Market Leaders- Top NVH Testing
The NVH testing market is estimated to be worth USD 2.2 billion in 2023 and is projected to reach USD 3.0 billion by 2028, at a CAGR of 6.3% during the forecast period. The constantly growing vehicle production is a major factor driving the growth of NVH testing market globally. Moreover, stringent government regulations to reduce noise pollution is also key factor contributing to the market growth.
The major players in the NVH testing market with a significant global presence are National Instruments Corporation (US), Siemens Digital Industries Software (US), Brüel & Kjær (Denmark), Axiometrix Solutions (US), HEAD acoustics GmbH (Germany). The market players have adopted various strategies such as development of advanced products, partnerships, collaborations, agreements, joint ventures, and acquisitions to strengthen their position in the NVH testing market. The organic and inorganic strategies have helped the market players to expand themselves globally by providing advanced solutions for NVH testing.
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National Instruments Corporation (NI) (US) specializes in the development of hardware and software platforms for automation and testing applications. The company has a comprehensive portfolio of NVH testing solutions. NI focuses on both organic growth strategies, such as product launches and expansions, and inorganic growth strategies, such as acquisitions, collaborations, agreements, partnerships, and contracts to strengthen its position in the NVH testing market. Moreover, the company also focuses on investing extensively in R&D activities to foster product development. Along with a comprehensive range of hardware and software offerings, the company also boasts a strong geographic footprint with operations and a strong network of channel partners in the Americas, Asia Pacific, Europe, and the Middle East & Africa.
Siemens Digital Industries Software (US) is a leading provider of software solutions for NVH testing applications. The company uses organic and inorganic growth strategies to strengthen its position in the NVH testing market. Organic growth strategies used by the company mainly include product launches. Inorganic growth used by the company mainly includes acquisitions. For instance, in June 2021, the company announced the acquisition of Nextflow Software, an independent provider of advanced particle-based computational fluid dynamics (CFD) solutions. Nextflow Software would become part of Siemens Digital Industries Software, where its offerings would expand the capabilities of the Simcenter software portfolio of Siemens Digital Industries Software.
Brüel & Kjær (Denmark) is a leading provider of NVH testing solutions and services. The company has a strong brand value and offers a wide range of hardware, software, and integrated systems for NVH testing. It uses organic growth strategies, such as product launches, and inorganic growth strategies, such as collaborations, to strengthen its presence in the NVH testing market. For instance, in March 2020, Brüel & Kjær released a new version, 2019.1, of its NVH Simulator. The new version facilitates the modeling of electric and hybrid vehicles. Moreover, the company relies on its strong network of channel partners to distribute its products to its customers globally.
Axiometrix Solutions (US) offers hardware and software products for NVH testing through 3 major product lines, namely, imc Test & Measurement, Audio Precision, and GRAS Sound & Vibration. The company focuses on both organic growth strategies, such as product launches, and inorganic growth strategies, such as partnerships and acquisitions, to strengthen its position in the NVH testing market. Its product line, imc Test & Measurement, has a network of 25 partners in 28 countries globally that help seamlessly distribute the company’s offerings to its customers. Moreover, in November 2020, imc Test & Measurement completed the acquisition of KMT Messtechnik GmbH, a leading provider of test and measurement systems. With this deal, imc aims to expand its capabilities in telemetric data acquisition.
HEAD acoustics GmbH (Germany) is a leading manufacturer of NVH testing hardware and software solutions. The company focuses on organic growth strategies, such as product launches, and inorganic growth strategies, such as collaborations, to strengthen its position in the NVH testing market. For instance, in May 2022, HEAD Acoustics launched Qsource shaker, which offers accurate acquisition of transfer functions and supports modal and transfer path analysis. Moreover, the company aims to strengthen its presence in emerging markets with high growth potential with the help of collaborations with distributors globally.
Related Reports:
NVH Testing Market by Application (Impact Hammer Testing and Powertrain NVH Testing, Sound Intensity Measurement and Sound Quality Testing, Product Vibration Testing), Type (Hardware, Software), Vertical and Region- Global Forecast to 2028
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