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The automotive acoustic engineering services market has witnessed rapid expansion in recent years, with its size soaring from $7.77 billion in 2023 to an estimated $8.63 billion in 2024, reflecting a compelling compound annual growth rate (CAGR) of 11.2%. This surge is attributed to various factors such as increased consumer demand for quieter vehicles, advancements in automotive audio systems, and stringent noise pollution regulations.

Projections for Future Growth

Looking ahead, the automotive acoustic engineering services market is poised for further acceleration, with forecasts projecting a climb to $13.01 billion by 2028, boasting a robust compound annual growth rate (CAGR) of 10.8%. The anticipated growth is fueled by the rise in electric and hybrid vehicle adoption, increasing emphasis on vehicle weight reduction, and the demand for personalized in-car audio experiences.

Catalysts of Market Expansion

Rising SUV and MUV Sales Driving Growth

The uptick in sales of Sports Utility Vehicles (SUVs) and Multi-Utility Vehicles (MUVs) emerges as a significant driver of market growth. With SUV sales exhibiting resilience, especially during the pandemic, global sales have surged by over 10% between 2020 and 2021, accounting for more than 45% of new car sales worldwide. This trend underscores the pivotal role of automotive acoustic engineering services in enhancing vehicle comfort and minimizing engine noise.

Technological Advancements Transforming the Landscape

Technological advancements stand at the forefront of market evolution, revolutionizing the automotive acoustic engineering landscape. Industry leaders are introducing cutting-edge technologies to deliver unparalleled audio experiences in vehicles. For instance, Harman International’s ‘Virtual Venues’ technology, integrated into Fiat New 500 “La Prima by Bocelli,” offers exceptional acoustics and sound quality, enhancing the overall driving experience. Such innovations underscore the importance of technology in shaping the automotive acoustic engineering sector.

Strategic Moves and Acquisitions

Alder Pelzer Group’s Strategic Acquisition

In a strategic move, Alder Pelzer Group acquired Faurecia’s acoustic and soft trim business, signaling its intent to bolster its position as a leader in automotive acoustics. This acquisition is expected to leverage Alder Pelzer Group’s expertise to expand its footprint in the automotive sector and drive innovation in acoustic engineering solutions.

Segmentation and Regional Dynamics

Segmentation Overview

The automotive acoustic engineering services market is segmented based on offering, software, vehicle type, and application domains. Offerings include physical and virtual acoustic testing, while software encompasses vibration, simulation, signal analysis, and calibration tools. Vehicles are categorized into passenger, commercial, and electric vehicles, with applications spanning interior, body & structure, powertrain, and drivetrain.

Regional Landscape

Asia-Pacific emerges as a dominant player in the automotive acoustic engineering services market, commanding the largest share in 2023. The region’s burgeoning automotive sector, coupled with stringent noise pollution regulations, propels market growth. As automotive manufacturers prioritize vehicle comfort and ride quality, Asia-Pacific remains a lucrative market for acoustic engineering services.

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The Automotive Acoustic Engineering Services Global Market Report 2024  provides an overview of the automotive acoustic engineering services market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The automotive acoustic engineering services market forecast analyzes automotive acoustic engineering services market size, automotive acoustic engineering services market share, leading competitor and their market positions.

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