The global electric vehicle sound generator market study presents an all in all compilation of the historical, current and future outlook of the market as well as the factors responsible for such a growth.
With SWOT analysis, the business study highlights the strengths, weaknesses, opportunities and threats of each electric vehicle sound generator market player in a comprehensive way.
Further, the electric vehicle sound generator market report emphasizes the adoption pattern of the electric vehicle sound generator across various industries.The electric vehicle sound generator market report highlights the following players:Delphi TechnologiesDenso CorporationContinental AGHARMAN InternationalThe electric vehicle sound generator market report examines the operating pattern of each player – new product launches, partnerships, and acquisitions – has been examined in detail.Surpassing a valuation of US$ 324 million, the global electric vehicle sound generator market is projected to create an absolute $ opportunity of more than US$ 241 Mn by the end of forecast period.
In order to avoid such adverse situations, governments of several countries are developing & implementing new motor vehicle regulations and mandating installation of electric vehicle sound generators in all electric and hybrid vehicles.For instance, in July 2019, European Union developed a regulation to make use of electric vehicle sound generators compulsory in all electric and hybrid vehicles sold in the member countries of EU.
In September 2019, government of China implemented new guidelines regarding use of acoustic vehicle alerting systems for electric & hybrid vehicles.
Such legislations along with the increasing adoption of the electric vehicles creates humongous opportunities for the manufacturers of electric vehicle sound generators.