Press release
Automotive Acoustic Engineering Services Market Expansion Continues, with Forecast Valuation of $14.47 Billion by 2029
Automotive Acoustic Engineering Services
Automotive Acoustic Engineering Services Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent years, there has been a significant increase in the size of the automotive acoustic engineering services market. The market growth is expected to rise from $8.59 billion in 2024 to $9.55 billion in 2025, with a compound annual growth rate (CAGR) of 11.2%. Factors contributing to the expansion in the past include heightened consumer desire for quieter cars, progress in automotive audio and entertainment systems, emphasis on improving vehicle comfort and ride quality, strict noise pollution and emission standards, and the incorporation of acoustic engineering into luxury and premium vehicular sectors.
Automotive Acoustic Engineering Services Market Size Forecast: What's the Projected Valuation by 2029?
The market for automotive acoustic engineering services is projected to expand rapidly in the coming years, reaching a value of $14.47 billion in 2029 with a compound annual growth rate (CAGR) of 10.9%. This imminent growth in the predicted period can be credited to factors like an increase in the uptake of electric and hybrid vehicles, a heightened focus on lessening the overall weight of vehicles to increase fuel efficiency, a rising demand for tailored in-vehicle audio experiences, the incorporation of acoustic engineering in the development of self-driving cars, and an escalating demand for SUVs. The forecast period is also expected to witness key trends such as the use of machine learning for noise prediction and control, the implementation of active noise control systems in vehicles, partnerships between automotive and audio industry stakeholders, customization of acoustic solutions for electric and autonomous vehicles, and advancements in technology for noise cancellation and soundproofing.
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What Are the Drivers Transforming the Automotive Acoustic Engineering Services Market?
The automotive acoustic engineering services market is anticipated to grow significantly due to the escalating sales of SUVs and MUVs. SUVs, or sports utility vehicles, are a type of vehicle typically characterized by their height above ground level, rough exterior, and often, four-wheel drive. Automotive acoustic engineering services assist these SUVs and MUVs by offering solutions to reduce engine noise. The European Federation for Transport and Environment, a non-governmental organization based in Belgium, in February 2024, revealed that SUV sales in the UK have experienced a 23% boost since 2022, escalating from 910,000 new registrations in that year to 1.12 million, marking a rise of almost a third. Consequently, the accelerated sales of SUVs and MUVs are fueling the expansion of the automotive acoustic engineering services market.
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What Long-Term Trends Will Define the Future of the Automotive Acoustic Engineering Services Market?
The automotive acoustic engineering services market is being shaped by key trends such as technological advancements. To maintain their competitive edge, main players in the industry are adopting and introducing innovative technologies. Take for instance, Harman International Industries, an American company specialised in audio electronics. In May 2022, they debuted the JBL's 'Virtual Venues' technology in Fiat's New 500 "La Prima by Bocelli". This cutting-edge JBL Premium Audio system is skillfully designed to provide exceptional sound quality and acoustics, regardless of the type of music or podcast being played, promising an unmatched audio experience. The audio system prides itself on its user-friendliness, intuitive operation, and its integration of various high-tech features. The distinctive audio experience offered by the JBL premium sound system further enhances the serene atmosphere of an electric vehicle.
Which Segments in the Automotive Acoustic Engineering Services Market Offer the Most Profit Potential?
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
Subsegments:
1) By Physical Acoustic Testing: Noise, Vibration, And Harshness (NVH) Testing, Sound Quality Assessment, Sound Level Measurement, Component Testing, Vehicle Testing
2) By Virtual Acoustic Testing: Simulation And Modeling, Finite Element Analysis (FEA), Computational Fluid Dynamics (CFD), Acoustic Prediction Software, Virtual Prototyping
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Which Firms Dominate the Automotive Acoustic Engineering Services Market by Market Share and Revenue in 2025?
Major companies operating in the automotive acoustic engineering services market include 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, 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
Which Regions Offer the Highest Growth Potential in the Automotive Acoustic Engineering Services Market?
Asia-Pacific was the largest region in the automotive acoustic engineering services market in 2024. The regions covered in the automotive acoustic engineering services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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