Automotive Piezo Buzzer Components Market was valued at USD 1.5 Billion in 2022 and is projected to reach USD 2.5 Billion by 2030, growing at a CAGR of 7.10% from 2024 to 2030.
The automotive piezo buzzer components market has seen steady growth between 2018 and 2022, driven by increasing demand for advanced safety features, integration of IoT technologies, and the growing trend of electric vehicles (EVs). These buzzers, essential for providing auditory signals for various car functions, are witnessing a surge in demand due to their compact size, reliability, and low power consumption. Automotive manufacturers across the globe are continuously seeking innovations in this area to enhance vehicle safety, assist in parking, and deliver alerts to drivers in various situations. As a result, the automotive industry is increasingly relying on piezo buzzers for a range of applications including alarms, proximity sensors, and other alerting systems.
The market outlook for automotive piezo buzzer components during 2018-2022 showed a stable growth trajectory, with Asia-Pacific leading in demand, particularly in countries like China, Japan, and South Korea. These regions have been key players due to the strong presence of automotive manufacturers and a growing focus on electric vehicles and autonomous driving technology. The increasing adoption of connected vehicle technologies further escalated the requirement for reliable and efficient auditory signals, providing a boost to the piezo buzzer market. However, manufacturers faced challenges such as cost pressures and the need to ensure that buzzers meet stringent automotive standards.
Looking ahead to the demand for automotive piezo buzzer components from 2023 to 2033, the market is expected to witness significant changes. The shift toward electric vehicles (EVs), particularly in developed regions, will drive the demand for these components as EVs require effective signaling systems. In addition, the rise of autonomous vehicles (AVs) will also fuel the demand for piezo buzzers, which play a critical role in providing feedback to drivers and pedestrians. Moreover, the continued development of smart and connected vehicles will require automotive buzzers to be integrated with advanced technologies such as artificial intelligence (AI) and machine learning for precise sound generation and response. The increasing focus on reducing vehicle weight and improving fuel efficiency will also further influence demand for compact and lightweight piezo buzzers. With a growing emphasis on environmental sustainability, the market will likely witness the adoption of eco-friendly materials in buzzer construction.
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Murata
TDK
Kingstate Electronics
Db Products Limited
Cui Inc.
Sonitron
Huayu Electronics
Hunston Electronics
Ariose
Hitpoint
Kepo Electronics
Soberton
Kingwei Electronic Co.
LTD
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Automotive Piezo Buzzer Components Market
Commercial Vehicle
Passenger Vehicle
Others
Based on Types the Market is categorized into Below types that held the largest Automotive Piezo Buzzer Components market share In 2023.
Active Piezo Buzzer
Passive Piezo Buzzer
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Automotive Piezo Buzzer Components Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Automotive Piezo Buzzer Components Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Automotive Piezo Buzzer Components Market, By Type
6. Global Automotive Piezo Buzzer Components Market, By Application
7. Global Automotive Piezo Buzzer Components Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Automotive Piezo Buzzer Components Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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