According to The Business Research Company’s Automotive Acoustic Engineering Services, The automotive acoustic engineering services market size has grown rapidly in recent years. It will grow from <b>$7.77 billion in 2023 to $8.63 billion in 2024 at a compound annual growth rate (CAGR) of 11.2%. </b> The growth in the historic period can be attributed to increased consumer demand for quieter vehicles, advancements in automotive audio and entertainment systems, focus on enhancing overall vehicle comfort and ride quality, stringent regulations for noise pollution and emission standards, integration of acoustic engineering in luxury and premium vehicle segments..
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The automotive acoustic engineering services market size is expected to see rapid growth in the next few years. It will grow to <b>$13.01 billion in 2028 at a compound annual growth rate (CAGR) of 10.8%. </b> The growth in the forecast period can be attributed to rise in electric and hybrid vehicle adoption, growing emphasis on reducing overall vehicle weight for fuel efficiency, increasing demand for personalized in-car audio experiences, integration of acoustic engineering in autonomous vehicle development, rising demand for suvs. Major trends in the forecast period include application of machine learning for noise prediction and control, adoption of active noise control systems in vehicles, collaboration between automotive and audio industry players, customization of acoustic solutions for electric and autonomous vehicles, technological advancements in noise cancellation and soundproofing, .The increase in sales of SUVs and MUVs are expected to propel the growth of the automotive acoustic engineering services market going forward. Sports utility vehicles (SUVs) refer to a class of vehicle that is elevated off the ground, frequently has four-wheel drive, and has a rough appearance. Automotive acoustic engineering services help SUVs and MUVs by providing soundproofing solutions to lower engine noise. For instance, in December 2021, according to an article shared by the International Energy Agency, a France-based autonomous intergovernmental organization, throughout the pandemic, global SUV sales have been shown to be remarkably resilient, increasing by more than 10% between 2020 and 2021. SUV sales are expected to reach a new high in 2021 in terms of volume and market share, accounting for more than 45% of all new car sales worldwide. SUV sales are still rising quickly in several nations, including the United States, India, and Europe. Therefore, increasing sales of SUVs and MUVs are driving the automotive acoustic engineering services market
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The automotive acoustic engineering services market covered in this report is segmented –
1) By Offering: Physical Acoustic Testing, Virtual Acoustic Testing
2) By Software: Vibration, Simulation, Signal analysis, Calibration
3) By Vehicle: Passenger Vehicle, Commercial Vehicle, Electric Vehicles
4) By Application: Interior, Body & Structure, Powertrain, Drivetrain Technological advancements are a key trend gaining popularity in the automotive acoustic engineering services market. Major companies operating in the automotive acoustic engineering services market are introducing new technologies to sustain their position in the market. For instance, in May 2022, Harman International Industries, a US-based audio electronics company, launched JBL’s “Virtual Venues” technology in Fiat New 500 “La Prima by Bocelli”. The JBL Premium Audio system is meticulously calibrated to deliver exceptional acoustics and sound quality across various music genres and podcast content, ensuring an unparalleled audio experience. This sound system boasts user-friendly simplicity and intuitive operation, coupled with a plethora of state-of-the-art technologies. The JBL premium sound system provides a unique audio experience that enriches the quiet ambiance of an electric car.
The automotive acoustic engineering services market report table of contents includes:
- Executive Summary
- Automotive Acoustic Engineering Services Market Characteristics
- Automotive Acoustic Engineering Services Market Trends And Strategies
- Automotive Acoustic Engineering Services Market – Macro Economic Scenario
- Global Automotive Acoustic Engineering Services Market Size and Growth
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- Global Automotive Acoustic Engineering Services Market Competitive Benchmarking
- Global Automotive Acoustic Engineering Services Market Competitive Dashboard
- Key Mergers And Acquisitions In The Automotive Acoustic Engineering Services Market
- Automotive Acoustic Engineering Services Market Future Outlook and Potential Analysis
- Appendix
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