PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1748673
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1748673
Electric Vehicle Sound Generator Market, By Propulsion, By Vehicle, By Component, By Speed Range, By Sales Channel, By Country, and By Region - Industry Analysis, Market Size, Market Share & Forecast from 2024-2032
REPORT HIGHLIGHT
Electric Vehicle Sound Generator Market size was valued at USD 1,539.22 Million in 2024, expanding at a CAGR of 12.10% from 2024 to 2032.
An Electric Vehicle Sound Generator (EVSG) is a system installed in electric vehicles (EVs) to produce artificial sound, primarily for safety purposes. Since EVs operate quietly due to the absence of an internal combustion engine, they can be challenging for pedestrians, cyclists, and other road users to detect, particularly at low speeds. EVSGs generate synthetic sounds that alert others to the vehicle's presence without affecting the EV's performance or energy efficiency. These sounds are often adjustable in pitch or volume, and some countries mandate their use to enhance pedestrian safety in urban areas.
Electric Vehicle Sound Generator Market- Market Dynamics
Increasing Pedestrian Safety Regulations
The primary market driver for Electric Vehicle Sound Generators (EVSGs) is the growing emphasis on pedestrian safety regulations. As electric vehicles become more popular, their quiet operation presents a risk to pedestrians, especially in urban environments. Governments and regulatory bodies, including the European Union and the U.S., have implemented laws requiring EVs to generate artificial sound at low speeds to alert pedestrians and other road users. This regulatory push has created a demand for EVSGs, driving market growth. Manufacturers are innovating to meet these regulations while ensuring that the sound produced is effective yet non-intrusive.
Electric Vehicle Sound Generator Market- Key Insights
According to our research analyst, the global Electric Vehicle Sound Generator Market is expected to develop at a CAGR of approximately 12.10% between 2024-2032.
Segmented by Propulsion Type in 2023, the Battery Electric Vehicles (BEVs) category dominated the market.
Based on Component, the Hardware segment generated the most income in 2023.
On the basis of region, in 2023, North America was the region with the highest revenue.
Electric Vehicle Sound Generator Market- Segmentation Analysis:
The global Electric Vehicle Sound Generator Market is divided into six categories: Propulsion, Vehicle, Component, Speed Range, Sales Channel and Region.
By propulsion type, the Electric Vehicle Sound Generator (EVSG) market is segmented into Battery Electric Vehicles (BEVs), Hybrid Electric Vehicles (HEVs), Plug-in Hybrid Electric Vehicles (PHEVs), and Fuel Cell Electric Vehicles (FCEVs). Among these, BEVs dominate the market, accounting for approximately 60% of the share. This dominance is driven by the rapid adoption of fully electric vehicles, which operate silently and necessitate sound generators to alert pedestrians and enhance safety. HEVs and PHEVs, while growing in popularity, contribute to a smaller portion of the market due to their partial reliance on internal combustion engines. FCEVs, being less prevalent, hold a minimal share. The increasing global emphasis on pedestrian safety and stringent regulations are further propelling the demand for EVSGs, particularly in BEVs.
By component, the Electric Vehicle Sound Generator (EVSG) market is segmented into Hardware and Software. The hardware segment includes the physical components such as the sound generation system, sensors, speakers, and controllers that produce and manage the artificial sounds in electric vehicles. The software segment refers to the algorithms, sound design, and control systems that allow for the customization and optimization of sound frequencies and volumes based on the vehicle's speed and environment. Among these, Hardware dominates the market. This is primarily due to the essential role that physical components like speakers, sensors, and controllers play in the functioning of the sound generator. The need for reliable and effective hardware solutions to meet safety regulations and deliver clear, consistent sound output drives this segment's growth.
Electric Vehicle Sound Generator Market- Competitive Landscape:
Recent Developments:
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL ELECTRIC VEHICLE SOUND GENERATOR MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
GLOBAL ELECTRIC VEHICLE SOUND GENERATOR MARKET, BY PROPULSION - MARKET ANALYSIS, 2019 - 2032
GLOBAL ELECTRIC VEHICLE SOUND GENERATOR MARKET, BY VEHICLE - MARKET ANALYSIS, 2019 - 2032
GLOBAL ELECTRIC VEHICLE SOUND GENERATOR MARKET, BY COMPONENT - MARKET ANALYSIS, 2019 - 2032
GLOBAL ELECTRIC VEHICLE SOUND GENERATOR MARKET, BY SPEED RANGE - MARKET ANALYSIS, 2019 - 2032
GLOBAL ELECTRIC VEHICLE SOUND GENERATOR MARKET, BY SALES CHANNEL - MARKET ANALYSIS, 2019 - 2032
GLOBAL ELECTRIC VEHICLE SOUND GENERATOR MARKET, BY REGION- MARKET ANALYSIS, 2019 - 2032
Table of Contents
1. Electric Vehicle Sound Generator Market Overview
- 1.1. Study Scope
- 1.2. Market Estimation Years
2. Executive Summary
- 2.1. Market Snippet
- 2.1.1. Electric Vehicle Sound Generator Market Snippet by Propulsion
- 2.1.2. Electric Vehicle Sound Generator Market Snippet by Vehicle
- 2.1.3. Electric Vehicle Sound Generator Market Snippet by Component
- 2.1.4. Electric Vehicle Sound Generator Market Snippet by Speed Range
- 2.1.5. Electric Vehicle Sound Generator Market Snippet by Sales Channel
3. Network Attached Storage Key Market Trends
4. Network Attached Storage Sales Channel Study
5. Electric Vehicle Sound Generator Market: COVID-19 Impact Analysis
6. Electric Vehicle Sound Generator Market Landscape
7. Electric Vehicle Sound Generator Market - By Propulsion
8. Electric Vehicle Sound Generator Market - By Vehicle
9. Electric Vehicle Sound Generator Market - By Component
10. Electric Vehicle Sound Generator Market - By Speed Range
11. Electric Vehicle Sound Generator Market - By Sales Channel
12. Electric Vehicle Sound Generator Market- By Geography
13. Key Vendor Analysis- Network Attached Storage Sales Channel
14. 360 Degree Analyst View
15. Appendix
