Automotive Acoustic Engineering Services Market Forecasts to 2028 – Global Analysis by Process (Designing, Development, and Testing), Software, Offering, Vehicle Type, Drive Type, Product Type, Application and By Geography
According to Stratistics MRC, the Global Automotive Acoustic Engineering Services Market is accounted for $2.72 billion in 2020 and is expected to reach $5.67 billion by 2028 growing at a CAGR of 9.6% during the forecast period. Increasing adoption of electric & hybrid vehicles and rising demand for optimum acoustical performance in passenger cars are the major factors propelling the market growth. However, huge capital investments and entry barriers are hampering market growth.
Automotive acoustic engineering services are provided by engineers during noise, vibration, and harness (NVH) development. The noise emitted is originated from different parts of the vehicle and hence, there are various processes to reduce and regulate these noises. All these services are being served to a variety of vehicles such as electric & hybrid vehicles, light-duty vehicles (LDV), and heavy-duty vehicles (HDV).
Based on the application, the interior segment is estimated to have a lucrative growth due to increased demand for enhanced comfort and silent cabin among customers. Increasing interest exists to predict the interior acoustic behavior using accurate simulation models both to improve the vehicle NVH performance and to reduce the development cycle of a new vehicle.
By geography, Europe holds the largest share in the market due to the strong relationships of acoustic engineering service providers and the strong relationship with major automotive original equipment manufacturers (OEMs) and tier-1 suppliers.
Some of the key players profiled in the Automotive Acoustic Engineering Services Market include Autoneum Holding AG, AVL GmbH, Bertrandt AG, Brüel & Kjær, Continental AG, EDAG Engineering GmbH, FEV Europe GmbH, Head Acoustics, IAV Engineering Ltd, Infosys, Schaeffler Engineering GmbH, Siemens Industry Software, Signal.X Technologies, STS Group AG, and Tata Consultancy Services.
Estimated Market Size in 2020:
USD 2.72 billion
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 5.67 billion
Tables, Graphs & Figures
Process, Software, Offering, Vehicle Type, Drive Type, Product Type, Application and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Signal Analysis
• Physical Acoustic Testing
• Virtual Acoustic Testing
Vehicle Types Covered:
• Light Duty Vehicle (LDV)
• Heavy Duty Vehicle (HDV)
• Electric & Hybrid Vehicles
Drive Types Covered:
• Front Wheel Drive (FWD)
• All-Wheel Drive/Four Wheel Drive
• Rear Wheel Drive (RWD)
Product Types Covered:
• 178MM 50MM 153MM
• 178MM 100MM 153MM
• Body & Structure
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Automotive Acoustic Engineering Services Market is majorly driven by the increasing adoption of electric & hybrid vehicles and rising demand for optimum acoustical performance in passenger cars.
The virtual acoustic testing segment is growing at the highest CAGR due to the rising adoption of virtual testing systems to quickly and accurately detect faults within the vehicle.
North America dominated with a significant market share owing to the high adoption of advanced technology and the presence of large players.
Asia Pacific market is growing at the highest CAGR owing to the surging vehicle production and the increasing disposable income.
Key players in Automotive Acoustic Engineering Services Market include Autoneum Holding AG, AVL GmbH, Bertrandt AG, Brüel & Kjær, Continental AG, EDAG Engineering GmbH, FEV Europe GmbH, Head Acoustics, IAV Engineering Ltd, Infosys, Schaeffler Engineering GmbH, Siemens Industry Software, Signal.X Technologies, STS Group AG, and Tata Consultancy Services.
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