NVH Testing Market Is Expected To Grow At a CAGR Of 8.4% FROM 2018-2027.

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According to Stratistics MRC, the Global NVH Testing Market is accounted for $1.84 billion in 2018 and is expected to reach $3.80 billion by 2027 growing at a CAGR of 8.4% during the forecast period. Growing demand for in-vehicle infotainment systems and rising focus on fuel effectiveness are the major factors propelling the market growth. However, accessibility of second hand and leasing NVH testing tools are hampering the market growth.

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Noise Vibration Harshness (NVH) Testing is well recognized as sound superiority analysis of different metrics such as volume and noise experience level. Domestic appliances manufactures are gradually more adopting sound quality analysis to get better their product in judgment with competitor. Noise Vibration Harshness (NVH) Testing comprise equipment such as analyzers, controllers, sound level meters, microphones, and additional software.

Opportunity: Emergence of new application areas for NVH testing solutions would provide ample opportunities for the market growth.

Advancement in telecommunications technology affecting features of design including generation of acoustic noise and its impact on human lives have driven the command for the telecom testing application in the NVH testing market. Rising use of mechanical and electronic components in aircraft, automotive, and industrial machinery has led to the domination of hardware in the NVH testing market.

Driver: Adoption of stringent government regulations to reduce noise pollution is driving the market growth.

The factor pouring the growth of Noise Vibration Harshness (NVH) Testing Market is the mounting adoption of stringent regulations regarding noise control by governments in different countries. For instance, the European Commission adopted a proposal for a new regulation aimed at tightening noise emission standards for buses, cars, and Lorries. Technological advancements in the materials used for NVH testing is also pouring factor for the growth of the market. The high growth is mostly attributed to increasing concerns regarding growing noise pollution. For example, according to the World Health Organization (WHO), in terms of health impacts, noise pollution is second only to air pollution. It is a major cause of hearing loss, learning problems in children, annoyance, stress-related mental health risks, and tinnitus.

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Depending on end user, automotive and transportation segment is expected to grow at the significant market share during the forecast period. NVH testing is an inseparable part of the automotive product and component design and development process. In recent years, various technologies, including telematics, mechatronics, and artificial intelligence, have been employed in motor vehicles to provide greater safety and comfort, as well as for the entertainment of travelers. The use of all such advanced technologies in vehicles has led to a high demand for NVH testing solutions to test automobile components during the design and development process.

Asia Pacific region is anticipated to hold considerable market share during the forecast period:
By geography, the Asia Pacific region is anticipated to hold considerable market share during the forecast period. Owing to the improved competition in the automotive industry, companies could focus broadly on avoiding vehicle noise and vibrations to get a competitive edge over other rivals. The growing applications of simulation based solutions in various industry verticals for increased cost effectiveness could help boost NVH testing in domain specific offerings. For instance, Altair, a simulation based company provides NVH based simulation solutions to its customers.

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Some of the key players in NVH Testing market include AB Dynamics, Benstone Instruments, Bruel & Kjr, Data Physics, Dewesoft, Econ Technologies, Erbessed Reliability, ESI Group, Gras Sound & Vibration, Head Acoustics, Honeywell, IMV Corporation, King Design, Kistler Group, M+P International, National Instruments, Oros and PCB Piezotronics.

Honeywell: In Dec 2019, Honeywell acquired Rebellion Photonics, a leader in intelligent, automated, visual gas monitoring solutions. This acquisition will become part of Honeywell's Safety and Productivity Solutions business, which provides a broad range of gas detection technologies, safety gear, mobility solutions and software to help workers stay safe and productive. Rebellion's technology will also be deployed through Honeywell's Performance Materials and Technologies business to help process manufacturing customers develop safety and compliance.

Kistler Group: In Aug 2017, Kistler acquired Vester Elektronik GmbH. This new technology is the perfect addition to Kistler’s traditional measurement technology. It gives them access to new applications that allow them to meet the demands of new and existing customers even more efficiently.

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Stratistics MRC Pvt Ltd.
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