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Automotive Acoustic Engineering Services Size, Share, Industry Analysis And Forecast 2023-2032
Automotive Acoustic Engineering Services Market Report
The Business Research Company's Automotive Acoustic Engineering Services Global Market Report 2023 identifies the increase in sales of SUVs and MUVs as the major driver for the automotive acoustic engineering services market's growth in the forecast period. Sports utility vehicles (SUVs) refer to a class of vehicle that is elevated off the ground, frequently has four-wheel drive, and has a rough appearance. Automotive acoustic engineering services help SUVs and MUVs by providing soundproofing solutions to lower engine noise.
The global automotive acoustic engineering services market size grew from $7 billion in 2022 to $7.81 billion in 2023 at a compound annual growth rate (CAGR) of 11.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The automotive acoustic engineering services market size is expected to grow to $11.75 billion in 2027 at a CAGR of 10.8%.
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Major competitors in the automotive acoustic engineering services market are AVL, Autoneum, Bertrandt AG, Brüel & Kjr, EDAG Engineering GmbH, FEV Group GmbH, HEAD acoustics GmbH, Schaeffler Engineering GmbH, Siemens Industry Software Inc., STS Group AG, IAC Acounstics, Carcoustics, 3M, Dun & Bradstreet Inc., and AZL Aachen GmbH.
A key trend in the automotive acoustic engineering services market includes technological advancements. Major companies operating in the automotive acoustic engineering services market are introducing new technologies to sustain their position in the market. For instance, in February 2020, Hyundai, a South Korea-based automotive company, and HARMAN International, a US-based subsidiary of Samsung Electronics Co., launched the world's first active system for road-noise cancellation, Road-Noise Active Noise Control (RANC) system. By cancelling out undesirable noise coming from the tyres and road surfaces during driving, it lowers the noise level within the cabin. It is built on HALOsonic suite of noise cancellation technology and reduces unwanted noise by up to 50% to combat road noise and enhance driving experience.
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The automotive acoustic engineering services market is segmented -
•By Offering: Physical Acoustic Testing, Virtual Acoustic Testing
•By Software: Vibration, Simulation, Signal analysis, Calibration
•By Vehicle: Passenger Vehicle, Commercial Vehicle, Electric Vehicles
•By Application: Interior, Body & Structure, Powertrain, Drivetrain
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the automotive acoustic engineering services market.
The Business Research Company's "Global Automotive Acoustic Engineering Services Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Automotive Acoustic Engineering Services Market Include:
1. Executive Summary
2. Automotive Acoustic Engineering Services market Characteristics
3. Automotive Acoustic Engineering Services market Trends And Strategies
4. Automotive Acoustic Engineering Services market - Macro Economic Scenario
5. Automotive Acoustic Engineering Services market Size And Growth
……
26. Africa Automotive Acoustic Engineering Services market
27. Automotive Acoustic Engineering Services market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive Acoustic Engineering Services market
29. Automotive Acoustic Engineering Services market Future Outlook and Potential Analysis
30. Appendix
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