Automotive Acoustic Engineering Services Market worth $4.80 Billion by 2027: Allied Market Research| Key Player - Autoneum, Bertrandt AG, Brüel & Kjær, EDAG Engineering GmbH, FEV Group GmbH, HEAD acoustics GmbH

Government regulations regarding noise pollution and customer preference for enhanced cabin comfort and luxury features drive the growth of the global automotive acoustic engineering services market. However, high initial investment and rise in utilization of used acoustic testing equipment hinder the market growth. On the other hand, growing trend of engine downsizing create new opportunities in the coming years.

According to the report published by Allied Market Research, the global automotive acoustic engineering services market generated $2.61 billion in 2019, and is estimated to reach $4.80 billion by 2027, registering a CAGR of 7.8% from 2020 to 2027. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenario.

Download Report Sample at https://www.alliedmarketresearch.com/request-sample/6892

COVID-19 Scenario:
• During the coronavirus pandemic, all the automotive acoustic engineering services have been banned globally to control the spread of the virus.
• Moreover, the demand for the commercial and electric vehicle has been reduced due to the restrictions on operations in the automobile industry during the global lockdown.
The report offers a detailed segmentation of the global automotive acoustic engineering services market based on offering, software, application, vehicle type, and region.

Get detailed COVID-19 impact analysis on the Automotive Acoustic Engineering Services Market Request Here!

Based on vehicle type, the passenger vehicle segment contributed to the largest share in 2019, accounting for nearly two-thirds of the total share, and is estimated to maintain its dominant position during the forecast period. However, the electric vehicle segment is expected to register the highest CAGR of 14.2% from 2020 to 2027.

Based on software, the simulation segment accounted for the largest share in 2019, holding more than two-fifths of the total share, and is expected to maintain the largest share throughout the forecast period. However, the vibration segment is estimated to portray the highest CAGR of 8.2% during the forecast period.

Interested to Procure The Data? Inquire here at https://www.alliedmarketresearch.com/purchase-enquiry/6892

Based on region, Asia-Pacific contributed the highest share, accounting for nearly one-third of the total market share in 2019, and will maintain its dominance throughout the forecast period. However, Europe is expected to grow at the highest CAGR of 8.7% from 2020 to 2027.

Leading market players analyzed in the automotive acoustic engineering services market research include AVL, Brüel & Kjær, Autoneum, Bertrandt AG, FEV Group GmbH, EDAG Engineering GmbH, Schaeffler Engineering GmbH, HEAD acoustics GmbH, STS Group AG., and Siemens Industry Software Inc.

Schedule a Call with Our Analysts/Industry Experts to Find Solution for Your Business at https://www.alliedmarketresearch.com/connect-to-analyst/6892

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.

This release was published on openPR.