Stringent Pedestrian Safety Regulations
Prompting Automakers to Integrate Electric Vehicle Sound
Generators into Their Models.
ROCKVILLE, Md., July 4, 2024 /PRNewswire/ -- Based on a
recently updated industry report published by Fact.MR, the global
Electric Vehicle Sound Generators Market is poised to reach
a valuation of US$ 115.5 million in
2024 and further rapidly expand at a CAGR of 18.6% from 2024
to 2034. By the end of 2034, the market is forecasted to reach a
valuation of US$ 739.3
million.
As electric vehicles (EVs) continue to gain popularity
worldwide, demand for electric vehicle sound generators (EVSG) is
surging. These innovative devices produce artificial sounds to
alert pedestrians and cyclists to the presence of approaching EVs,
which are designed to operate quietly.
With an increasing number of countries mandating the use of
EVSGs for safety reasons, automakers are racing to comply with
regulations and integrate these systems into their EV models. The
global EVSG market is projected to exhibit significant growth in
the coming years, driven by the rapid adoption of EVs and the
prioritization of pedestrian safety.
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Report:
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Leading EVSG manufacturers are continuously enhancing their
products, offering customizable sounds, adjustable volumes, and
directional audio capabilities. As autonomous vehicles become more
prevalent, EVSGs are projected to play a crucial role in ensuring
the safety of pedestrians and cyclists in urban environments.
Growing demand for EVSGs is a testament to the automotive
industry's commitment to innovation and safety, paving the way for
a future where electric mobility coexists harmoniously with other
road users.
Key Takeaways from the EVSG Market Study:
- The Japan and South Korea markets are analyzed to expand at
CAGRs of 18% and 19.7%, respectively, from 2024 to 2034.
- The market in Mexico is
forecasted to expand at a CAGR of 20.9% through 2034, while
the United States is evaluated to
hold a share of 77.2% in the North American region by 2034.
- The East Asia EV sound generator market is projected to expand
at a CAGR of 19.3% through 2034.
- Based on sales channel, the aftermarket segment is estimated to
reach a market valuation of US$ 25.4
million in 2024.
- The North American market is calculated to climb to a value of
US$ 276.4 million by the end of
2034.
"Manufacturers of electric vehicle sound generators are
focusing on enhancing their products by offering customizable
sounds, adjustable volumes, and directional audio capabilities,
catering to evolving regulatory requirements," says a
Fact.MR analyst.
Electric Vehicle Sound Generators Industry
News:
Businesses in the sector have contributed significantly to the
growth of the electric vehicle (EV) industry and other sectors.
Important participants in the market for electric vehicle sound
generators are developing lighter, more environmentally friendly
models that consume less energy, and adjusting to new industry
trends like charging cords and connectors. In the upcoming years,
market participants will be well-positioned to create a market in
this business environment by collaborating with EV enterprises.
In this updated market analysis, Fact.MR offers comprehensive
details on major global electric car sound generator manufacturers'
pricing points, sales growth, manufacturing capacity, and
speculative technological expansion.
Growing Demand for Customizable Sound Profiles for
Personalized Experiences
One of the latest developments is the integration of directional
sound capabilities, enabling EVSGs to emit sounds that assist
pedestrians in identifying the direction of an approaching vehicle.
Furthermore, manufacturers are exploring the utilization of
artificial intelligence and machine learning algorithms to adapt
sound patterns based on real-time traffic and environmental
conditions.
Another significant advancement is the incorporation of
customizable sound profiles, empowering automakers to craft unique
audio signatures that mirror their brand identity. Certain EVSGs
even offer interactive functionalities, allowing drivers to
personalize the sounds or adjust them according to different
driving modes.
As demand for EVs continues to surge, these cutting-edge
innovations in the market are leading the way toward a safer and
more immersive electric mobility experience for all road users.
Leading Players Driving Innovation in the Electric Vehicle
Sound Generator Market:
- Delphi Technology
- Denso Corporation
- Continental AG
- Harman International
- Nissan Motor Company Ltd.
- Tesla Inc.
- Daimler AG
- Volkswagen AG
- KUFATEC GmbH.
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More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of
the electric vehicle sound generator market for 2019 to 2023 and
forecast statistics for 2024 to 2034.
The study divulges essential insights into the market based on
product type (bass sound generators, treble sound generators), type
(hardware devices, software systems), vehicle type (passenger cars,
light commercial vehicles, heavy commercial vehicles), and sales
channel (OEMs, aftermarket), across seven major regions of the
world (North America, Latin America, Eastern Europe, Western Europe, East
Asia, South Asia &
Pacific, and MEA).
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