Automotive Acoustic Engineering Services Market by Process (Development, Test, & Design) -by Software (Simulation, Calibration, Signal Analysis, & Vibration) -by Offering (Physical & Virtual) -by Vehicle type (Electric & ICE) –by Geography (North America, Europe, Asia Pacific, Middle East & Africa and Latin America).
In Offering, Virtual Testing segment is expected to be the largest segment in the automotive acoustic engineering services market during 2018-2026.
The automotive industry has witnessed a transition from physical testing to virtual testing and simulation practices. This transition helps to cut down the R&D cost associated with physical testing. Multiple prototypes of automotive components/complete vehicle assembly are virtually testing with different variables at a fraction of a cost to keep the noise level within the permissible range as suggested by regulatory authorities. Trending with this will be the key factor for this segment to growth via largest market in automotive acoustic engineering services market.
In Application, Body and Structure segment is estimated to be the fastest-growing market in the automotive acoustic engineering services market during the forecast period.
In application, body and structure will grow fastest due to its prime source of structure-borne noise in a vehicle. Vehicle components such as the instrument panel, steering, doors, tires, and suspension, infotainment, and telematics systems are mounted on the vehicle body and contribute the maximum noise that enters the cabin. The acoustic engineering for body & structure would involve the calculation and analyze the design and acoustical parameters to reduce the noise and vibration from vehicle.
Asia Pacific is expected to be fastest-growing market for Automotive acoustic engineering services market in 2026
Among region Asia is expected to grow at the highest CAGR during the forecast period. Rise in share of premium cars and increase in production of vehicle, Government initiatives and its safety for automobile sector are booming the market. Automotive acoustic engineering services in China, Japan, and India are another region with largest segment and trending key players. 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 key players of Automotive acoustic engineering services market include market share is consolidated, as the key multinational players occupy the major industry share. AVL GmbH, Siemens PLM Software, Bertrandt, EDAG Engineering, Schaeffler, FEV, Continental, IAV, Autoneum, STS Group, Head Acoustics, Brel & Kjr, Iac Acoustics, AZL, M+P International, Adler Pelzer, Quiet Acoustic Engineering, Vibratec, Tata Consultancy Services, Infosys, Data Physics Corporation and Signal.X Technologies. Production capacity expansion, brand portfolio expansion, mergers, collaborations and acquisitions are the key strategies adopted by the industry players. For instance, in 2018, FEV acquires 100% of shares in B&W FAHRZEUGENTWICKLUNG.
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