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Sound quality and the noise, vibration, and harshness (NVH) of the vehicles are critical aspects for automotive manufacturers to be looked upon. These factors impact the market attractiveness of the automobile and thereby the product competitiveness. Edging out contemporary vehicles, automakers have focused more on improving and enhancing the NVH factor in the vehicles. Acoustic engineering is that branch of science that enables the automobile makers to enhance the market attractiveness of their vehicles by reducing the unwanted noises in the vehicles.
MARKET SCOPE
The "Global Automotive Acoustic Engineering Services Market Analysis to 2028" is a specialized and in-depth study of the automotive acoustic engineering services market with a focus on the global market trend. The report aims to provide an overview of global automotive acoustic engineering services market with detailed market segmentation by solution type, application, software, vehicle type, and geography. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
? The global automotive acoustic engineering services market is segmented on the basis of solution type, application, software, vehicle type.
? Based on solution type, the market is segmented as physical testing, and virtual testing.
? On the basis of the application, the market is segmented as powertrain, drivetrain, and body and structure interior.
? On the basis of the software, the market is segmented as calibration, signal analysis, simulation, and vibration.
? On the basis of the vehicle type, the market is segmented as light duty vehicle, vehicle duty vehicle, and electric, and hybrid vehicle.
MARKET DYNAMICS
Drivers:
? Implementation of government regulations pertaining to reducing vehicle noise.
Rise in customer preference for enhanced cabin comfort & luxury features
Restraints:
? High investment cost related to automotive acoustic engineering services.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The automotive acoustic engineering services market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the automotive acoustic engineering services market in these regions.
IMPACT OF COVID-19 ON AUTOMOTIVE ACOUSTIC ENGINEERING SERVICES MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the automotive acoustic engineering services market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Automotive acoustic engineering services market market are anticipated to lucrative growth opportunities in the future with the rising demand for Automotive acoustic engineering services market in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the automotive acoustic engineering services market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
? AVL GmBH
? STS Group AG
? Siemens PLM Software
? IAV
? Schaeflerr Group
? Autoneum
? EDAG Engineering GmBH
? Bertrandt
? Continental AG
? Bruel & Kjaer