Electric vehicle sound generator systems generate artificial
sound to alarm pedestrians regarding the presence of electric vehicle and
hybrid vehicles. Electric vehicle sound generators allow pedestrians to
identify silent electric vehicles. A significant part of the demand emerges
from original equipment manufacturers' due to the government rules and
regulation. Due to the characteristic of the electronic devices used in various
types of electric vehicles such as BHEV, BEV and HEV, the sound they make is lesser
or even negligible, particularly when they are driving vehicle at a low speed
of less than 20 KM per hour. Various potential participants
are establishing new partnerships and strategic cooperation with original
equipment manufacturers, which increase the bet on new technologies in the
electric vehicle sound generator market. Furthermore, the auto parts suppliers
are emphasizing on launching technologies which enable automakers to incorporate
custom sound generators. This development has strengthened the intensity of
competition in the electric vehicle sound generator systems market. Increase in the trend of electrification of the
transportation industry is a major propeller for the growth of the electric
vehicle sound generator systems market.
OEMs specifically of passenger vehicles have been obtaining large revenue
gains. The strict enforcement of government regulations concerning to safety of
electric vehicles’ operation has surged the demand for sound generator systems across
automakers. In addition, the rising aftermarket sales in some of the developed countries,
such as in Japan and the U.S., has also boosted the prospects of the electric
vehicle sound generator systems market. Moreover, the surging demand for electric
passenger cars is also the most vital factor projected to drive the demand
for electric vehicle sound generator systems. Equipment of advanced sound
generators in new electric vehicles, especially in hybrids ones, is fueling the
growth of the electric vehicle sound generator systems
market. Among all the segments, OEMs have been tapping huge revenue gains in
recent years. On the other hand, the factors such as high cost of electric
vehicles and sluggish penetration of them will majorly impede the electric
vehicle sound generator systems market
growth.
Growing
number of battery-powered light commercial vehicles has fueled the prospects in
the EV sound generators market. Growing number of financial initiative by
governments from time to time has added momentum to the overall market
expansion.
The
global Electric Vehicle Sound Generator System Market is segregated on the
basis of Type as Hardware Devices and Software System. Based on Application the
global Electric Vehicle Sound Generator System Market is segmented in Electric
Vehicle and Hybrid Vehicles. Based on Sales Channel the global Electric Vehicle
Sound Generator System Market is segmented in Original Equipment Manufacturer
(OEM) and Aftermarket.
The
global Electric Vehicle Sound Generator System Market report provides
geographic analysis covering regions, such as Europe, North America, Asia
Pacific, and Rest of The World. The Electric Vehicle Sound Generator System
Market for each region is further segmented for major countries including the
U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil,
South Africa, and others.
Competitive Analysis
Delphi
Technologies, Denso Corporation, Continental AG, Denso Corporation and others
are among the major players in the global Electric Vehicle Sound Generator
System Market. The companies studied in terms of product strategy and various n
several growth and expansion strategies to gain a competitive edge in the
market. The major players not only follow value chain integration with business
operations in multiple stages of the value chain.
- In January 2017, the Tesla announced that the
SMART AVAS sound generator will be integrated AVAS the synthetic engine sound
generator for electric and hybrid electric vehicle.
- In October 2011, the Delphi's innovative sounder featured a
32-bit microprocessor with flash memory, an audio class-D amplifier and connects
to a vehicle data bus. With this data connection, the 10 x 10 centimeter unit enables
vehicle manufacturers to allow various warning features using one sounder.
- In October 2019, a German automotive part distributor Hella KGaA
Hueck & Co. introduced Acoustic Vehicle Alert System (AVAS).
- In July 2017, producer of electromagnetic components for
industrial and automotive applications Kendrion N.V. introduced external sound
generators which can generate customized engine sounds for electric and hybrid
vehicles.
The global Electric Vehicle Sound Generator System
Market has been segmented as below:
Electric
Vehicle Sound Generator System Market, By Type
- Hardware Devices
- Software System
Electric
Vehicle Sound Generator System Market, By Application
- Electric Vehicle
- Hybrid Vehicles
Electric
Vehicle Sound Generator System Market, By Sales Channel
- Original Equipment Manufacturer
(OEM)
- Aftermarket
Electric
Vehicle Sound Generator System Market, By Region
- Europe
- North America
- Asia Pacific
- Rest of The World
Electric
Vehicle Sound Generator System Market, By Company
- Delphi Technologies
- Denso Corporation
- Continental AG
- Denso Corporation
- HARMAN International
- Nissan Motor Company Ltd.
- Tesla Inc.
- Daimler AG
- Volkswagen AG
- KUFATEC GmbH & Co. KG
- Kendrion N.V.
- Sound Racer
- BMW AG
- Honda Motor Co., Ltd.
- Mando-Hella Electronics Corp.
The
report covers the below scope:
- Global Electric Vehicle Sound
Generator System Market sizes from 2020 to 2026, along with CAGR for 2020-2026
- Market size comparison for 2019 vs
2026, with actual data for 2019, estimates for 2019 and forecast from 2020 to
2026
- Global Electric Vehicle Sound
Generator System Market trends, covering comprehensive range of consumer trends
& manufacturer trends
- Value chain analysis covering
participants from raw material suppliers to the downstream buyer in the global Electric
Vehicle Sound Generator System Market
- Major market opportunities and
challenges in forecast timeframe to be focused
- Competitive landscape with analysis
on competition pattern, portfolio comparisons, development trends and strategic
management
- Comprehensive company profiles of
the key industry players
The
years considered for the study are as follows:
- Base year - 2019
- Estimated year - 2019
- Projected year - 2020
- Forecast period - 2021 to 2026
Report
Scope:
The global Electric Vehicle Sound Generator System
Market report scope includes detailed study covering underlying factors
influencing the industry trends. The report covers analysis on regional and
country level market dynamics. The scope also covers competitive overview
providing company market shares along with company profiles for major revenue
contributing companies. The report scope includes detailed competitive outlook
covering market shares and profiles key participants in the global Electric
Vehicle Sound Generator System Market share. Major industry players with
significant revenue share include Delphi Technologies, Denso Corporation, Continental
AG, Denso Corporation, HARMAN International and others.
Why to
Buy this Report:
- Gain detailed insights on the Electric Vehicle Sound Generator System industry trends
- Find complete analysis on the
market status
- Identify the Electric Vehicle Sound
Generator System Market opportunities and growth segments
- Analyse competitive dynamics by
evaluating business segments & product portfolios
- Facilitate strategy planning and
industry dynamics to enhance decision making
Target
Audience:
- The report targeted towards the existing players in
the industry is as follows:
- Market Manufacturers/Service
Providers
- Market Wholesale/Traders
- Investment and Financial
Institutions
Free
and Paid Customization based on the requirement