The Electric Vehicle Sound Generator System Market

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

1.      Introduction

1.1.       Key Points

1.2.      Report Description

1.3.      Markets Covered

1.4.      Stakeholders

2.     Research Methodology

2.1.      Research Scope

2.2.     Research Methodology

2.2.1.     Market Research Process

2.2.2.    Research Methodology

2.2.2.1.           Secondary Research

2.2.2.2.          Primary Research

2.2.2.3.          Models for Estimation

2.3.     Market Size Estimation

2.3.1.     Bottom-Up Approach

2.3.2.    Top-Down Approach

3.     Executive Summary

4.    Market Overview

4.1.      Introduction

4.2.     Drivers

4.3.     Restraints

4.4.     Opportunities

4.5.     Challenges

5.     Electric Vehicle Sound Generator System Market, By Type

5.1.      Key Points

5.2.  Hardware Devices

5.3.  Software System

6.    Electric Vehicle Sound Generator System Market, By Application

6.1.      Key Points

6.2. Electric Vehicle

6.3. Hybrid Vehicles

7.     Electric Vehicle Sound Generator System Market, By Sales Channel

7.1.      Key Points

7.2.  Original Equipment Manufacturer (OEM)

7.3.  Aftermarket

8.    Competitive Landscape

8.1.      Introduction

8.2.     Start-up companies- Electric Vehicle Sound Generator System Market

8.3.     Recent Developments

8.3.1.     Mergers & Acquisitions

8.3.2.    New Product Developments

8.3.3.    Portfolio/Production Capacity Expansions

8.3.4.    Joint Ventures, Collaborations, Partnerships & Agreements

8.3.5.    Others

9.    Company Profile

9.1.  Delphi Technologies

9.2. Denso Corporation

9.3. Continental AG

9.4. Denso Corporation

9.5.  HARMAN International

9.6. Nissan Motor Company Ltd.

9.7.  Tesla Inc.

9.8. Daimler AG

9.9. Volkswagen AG

9.10.    KUFATEC GmbH & Co. KG

9.11.      Kendrion N.V.

9.12.    Sound Racer

9.13.     BMW AG

9.14.    Honda Motor Co., Ltd.

9.15.     Mando-Hella Electronics Corp.