Automotive Acoustic Engineering Services Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Automotive Acoustic Engineering Services Market is Segmented by Process (Designing, Development and Testing), by Software (Calibration, Vibration and Others), by Vehicle Type (Light Duty Vehicles, Heavy Duty Vehicles and Electric & Hybrid Vehicles), and Geography.

Market Snapshot

Automotive Acoustic Engineering Services Market_Overview
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Europe
Largest Market: Europe
CAGR: >7 %

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Market Overview

The Automotive Acoustic Engineering Services Market is projected to grow with a CAGR of more than 7 % during the forecast period.

  • With the increase in demand for premium segment vehicles, SUVs/MUVs and Electric and hybrid vehicles, along with the government norms for reduction of vehicle noise to curb noise pollution. Also, the requirement of end users for less vibration and noise and a smoother, quieter ride.
  • In the year 2019, 28 million SUVs were sold globally with a growth rate of more than 1% compared to last year. The luxury car segment witnessed a demand of more than 8.3 million in the year 2018.
  • However, the high capital requirement for set up and usage of rental and used equipment can restrain the market growth as majority of the players in the market are opting for leasing or renting of the acoustic engineering solutions which costs them less, on as and when needed basis.

Scope of the Report

The Automotive Acoustic Engineering Services market report covers detailed study on latest trends and developments in automotive acoustic engineering services which is segmented by Process (Designing, Development and Testing), by Software (Calibration, Vibration and Others), by Vehicle Type (Light Duty Vehicles, Heavy Duty Vehicles and Electric & Hybrid Vehicles), and Geography. A detailed study on major players, their strategies, technological advancements, innovations and financials is also covered in the report.

By Process
Designing
Development
Testing
By Software
Calibration
Vibration
Others
By Vehicle Type
Light Duty
Heavy Duty
Electric and Hybrid

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Key Market Trends

Electric and Hybrid Vehicles Segment is Expected to Capture the Largest Market Share

By Vehicle type, Electric & Hybrid Vehicles are expected to capture the largest market share. The demand for electric and hybrid vehicles is increasing with a high growth rate and is expected to rise further during the forecast period. The demand for electric and hybrid vehicles is a result of growing awareness about harmful effects from conventional fuel vehicles and the strict government north to curb the growing pollution levels all around the world.

The governments are providing financial benefits in many countries to enhance the demand with an aim to become eco-friendly driving zones. For instance, in March 2019, 60% of total vehicles sold in Norway were entirely electric powered. The country offers high tax rates for fossil fuel-based vehicles and fairly low tax rates for electric vehicles and high government spending for development of infrastructure for electric vehicles is driving the demand in the country.

With the presence of an alternate powertrain has created new sources of noise such as the motor, HVAC, battery, tires, and several other low decibel noise from brake, acoustics, and rattle sounds from the vehicle that need to be addressed to improve the acoustical performance. As defined by NHTSA laws, electric & hybrid vehicles must have a minimum exterior sound requirement of 6.3 dB decibels while running at a speed of 30 kmph. The sound is required to be loud enough to be audible to a person who is having visual impairment and other pedestrians.

Automotive Acoustic Engineering Services Market_Key Market Trend1

Europe is Expected to be the Largest Market

Europe is expected to lead the world in automotive acoustic engineering services market during the forecast period. The region is home for several high-end luxury car manufacturers like, Audi, BMW, Volkswagen and others are spending heavily and focusing on acoustic engineering of their vehicles.

To meet their requirements for acoustic engineering services of these big players many engineering service providers are based in Europe in order to provide virtual as well as physical testing and engineering of automotive components and vehicle assembly to meet the requirement of OEMs in Europe and other parts of the world.

For instance, in April 2019, the engineering service provider Bosch has set up new facility in operation in Abstatt, Germany. The facility is equipped with a soundproof hemi-anechoic chamber isolated from the outside world, it provides efficient means of testing and comparing new or modified components and calibrations under uniform conditions and with a view to their impact on the overall vehicle. This reduces the cost and time involved in engineering new cars’ acoustics and optimizing legacy vehicles’ acoustics.

Automotive Acoustic Engineering Services Market_Key Market Trend2

Competitive Landscape

The Automotive Acoustic Engineering Services Market is concentrated, with a few players accounting for a major portion of market share. Some of the prominent companies in the Automotive Acoustic Engineering Services Market are Siemens, Robert Bosch, Autoneum, and Others.

For instance, in September 2019, Siemens Digital Industries Software announces the latest release of the Simcenter Testlab software suite, designed to help engineers make quicker decisions by increasing productivity in testing scenarios through new capabilities. In response to NVH challenges in vehicle electrification, the latest release covers the new minimum noise standards for Acoustic Vehicle Alerting System, introduces active sound design to create brand-specific sounds, and enhances sound quality engineering with high-quality interactive audio and video replay.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porters Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Process

      1. 5.1.1 Designing

      2. 5.1.2 Development

      3. 5.1.3 Testing

    2. 5.2 By Software

      1. 5.2.1 Calibration

      2. 5.2.2 Vibration

      3. 5.2.3 Others

    3. 5.3 By Vehicle Type

      1. 5.3.1 Light Duty

      2. 5.3.2 Heavy Duty

      3. 5.3.3 Electric and Hybrid

  6. 6. Geography

    1. 6.1 North America

      1. 6.1.1 United States

      2. 6.1.2 Canada

      3. 6.1.3 Rest of North America

    2. 6.2 Europe

      1. 6.2.1 Germany

      2. 6.2.2 United Kingdom

      3. 6.2.3 France

      4. 6.2.4 Italy

      5. 6.2.5 Rest of Europe

    3. 6.3 Asia-Pacific

      1. 6.3.1 China

      2. 6.3.2 India

      3. 6.3.3 Japan

      4. 6.3.4 South Korea

      5. 6.3.5 Rest of Asia-Pacific

    4. 6.4 Rest Of World

      1. 6.4.1 Mexico

      2. 6.4.2 Brazil

      3. 6.4.3 United Arab Emirates

      4. 6.4.4 Other Countries

  7. 7. COMPETITIVE LANDSCAPE

    1. 7.1 Vendor Market Share

    2. 7.2 Company Profiles

      1. 7.2.1 AVL GmbH

      2. 7.2.2 Siemens PLM Software

      3. 7.2.3 Robert Bosch GmbH

      4. 7.2.4 Bertrandt

      5. 7.2.5 Schaeffler

      6. 7.2.6 Autoneum

      7. 7.2.7 IAC Acounstics

      8. 7.2.8 Continental AG

      9. 7.2.9 EDAG Engineering

      10. 7.2.10 FEV

  8. 8. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Automotive Acoustic Engineering Services Market market is studied from 2018 - 2026.

The Automotive Acoustic Engineering Services Market is growing at a CAGR of >7% over the next 5 years.

Europe is growing at the highest CAGR over 2021- 2026.

Europe holds highest share in 2020.

Siemens PLM Software , Robert Bosch GmbH, Schaeffler , Continental AG , Autoneum are the major companies operating in Automotive Acoustic Engineering Services Market .

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