Global Automotive Acoustic Engineering Services Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Process;

Designing, Development and Testing.

By Offering;

Physical and Virtual.

By Software;

Calibration, Signal Analysis, Simulation and Vibration.

By Application;

Drivetrain, Powertrain, Body & Structure and Interior.

By Vehicle Type;

Light-Duty Vehicle, Heavy-Duty Vehicle and Electric & Hybrid Vehicle.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn158300889 Published Date: April, 2024 Updated Date: May, 2024

Introduction

Global Automotive Acoustic Engineering Services Market (USD Million), 2020 - 2030

In the year 2023, the Global Automotive Acoustic Engineering Services Market was valued at USD 3,338.11 million. The size of this market is expected to increase to USD 5,683.96 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 7.9%.

Acoustic engineering services play a crucial role in mitigating noise generated by various vehicle components, ensuring a comfortable internal environment while minimizing external noise pollution. With the rising demand for noise reduction in vehicles and stringent regulations governing noise emissions, automotive manufacturers worldwide are increasingly integrating acoustic testing equipment into their production processes. Furthermore, the introduction of software-based noise reduction technologies has spurred market growth, enabling manufacturers to develop quieter vehicles and enhance their market competitiveness.

The COVID-19 pandemic has significantly impacted the automotive acoustic engineering services market, leading to a sharp decline in demand across all regions. The pandemic-induced disruptions, including lockdowns and supply chain constraints, have adversely affected global auto production and sales. As a result, major automotive OEMs have halted production, causing financial losses and supply chain disruptions. The automotive industry faces unprecedented challenges due to production suspensions and reduced consumer demand, exacerbating the economic impact of the pandemic on automotive acoustic engineering services providers.

Amid the ongoing pandemic, the automotive industry continues to face challenges such as supply chain disruptions, production halts, and financial losses. Nationwide lockdowns in various countries have hindered cross-border trade and led to increased raw material prices. Major global OEMs are grappling with the financial implications of production suspensions and reduced consumer demand. For instance, the Society of Indian Automobile Manufacturers (SIAM) reported significant daily turnovers losses due to the shutdown of the automotive industry, underscoring the severe economic repercussions of the COVID-19 pandemic on automotive manufacturers worldwide.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Process
    2. Market Snapshot, By Offering
    3. Market Snapshot, By Software
    4. Market Snapshot, By Application
    5. Market Snapshot, By Vehicle Type
    6. Market Snapshot, By Region
  4. Global Automotive Acoustic Engineering Services Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Government Regulations Pertaining to Vehicle Noise
        2. Increase in the Sales of Premium Vehicles
        3. Rising Sales of Sport Utility Vehicles (SUV)/Multi Utility Vehicles (MUV)
        4. Increasing Customer Preference for Comfortable Cabin
      2. Restraints
        1. Increased Usage of Rental and Used Acoustic Testing EquipmenT
        2. High Capital Investment and Entry Barriers
        3. Rental and Used Acoustic Testing Equipment
        4. High Rental Cost of Acoustics Engineering Equipment
      3. Opportunities
        1. Vibration Damping Solutions
        2. Sound Insulation Technologies
        3. Noise Reduction Solutions
        4. Growing Popularity of Engine Downsizing
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Automotive Acoustic Engineering Services Market, By Process, 2020 - 2030 (USD Million)
      1. Designing
      2. Development
      3. Testing
    2. Global Automotive Acoustic Engineering Services Market, By Offering, 2020 - 2030 (USD Million)
      1. Physical
      2. Virtual
    3. Global Automotive Acoustic Engineering Services Market, By Software, 2020 - 2030 (USD Million)
      1. Calibration
      2. Signal Analysis
      3. Simulation
      4. Vibration
    4. Global Automotive Acoustic Engineering Services Market, By Application, 2020 - 2030 (USD Million)
      1. Drivetrain
      2. Powertrain
      3. Body & Structure
      4. Interior
    5. Global Automotive Acoustic Engineering Services Market, By Vehicle Type, 2020 - 2030 (USD Million)
      1. Light-Duty Vehicle
      2. Heavy-Duty Vehicle
      3. Electric & Hybrid Vehicle
    6. Global Automotive Acoustic Engineering Services Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spainux
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. AVL GmbH
      2. Siemens PLM Software
      3. Bertrandt
      4. EDAG Engineering
      5. Schaeffler
      6. FEV
      7. Continental
      8. IAV
      9. Autoneum
      10. STS Group
      11. Head Acoustics
      12. Bruel & Kjaer
  7. Analyst Views
  8. Future Outlook of the Market

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