NVH Testing Market Growing at the Fastest Rate in APAC Region

The report "NVH Testing Market with Covid-19 Impact Analysis by Type (Hardware, Software), Application (Impact Hammer Testing, Powertrain NVH, Sound Intensity Measurement, Pass-by-Noise, Vibration Testing), Vertical and Geography - Global Forecast to 2026", size is expected to grow from USD 1.9 billion in 2021 to USD 2.5 billion by 2026, at a CAGR of 5.5%. The market has a promising growth potential due to growing adoption of NVH testing solutions especially in automotive & transportation and power & energy verticals along with aerospace & defense and industrial equipment vertical in the near future. Stringent government regulations to reduce noise pollution, a paradigm shift towards electrification of vehicles and rising need for NVH testing solutions in applications such as impact hammer testing and powertrain NVH testing, sound intensity measurement and sound quality testing and so on are driving the growth of NVH testing market.

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The market has declined in 2020, mainly due to the impact of COVID-19. The supply chain was disrupted in 2020 due to the lockdown imposed by various governments and labor shortages in these industries due to travel restrictions, that affected the NVH testing market. Though the market was impacted in 2020, it is expected to fully recover by 2021.

Hardware type is expected to contribute the largest market share during the forecast period

The hardware segment is expected to continue to account for the larger share of the NVH testing market during the forecast period. The increasing use of mechanical and electronic systems comprising hardware components in automotive & transportation, aerospace & defense, and industrial equipment verticals has led to a larger size of the hardware segment in the NVH testing market. Hardware include meters, sensors and transducers, analyzers, data acquisition systems, and other components used on a large scale for NVH testing. For instance, a variety of companies provide data acquisition systems which are the most expensive among other hardware, which ultimately contributes to the growth of the hardware segment. In addition to this, manufacturers need to meet the established requirements laid out by governing bodies such as the Environmental Protection Agency. Severe noise and vibration emitted by products are harmful to the human body. These are a few of the major driving factors for the growth of the market of hardware in NVH testing.

Automotive & transportation is expected to have the largest market share during the forecast period

The market for automotive & transportation vertical is expected to have significantly the largest market share during the forecast period. The growing trend of technology-driven solutions in the automotive industry and the rising need for NVH testing for various applications (including NVH powertrain testing, impact hammer testing, whole body vibration testing, interior noise testing, pass-by noise testing) drives the growth of the automotive & transportation vertical. The increasing trend of electric and hybrid electric vehicles is encouraging manufacturers to develop novel NVH solutions for the testing of such vehicles. This has led to a significant contribution to the market of NVH testing solutions in automobile industry.

Asia Pacific is expected to grow at the highest rate
The market in APAC is expected to grow at the highest rate during 2021–2026. The global market players are experiencing increased demand for NVH testing solutions from countries such as China, Japan, India and South Korea. High investments in development of manufacturing facilities in countries such as China and India is also driving the growth of the said market in APAC. Furthermore, growing urbanization, rising disposable income, replacement needs, strict safety regulations, and technological innovations also help to drive the demand for NVH testing solutions in APAC.

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Major players in the NVH testing market include National Instruments (US), Siemens Digital Industries Software (US), Brüel & Kjær (Denmark), HEAD acoustics (Germany), imc Test & Measurement (Germany), Dewesoft (Slovenia), GRAS Sound & Vibration (Denmark), Prosig (UK), m+p international (Germany), and Signal.X (US)among others.

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This release was published on openPR.