The Automotive Horn Systems Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Automotive Horn Systems Global Market Report 2024, The automotive horn systems market size is expected to see strong growth in the next few years. It will grow to $1.11 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%. The growth in the forecast period can be attributed to rising demand for advanced driver assistance systems (ADAS), growth in the automotive industry in emerging markets, increasing focus on pedestrian safety regulations, growth in automotive aftermarket sales, rising demand for safety features in vehicles. Major trends in the forecast period include adoption of electric and hybrid vehicles, integration of smart horn systems with vehicle safety, advancements in acoustic design, advancements in materials technology, advancements in horn sensor technology.
The increasing preference for luxury cars is expected to propel the growth of the automotive horn systems market going forward. Luxury cars are premium vehicles that provide exceptional comfort, performance, advanced technology, and high-quality materials. A combination of increasing disposable incomes drives the demand for luxury cars, including the desire for status, prestige, and advancements in technology and performance. Automotive horn systems support luxury cars by delivering top-notch sound quality, reliability, and seamless integration with the car’s safety and communication systems, enhancing functionality and the overall driving experience. For instance, in September 2023, according to the International Energy Outlook 2023 report by the US Energy Information Administration (EIA), a US-based government agency, in the second quarter of 2023, luxury vehicles accounted for 18% of all new vehicle sales, an increase from 14% in 2020. Therefore, increasing preference for luxury cars is driving the growth of the automotive horn systems market.
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The automotive horn systems market covered in this report is segmented –
1) By Product: Air Horn, Electric Horn
2) By Horn Shape: Flat, Spiral, Trumpet
3) By Vehicle Type: Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle
4) By Sales Channel: Original Equipment Manufacturer (OEM), Aftermarket
Major companies operating in the automotive horn systems market are developing innovative products, such as the trumpet horn, to enhance sound quality, durability, and aesthetic appeal. Trumpet horns are automotive horns known for their loud, resonant sound resembling a trumpet, offering robust output chosen by vehicle owners for attention-grabbing alerts. For instance, in April 2024, Uno Minda Limited, an India-based auto parts manufacturing company, launched the C80 trumpet horn, which integrates advanced European technology, offering car owners high-quality sound with over 105 decibels of output. It is compatible with various car models, marking a significant advancement in the automotive aftermarket and enabling it to meet growing market demands.
The automotive horn systems market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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