Global $4.04 Bn Automotive Acoustic Engineering Services Market Forecast to 2025

Monday, 24. September 2018 10:41

Dublin, Sept. 24, 2018 (GLOBE NEWSWIRE) -- The "Automotive Acoustic Engineering Services Market by Process, Offering, Application, Vehicle Type & Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

OEM's Focus on the reduction of R&D costs and lower product development time and rising customer preference for enhanced cabin comfort and luxury features have boosted the demand for acoustic engineering services

The automotive acoustic engineering services market is projected to grow at a CAGR of 7.42% during the forecast period, to reach a market size of USD 4.04 billion by 2025 from USD 2.45 billion in 2018.

Factors such as the introduction of stringent regulatory norms pertaining to vehicle noise for ICE, electric & hybrid vehicles and increasing customer preference for enhanced cabin comfort and luxury features are expected to drive the growth of this market. Alternatively, the increased usage of rental & used acoustic testing equipment, high capital investment, and entry barriers are some of the few concerns of this market.

Virtual Acoustic Testing is projected to grow at the highest rate in the automotive acoustic engineering services market, by offering, during the forecast period

The automotive industry has witnessed a transition from physical testing to virtual testing and simulation practices. This transition helps reduce the R&D cost associated with physical testing and saves development time. Multiple prototypes of automotive components/complete vehicle assembly are virtually tested with different variables at a fraction of a cost to keep the noise level within the permissible range as suggested by regulatory authorities. According to a primary respondent, companies usually spend 70% of the time on virtual testing for a new product launch. Global automotive manufacturers are outsourcing projects for virtual vehicle testing that would bring immense business opportunities for virtual acoustic testing service providers such as TCS, Infosys, Siemens, HP, Accenture, and Intel in the coming years.

Body & Structure is projected to lead the automotive acoustic engineering services market, by application, during the forecast period

Body & structure is a prime source of structure-borne noise in a vehicle. Vehicle components such as the instrument panel, steering, doors, tires, suspension, infotainment, and telematics systems are mounted on the vehicle body and contribute the maximum noise that enters the cabin. Thus, the acoustic engineering for body & structure would involve the calculation and analyzing the design and acoustical parameters to reduce the noise and vibration. As per a primary insight, key OEMs including Volkswagen, Ford, Hyundai, and BMW are sending the body in white (BIW) for acoustic testing. Also, stringent norms for emission level reduction and increased fuel efficiency have driven focus on vehicle light-weighting.

A study published by Siemens suggests that a 10% reduction in body weight increases the fuel economy by 6%-8%. Thus, the usage of lightweight materials such as high strength steel (HSS), aluminum (Al), magnesium, and titanium has increased significantly, which in turn has accentuated the need for enhanced acoustical refinement to restrict the structural-borne noise. Thus, body & structure is a key focus area for OEMs that spurs the demand for acoustic engineering services market.

Europe Middle East & Africa (EMEA) and Asia Pacific are expected to be the largest and fastest growing markets for automotive acoustic engineering services, respectively

EMEA is estimated to be the largest market for automotive acoustic engineering services due to the high demand for premium vehicles in key European countries such as Germany, France, and the UK. As per MarketsandMarkets analysis, the share of premium cars in the total passenger car production in Germany & France was estimated to be nearly 81-83% and 75-77% in 2017, respectively. By 2025, the share of premium cars in these two countries is expected to reach 92-93% and 82-84%, respectively. The increasing demand for premium cars has accentuated the need to improve noise simulation and calibration, which can be achieved with the help of acoustic engineering practices. Thus, the increasing sale of premium cars, which is projected to show linear growth, would drive the market for automotive acoustic engineering services in Europe.

Asia Pacific is estimated to be the fastest growing market for automotive acoustic engineering services. China, Japan, and India are the key markets for acoustic engineering services owing to increased vehicle production in these countries. Also, these countries along with some others are gaining new projects from foreign OEMs and Tier-1's due to the presence of technology giants such as TCS, Infosys, and HP. The increasing preference of customers for superior cabin comfort with quieter characteristics and growing number of outsourcing projects in the Asian countries would fuel the market for acoustic engineering services in the future.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

4.1 Automotive Acoustic Engineering Services - Global Market & Forecast
4.2 Automotive Acoustic Engineering Services Market, By Region
4.3 Automotive Acoustic Engineering Services Market, By Process
4.4 Automotive Acoustic Engineering Services Market, By Offering
4.5 Automotive Acoustic Engineering Services Market, By Software
4.6 Automotive Acoustic Engineering Services Market, By Application
4.7 Automotive Acoustic Engineering Services Market, By Vehicle Type

5 Market Overview

5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Government Regulations Pertaining to Vehicle Noise
5.2.1.2 Rising Customer Preference for Enhanced Cabin Comfort and Luxury Features
5.2.1.2.1 Increase in the Sales of Premium Vehicles
5.2.1.2.2 Rising Sales of Sport Utility Vehicles (Suv)/Multi Utility Vehicles (Muv)
5.2.2 Restraints
5.2.2.1 Increased Usage of Rental and Used Acoustic Testing Equipment
5.2.2.2 High Capital Investment and Entry Barriers
5.2.3 Opportunities
5.2.3.1 Rising Trend of Engine Downsizing
5.2.4 Challenges
5.2.4.1 Acoustical Challenge for Electric Vehicles

6 Automotive Acoustic Engineering Services Market, By Process

6.1 Introduction
6.2 Designing
6.3 Development
6.4 Testing

7 Automotive Acoustic Engineering Services Market, By Offering

7.1 Introduction
7.2 Physical Acoustic Testing
7.3 Virtual Acoustic Testing

8 Automotive Acoustic Engineering Services Market, By Software

8.1 Introduction
8.2 Calibration
8.3 Signal Analysis
8.4 Simulation
8.5 Vibration
8.6 Others

9 Automotive Acoustic Engineering Service Market, By Application

9.1 Introduction
9.2 Drivetrain
9.3 Powertrain
9.4 Body & Structure
9.5 Interior
9.6 Others

10 Automotive Acoustic Engineering Services Market, By Vehicle Type

10.1 Introduction
10.2 Light-Duty Vehicles (LDV)
10.3 Heavy-Duty Vehicles (HDV)
10.4 Electric & Hybrid Vehicles

11 Automotive Acoustic Engineering Services Market, By Region

12 Competitive Landscape

12.1 Overview
12.2 Automotive Acoustic Engineering Services Market: Market Ranking Analysis
12.3 Competitive Scenario
12.3.1 Expansions
12.3.2 Joint Ventures/Collaborations/Partnerships
12.3.3 New Product Developments
12.3.4 Mergers & Acquisitions

13 Company Profile

13.1 AVL GmbH
13.2 Siemens PLM Software
13.3 Bertrandt
13.4 EDAG Engineering
13.5 Schaeffler
13.6 FEV
13.7 Continental
13.8 IAV
13.9 Autoneum
13.10 STS Group
13.11 Head Acoustics
13.12 Brel & Kjr
13.13 Additional Company Profiling
13.13.1 Europe
13.13.1.1 Iac Acoustics
13.13.1.2 AZL
13.13.1.3 M+P International
13.13.1.4 Adler Pelzer
13.13.1.5 Quiet Acoustic Engineering
13.13.1.6 Vibratec
13.13.2 Asia Pacific
13.13.2.1 Tata Consultancy Services
13.13.2.2 Infosys
13.13.3 Americas
13.13.3.1 Data Physics Corporation
13.13.3.2 Signal.X Technologies

For more information about this report visit https://www.researchandmarkets.com/research/8rp335/global_4_04_bn?w=12


CONTACT: ResearchAndMarkets.com
         Laura Wood, Senior Manager
         press@researchandmarkets.com
         For E.S.T Office Hours Call 1-917-300-0470
         For U.S./CAN Toll Free Call 1-800-526-8630
         For GMT Office Hours Call +353-1-416-8900

22157.jpg

Related Links: 
Author:
Copyright GlobeNewswire, Inc. 2016. All rights reserved.
You can register yourself on the website to receive press releases directly via e-mail to your own e-mail account.