| Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 5.6 Billion | USD 11.2 Billion | 7.10% | 2024 |
FrequentlyAsked Questions
A virtual engine sound system is an electronic system that produces simulated engine sounds for cars, primarily to make electric and hybrid vehicles safer. It makes sounds at low speeds to let others know that the car is there, as these quieter cars don't make the usual engine noise.
The virtual engine sound system market is being driven by several factors such as growing automotive sector, rising emphasis on safety, technological advancements, and others.
Lack of standardization pose a significant challenge to the virtual engine sound system industry's growth.
Based on the application, the electric and hybrid vehicles segment is expected to dominate the virtual engine sound system market growth during the projected period.
The increasing innovation and advancement in technology pose a major impact factor for the virtual engine sound system industry's growth over the projected period.
According to the report, the global virtual engine sound system market size was worth around USD 5.6 billion in 2024 and is predicted to grow to around USD 11.2 billion by 2034.
The global virtual engine sound system market is expected to grow at a CAGR of 7.1% during the forecast period.
The global virtual engine sound system industry growth is expected to be driven by North America region. It is currently the world’s highest revenue-generating market due to the presence of major players and rising demand for EVs.
The global virtual engine sound system market is dominated by players like Continental AG, Harman International, Sound Racer AB, KUFATEC GmbH & Co. KG, Brüel & Kjær Sound & Vibration Measurement A/S, Bosch Engineering GmbH, Symphony Sound LLC, Active Sound Technology Ltd., Mando-Hella Electronics Corp., Driveco GmbH and IPG Automotive GmbH, among others.
The market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
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