(MENAFN- GlobeNewsWire - Nasdaq) Virtual Acoustic Testing Projected to Generate Revenues of US$4.4 Billion by 2030Dublin, Dec. 24, 2024 (GLOBE NEWSWIRE) -- The "Automotive Acoustic Engineering Services - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Automotive Acoustic Engineering Services was estimated at US$4.3 Billion in 2023 and is projected to reach US$7 Billion by 2030, growing at a CAGR of 7.2% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the Automotive Acoustic Engineering Services market is driven by several dynamic factors, including the surge in electric vehicle production, increasing demand for enhanced in-cabin experiences, and stricter regulatory noise standards aimed at reducing environmental noise pollution. With the rising popularity of electric and hybrid vehicles, manufacturers face unique acoustic challenges as traditional engine noise is reduced, making sounds from tires, road surfaces, and airflow more noticeable. This shift in sound profile has created an urgent need for advanced acoustic engineering services that can manage these new sources of noise to ensure that the cabin remains quiet and comfortable.
Consumer demand for more refined, luxury-level in-cabin experiences is also fueling market growth, as buyers increasingly expect high-quality, noise-controlled environments for both comfort and enjoyment. Regulations are another significant driver, as governments worldwide implement strict vehicle noise standards, particularly in high-density urban areas and regions with a focus on sustainability. These regulations require vehicles to maintain low external noise levels and, in the case of electric vehicles, to emit artificial sounds for pedestrian safety, which has increased demand for specialized acoustic engineering expertise.
Furthermore, advancements in acoustic technology, including AI-based simulation tools, digital prototyping, and new sound-dampening materials, have made these services more efficient and accessible, encouraging automakers to integrate acoustic engineering more comprehensively throughout the design and production process. Together, these factors underscore the critical role of Automotive Acoustic Engineering Services in today's market, making it a cornerstone of modern vehicle development and brand differentiation in a competitive automotive landscape.
Scope of the Study
The report analyzes the Automotive Acoustic Engineering Services market, presented in terms of market value (US$ Million). The analysis covers the key segments and geographic regions outlined below.
Segments
Offering (Virtual Acoustic Testing, Physical Acoustic Testing); Software (Simulation, Vibration, Calibration, Signal Analysis); Application (Interior, Body & Structure, Powertrain, Drivetrain, Other Applications).
Geographic Regions/Countries
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
Key Insights:
Market Growth: Understand the significant growth trajectory of the Virtual Acoustic Testing segment, which is expected to reach US$4.4 Billion by 2030 with a CAGR of a 7%. The Physical Acoustic Testing segment is also set to grow at 7.6% CAGR over the analysis period. Regional Analysis: Gain insights into the U.S. market, valued at $1.2 Billion in 2023, and China, forecasted to grow at an impressive 6.8% CAGR to reach $1.1 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Key Questions Answered:
How is the Global Automotive Acoustic Engineering Services Market expected to evolve by 2030? What are the main drivers and restraints affecting the market? Which market segments will grow the most over the forecast period? How will market shares for different regions and segments change by 2030? Who are the leading players in the market, and what are their prospects?
Report Features:
Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030. In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa. Company Profiles: Coverage of major players in the Global Automotive Acoustic Engineering Services Market such as Adler Pelzer, Autoneum, AVL GmbH, AZL, Bertrandt and more. Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Some of the 42 companies featured in this Automotive Acoustic Engineering Services Market report include:
Adler Pelzer Autoneum AVL GmbH AZL Bertrandt Bruel & Kjar Continental Data Physics Corporation EDAG Engineering FEV
Key Attributes
Report Attribute | Details |
No. of Pages | 93 |
Forecast Period | 2023-2030 |
Estimated Market Value (USD) in 2023 | $4.3 Billion |
Forecasted Market Value (USD) by 2030 | $7 Billion |
Compound Annual Growth Rate | 7.2% |
Regions Covered | Global |
MARKET OVERVIEW
Influencer Market Insights World Market Trajectories Global Economic Update Automotive Acoustic Engineering Services - Global Key Competitors Percentage Market Share in 2024 Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024
MARKET TRENDS & DRIVERS
Rising Demand for Improved Cabin Comfort Drives Growth in Automotive Acoustic Engineering Services Increasing Focus on Noise, Vibration, and Harshness (NVH) Reduction Fuels Adoption of Acoustic Engineering Here`s How Advances in Simulation Tools Enhance Efficiency in Acoustic Engineering Growing Popularity of Electric Vehicles (EVs) Expands Need for Acoustic Optimization Services Rising Consumer Expectations for Quiet and Comfortable Driving Experiences Boost Demand for Acoustic Solutions Increasing Use of Lightweight Materials in Automotive Design Drives Demand for Noise Mitigation Services Here`s How Stringent Noise Regulations Propel Growth in Automotive Acoustic Engineering Focus on Reducing Engine and Road Noise Supports Innovation in Acoustic Materials and Treatments Advances in Virtual Prototyping Enable Faster Development in Acoustic Testing and Simulation Growing Adoption of Active Noise Control (ANC) Technologies Expands Scope of Acoustic Engineering Here`s How Acoustic Engineering Enhances Sound Quality for In-Car Entertainment Systems Rising Demand for Customizable Sound Profiles Drives Demand for Acoustic Branding in Vehicles Increasing Integration of Autonomous Driving Systems Expands Market for Acoustic Safety Features
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Automotive Acoustic Engineering Services Market
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