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Automotive Acoustic Engineering Services Market

Automotive Acoustic Engineering Services Market Size, Share and Segmentation by Offering (Physical Acoustic Testing, Virtual Acoustic Testing), by Application (Interior, Body & Structure, Powertrain, Drivetrain), by Vehicle Type (Passenger cars, Commercial vehicles), by Regions and Global Market Forecast 2022-2028

Report Id: SNS/AUTO/2006 | June 2022 | Region: Global | 125 Pages

Report Scope & Overview:

Automotive Acoustic Engineering Services Market Size was valued at USD 3.22 billion in 2021 and is expected to reach USD 5.39 billion by 2028 and grow at a CAGR of 7.6% over the forecast period 2022-2028.

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.

Automotive Acoustic Engineering Services Market Revenue Graph

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.

MARKET DYNAMICS: 

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.

  • An increase in the number of sales of luxury automobiles.

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.

  • Rental and used acoustic testing equipment is becoming more popular.

OPPORTUNITIES: 

  • An increase in the trend of engine reduction is expected to provide profitable chances for growth.

  • Increasing tendency toward the downsizing of engines.

CHALLENGES: 

  • 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 ESTIMATION: 

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.

MARKET SEGMENTATION:

By Offering:

  • Physical Acoustic Testing

  • Virtual Acoustic Testing

By Application:

  • Interior

  • Body & Structure

  • Powertrain

  • Drivetrain

By Vehicle Type:

  • Passenger cars

  • Commercial vehicles

Automotive Acoustic Engineering Services Market Segment Chart

REGIONAL ANALYSIS:

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.

REGIONAL COVERAGE:

  • North America

    • The USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • The UK

    • France

    • Italy

    • Spain

    • The 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

Automotive Acoustic Engineering Services Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 3.22 Billion
Market Size by 2028 US$ 5.39 Billion
CAGR CAGR of 7.6% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
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.


Frequently Asked Questions (FAQ) :

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. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of the Ukraine-Russia War

 

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

9.1 Interior

9.2 Body & Structure

9.3 Powertrain

9.4 Drivetrain

 

10. Global Automotive Acoustic Engineering Services Market Segmentation, By Vehicle Type

10.1 Passenger cars

10.2 Commercial vehicles

 

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 the USA

11.2.2  Canada

11.2.3  Mexico

11.3 Europe

11.3.1  Germany

11.3.2  the UK

11.3.3  France

11.3.4  Italy

11.3.5  Spain

11.3.6  The Netherlands

11.3.7  Rest of Europe

11.4 Asia-Pacific

11.4.1  Japan

11.4.2  South Korea

11.4.3  China

11.4.4  India

11.4.5  Australia

11.4.6  Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1  Israel

11.5.2  UAE

11.5.3  South Africa

11.5.4  Rest

11.6 Latin America

11.6.1  Brazil

11.6.2  Argentina

11.6.3  Rest of Latin America

 

12. Company Profiles

12.1 Siemens Industry Software Inc.,

12.1.1 Financial

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

12.8 Autoneum

12.9 Schaeffler Engineering GmbH

12.10 STS Group AG

12.11 AVL

 

13. Competitive Landscape

13.1 Competitive Benchmarking

13.2 Market Share analysis

13.3 Recent Developments

 

14. Conclusion

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Secondary Research

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