Automotive Engine & Exhaust Sound Modulation System Market: Future Growth And Forecast With Significant Players 2020 - 2030

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Automotive Engine & Exhaust Sound Modulation System Market: Introduction

  • Automotive engine & exhaust sound modulation system controls the sound generated by the inner structure of the silencer and exhaust pipes in order to comply with legislative laws and to minimize sound pollution in the environment

Key Drivers of Automotive Engine & Exhaust Sound Modulation System Market

  • Electric vehicles are equipped with sound exhaust system to generate a basic sound from the vehicle, which aids pedestrians on the road in detecting an approaching electric vehicle. Ambitious policy announcements and technological progress in the electrification of cars, buses, and trucks has been stimulating the rollout of electric vehicles in major vehicle markets for the last few years. Electric cars accounted for 2.6% of total global car sales and about 1% of global car stock in 2019, which registered a 40% year-on-year increase, eventually boosting the automotive engine & exhaust sound modulation system market.
  • Automotive OEMs across the globe are focused on decreasing the noise generated from vehicles. This is due to consumer demand for quieter cars. Increasingly, automotive users are associating low sound with comfort and luxury, making it a priority for automakers to lower every possible generated decibel. This trend is driving the automotive engine & exhaust sound modulation system market.

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Challenges in Automotive Engine & Exhaust Sound Modulation System Market

  • The recent outbreak of COVID-19 pandemic has affected national as well as international automotive supply chains, manufacturing and R&D operations, and consequently, hampered the automotive industry. Post first wave of COVID-19, global economies have started opening automotive manufacturing and supply chain operations, thus the COVID impact on the industry seems to have reached a state of normalcy

Opportunities in Automotive Engine & Exhaust Sound Modulation System Market

  • Automotive manufacturers are identifying a typical sound characteristic for a vehicle, moreover a unique brand sound for the vehicle. Furthermore, vehicle OEMs can also use this as an opportunity to increase the recognition of their brand. Therefore, sound design is increasingly becoming an important factor in vehicle sales. This scenario is further estimated to offer significant opportunity for the automotive engine & exhaust sound modulation system market.

Europe holds Dominant Share of Global Additive Manufacturing Processes Market

  • Europe is a lucrative region of the global automotive engine & exhaust sound modulation system market owing to the implementation of automotive noise regularization laws to minimize the noise emitting from vehicles, which in turn has been driving the automotive engine & exhaust sound modulation system market in Europe. The European Commission has proposed to reduce the noise produced by passenger cars, light commercial vehicles, buses, light trucks, coaches, and trucks as numerous people are being affected by high traffic noise pollution.

 

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