0

NVH Testing Market Expected to Reach $3.5 Billion by 2031—Allied Market Research

 
2022
NVH Testing Market

Report Code : A17393

quote By offering, the hardware segment dominated the global NVH testing market in 2021, in terms of revenue, and is expected to lead the market throughout the forecast period. By application, the impact hammer testing and powertrain NVH testing segment accounted for a major share in 2021. Based on end-use, the others segment is anticipated to witness lucrative growth over the forecast timeframe. At present, North America is the highest revenue contributor, followed by Europe. quote

Prateek Sharma - Lead Analyst
Automotive and Transportation at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a new report published by Allied Market Research, titled, “NVH Testing Market," The NVH testing market was valued at $2 billion in 2021, and is estimated to reach $3.5 billion by 2031, growing at a CAGR of 5.9% from 2022 to 2031.

North America is expected to dominate the global NVH testing market. North America is projected to witness an increase in the adoption of NVH testing by the automotive and aerospace & defense sectors. Moreover, market has gained immense traction in North America, due to increase in production of vehicles, equipped with components that produce low noise and vibration. In addition, presence major companies like National Instruments Siemens Digital Industries Software, Benstone Instruments Inc., Data Physics, Erbessd Instruments, Honeywell, PCB Piezotronics and Thermotron supplements the growth of the NHV testing market across North America.

Rise in adoption of electric and hybrid vehicle is encouraging manufacturers to develop NVH testing solutions for the testing of electric and hybrid vehicles, which is expected to drive the growth of the market during the forecast period.

In aerospace and defense industry, NVH testing is utilized to inspect the noise levels inside the aircraft cabins. It aids in identification of any source of sound which require to be reduced and enhance comfort for passengers as well as pilots. NVH testing devices such as sensors and transducers can be deployed to test noise or vibration produced by aircraft engine while they operate on the ground. In addition, NVH testing devices are also utilized to measure noise and vibrations which is generated by several aircraft components such as control surfaces, landing gears, and others. 

The NVH testing market is experiencing growth, due to implementation of government regulations pertaining to reducing vehicle noise, and rise in customer preference for enhanced cabin comfort & luxury features. However, surge in usage of rental and secondhand NVH testing equipment is the factor hampering the growth of the market. Furthermore, rise in trend of engine downsizing, and technological advancements are the factors expected to offer growth opportunities during the forecast period.

COVID-19 Impact Analysis

The impact of the COVID-19 pandemic has resulted in supply-chain disruptions causing low sales of passenger cars and temporary suspension of production of vehicles across the globe, which in turn resulted in decrease in the demand for NVH testing equipment.

For instance, the global automotive production witnessed decline by 16% in 2020 as compared to automotive production in 2019. Moreover, the global sales of automotive has witnessed drop by around 14% (Y-o-Y) from 90.42 million units in 2019 to 77.97 million units in 2020, thereby reducing the demand for NVH testing from the automotive industry. Reduced demand for NVH testing from aerospace and defense, and industrial sectors was also observed during the pandemic.

However, post-pandemic, rise in the production & sale of automobiles has been observed, which is expected to drive the growth of the NVH testing market during the forecast timeframe. For instance, in 2021, worldwide car sales grew to around 66.7 million automobiles, up from around 63.8 million units in 2020. In addition, SUVs accounted for more than 45% of global car sales in 2021, which resulted in greater need for NVH testing for new vehicles.

KEY FINDINGS OF THE STUDY

  • By offering, the software segment is anticipated to exhibit significant growth in the near future.
  • By application, the others segment is anticipated to exhibit significant growth in the near future.
  • By end-use, the others segment is anticipated to exhibit significant growth in the near future.
  • By region, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.

Key players operating in the global NVH testing market include AVL, Autoneum, Bertrandt AG, Bruel and Kjaer, EDAG Engineering GmbH, FEV Group GmbH, Head Acoustics GmbH, Honeywell International Inc, National Instruments Corp., Schaeffler Engineering GmbH, Siemens AG, and Dewesoft.

 

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
 
 

First time buyer?
Check offers and discount on this report
To get this report

Click Here
 
 

quote NVH Testing Market by Offering (Hardware, Software), by Application (Impact Hammer Testing and Powertrain NVH Testing, Environmental Noise Measurement, Noise Source Mapping, Pass-by Noise Testing, Others), by End-Use (Automotive and Transportation, Aerospace and Defense, Industrial, Consumer Appliances, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031 quote

View Report
 
 

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

WHY ALLIED MARKET RESEARCH?

INFLALLIBLE METHODOLOGY

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

ANALYST SUPPORT

For complete satisfaction

CUSTOMIZATION

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
rep-img

Published Date Oct 2024

Digital Substation Market

Download Sample
rep-img

Published Date Oct 2024

Argan Oil Market

Download Sample
rep-img

Published Date Oct 2024

Cold Plasma Market

Download Sample

Buy Full Version
"NVH Testing Market"
Purchase Enquiry

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save the time of readers