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Global Electric Vehicle Sound Generator System Market Size: By Vehicle Type: Passenger Cars, Light Commercial Vehicles (LCV), Heavy Commercial Vehicles (HCV), Others; By Product Type: Bass Sound Generator, Treble Sound Generator; By Application: OEM, Aftermarket; Regional Analysis; Competitive Landscape; 2024-2032
Global Electric Vehicle Sound Generator System Market Outlook
The global electric vehicle sound generator system market size reached approximately USD 110.88 million in 2023. The market is further projected to grow at a CAGR of 13.7% between 2024 and 2032, reaching a value of USD 356.12 million by 2032.
Key Trends in the Market
Electric vehicle sound generator systems refer to acoustic vehicle alerting systems that produce sounds to allow the cyclists, pedestrians, and visually impaired individuals, among others to detect electric and silent hybrid vehicles. These devices also allow various automotive manufacturers to meet government safety standards for hybrid and electric vehicles.
- The growing demand for electric vehicles owing to rising environmental concerns and increasing government initiatives to reduce emissions of harmful gasses is bolstering the electric vehicle sound generator system market growth.
- The expansion of the electric vehicle charging infrastructure is providing lucrative growth opportunities to the market. The rising investments towards the construction of electric vehicle charging stations is encouraging individuals to adopt electric vehicles, supporting the market expansion.
- The rising collaboration between automakers and electric vehicle sound generator system manufacturers to develop customised sound frequencies for hybrid and electric vehicles is boosting the market expansion across the globe.
Global Electric Vehicle Sound Generator System Market Analysis
On the basis of vehicle type, the market is divided into passenger cars, light commercial vehicles (LCV), and heavy commercial vehicles (HCV), among others. Based on product type, the market is bifurcated into bass sound generator and treble sound generator.
On the basis of application, the market is classified into OEM and aftermarket. Based on region, the electric vehicle sound generator system market segmentation includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Continental AG
- BMW AG
- STMicroelectronics International N.V.
- HARMAN International
- Mando-Hella Electronics Corporation
- KUFATEC GmbH &Co. KG
- Kendrion N.V.
- SoundRacer AB
- ECCO Safety Group
- Others
Market Share by Application
OEMs account for a significant electric vehicle sound generator system market share. OEM companies are dedicated towards providing high quality products to the customers and ensure that their products meet the comfort, reputation, and class or premium cars. For their signature sounds, the OEMs rely upon the development of unique emission sounds. The increasing strictness of various government regulations for the installation of the sound generators in hybrid and battery electric vehicles is further supporting the segment growth.
Market Share by Region
The Asia Pacific accounts for a significant share owing to the increased adoption of electric vehicles in countries such as Japan, China, and India owing to rising environmental concerns. The rising utilisation of electric vehicles by the transportation and automotive sectors due to rising government initiatives is boosting the electric vehicle sound generator system market demand. The availability of incentives including rebates and tax credits is further bolstering the adoption of electric vehicles, supporting the market expansion.
Competitive Landscape
Continental AG is one of the leading automotive components manufacturing companies that was founded in 1871 and is headquartered in Hanover, Germany. The company is known for manufacturing electric vehicle sound generator systems, brake systems, and forestry tires, among others.
BMW AG is a motor vehicle manufacturing company that is headquartered in Munich, Germany. The company is involved in the production of various automotive components including electric vehicle sound generator systems and engines, among others.
STMicroelectronics International N.V. is one of the leading semiconductor manufacturing companies that specialises in application processors, MEMS and sensors, silicon carbide, and smart power, among others. The company was founded in 1987 and is headquartered in Geneva, Switzerland.
Other electric vehicle sound generator system market key players include HARMAN International, Mando-Hella Electronics Corporation, KUFATEC GmbH &Co. KG, Kendrion N.V., SoundRacer AB, and ECCO Safety Group, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Vehicle Type |
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| Breakup by Product Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Electric Vehicle Sound Generator System Market Analysis
8.1 Key Industry Highlights
8.2 Global Electric Vehicle Sound Generator System Historical Market (2018-2023)
8.3 Global Electric Vehicle Sound Generator System Market Forecast (2024-2032)
8.4 Global Electric Vehicle Sound Generator System Market by Vehicle Type
8.4.1 Passenger Cars
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Light Commercial Vehicles (LCV)
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Heavy Commercial Vehicles (HCV)
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Others
8.5 Global Electric Vehicle Sound Generator System Market by Product Type
8.5.1 Bass Sound Generator
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Treble Sound Generator
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Electric Vehicle Sound Generator System Market by Application
8.6.1 OEM
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Aftermarket
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Electric Vehicle Sound Generator System Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Electric Vehicle Sound Generator System Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Electric Vehicle Sound Generator System Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Electric Vehicle Sound Generator System Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Electric Vehicle Sound Generator System Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Electric Vehicle Sound Generator System Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Continental AG
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 BMW AG
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 STMicroelectronics International N.V.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 HARMAN International
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Mando-Hella Electronics Corporation
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 KUFATEC GmbH &Co. KG
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Kendrion N.V.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 SoundRacer AB
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 ECCO Safety Group
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Electric Vehicle Sound Generator System Market: Key Industry Highlights, 2018 and 2032
2. Global Electric Vehicle Sound Generator System Historical Market: Breakup by Vehicle Type (USD Million), 2018-2023
3. Global Electric Vehicle Sound Generator System Market Forecast: Breakup by Vehicle Type (USD Million), 2024-2032
4. Global Electric Vehicle Sound Generator System Historical Market: Breakup by Product Type (USD Million), 2018-2023
5. Global Electric Vehicle Sound Generator System Market Forecast: Breakup by Product Type (USD Million), 2024-2032
6. Global Electric Vehicle Sound Generator System Historical Market: Breakup by Application (USD Million), 2018-2023
7. Global Electric Vehicle Sound Generator System Market Forecast: Breakup by Application (USD Million), 2024-2032
8. Global Electric Vehicle Sound Generator System Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global Electric Vehicle Sound Generator System Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Electric Vehicle Sound Generator System Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Electric Vehicle Sound Generator System Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Electric Vehicle Sound Generator System Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe Electric Vehicle Sound Generator System Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Electric Vehicle Sound Generator System Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific Electric Vehicle Sound Generator System Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Electric Vehicle Sound Generator System Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America Electric Vehicle Sound Generator System Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Electric Vehicle Sound Generator System Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa Electric Vehicle Sound Generator System Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Global Electric Vehicle Sound Generator System Market Structure
Key Questions Answered in the Report
The market reached a value of approximately USD 110.88 million in 2023.
The market is projected to grow at a CAGR of 13.7% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 356.12 million by 2032.
The major market drivers include growing demand for electric vehicles owing to rising environmental concerns and expansion of the electric vehicle charging infrastructure.
The key trends fuelling the growth of the market include increasing government initiatives to reduce emissions of harmful gasses and rising collaboration between automakers and electric vehicle sound generator system manufacturers.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The significant vehicle types include passenger cars, light commercial vehicles (LCV), and heavy commercial vehicles (HCV), among others.
The key players in the market are Continental AG, BMW AG, STMicroelectronics International N.V., HARMAN International, Mando-Hella Electronics Corporation, KUFATEC GmbH &Co. KG, Kendrion N.V., SoundRacer AB, and ECCO Safety Group, among others.
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