Press release
Soaring Demand Set to Propel Automotive Acoustic Engineering Services Market to $14.55 Billion by 2029
Automotive Acoustic Engineering Services
What Is the Expected CAGR for the Automotive Acoustic Engineering Services Market Through 2025?
The expansion of the automotive acoustic engineering services market has been swift over previous years. The market is projected to escalate from $8.59 billion in 2024 to $9.58 billion in 2025, with a compound annual growth rate (CAGR) of 11.5%. The growth during the historical period is due to factors like rising consumer preference for less noisy vehicles, innovations in car audio and entertainment systems, an emphasis on improving total vehicle comfort and ride quality, strict regulations on noise pollution and emission standards, and incorporation of acoustic engineering in high-end and premium vehicle categories.
What's the Projected Size of the Global Automotive Acoustic Engineering Services Market by 2029?
In the coming few years, the automotive acoustic engineering services market is poised to experience accelerated growth. By 2029, projections estimate that the market will swell to $14.55 billion, with a compound annual growth rate (CAGR) of 11.0%. This anticipated expansion during the projection period can be linked to the escalating adoption of electric and hybrid cars, rising focus on curtailing vehicle weight to augment fuel efficiency, growing preference for personalised in-car audio experiences, the integration of acoustic engineering in the design and development of self-driving vehicles, and an increasing demand for SUVs. Significant trends for the forecast period encompass the deployment of machine learning to predict and manage noise, increasing utilization of active noise control systems in automobiles, collaborations between the automotive sector and audio industry, bespoke acoustic solutions for electric and self-navigating vehicles, as well as technological breakthroughs in soundproofing and noise reduction.
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Top Growth Drivers in the Automotive Acoustic Engineering Services Industry: What's Accelerating the Market?
The automotive acoustic engineering services market is predicted to experience growth owing to the rising sales of SUVs and MUVs. The term SUV refers to a breed of automobile that is typically set slighter higher off the ground, often equipped with four-wheel drive, and sporting a more rugged look. These types of vehicles greatly benefit from automotive acoustic engineering services as these services offer soundproofing solutions to reduce the noise emanating from the engine. In support of this, the European Federation for Transport and Environment, a non-governmental agency based out of Belgium, reported in February 2024 that sales of SUVs in the UK have skyrocketed by 23% since 2022. The jump was from 910,000 new vehicles registered in 2022 to about 1.12 million, showing an increase of nearly a third. Consequently, the upsurge in sales of SUVs and MUVs are fueling the expansion of the automotive acoustic engineering services market.
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What Trends Will Shape the Automotive Acoustic Engineering Services Market Through 2029 and Beyond?
A significant trend gaining traction in the automotive acoustic engineering services sector is the advancement of technologies. To maintain their market dominance, major firms in the field continue to innovate with new technologies. For instance, Harman International Industries, an American audio electronics firm, debuted 'Virtual Venues' technology from JBL in the Fiat New 500 "La Prima by Bocelli" in May 2022. With exceptional acoustics and sound quality across various music genres and podcast content, the JBL Premium Audio system is precisely adjusted for unrivalled audio enjoyment. The system is notable for its ease of use and intuitive interface, enhanced by a variety of cutting-edge technologies. The JBL premium sound system delivers a distinct audio experience that complements the serene atmosphere of an electric car.
What Are the Main Segments in the Automotive Acoustic Engineering Services Market?
The automotive acoustic engineering servicesmarket 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 Top Companies are Driving Growth in the Automotive Acoustic Engineering Services Market?
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 Will Dominate the Automotive Acoustic Engineering Services Market Through 2029?
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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