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Electric Vehicle Sound Generators Market

Published Date : Jul 2024 | Forecast Year : 2019

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Electric Vehicle Sound Generators Market Size, Share, Industry Trends Segmentation Analysis by Type (External Sound Generators, Internal Sound Generators, Customizable Sound Generators) by Application (Passenger Vehicles, Commercial Vehicles, Specialty Vehicles) Growth, Demand, Regional Outlook, and Forecast 2024-2032

Report ID: AG1019

Published : Jul 2024

Pages : 155

Format : Electric Vehicle Sound Generators Market

REPORT ATTRIBUTEDETAILS
MARKET SIZE (2032)USD 738.4 million
MARKET SIZE (2023)USD 113.8 million
CAGR (2023-2029)18.6%
HISTORIC YEAR2019
BASE YEAR2023
FORECAST YEAR2032
BY TYPEExternal Sound Generators
Internal Sound Generators
Customizable Sound Generators
BY APPLICATIONPassenger Vehicles
Commercial Vehicles
Specialty Vehicles
GEOGRAPHIC ANALYSISNorth America, Europe, Asia Pacific, Latin America, and Middle East & Africa
KEY PLAYERSDelphi Technologies, Denso Corporation, Continental AG, HARMAN International, Robert Bosch GmbH, Panasonic Corporation, Toyota Industries Corporation, Hyundai Mobis, Mando Corporation, Aptiv PLC, Valeo, STMicroelectronics, HELLA GmbH & Co. KGaA, Infineon Technologies AG, NXP Semiconductors.

Introduction: -

The Electric Vehicle Sound Generator (EVSG) market addresses the need to increase pedestrian awareness of electric vehicles. Electric cars, known for their quiet operation, can pose a threat to pedestrians who rely on auditory cues. EVSGs emit artificial sounds to alert pedestrians to the presence of a vehicle, especially at low speeds or when reversing. This market emerged in response to global regulations requiring minimum noise levels for electric vehicles to reduce potential safety risks.

Technologically, EVSGs are different in design and functionality and aim to produce sounds that effectively alert pedestrians and comply with noise regulations to avoid urban noise. The market is characterized by constant innovation that improves sound quality, directivity and integration in the aesthetics and functionality of the vehicle.

As electric vehicles become more common worldwide, the demand for EVSG is expected to increase accordingly. This growth offers opportunities for companies specializing in acoustic design, automotive electronics and integrated vehicle solutions. Therefore, the EVSG market plays a crucial role in improving the safety of electric vehicles and ensuring harmonious integration in the urban environment.

The global Electric Vehicle Sound Generators Market value was 113.8 million in 2023, it is forecasted to Hit 738.4 million 2032 with CAGR of 18.6%

Electric Vehicle Sound Generators Market

Size, by Product, - (USD Billion)

External Sound Generators

Internal Sound Generators

Customizable Sound Generators

Others

Other Products

18 16 14 12 10 8 6 4 2 0

The Market will Grow

At the CAGR of:

18.6%

The Forecast Market

Size for in USD:

$ 738.4 million B

b0d51e3055fd6f23ff6a384a6e091406.svg

Top Market Companies: -

  • Delphi Technologies
  • Denso Corporation
  • Continental AG
  • HARMAN International
  • Robert Bosch GmbH
  • Panasonic Corporation
  • Toyota Industries Corporation
  • Hyundai Mobis
  • Mando Corporation
  • Aptiv PLC
  • Valeo
  • STMicroelectronics
  • HELLA GmbH & Co. KGaA
  • Infineon Technologies AG
  • NXP Semiconductors

Porters Five Analysis: -

Threat of new entrants: The threat of new entrants to the EVSG market is moderate to high. While considerable technological expertise is required in acoustic design, signal processing and automotive integration, barriers to entry such as regulatory compliance and established relationships with car manufacturers can discourage new entrants. However, technological advances and potential disruptive innovations can lower barriers to entry, especially for companies with strong R&D capabilities or intellectual property rights.

Bargaining power of suppliers: Suppliers of EVSG components and materials have moderate bargaining power. The main components are sensors, actuators, sound processing software and acoustic materials. The bargaining power of suppliers may vary depending on the availability of alternative suppliers, the uniqueness of their products and their ability to meet strict quality and regulatory standards. As the EVSG market grows, suppliers can gain leverage if demand exceeds supply capacity or if certain components become critical for technology differentiation.

Bargaining Power of Buyers: Automakers and Original Equipment Manufacturers have significant bargaining power in the EVSG market. They are looking for cost-effective solutions that meet regulatory requirements while meeting their specific performance and integration needs. The concentration of buyers in the automotive industry and their ability to switch suppliers or negotiate prices based on economies of scale affect supplier profitability and market dynamics.

Threat of substitute products or services: The threat of substitute products in the EVSG market is relatively small. Conventional internal combustion engine vehicles produce natural sounds to warn pedestrians, but regulations are increasingly forcing electric vehicles to use artificial sound generators. Alternative technologies or safety solutions that achieve similar pedestrian warning functions without sound emissions are not widely developed or accepted, which increases the relative attractiveness of EVSG as a necessary safety feature for electric vehicles.

Industry Competition: Competition in the EVSG market is fierce, driven by technological innovation, regulatory compliance and market differentiation. Key players include established automotive suppliers with experience in acoustic design, as well as newcomers specializing in electric vehicle technologies. Differentiation through sound quality, customization options, integration features and adherence to global standards increases competition. Strategic partnerships, mergers and acquisitions can shape competitive dynamics and affect market share and profitability among competitors.

Electric Vehicle Sound Generators Market

Share, by end user, (USD Billion)

Analytica Global 113.8 million%

Passenger Vehicles

Commercial Vehicles

Specialty Vehicles

Others

Other End-Users

b0d51e3055fd6f23ff6a384a6e091406.svg

738.4 million

Total Market Size

USD (Billion),

18.6%

CAGR

-

Market Growth Drivers: -

Expansion of the Electric Vehicle (EV) Market: The EVSG market is directly affected by the rapid growth in the production and adoption of electric vehicles worldwide. As more electric cars enter the market, the demand for related components, including EVSG, will increase proportionately. Major car manufacturers are investing heavily in electric mobility and accelerating the adoption of EVSG as standard equipment in new electric models. The expansion not only expands EVSG's manufacturing customer base, but also promotes technological innovation and cost reduction.

Safety considerations: Electric cars are significantly quieter than conventional internal combustion engine vehicles, which can pose a danger to pedestrians, cyclists and the visually impaired who rely on hearing signals. EVSGs reduce this risk by producing artificial sounds designed to alert pedestrians to the presence and movement of electric vehicles. The emphasis on pedestrian safety and accident reduction strongly favors EVSG adoption in the automotive industry.

Segment Overview: -

Types of EVSG:

  • External Sound Generators
  • Internal Sound Generators
  • Customizable Sound Generators

Applications of EVSG:

  • Passenger Vehicles
  • Commercial Vehicles
  • Specialty Vehicles

Regions:

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

    Electric Vehicle Sound Generators Market

    Size, by Product, - (USD Billion)

    NORTH AMERICA $ 21

    The Market will Grow

    At the CAGR of:

    18.6%

    The Forecast Market

    Size for in USD:

    $ 738.4 million B

    b0d51e3055fd6f23ff6a384a6e091406.svg

Key Market Trends: -

Market expansion and consumer awareness: The global electric vehicle market is expanding rapidly, fueled by environmental regulations, government incentives and growing consumer awareness of sustainability issues. As the adoption of electric vehicles increases, so does the demand for related technologies such as EVSGs. Consumers are beginning to understand the importance of EVSG to ensure pedestrian safety and reduce the risks associated with silent electric vehicles in urban environments. This awareness influences purchasing decisions and encourages car manufacturers to prioritize the integration of efficient EVSG solutions into their electric car models.

Key Stake Holders: -

  • Automakers
  • EVSG Manufacturers
  • Regulatory Bodies
  • Acoustic Engineers and Technologists
  • Consumers
  • Urban Planners and Environmentalists
  • Technology Providers
  • Insurance Companies and Safety Advocates
  • Research Institutions and Academia
  • Supply Chain Partners

Market Challenges: -

Consumer Acceptance and Perception: Consumer perception of artificial sounds in vehicles remains a barrier. While EVSGs are critical to pedestrian safety, a balance of volume, pitch and character must be achieved to ensure effectiveness without causing irritation or noise pollution. Consumer preferences for customizable sound profiles and brand differentiation further complicate EVSG development and market launch.

Integration with EV infrastructure: EVSGs require seamless integration with current and future EV infrastructure, including charging networks and smart city technologies. This integration includes interoperability with vehicle-to-everything (V2X) communication systems and compatibility with new mobility solutions such as autonomous vehicles and shared mobility platforms.

Market opportunity: -

Environmental sustainability: EVSGs contribute to environmental sustainability by reducing the potential risks of quiet electric vehicles and increasing their acceptance in environmentally conscious communities. Manufacturers can take advantage of this trend by developing environmentally friendly sound emission technologies that minimize noise pollution and meet safety requirements. Aligning EVSG development with sustainability goals increases market acceptance and supports CSR initiatives.

Emerging Markets and Global Expansion: Emerging markets, particularly in Asia Pacific and Latin America, offer significant growth opportunities for EVSG manufacturers. These regions have rapid urbanization, the proliferation of electric vehicles and regulatory frameworks that support clean mobility solutions. By building partnerships and expanding distribution networks in these markets, manufacturers can take advantage of growing demand and establish a strong foothold in key growth areas.

Electric Vehicle Sound Generators Market TO (USD BN)

Electric Vehicle Sound Generators Market

CAGR OF

18.6%

Electric Vehicle Sound Generators Market

b0d51e3055fd6f23ff6a384a6e091406.svg
Analytica Global 738.4 million %

Recent development: -

HARMAN Works With Qualcomm to Drive Automotive Innovation with New Ready Connect 5G TCU for Connected Cars

Frequently Asked Question (FAQ): -

Q1. How much is the Electric Vehicle Sound Generators Market?

The Electric Vehicle Sound Generators Market size is expected to be valued at USD 738.4 million 2032

Q2. What is the growth rate of the Electric Vehicle Sound Generators Market?

The global Electric Vehicle Sound Generators Market is projected to grow at a CAGR of 18.6 % during the forecast period, 2024-2032.

Q3. Which region held the largest market share in the Electric Vehicle Sound Generators Market? 

North America had the largest share of the global market.

Q.4 Who are the key players in the Electric Vehicle Sound Generators Market?

Delphi Technologies, Denso Corporation, Continental AG, HARMAN International, Robert Bosch GmbH, Panasonic Corporation, Toyota Industries Corporation, Hyundai Mobis, Mando Corporation, Aptiv PLC, Valeo, STMicroelectronics, HELLA GmbH & Co. KGaA, Infineon Technologies AG, NXP Semiconductors

Electric Vehicle Sound Generators Market - Global Outlook & Forecast 2024-2029

Analytica Global
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Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global

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