Automotive Horn Systems Market Overview
Automotive Horn
Systems Market Information By Product Type, Horn Shape, Vehicle Type, and
Region - Forecast till 2032”, The Automotive Horn Systems Market will touch a
significant valuation by 2032, expanding at an approximate rate of 9.1% from
2023 to 2032.
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.
The automotive horn systems market is characterized by advanced technologies aimed at enhancing safety
and communication on the road. Known for its strict safety standards, Japan’s
automotive industry is focusing on improving the design and performance of horn
systems, ensuring they meet regulatory requirements while delivering superior
sound quality. The market also emphasizes the development of compact and
energy-efficient horn systems for electric and hybrid vehicles.
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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