Electric Vehicle Sound Generator Market - Global Forecast to 2027
Electric vehicle sound generators also known as acoustic vehicle alerting systems (AVAS) are devices generating sound and are fitted to hybrid, electric and plug-in hybrid vehicles that emit vehicle running sound at high and low speeds. It is mainly used to warn cyclists, pedestrians, visually impaired individuals and other road users about vehicle presence. The growing sales of electric vehicle is supported by stable demand in developed countries in Europe and emerging economies in Asia Pacific region. EV sound generators finds great amount of application in battery electric vehicle (BEV), Plug-in hybrid electric vehicle (PHEV) as these vehicle do not have internal combustion engine (ICE) that produces engine sound.
The eco-system of the electric vehicle sound generator market includes key players like Aptiv, Mando-Hella Electronics, etc. These companies are competitive in the space of electric vehicle sound generator market. They are adopting strategies like new product launches, mergers and acquisitions. Developing countries like India, Brazil are trying to ease the commercialization of electric vehicles. This will create revenue generating opportunities in these countries in near future.
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Growth opportunities and latent adjacency in Electric Vehicle Sound Generator Market