Global automotive horn systems market to witness high growth during the forecast period
The global automotive horn systems market is expected to grow at ~8% CAGR during the forecast period, 2021–2027.
Industry News
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- In May 2021, FUSO, a Daimler Trucks brand, partnered with DB Schenker, an international logistics service provider and became the largest electric fleet customer with 41 eCanter in daily operation.
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- In January 2021, VDL Bus & Coach supplied the largest electric bus fleet with the delivery of 102 Citeasfor use in Oslo South in Europe.
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- In May 2020, ZF Friedrichshafen AG acquired WABCO (Switzerland), a commercial vehicle technology supplier. The acquisition enabled the company to expand its commercial vehicle service portfolio and effectively operate its customer business in Switzerland.
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- In December 2019, Optalert announced the availability of its latest driver monitoring software solution Johns Drowsiness Scale (JDS), which provides the most advanced measure of driver’s drowsiness & attentiveness in the automotive market.
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- In December 2019, Robert Bosch developed a new interior monitoring system and a horn system featuring cameras and artificial intelligence, improving driver and passenger safety.
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- In October 2019, Infineon launched a new microcontroller that will address the radar applications for advanced driver assistance systems and automated driving.
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- In May 2019, Tobii AB announced the opening of a new office in Santiago, Chile. The expansion would help the company increase the sale from the Latin America region.
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- In March 2019, Apple acquired Laserlike, a machine learning start-up. Through this acquisition, the former began using the latter’s capabilities to make Siri deliver better personalized results for a user.
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- In September 2018, Valeo signed a Memorandum of Understanding (MoU) with Wabco (Switzerland) to develop the latest active safety technologies for commercial vehicles, which deliver warning & braking systems that protect vulnerable road users in urban environments.
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- In May 2018, Denso launched a retrofittable driver status monitor to help reduce the number of traffic accidents involving commercial vehicles, such as trucks and buses. This monitor detects distractions and drowsiness to improve the safety of drivers.
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- In May 2017, Robert Bosch GmbH signed a multi-year contract with Constellium (France) to supply horn systems and Anti-lock Braking System (ABS) profiles for the automotive industry.
Based on product type, the global automotive horn systems market is divided into air horn and electric horn. The electric horn segment is expected to hold a larger share of the market. The electric horn segment is expected to grow at a faster rate during the forecast period as they are easy to install and can be customized.
Based on horn shape, the global automotive horn systems market is divided into flat, spiral, and trumpet. The flat shape horn segment is expected to hold the largest share of the market share and is expected to grow at the fastest rate during the forecast period. The flat shape horns are smaller in size and are widely installed in motor vehicles.
Based on vehicle type, the automotive horn systems market is segmented into passenger cars and commercial vehicles. The passenger cars segment is predicted to dominate the market during the study period. Passenger cars include hatchbacks, sedans, multi-purpose vehicles (MUVs), and sports utility vehicles (SUVs). Commercial vehicles include lightweight commercial vehicles (LCVs) and heavy commercial vehicles (HCVs).
The key players operating in the global automotive horn systems market are Uno Minda, Robert Bosch, HELLA, Fiamm, Mitsuba Corporation, Maruko Keihoki, Imasen Electric Industrial, Kleinn Automotive, Sun Automobile Co., Ltd., SORL Auto Parts, and Wolo Manufacturing.
This research report provides insights into various levels of analysis, such as industry analysis and market share analysis for the leading industry competitors, along with their profiles. It also helps in studying the target segments by providing views on the emerging and high-growth segments. The market data comprises the basic assessment of the competitive scenarios and strategies in the global automotive horn systems market, including high-growth regions and/or countries and political and economic environments. The project report further provides both – historical market values and pricing and cost analysis.