Press release
NVH Testing Market Size & Share - Industry Trends and Forecast 2017 - 2025
The objectives of this study are as follows:
To define, describe, and forecast the "NVH Testing" market by type, application, component, delivery model, end user, and region
To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
To forecast the market size of market segments with respect to the four key regions: North America, Europe, Asia, and the Rest of the World (RoW)
To strategically profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies
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Noise, Vibration and Harshness (NVH) is the study of an object or component by understanding it under varied modifications of voice and vibrations. After a certain period of operation, products undergo wear and tear due to product properties and external stimulations, causing noise and/or vibrations. Noise refers to the unwanted sound caused by a specific object; vibrations refer to the oscillations occurring about an equilibrium point with respect to an object, and harshness is a subjective quality rather than a quantifiable measurement which is associated with the discomfort caused by noise and/or vibrations. NVH solutions are usually implemented to reduce or eliminate such noises or vibrations in any object. The application of NVH solutions are seen in a wide range of industry verticals such as automotive, aerospace, transportation and many more. NVH testing in the automation industry measures force, impact, and vibration in a particular vehicle. Additionally, it helps in noise reduction, shock absorption, and increased stability which can provide an enhanced driving experience to a customer. Furthermore, NVH helps in combating squeaks, rattles, and a host of other issues that affects automotive vehicle quality. NVH solutions could help to keep the vibrations inside a vehicle to a minimum.
Rising awareness among industry verticals about providing enhanced customer experience for market sustenance is one of the factors which can significantly affect the growth of the global NVH testing market. Additionally, the significant sale of white goods in the Asia Pacific region is likely to have a prominent impact on the growth of the NVH testing market. Furthermore, the noteworthy growth of the automotive and aerospace industry at a global level is also anticipated to have an impact on the growth of the global NVH testing market during the forecast period. Owing to the increased competition in the automotive industry, companies could focus extensively on avoiding vehicle noise and vibrations to get a competitive edge over other rivals. This could have an impact on this market during the forecast period 2017-2025. The increasing applications of simulation based solutions in various industry verticals for increased cost effectiveness could help boost NVH testing in domain specific offerings. For instance, Altair, a simulation based company provides NVH based simulation solutions to its customers.
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The global NVH testing market is segmented in terms of type, end use industry, and geographical locations. As per type, the NVH testing software market is sub segmented into hardware and software. The software type is set to have a significant market share during the forecast period. As per end use industries, the global NVH testing market is sub segmented into automotive, aerospace, white goods and others. The automotive industry is likely to have a prominent market share in the global NVH testing market during the forecast period. As per geographical locations, the global NVH testing market is divided into five regions namely- North America, South America, Middle East & Africa, Europe, and Asia Pacific. Owing to the prominent growth of the automotive industry, the European region is projected to have a significant share of the global NVH testing market during the forecast period.
The global market for NVH testing market consists of various players. Some of the key players are National Instruments, GRAS Sound & Vibration, Brüel & Kjær, HEAD acoustics, imc Meßsysteme GmbH, Siemens PLM Software, m+p international, Dewesoft, Prosig , and Signal.X.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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