The new power units are one of the things being blamed for the reduced F1 fan following in the sport, teams have recently started work on trying to boost the raw and highly technological image of F1 while retaining its efficient engines.
"I share Niki's view that Formula 1 needs to be more spectacular and I believe that the risk he evokes of the sport losing fans is something that has unfortunately already happened," Arrivabene told the official Ferrari website.
"By 2017, I too would like to see cars that win over the fans, with cars that they can get closer to and that are aesthetically more appealing, maybe even producing a noise that gets your hair standing on end, like that produced by a heavy metal band.
"However, I don't think a simple evolution is enough in this case. Instead, a real revolution is called for, with significant and radical changes.
"By that I mean more power, higher speeds, not necessarily involving the use of more fuel, but definitely applying a cost reduction to those components that are of little interest to the general public," he added.
Arrivabene has suggested that F1 should get closer to its fans, possibly opening up by holding pre-race events on Thursdays of a Grand Prix weekend, outside the circuit in a public area.