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Automotive Acoustic Engineering Services Market: Key Drivers, Trends, Growth, Outlook 2024-2033
Automotive Acoustic Engineering Services Market
As per the report, the automotive acoustic engineering services market size has grown rapidly in recent years. It will grow from $7.77 billion in 2023 to $8.63 billion in 2024 at a compound annual growth rate (CAGR) of 11.2%. The automotive acoustic engineering services market size is expected to see rapid growth in the next few years. It will grow to $13.01 billion in 2028 at a compound annual growth rate (CAGR) of 10.8%.
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Rising Suv And Muv Sales Fuel Automotive Acoustic Engineering Services Market Growth
The increase in sales of SUVs and MUVs are expected to propel the growth of the automotive acoustic engineering services market going forward. 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. For instance, in December 2021, according to an article shared by the International Energy Agency, a France-based autonomous intergovernmental organization, throughout the pandemic, global SUV sales have been shown to be remarkably resilient, increasing by more than 10% between 2020 and 2021. SUV sales are expected to reach a new high in 2021 in terms of volume and market share, accounting for more than 45% of all new car sales worldwide. SUV sales are still rising quickly in several nations, including the United States, India, and Europe. Therefore, increasing sales of SUVs and MUVs are driving the automotive acoustic engineering services market.
Technological Advancements Transforming The Automotive Acoustic Engineering Services Market
Technological advancements are a key trend gaining popularity in the automotive acoustic engineering services market. Major companies operating in the automotive acoustic engineering services market are introducing new technologies to sustain their position in the market. For instance, in May 2022, Harman International Industries, a US-based audio electronics company, launched JBL's ""Virtual Venues"" technology in Fiat New 500 "La Prima by Bocelli". The JBL Premium Audio system is meticulously calibrated to deliver exceptional acoustics and sound quality across various music genres and podcast content, ensuring an unparalleled audio experience. This sound system boasts user-friendly simplicity and intuitive operation, coupled with a plethora of state-of-the-art technologies. The JBL premium sound system provides a unique audio experience that enriches the quiet ambiance of an electric car.
The automotive acoustic engineering services market covered in this report is segmented -
1) By Offering: Physical Acoustic Testing, Virtual Acoustic Testing
2) By Software: Vibration, Simulation, Signal analysis, Calibration
3) By Vehicle: Passenger Vehicle, Commercial Vehicle, Electric Vehicles
4) By Application: Interior, Body & Structure, Powertrain, Drivetrain
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Major companies operating in the automotive acoustic engineering services market report are AVL List GmbH, Autoneum Holdings AG, Bertrandt AG, Brüel & Kjær Vibro GmbH, EDA Engineering GmbH, FEV Group GmbH, HEAD acoustics GmbH, Schaeffler Engineering GmbH, Siemens Industry Software Inc, STS Group AG, IAC Acoustics, a division of Sound Seal Inc., Carcouistics, 3M Company, Dun & Bradstreet Inc., AZL Aachen GmbH, Robert Bosch GmbH, Continental AG, Adler Pelzer Holding GmbH, Kiwa NV, TÜV Rheinland Group, Eurofins Scientific SE, SEMISTRAS Group Inc., Element Materials Technology, SAI Global Limited, Lloyd's Register Group Limited, National Technical Systems Inc., UL LLC, Exova Group Limited, Harman International, Vibro-Meter SA, Sound Answers Inc., Acoustic Design & Testing LLC
Contents of the report:
1. Executive Summary
2. Automotive Acoustic Engineering Services Market Report Structure
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
…..
27. Automotive Acoustic Engineering Services Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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