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Automotive Acoustic Engineering Service Market to Reach $22.43 Billion by 2027; Market to Rise Considerably Owing to Implementation of Stringent Government Norms to Reduce Automotive Noise Pollution

February 09, 2021 | Automotive & Transportation

The global automotive acoustic engineering service market size is expected to showcase significant growth by reaching USD 22.43 billion by 2027. The growth is attributable to the implementation of stringent government norms to reduce vehicular noise pollution that propels the demand for advanced automotive acoustic engineering services globally. Fortune Business Insights, in its latest report, titled, “Automotive Acoustic Engineering Services Market Size, Share & Covid-19 Impact Analysis, By System Type (Physical Testing, Virtual Testing), By Application Type (Interior, Drivetrain, Powertrain, Body, and Others), By Vehicle Type (Passenger Cars and Commercial Vehicles), and Regional Forecast, 2020-2027”, observes that the market stood at USD 14.24 billion in 2019 and is projected to exhibit a CAGR of 11.8% between 2020 and 2027.


Autoneum Launches Advanced Measurement System for Automotive Acoustics


In August 2020, Autoneum, an automotive component provider, announced the launch of an advanced measurement tool, ATLAS (Airborne Transmission Loss Analysis System). The company reports that the system accurately measures transmission loss and acoustic insulation of automotive components such as inner dashes, carpets, and floor insulators. This leads to an efficient assessment of noise-reducing parts for the customers and to select acoustic components tailored as per their needs.


The company has developed the system at their research center located in the Swiss city of Winterthur. The automotive acoustic engineering service system further includes highly sensitive microphones that require only two trials to collect valid and precise data. Such developments are expected to bode well for market growth.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/automotive-acoustic-engineering-services-market-104751


Stringent Vehicular Noise Reduction Norms by Government to Augment Growth


According to the World Health Organization (WHO), noise pollution is second only to air pollution that leads to severe implications on health. The growing incidence of traffic accidents due to distractions owing to noises within the vehicle has led the government to implement stringent vehicular noise reduction norms during the manufacturing of automotive components. This is expected to boost the adoption of advanced automotive acoustic engineering service solutions across the globe. Additionally, the rising automotive sector is expected to drive the global market during the forecast period.


Major Companies Focus on Product Innovation to Amplify Their Market Positions


The global market comprises small, medium, and large companies that are focusing on developing innovative automotive acoustic engineering service solutions to maintain their stronghold. Other key players are striving to maintain their presence by adopting strategies such as partnership and collaboration that will contribute to the growth of the market in the forthcoming years.


Industry Development:



  • September 2020 – FEV Group announced the opening of its high-voltage battery development center located at Sandersdorf-Brehna. The opening of the development center is expected to reduce the cost of consumers by conducting several electrical and performance tests under a single roof.


List of the Companies Profiled in the Global Market for Automotive Acoustic Engineering Service:



  • Autoneum (‎Zurich, Switzerland)

  • Schaeffler (Werdohl, Germany)

  • HEAD acoustics GmbH  (Herzogenrath, Germany)

  • FEV Group Gmbh (Aachen, Germany)

  • AVL List GmbH (Graz, Austria)

  • Siemens Industry Software Inc (Texas, United States)

  • Bertrandt (Ehningen, Germany)

  • Brüel & Kjær (Nærum, Denmark)

  • EDAG Engineering GmbH (Wiesbaden, Germany)


Further Report Findings:



  • Europe stood at USD 6.83 billion in 2019 and is expected to hold the highest position in the global automotive acoustic engineering service market in the forthcoming years. This is attributable to the presence of established automotive manufacturers in the region that boost the adoption of advanced automotive acoustic engineering service solutions in the region between 2020 and 2027.

  • The virtual testing segment, based on system type, held a market share of about 48.8% in 2019 and is expected to showcase an exponential growth during the forecast period. This is ascribable to factors such as the growing adoption of virtual testing systems to accurately detect faults in the vehicle.


Table of Segmentation:











































 ATTRIBUTE



  DETAILS



Study Period



  2016-2027



Base Year



  2019



Forecast Period



  2020-2027



Historical Period



  2016-2018



Unit



  Value (USD billion)



Segmentation



By Application Type



  • Interior

  • Drivetrain

  • Powertrain

  • Body

  • Others



By System Type



  • Physical Testing

  • Virtual Testing



By Vehicle Type



  • Passenger Cars

  • Commercial Vehicles



By Geography



  • North America (U.S., Canada, and Mexico)

  • Europe (U.K., Germany, France and Rest of Europe)

  • Asia-Pacific (Japan, China, India, South Korea and Rest of Asia- Pacific)

  • Rest of the World



 

Global Automotive Acoustic Engineering Service Market
  • PDF
  • 2019
  • 2016-2018
  • 200

    CHOOSE LICENSE TYPE

  • 4850
    5850
    6850

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