The global automotive acoustic engineering service market is expected to reach an estimated $7.5 billion by 2030 with a CAGR of 7.8% from 2024 to 2030.
The major drivers for this market are rising adoption of electric vehicles, increasing stringent regulations towards vehicle's noise, and on-going advancements in simulation and testing. The future of the global automotive acoustic engineering service market looks promising with opportunities in the drivetrain, powertrain, body & structure, and interior markets.
Within this market, interior will remain the largest segment due to growing customers' desire for improved comfort and a silent cabin.
Europe is expected to witness highest growth over the forecast period due to rising demand of electric vehicles and presence of many service provider that offers both physical as well as virtual acoustic testing and engineering of automotive components in the region.
Answer: The global automotive acoustic engineering service market is expected to reach an estimated $7.5 billion by 2030.
Q2. What is the growth forecast for automotive acoustic engineering service market?
Answer: The global automotive acoustic engineering service market is expected to grow with a CAGR of 7.8% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the automotive acoustic engineering service market?
Answer: The major drivers for this market are rising adoption of electric vehicles, increasing stringent regulations towards vehicle's noise, and on-going advancements in simulation and testing.
Q4. What are the major segments for automotive acoustic engineering service market?
Answer: The future of the automotive acoustic engineering service market looks promising with opportunities in the drivetrain, powertrain, body & structure, and interior markets.
Q5. Who are the key automotive acoustic engineering service market companies?
Answer: Some of the key automotive acoustic engineering service companies are as follows:
Answer: The publisher forecasts that passenger car segment will remain the largest segment over the forecast period due to the rising need for alternative powertrains in passenger cars.
Q7. In automotive acoustic engineering service market, which region is expected to be the largest in next 5 years?
Answer: Europe is expected to witness highest growth over the forecast period due to rising demand of electric vehicles and presence of many service provider that offers both physical as well as virtual acoustic testing and engineering of automotive components in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, the publisher provides 10% customization without any additional cost.
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
This product will be delivered within 1-3 business days.
The major drivers for this market are rising adoption of electric vehicles, increasing stringent regulations towards vehicle's noise, and on-going advancements in simulation and testing. The future of the global automotive acoustic engineering service market looks promising with opportunities in the drivetrain, powertrain, body & structure, and interior markets.
Automotive Acoustic Engineering Service by Segment
The study includes a forecast for the global automotive acoustic engineering service by process, software, vehicle type, application, and region.Automotive Acoustic Engineering Service Market by Process [Shipment Analysis by Value from 2018 to 2030]:
- Designing
- Development
- Testing
Automotive Acoustic Engineering Service Market by Software [Shipment Analysis by Value from 2018 to 2030]:
- Calibration
- Signal Analysis
- Simulation
- Vibration
- Others
Automotive Acoustic Engineering Service Market by Vehicle Type [Shipment Analysis by Value from 2018 to 2030]:
- Light-Duty Vehicles
- Heavy-Duty Vehicles
- Electric & Hybrid Vehicles
Automotive Acoustic Engineering Service Market by Application [Shipment Analysis by Value from 2018 to 2030]:
- Drivetrain
- Powertrain
- Body & Structure
- Interior
- Others
Automotive Acoustic Engineering Service Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Automotive Acoustic Engineering Service Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies automotive acoustic engineering service companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automotive acoustic engineering service companies profiled in this report include:- AVL
- Siemens
- Bertrandt
- EDAG Engineering
- Schaeffler
- FEV
- Continental
Automotive Acoustic Engineering Service Market Insights
Passenger car segment will remain the largest segment over the forecast period due to the rising need for alternative powertrains in passenger cars.Within this market, interior will remain the largest segment due to growing customers' desire for improved comfort and a silent cabin.
Europe is expected to witness highest growth over the forecast period due to rising demand of electric vehicles and presence of many service provider that offers both physical as well as virtual acoustic testing and engineering of automotive components in the region.
Features of the Global Automotive Acoustic Engineering Service Market
- Market Size Estimates: Automotive acoustic engineering service market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Automotive acoustic engineering service market size by various segments, such as by process, software, vehicle type, application, and region in terms of value ($B).
- Regional Analysis: Automotive acoustic engineering service market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different processes, softwares, vehicle types, applications, and regions for the automotive acoustic engineering service market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the automotive acoustic engineering service market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the automotive acoustic engineering service market size?Answer: The global automotive acoustic engineering service market is expected to reach an estimated $7.5 billion by 2030.
Q2. What is the growth forecast for automotive acoustic engineering service market?
Answer: The global automotive acoustic engineering service market is expected to grow with a CAGR of 7.8% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the automotive acoustic engineering service market?
Answer: The major drivers for this market are rising adoption of electric vehicles, increasing stringent regulations towards vehicle's noise, and on-going advancements in simulation and testing.
Q4. What are the major segments for automotive acoustic engineering service market?
Answer: The future of the automotive acoustic engineering service market looks promising with opportunities in the drivetrain, powertrain, body & structure, and interior markets.
Q5. Who are the key automotive acoustic engineering service market companies?
Answer: Some of the key automotive acoustic engineering service companies are as follows:
- AVL
- Siemens
- Bertrandt
- EDAG Engineering
- Schaeffler
- FEV
- Continental
Answer: The publisher forecasts that passenger car segment will remain the largest segment over the forecast period due to the rising need for alternative powertrains in passenger cars.
Q7. In automotive acoustic engineering service market, which region is expected to be the largest in next 5 years?
Answer: Europe is expected to witness highest growth over the forecast period due to rising demand of electric vehicles and presence of many service provider that offers both physical as well as virtual acoustic testing and engineering of automotive components in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, the publisher provides 10% customization without any additional cost.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the automotive acoustic engineering service market by process (designing, development, and testing), software (calibration, signal analysis, simulation, vibration, and others), vehicle type (light-duty vehicle, heavy-duty vehicle, and electric & hybrid vehicle), application (drivetrain, powertrain, body & structure, interior, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
This product will be delivered within 1-3 business days.
Table of Contents
1. Executive Summary
2. Global Automotive Acoustic Engineering Service Market : Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- AVL
- Siemens
- Bertrandt
- EDAG Engineering
- Schaeffler
- FEV
- Continental
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
LOADING...
