The acoustic vehicle alerting systems market is expected to grow at a promising CAGR of 11.7% during the forecast period.
Strict emission norms, paired with government support in the form of tax rebates, grants, and subsidies, as well as other non-financial benefits to promote and accelerate EV adoption, are expected to drive the recovery and growth of the acoustic vehicle alerting systems market. Furthermore, with increasing personal disposable income, the demand for both passenger and commercial vehicles is growing.
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