Electric Vehicle Sound Generator Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2029

Published on : Feb-2020 | List of Tables : 84 | List of Figures : 91 | No. of Pages : 170 | Report Code : FACT4569MR |

Proliferation of Electric Passenger Car Parc to Bolster Demand for Electric Vehicle Sound Generators

Global automotive vehicle market is currently undergoing disruptive changes with the introduction and rapid commercialization of electric vehicles. Electric vehicles are being adopted hastily as they offer competitive advantages over conventional vehicles such as zero emissions and optimised energy efficiency. In addition, governments of several countries are offering various incentive schemes such as tax credit and rebates to encourage customers to buy electric vehicles over conventional vehicles in order to reduce environment pollution.

For instance, government of China offers a subsidy of US$ 6,750 to US$ 14,000 to customers on purchase of electric or hybrid vehicle. As a result, electric passenger car parc has increased substantially in the last couple of years and it is expected to grow at a faster rate over next ten years. Electric vehicle sound generators are installed in electric vehicles for alerting presence of the vehicle to pedestrians in order to avoid accidents. Increasing Demand for electric passenger cars is the most crucial factor expected to drive the demand for electric vehicle sound generators. In the global electric vehicle sound generator market, passenger car vehicles are projected to create an absolute $ opportunity of more than US$ 193 million and are poised to be valued at more than US$ 263 million by the end of forecast period (2019 – 2028), predicts the report published by Fact.MR.

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OEMs to Hold Maximum Share in Global Revenue Generation

Global electric vehicle sales have increased significantly since last five years, and are expected to increase in the upcoming years. In addition, governments of several countries such as US & members of European Union have now mandated installation of electric vehicle sound generators in all new electric & hybrid vehicles which creates lucrative opportunities for the original equipment manufacturers (OEM) of electric vehicle sound generators. In Fact. MR’s report, it is projected that OEMs are set to grab more than 4/5th share of the global electric vehicle sound generator market by the end of 2029.

Asia Pacific is poised to Outperform Other Regions

Electric vehicle sound generators are increasingly being adopted by the leading electric vehicle manufacturers. Countries in Asia Pacific such as Japan & China which are some of the largest electric automotive manufacturing countries in the world are expected to hold maximum share in the global electric sound generator market. Asia Pacific has emerged as a global manufacturing hub for electric vehicles. In addition, efforts taken by the governments of the countries in the region to boost adoption of electric vehicles such as government of India approved electric vehicle incentive schemes worth US$ 1.4 billion, makes the region more suitable for manufacturers of electric vehicle sound generators. Asia Pacific is expected to grow at a value CAGR of ~15% and it is expected to hold market share of more than 60% in terms of value by the end of 2029, reveals Fact. MR’s report.

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Product Development to be an Important Stimulator for Electric Vehicle Sound Generator Market

After the installation of electric vehicle sound generators are made mandatory by several governments, key automotive component industry leaders are entering the electric vehicle sound generator market and introducing new products in the segment in order to achieve strong position in the market. For instance, in October 2019, a German automotive part supplier Hella KGaA Hueck & Co. launched Acoustic Vehicle Alert System (AVAS) and in July 2017, manufacturer of electromagnetic components for industrial and automotive applications Kendrion N.V. launched external sound generators that can produce customized engine sounds for electric and hybrid vehicles.

Electric Vehicle Sound Generator Market - Scope of the Report

Fact.MR recently published a market study on the global market for electric vehicle sound generator. The study provides a detailed assessment on the key market dynamics, including drivers, trends, opportunities, restraints, and detailed information about the electric vehicle sound generator market structure. The market study presents exclusive information about how the electric vehicle sound generator market will grow during the forecast period of 2019-2029.

Key indicators of market growth, which include Year-on-Year (Y-o-Y) growth of the market, value chain, supply chain analysis, and Compounded Annual Growth Rate (CAGR) are explained in Fact. MR’s study in a comprehensive manner. This information can help readers understand the quantitative growth prospects of the electric vehicle sound generator market in the forecast period.

The study is relevant for stakeholders in the electric vehicle sound generator market, including manufacturers, suppliers, distributors, and investors, and can help them in developing appropriate strategies to grow in the market. Stakeholders in the electric vehicle sound generator market, investors, industry experts, researchers, and journalists, as well as business researchers can leverage the information and data presented in the Fact.MR study.

The study also includes statistics as well as facts related to macro as well as microeconomic factors that are impacting developments in the electric vehicle sound generator market. It also offers actionable insights based on future trends in the electric vehicle sound generator market. Furthermore, small businesses and new entrants in the electric vehicle sound generator market too can make use of the information presented in this study, based on which, they can make appropriate business decisions in order to gain momentum in the market.

Key Segments of the Electric Vehicle Sound Generator Market

Fact.MR’s study on the electric vehicle sound generator market offers information divided into four key segments— vehicle type, sales channel and region. This report offers comprehensive data and information about important market dynamics and growth parameters associated with these categories.

Vehicle Type

Sales Channel

Region

  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles
  • Others (Electric Golf Carts, Quadricycles, Other NEVs)
  • OEM
  • Aftermarket
  • North America
  • Latin America
  • Europe
  • APEJ (Asia Pacific Ex. Japan)
  • Japan
  • MEA (Middle East & Africa)

Key Questions Answered in Fact.MR’s Electric Vehicle Sound Generator Market Report

  • Which regions will continue to remain the most profitable regional markets for electric vehicle sound generator market players?
  • Which factors will induce a change in the demand for electric vehicle sound generator during the assessment period?
  • How will changing trends impact the electric vehicle sound generator market?
  • How can market players capture the low-hanging opportunities in the electric vehicle sound generator market in developed regions?
  • Which companies are leading the electric vehicle sound generator market?
  • What are the winning strategies of stakeholders in the electric vehicle sound generator market to upscale their position in this landscape?

Electric Vehicle Sound Generator Market: Research Methodology

In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the electric vehicle sound generator market, and reach conclusions on future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of conclusions.

Secondary resources referred to analysts during the preparation of the electric vehicle sound generator market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, who have contributed to the development of this report as a primary resource.

1. Global Electric Vehicle Sound Generator Market - Executive Summary

    1.1. Global Market Overview

    1.2. Global Electric Vehicle Sound Generator Market – Regional Overview

    1.3. Global Electric Vehicle Sound Generator Market – Opportunity Assessment

    1.4. Fact.MR Analysis

2. Global Electric Vehicle Sound Generator Booth Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Introduction and Definition

3. Market Background

    3.1. Macro - Economic Factors

    3.2. Global Electric Vehicle Production Outlook by Region

    3.3. Global Electric Vehicle Regulatory Scenario

    3.4. Market Viewpoint

        3.4.1. Adoption Rates

        3.4.2. Patent Analysis

    3.5. Recent Developments in Electric Vehicle Sound Generator Market

    3.6. Key Challenges

    3.7. Supply Chain Analysis

    3.8. Forecast Factors: Relevance and Impact

    3.9. Market Dynamics

        3.9.1. Drivers

        3.9.2. Restraints

        3.9.3. Opportunity Analysis

        3.9.4. Trend

4. Global Electric Vehicle Sound Generator Market Demand Analysis 2014-2018 and Forecast, 2019-2029

    4.1. Market Volume Analysis

    4.2. Pricing Analysis

    4.3. Market Value Analysis

5. Global Electric Vehicle Sound Generator Market Demand (US$ Mn) Analysis 2014-2018 and Forecast, 2019-2029

    5.1. Historical Market Value (US$ Mn) Projections, 2014-2018

    5.2. Current and Future Market Value (US$ Mn) Projections, 2019-2029

        5.2.1. Y-o-Y Growth Trend Analysis

        5.2.2. Absolute $ Opportunity Analysis

6. Global Electric Vehicle Sound Generator Market Analysis 2014-2018 and Forecast, 2019-2029, by Vehicle Type

    6.1. Introduction / Key Findings

    6.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Vehicle Type, 2014 - 2018 

    6.3. Current and Future Market Size (US$ Mn) and Volume (Units) Analysis and Forecast By Vehicle Type, 2019 - 2029

        6.3.1.  Passenger Cars

        6.3.2. Light Commercial Vehicles

        6.3.3. Heavy Commercial Vehicles

        6.3.4. Others (Golf Cars, Quadricycles and other NEVs)

    6.4. Market Attractiveness Analysis By Vehicle Type

7. Global Electric Vehicle Sound Generator Market Analysis 2014-2018 and Forecast, 2019-2029, by Sales Channel

    7.1. Introduction / Key Findings

    7.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Sales Channel, 2014 - 2018 

    7.3. Current and Future Market Size (US$ Mn) and Volume (Units) Analysis and Forecast By Sales Channel, 2019 - 2029

        7.3.1. OEM

        7.3.2. Aftermarket

    7.4. Market Attractiveness Analysis By Sales Channel

8. Global Electric Vehicle Sound Generator Market Analysis 2014-2018 and Forecast, 2019-2029, by Region

    8.1. Historical Market Size (US$ Mn) Analysis By Region, 2014 - 2018

    8.2. Current Market Size (US$ Mn) Analysis and Forecast By Region, 2019 - 2029

        8.2.1.  North America

        8.2.2.  Latin America

        8.2.3.  Europe

        8.2.4.  Asa Pacific Excl. Japan (APEJ)

        8.2.5.  Middle East & Africa (MEA)

        8.2.6.  Japan

    8.3. Market Attractiveness Analysis By Region

9. North America Electric Vehicle Sound Generator Market Analysis 2014-2018 and Forecast, 2019-2029

    9.1. Introduction

    9.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2014 - 2018

    9.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2019 - 2029

        9.3.1. By Country

            9.3.1.1. U.S.

            9.3.1.2. Canada

        9.3.2. By Vehicle Type

        9.3.3. By Sales Channel

    9.4. Market Attractiveness Analysis

        9.4.1. By Vehicle Type

        9.4.2. By Sales Channel

    9.5. Key Market Participants-Intensity Mapping

10. Latin America Electric Vehicle Sound Generator Market Analysis 2014-2018 and Forecast, 2019-2029

    10.1. Introduction

    10.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2014 - 2018

    10.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2019 - 2029

        10.3.1. By Country

            10.3.1.1. Brazil

            10.3.1.2. Mexico

            10.3.1.3. Rest of Latin America

        10.3.2. By Vehicle Type

        10.3.3. By Sales Channel

    10.4. Market Attractiveness Analysis

        10.4.1. By Vehicle Type

        10.4.2. By Sales Channel

    10.5. Key Market Participants-Intensity Mapping

11. Europe Electric Vehicle Sound Generator Market Analysis 2014-2018 and Forecast, 2019-2029

    11.1. Introduction

    11.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2014 - 2018

    11.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2019 - 2029

        11.3.1. By Country

            11.3.1.1. Germany

            11.3.1.2. France

            11.3.1.3. Italy

            11.3.1.4. Spain

            11.3.1.5. U.K.

            11.3.1.6. Rest of Europe

        11.3.2. By Vehicle Type

        11.3.3. By Sales Channel

    11.4. Market Attractiveness Analysis

        11.4.1. By Vehicle Type

        11.4.2. By Sales Channel

    11.5. Key Market Participants-Intensity Mapping

12. APEJ Electric Vehicle Sound Generator Market Analysis 2014-2018 and Forecast, 2019-2029

    12.1. Introduction

    12.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2014 - 2018

    12.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2019 - 2029

        12.3.1. By Country

            12.3.1.1. China

            12.3.1.2. India

            12.3.1.3. ASEAN

            12.3.1.4. Australia and New Zealand

            12.3.1.5. Rest of APEJ

        12.3.2. By Vehicle Type

        12.3.3. By Sales Channel

    12.4. Market Attractiveness Analysis

        12.4.1. By Vehicle Type

        12.4.2. By Sales Channel

    12.5. Key Market Participants-Intensity Mapping

13. MEA Electric Vehicle Sound Generator Market Analysis 2014-2018 and Forecast, 2019-2029

    13.1. Introduction

    13.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2014 - 2018

    13.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2019 - 2029

        13.3.1. By Country

            13.3.1.1. GCC Countries

            13.3.1.2. South Africa

            13.3.1.3. Rest of MEA

        13.3.2. By Vehicle Type

        13.3.3. By Sales Channel

    13.4. Market Attractiveness Analysis

        13.4.1. By Vehicle Type

        13.4.2. By Sales Channel

    13.5. Key Market Participants-Intensity Mapping

14. Japan Electric Vehicle Sound Generator Market Analysis 2014-2018 and Forecast, 2019-2029

    14.1. Introduction

    14.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2014 - 2018

    14.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2019 - 2029

        14.3.1. By Vehicle Type

        14.3.2. By Sales Channel

    14.4. Market Attractiveness Analysis

        14.4.1. By Vehicle Type

        14.4.2. By Sales Channel

    14.5. Key Market Participants-Intensity Mapping

15. Market Structure Analysis

    15.1. Global Electric Vehicle Sound Generator Market - A Dashboard View

    15.2. Global Electric Vehicle Sound Generator  - Industry Structure

    15.3. Global Electric Vehicle Sound Generator Market Company Share Analysis

16. Company Profiles

    16.1. Delphi Technologies

        16.1.1. Company Overview

        16.1.2. Product overview

        16.1.3. SWOT Analysis

        16.1.4. Key Developments

    16.2. Denso Corporation

        16.2.1. Company Overview

        16.2.2. Product overview

        16.2.3. SWOT Analysis

        16.2.4. Key Developments

    16.3. Continental AG 

        16.3.1. Company Overview

        16.3.2. Product overview

        16.3.3. SWOT Analysis

        16.3.4. Key Developments

    16.4. HARMAN International

        16.4.1. Company Overview

        16.4.2. Product overview

        16.4.3. SWOT Analysis

        16.4.4. Key Developments

    16.5. Nissan Motor Company Ltd.

        16.5.1. Company Overview

        16.5.2. Product overview

        16.5.3. SWOT Analysis

        16.5.4. Key Developments

    16.6. Mando-Hella Electronics Corp.

        16.6.1. Company Overview

        16.6.2. Product overview

        16.6.3. SWOT Analysis

        16.6.4. Key Developments

    16.7. Tesla Inc.

        16.7.1. Company Overview

        16.7.2. Product overview

        16.7.3. SWOT Analysis

        16.7.4. Key Developments

    16.8. Daimler AG

        16.8.1. Company Overview

        16.8.2. Product overview

        16.8.3. SWOT Analysis

        16.8.4. Key Developments

    16.9. Volkswagen AG

        16.9.1. Company Overview

        16.9.2. Product overview

        16.9.3. SWOT Analysis

        16.9.4. Key Developments

    16.10. KUFATEC GmbH & Co. KG

        16.10.1. Company Overview

        16.10.2. Product overview

        16.10.3. SWOT Analysis

        16.10.4. Key Developments

    16.11. Kendrion N.V.

        16.11.1. Company Overview

        16.11.2. Product overview

        16.11.3. SWOT Analysis

        16.11.4. Key Developments

    16.12. Sound Racer

        16.12.1. Company Overview

        16.12.2. Product overview

        16.12.3. SWOT Analysis

        16.12.4. Key Developments

    16.13. BMW AG

        16.13.1. Company Overview

        16.13.2. Product overview

        16.13.3. SWOT Analysis

        16.13.4. Key Developments

    16.14. Honda Motor Co., Ltd.

        16.14.1. Company Overview

        16.14.2. Product overview

        16.14.3. SWOT Analysis

        16.14.4. Key Developments

17. Assumption & Acronyms Used

18. Research Methodology

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Electric Vehicle Sound Generator Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2029