HOME Research Insight The Companies operating in the NVH Testing Market are Consolidating Their Market Position through Acquisitions, New Product Launches and Expanding Their Facilities

The Companies operating in the NVH Testing Market are Consolidating Their Market Position through Acquisitions, New Product Launches and Expanding Their Facilities

The noise vibration harshness (NVH) testing market is expected to be valued at USD 2.08 Billion by 2022, growing at a CAGR of 4.05% between 2016 and 2022. The market is highly competitive due to the presence of a large number of established players. The market players are competing with each other majorly through the development of new technologies to reduce noise and vibration levels from the environment.

The companies operating in the NVH testing market are consolidating their market position through acquisitions, new product launches, and expanding their facilities to serve increasing demand for NVH products and services. The major factors expected to drive the growth of the NVH testing market are increasing environmental noise driving automotive manufacturers to reduce the noise levels and growing focus on fuel efficiency driving the NVH testing market.

Siemens Product Lifecycle Management Software, Inc. is a provider of NVH testing products as well as PLM products across the industry verticals. In 2012, the company acquired LMS International NV (Belgium), a provider of NVH and signal analysis products. Later, it merged LMS international operations into their business. This acquisition enhanced its offering related to closed-loop, systems-driven product development solutions. LMS is a test and mechatronic simulation software for the automotive, aerospace, and other advanced manufacturing industries. In addition, LMS is used for model-based mechatronic simulation and advanced testing in the product development process. LMS is also used for measure and test mission-critical engineering attributes, ranging from system dynamics, structural integrity, and sound quality to durability, safety, and power consumption. To maintain the leadership position in the market, the company launching new products to meet the customer needs.

Bruel & Kjaer Sound & Vibration Measurement A/S is a leading provider of integrated solutions for the measurement and analysis of sound and vibration. The company operates as a subsidiary of Spectris Plc. The company offer products such as analysis software, ready-to-go analysis systems, pulse analyzers, measurement front ends, transducers, handheld instruments, shakers and exciters, environment management, calibration systems. To further strengthen its position in the market, in July 2016, the company acquired Discom GmbH (Germany), a provider of automotive transmission sound and vibration test systems for acoustic quality analysis at the end of production lines. This acquisition further strengthen its position in offering fully integrated and web-enabled production test solution.

Related Reports:

Noise Vibration Harshness (NVH) Testing Market by Type (Sensors & Transducers, Meters, Analyzers, Software), Application (Environmental Noise, Pass-by-Noise, Noise Mapping, Acoustics, Sound Quality & Power and Telecom Testing) - Global Forecast to 2022

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