Automotive horns are alerting devices installed in the automobiles of various sizes for warning other vehicles on highways and freeways. It can prevent distractions of drivers using soft sounds and implemented in all vehicles. MRFR’s report on the automotive horn market outlines drivers and opportunities for the forecast period (2022-2030). The sudden outbreak of the COVID-19 pandemic and its cascading effects on the industry are explored below.
Automotive Horn Market Scope
The global automotive horn market can generate revenues at 8.85% CAGR during the forecast period.
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Strict Noise Pollution Norms to Drive Market Demand
The implementation of stringent norms by global regulatory bodies such as the Federal Motor Vehicle Safety Standard on the automotive industry regarding safety concerns of customers are also anticipated to augment the automotive horn systems market.
Surge in new automotive vehicles is expected to propel the automotive horn systems market during the forecast period. Customized designs of automotive horns and the frequency and intensity of the sound and its interchanging nature, can drive the automobile horn industry.
Connected Vehicles to Push Market Growth
Smart homes can utilize automotive horn solutions for controlling heating, electrical, cooling, and light appliances. They can increase comfort and usability while managing the ambience of rooms through a centralized remote. Moreover, it can enhance the security of homes by enabling floodlights and security illuminations at breach points. The COVID-19 pandemic has propelled the demand for smart lights by providing a safe space for work in homes and workstations.
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Risk of Noise Pollution to Impede Market Growth
The huge developing costs of horns as well as saturated markets of developed economies of U.S., Canada, Japan, Germany, and France can impede market growth. Limited lifecycle of horns as well as its impact on battery life can pose a challenge to market growth.
Automotive Horn Market COVID-19 Impact
The COVID-19 pandemic can disrupt production of horns and other car accessories owing to shutdown of facilities. Noise emission regulations as well as noise limits in crowded urban spaces can drive the market growth during the period.
Automotive Horn Market Segmentation Analysis
Electric Horns to Drive Market Demand
By product type, the automotive horn systems market is divided into air horn and electric horn. The electric horn segment is expected to hold the larger share of the global market. They are easy to install and can be customized.
Flat Shape Horns to Rule Global Automotive Horn Market Growth
Based on horn shape, the global market is segmented into flat, spiral, and trumpet. The flat shape horn segment is expected to hold the largest share of the market share and it 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.
Passenger Vehicles to Command Major Market Share
By vehicle type, the automotive horn systems market is divided into passenger cars and commercial vehicles. The passenger cars segment is expected to lead the market during the forecast period. Passenger cars include sedans, hatchbacks, multi-purpose vehicles (MUVs), and sports utility vehicles (SUVs). Commercial vehicles include lightweight commercial vehicles (LCVs) and heavy commercial vehicles (HCVs).
Automotive Horn Market Regional Analysis
APAC to Display Highest CAGR
Asia-Pacific (APAC) is estimated to display a strong growth rate owing to adoption of horns and increased production of vehicles. The boom for vehicles in South Korea, Japan, China, and India coupled with noise emission laws can drive demand for horns. Efforts to prevent accidents and speed limits on highways can provide opportunities to the market.
Latin America to be Lucrative by 2027
Latin America is expected to be highly lucrative owing to inclination towards premium cars and improved living standards of customers.
Automotive Horn Market Competitive AnalysisUno 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) SORL Auto Parts (China) Wolo Manufacturing (US)
The Indian government is planning to mandate development of horns with Indian musical sounds in a new way to rein noise pollution levels.
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