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Stock impact report

AVAS Market worth USD 1.7 billion by 2030| MarketsandMarkets [Yahoo! Finance]

Gogoro Inc. - Ordinary Shares (GGR) 
Company Research Source: Yahoo! Finance
The AVAS market is driven by the increasing adoption of electric and hybrid vehicles, which are quieter than traditional internal combustion engine vehicles and require AVAS to ensure pedestrian safety. Regulatory mandates from governments and international bodies, such as the European Union's requirement for all new electric and hybrid vehicles to include AVAS, significantly boost market growth. The demand for advanced vehicular safety technologies, including AVAS, is also rising with the growth of urbanization and smart city initiatives. Additionally, technological advancements in sound engineering and artificial intelligence facilitate the development of more sophisticated and customizable alerting systems. The widespread adoption of AVAS is further driven by rising awareness about road safety and the focus on reducing traffic accidents involving vulnerable road users like pedestrians and cyclists. Download an Illustrative overview: https://www.marketsandmarkets.com/pdfdownloadNe Show less Read more
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