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Nov 13, 2020 (Market Insight Reports) —
Selbyville, Delaware, According to the research report titled ‘Global Automotive Acoustic Engineering Services Market Size study, by Offering, by Software, by Application (Interior, Body & Structure, Powertrain, Drivetrain), by Vehicle Type and Regional Forecasts 2020-2027’, available with Market Study Report LLC, global automotive acoustic engineering services market was appraised at USD 2.6 billion in the year 2019 and is expected to grow with a CAGR of 7.8% between 2020 and 2027.
Increasing production and sales of automobiles along with strict regulatory scenario pertaining to vehicular noise pollution are key factors driving the growth of global automotive acoustic engineering services market.
Request a sample Report of Automotive Acoustic Engineering Services Market at:https://www.marketstudyreport.com/request-a-sample/2895880/?utm_source=Marketwatch.com/&utm_medium=SP
The OICA (International Organization of Motor Vehicle Manufacturers) stated that global production of passenger cars reached 65.7 million units in the year 2013, which then climbed to 67.1 million units in 2019. Thus, proliferating production of passenger vehicles has impelled the demand for automotive acoustic engineering services, which in turn is facilitating the business scenario.
It is to be noted that automotive acoustic engineering services consist of designing, simulation, and testing of noise or sound that originates from various vehicular components. Vehicle engine houses different components which ultimately generate severe noise.
STS Group AG, Siemens Digital Industries Software, Schaeffler Engineering GmbH, HEAD acoustics GmbH, FEV Europe GmbH, EDAG Production Solutions GmbH & Co. KG, Bruel & Kjær, Bertrandt AG, Autoneum Holding AG, and AVL are the major companies operating in global automotive acoustic engineering services industry.
Rising adoption of acoustic engineering services for noise cancellation applications is augmenting the overall industry size. However, inclination towards using rental acoustic testing tools and high capital investment requirement may hinder the remuneration scale of worldwide automotive acoustic engineering services industry.
Highlighting the regional scope, Europe presently holds the largest market share and is slated to showcase similar growth patterns in the ensuing years. Growing demand for premium vehicles as well as SUVs (sports utility vehicles) in consort with high concentration of major automakers are positively impacting the market outlook in Europe.
On the other hand, Asia-Pacific automotive acoustic engineering services industry is likely to record the highest CAGR through 2027. Stringent government regulations aimed at reduction of vehicle noise across countries such as India and China along with growing demand for commercial as well as passenger vehicles are favoring the market scenario in Asia-Pacific.
For More Details on Automotive Acoustic Engineering Services Market Report at:https://www.marketstudyreport.com/reports/global-automotive-acoustic-engineering-services-market-size-research?utm_source=Marketwatch.com/&utm_medium=SP
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