Asia-Pacific Automotive Horn Systems Market Overview
Asia-Pacific
Automotive Horn Systems Market Information By Product
Type, Horn Shape, Vehicle Type, and Region - Forecast till 2032”, The Asia-Pacific
Automotive Horn Systems Market will touch a significant valuation by 2032,
expanding at an approximate rate of 9.1% from 2023 to 2032.
Asia-Pacific 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.
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Automotive Horn Systems Market
Asia-Pacific 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 Asia-Pacific
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 Asia-Pacific 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 Asia-Pacific 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 Asia-Pacific 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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