The report "Automotive Acoustic Engineering Services Market by Process (Design, Development, Test), Software (Calibration, Signal Analysis, Simulation, Vibration), Offering (Physical, Virtual), Application, Vehicle Type (ICE, Electric) & Region-Global Forecast to 2025" The automotive acoustic engineering services market is projected to grow at a CAGR of 7.42% during the forecast period, to reach a market size of USD 4.04 billion by 2025 from USD 2.45 billion in 2018. The increasing stringency in vehicular noise regulations, growing demand for SUV/MUV for off-roading activity, and rising sales of premium & luxury vehicles with increased comfort & luxury are projected to fuel the demand for virtual acoustic testing of automotive components.
Browse 72 market data Tables and 35 Figures spread through 141 Pages and in-depth TOC on "Automotive Acoustic Engineering Services Market by Process (Design, Development, Test), Software (Calibration, Signal Analysis, Simulation, Vibration), Offering (Physical, Virtual), Application, Vehicle Type (ICE, Electric) & Region-Global Forecast to 2025"
Early buyers will receive 10% customization on reports.
Light-duty vehicles (LDV) segment is estimated to be the largest market for automotive acoustic engineering services
LDV segment comprises passenger cars (PC) and light commercial vehicles (LCV). Cars and LCVs, which hold the maximum share in the global vehicle production, prompt vehicle manufacturers to focus on improved acoustical performance for these vehicles. As per OICA & MarketsandMarkets statistics, passenger cars & LCVs contributed nearly 75–77% and 16–18% of the total vehicle production in 2017, respectively. Global efforts for vehicle light weighting and engine downsizing as a result of stringent emission norms, and need for improved fuel economy have enhanced acoustic engineering requirements for passenger cars. Also, with increased preference for a quite cabin for a new vehicle purchase, the focus of acoustic engineering has shifted from the powertrain to interior and body & structure applications. North America is a key market for LCVs. Ford F-150, Chevrolet Silverado, and Toyota Hilux are some of the bestselling models in the region. Also, the rising preference for sophisticated light trucks with enhanced cabin comfort among European customers has pushed OEMs to undertake acoustic engineering activities.
Designing is estimated to be the fastest growing automotive acoustic engineering process
Designing is the most important process in which multiple prototypes can be developed and tested virtually by using simulations and integrations in the vehicle, and each prototype is evaluated against the desired noise limit. In this process, the noise from the engine, wheels, motor, and tires etc. can be monitored. This process helps decide the material that can be used for component manufacturing to control the noise. Thus, it ensures that the vehicle and the component get optimum acoustical accuracy and helps proceed with the development of the actual product. The current and upcoming safety norms and technological advancements would continue to make a vehicle design more complex in the future. The designing process would remain a key focus in automotive acoustic engineering services to avoid new launch delays and reduce cost.
EMEA: The largest market for automotive acoustic engineering services
EMEA, which is the regional hub for key engineering service providers such as AVL, EDAG, Bertrandt, FEV, and Schaeffler, is estimated to lead the market for automotive acoustic engineering services during the forecast period. Leading companies are undertaking collaborations, expansions, and acquisitions in Europe and outside countries to meet the increased demand and enhance their regional presence. For instance, Autoneum, Nittoku, and Toyota Boshoku formed a joint venture, which became operational from January 2018, for the R&D of vehicle acoustics and engineering services. Also, engineering service providers are adopting a number of business strategies to reap the benefits of growth in the regional as well as global market. In November 2016, FEV acquired a majority stake in Imperia GmbH (Germany), which develops innovative lightweight automotive solutions, to expand its engineering and product development expertise in the market. Also, AVL collaborated with Rescale to avail the AVL EXCITE on their simulation platform. All these strategies would not only strengthen the companies’ services portfolio for multiple automotive applications but also bring new business opportunities from the regional as well as global market in the coming years.
Some prominent players of automotive acoustic engineering services market are AVL (Austria), Siemens PLM (US), Bertrandt (Germany), Schaeffler (Germany), EDAG Engineering (Germany), Continental (Germany), FEV (Germany), Autoneum (Switzerland), and IAV (Germany).Don’t miss out on business opportunities in Automotive Acoustic Engineering Services Market. Speak to our analyst and gain crucial industry insights that will help your business grow.
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Shelly Singh
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441