, the worldwide market
for automotive horn systems has been considered for passenger cars along with commercial
vehicles. The passenger cars segment can expect to dominate the global market.
Passenger cars like sedans, hatchbacks, sports utility vehicles (SUVs), and multi-purpose
vehicles (MUVs) are in high demand among consumers worldwide. Commercial
vehicles like heavy commercial vehicles (HCVs) and lightweight commercial
vehicles (LCVs) also make use substantial use of a variety of horn systems.
Regional Insights
North America, divided into Canada, Mexico
and the US, will record substantial growth between 2020 and 2027. The market
expansion in the region is the result of the surging use of EVs which raises
the production rate of automotive horn systems. In the region, attractive
incentives by the government to popularize electric horn systems and high investments
by auto developers can fuel the market demand. Other than this, strict emission
norms, the availability of several hybrid models along with the rising
preference for premium EVs will mean significant revenue generation in the
coming years.
The European automotive horn systems market, especially in Italy,
Germany, the UK, and France is will be expanding on the back of the surging production
as well as recovering sales of different vehicles. The automotive horn systems
market in the UK can rise in line with the booming sales of electric and hybrid
vehicles. The improving sales of light commercial vehicles could further
elevate the revenue generation of the automotive horn systems market. The Western
Europe market can note significant growth in the years to come, with solid
backing from Italy and Germany, as the demand for automotive horn systems continues
to mount rapidly in this part of the region.
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