Global Electric Vehicle Sound Generators Market To Record Lucrative Growth With US$ 284.7 Million By 2027

January 2022 | Report Format: Electronic (PDF)

Electric vehicle demand is a critical factor driving the adoption of electric vehicle sound generators. In comparison to conventional vehicles, electric vehicles have several advantages, including zero-emission of harmful gases, reduced noise generation, and improved fuel efficiency. Furthermore, governments in various regions are supporting the growth of electric vehicles by taking initiatives and striving to reduce air pollution by enacting rules governing the use of conventional vehicles. They are also encouraging the use of hybrid vehicles by providing owners with a variety of incentives and subsidies. For example, the Chinese government offers customers a subsidy ranging from US$ 6,750 to US$ 14,000 for the purchase of a hybrid or electric vehicle, depending on the size of the battery pack.

According to market estimates, the global electric vehicle sound generator market will grow at a CAGR of XX between 2021 and 2027. The most obvious advantage of creating sounds for electric vehicles is safety. The government of the United States has asked automakers to comply with new regulations requiring external EV sound signatures by 2020, and similar regulations exist in Europe and Japan. As a result, the global market for electric vehicle sound generators for OEM appears to be promising, with North America and Japan leading the way. Furthermore, battery costs and EV prices are falling. If current trends continue, electric vehicles will be cost-competitive with gasoline vehicles over their lifetime, implying that the electric vehicle sound generator market has significant growth potential.

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Electric Vehicle Sound Generators Market Report Highlights

• In October 2020, BorgWarner Inc. completed acquisition of Delphi Technologies and is expected to strengthen BorgWarner’s electronics and power electronics products, capabilities and scale, creating a leader in electrified propulsion systems.
• In July 2020, Denso Corporation established a new global R&D centre in Tokyo, Haneda as a new base for R&D on automated driving and related technologies.

ELECTRIC VEHICLE SOUND GENERATORS MARKET SEGMENTATION

The research report published by Market Research Strategy contains industry segments, as below-

Electric Vehicle Sound Generators Vehicle Type Outlook (Revenue, USD Million, 2016 - 2027)

• Passenger Vehicles
• LCVs (Light Commercial Vehicles)
• HCVs (Heavy Commercial Vehicles)
• Others

Electric Vehicle Sound Generators Sales Channel Outlook (Revenue, USD Million, 2016 - 2027)

• OEMs
• Aftermarket

Electric Vehicle Sound Generators Regional Outlook (Revenue, USD Million, 2016 - 2027)

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • U.K.
  • France
  • Italy
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa
  • Saudi Arabia
  • South Africa

List of Key Players- Electric Vehicle Sound Generators Market

• Delphi Technologies
• Denso Corporation
• Continental AG
• HARMAN International
• Nissan Motor Company Ltd.
• Denso Corporation
• Daimler AG
• Volkswagen AG
• KUFATEC GmbH & Co. KG
• Tesla Inc.
• Sound Racer
• BMW AG
• Honda Motor Co., Ltd.
• Mando-Hella Electronics Corp.
• Kendrion N.V.

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