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Electric Vehicle Sound Generators Market Status (2016-2020) and Forecast Market Analysis, Regional Outlook, Segment Growth Potential, and Competitive Market Share Analysis, 2021-2027

Format: PDF | Pages: 288 | Report ID: MRS1127


Report Description

The global Electric Vehicle Sound Generators market size is estimated at USD 84.7 million in 2020, expanding at a CAGR 20.4% from 2021-2027 to reach 284.7 Million USD in 2027.

Market Dynamics

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.

Regional Insights

North America, Europe, Asia Pacific, the Middle East, Africa, Latin America, and Japan are some of the regions that contribute to the overall revenue in the EV sound generators market. Asia Pacific has seen the greatest increase in revenue potential for OEM of any regional market in recent years. This is due to the rapid commercialization of electric vehicles, particularly in India and China. Furthermore, significant government support for the adoption of EVs in the transportation industry has fuelled the demand for sound generator mechanisms for passenger vehicles in recent years.

Segment Insights

The Electric Vehicle Sound Generators market is fragmented into vehicle type and sales channel segments. Based on the vehicle type, the passenger cars segment is anticipated to dominate the market. Based on the sales channel, the OEMs segment is expected to witness the highest CAGR.

Competitive Insights

The Electric Vehicle Sound Generators market is highly competitive in nature with the presence of local & international players. Major players in the industry engage in strategic merger & acquisition, partnership, and new product launches to remain competent in the market. For example, in October 2020, BorgWarner Inc. completed the 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.

The report begins with an overview of the Industry Chain structure, and describes the industry environment, then analyses market size and forecast of Electric Vehicle Sound Generators by vehicle type, sales channel, and region. In addition, this report introduces the market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.

Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products etc.):

  • 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.

Vehicle Type Coverage (Market Size & Forecast, Main Consumer Analysis etc.):

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

Sales Channel Coverage (Market Size & Forecast, Main Consumer Analysis etc.):

  • OEMs
  • Clinics & Beauty Centers

Region Coverage (Regional Consumption, Demand & Forecast by Countries etc.):

  • North America (U.S., and Canada)
  • Europe (Germany, U.K., France, Italy, Spain etc.)
  • Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
  • South America (Brazil, Mexico, Argentina etc.)
  • Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa etc.)

Frequently Asked Questions

The global Electric Vehicle Sound Generators market size is estimated at USD 84.7 million in 2020, expanding at a CAGR 20.4% from 2021-2027 to reach 284.7 Million USD in 2027.
North America captured the highest revenue in 2021 and is projected to continue its dominance during the study period.
The global Peri-implantitis market size is expanding at a CAGR 10.8% from 2021-2027 to reach 1,600.7 Million USD in 2027.
Asia Pacific (especially China, and India) region is projected to grow at the fastest growth rate during the study period.
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