Report Scope & Overview:
Automotive Acoustic Engineering Services Market Size was valued at USD 3.46 billion in 2022 and is expected to reach USD 6.22 billion by 2030 and grow at a CAGR of 7.6% over the forecast period 2023-2030.
An automotive acoustic engineering service may be defined as the process of noise cancellation from various vehicular components to such an extent that it does not damage either the interior or exterior environment of the vehicle. Due to the fact that various components in an automobile, such as the engine and the motor, have wider applicability, they eventually make noise that is unacceptable; this noise can be managed with the assistance of acoustic engineering services. These various services have been used by multiple car manufacturers as a means of reducing the noise that their vehicles produce, hence finding a wider reach in the market internationally. Additionally, with the introduction of modern automobiles across the globe, several noise reduction strategies in the form of software have been launched. This has a substantial contribution to make to the growth of the global automotive acoustic engineering services market.
In April 2022, Robert Bosch debuted a cutting-edge collision warning system that is designed specifically for forklifts. The new collision warning system provides both audible and visual signals to forklift drivers when they are operating in potentially hazardous situations.
Regulations imposed by the government with regard to the volume of vehicle noise.
A growing preference among consumers for upgraded levels of cabin comfort and luxury amenities.
An increase in the number of sales of luxury automobiles.
The market is hampered by the availability of various testing equipment based on the kind of vehicle.
Enterprises choose to rent acoustic testing equipment, stifling the market.
Rental and used acoustic testing equipment is becoming more popular.
An increase in the trend of engine reduction is expected to provide profitable chances for growth.
Increasing tendency toward the downsizing of engines.
High starting costs and difficulty entering the market.
Problems with noise pollution caused by electric vehicles.
IMPACT OF COVID-19:
The global epidemic known as COVID-19 has caused a loss in the automotive industry that has never been seen before. There has been a significant drop in the sales of automobiles all over the world, which can be attributed to the fact that various manufacturing operations have been temporarily halted. Because of this, the market's growth prospects are becoming more limited. The government, on the other hand, is employing every strategy at its disposal in an effort to restore economic normalcy, which, in turn, will foster the expansion of the market in the not-too-distant future. There have already been some warnings from a few corporations about delays in product deliveries and declines in sales in the future. Global travel bans imposed by Europe, the Asia-Pacific, and North America are also affecting commercial partnerships and partnership opportunities in these regions.
KEY MARKET PLAYERS:
Siemens Industry Software Inc., Robert Bosch, AVL, Bertrandt AG, Brüel & Kjær, EDAG Engineering GmbH, FEV Group GmbH, HEAD acoustics GmbH, Autoneum, Schaeffler Engineering GmbH, and STS Group AG are some of the affluent competitors with significant market share in the Automotive Acoustic Engineering Services Market.
Market, By Offering:
The global market has been divided into Physical Acoustic Testing, and Virtual Acoustic Testing based on the type segment. Because of the increasing use of virtual testing systems for promptly identifying problems in vehicles, the virtual testing industry currently holds a 49 percent market share and is expected to rise significantly over the next several years. This is due to the fact that virtual testing systems can detect faults more quickly and accurately than traditional testing methods.
Market, By Application:
The global market has been divided into Interior, Body & Structure, Powertrain, and Drivetrain based on the application segment. As a result of the increased demand for car cabins that are comfortable, secure, and free of noise, the interior category is anticipated to dominate the market during the period covered by the forecast. It is predicted that the powertrain category would be the second-largest market segment over the forecast period. Noise pollution and disruption to drivers are caused by powertrain components.
Market, By Vehicle Type:
The global market has been divided into passenger cars and commercial vehicles based on the vehicle type segment. During the projection period, the passenger car category is expected to hold the greatest share of the market. The market for commercial vehicles is likely to develop significantly during the next few years.
Physical Acoustic Testing
Virtual Acoustic Testing
Body & Structure
By Vehicle Type:
The worldwide market for automotive acoustic engineering services has been divided into four primary regions: North America, Europe, Asia-Pacific, and the Rest of the World. It is anticipated that the Europe region will hold a significant market share throughout the period of the forecast due to the robust relationships that exist between acoustic engineering service providers located in that region and the major automotive OEMs and tier-1 suppliers who work with those OEMs. On the other hand, it is anticipated that the Asia Pacific will experience significant expansion in the global market. This is due to the increasing production of automobiles in China, India, and other ASEAN countries, in addition to stringent government regulations regarding safety, noise, and emissions.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2022||US$ 3.46 Billion|
|Market Size by 2030||US$ 6.22 Billion|
|CAGR||CAGR of 7.6% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• by Offering (Physical Acoustic Testing, Virtual Acoustic Testing)
• by Application (Interior, Body & Structure, Powertrain, Drivetrain)
• by Vehicle Type (Passenger cars, Commercial vehicles)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Siemens Industry Software Inc., Robert Bosch, AVL, Bertrandt AG, Brüel & Kjær, EDAG Engineering GmbH, FEV Group GmbH, HEAD acoustics GmbH, Autoneum, Schaeffler Engineering GmbH, and STS Group AG|
|Key Drivers||•Regulations imposed by the government with regard to the volume of vehicle noise.
•A growing preference among consumers for upgraded levels of cabin comfort and luxury amenities.
|RESTRAINTS||•The market is hampered by the availability of various testing equipment based on the kind of vehicle.
•Enterprises choose to rent acoustic testing equipment, stifling the market.
Ans:- The market forecast period is 2021-2028 according to the study report.
Ans:- Offerings, Applications, and Vehicle types are the different segments of the market.
Ans:- High starting costs and problems with noise pollution caused by electric vehicles are the most significant obstacles facing the Automotive Acoustic Engineering Services Market.
Ans:- Raw material vendors, Distributors/traders/wholesalers/suppliers, including government agencies and NGOs, Commercial research & development (R&D) institutions, Importers and exporters, Trade/Industrial associations, and End-use industries are the stakeholder of this report.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
220.127.116.11 United Kingdom
18.104.22.168 South Korea
22.214.171.124 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Automotive Acoustic Engineering Services Market Segmentation, By Offerings
8.1 Physical Acoustic Testing
8.2 Virtual Acoustic Testing
9. Global Automotive Acoustic Engineering Services Market Segmentation, By Application
9.2 Body & Structure
10. Global Automotive Acoustic Engineering Services Market Segmentation, By Vehicle Type
10.1 Passenger cars
10.2 Commercial vehicles
11. Regional Analysis
11.2 North America
11.2.1 the USA
11.3.2 the UK
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Siemens Industry Software Inc.,
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Robert Bosch
12.3 Bertrandt AG
12.4 Brüel & Kjær
12.5 EDAG Engineering GmbH
12.6 FEV Group GmbH
12.7 HEAD acoustics GmbH
12.9 Schaeffler Engineering GmbH
12.10 STS Group AG
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share analysis
13.3 Recent Developments
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