The Market Insights Reports has added a new statistical data to its repository titled as, Global Automotive Acoustic Engineering Services Market. It provides the industry overview with market growth analysis with a historical & futuristic perspective for the following parameters; cost, revenue, demands, and supply data (as applicable). Furthermore, the report also sheds light on recent developments and technological platforms, in addition to distinctive tools, and methodologies that will help to propel the performance of industries.
The Automotive Acoustic Engineering Services Market is projected to grow with a CAGR of more than 7 % during the forecast period.
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Top Key Players in the Global Automotive Acoustic Engineering Services Market are AVL GmbH, Siemens PLM Software, Robert Bosch GmbH, Bertrandt, Schaeffler, Autoneum, IAC Acounstics, Continental AG, EDAG Engineering, FEV, and others.
Key Market Trends:
Electric and Hybrid Vehicles Segment is Expected to Capture the Largest Market Share
By Vehicle type, Electric & Hybrid Vehicles are expected to capture the largest market share. The demand for electric and hybrid vehicles is increasing with a high growth rate and is expected to rise further during the forecast period. The demand for electric and hybrid vehicles is a result of growing awareness about harmful effects from conventional fuel vehicles and the strict government north to curb the growing pollution levels all around the world.
The governments are providing financial benefits in many countries to enhance the demand with an aim to become eco-friendly driving zones. For instance, in March 2019, 60% of total vehicles sold in Norway were entirely electric powered. The country offers high tax rates for fossil fuel-based vehicles and fairly low tax rates for electric vehicles and high government spending for development of infrastructure for electric vehicles is driving the demand in the country.
With the presence of an alternate powertrain has created new sources of noise such as the motor, HVAC, battery, tires, and several other low decibel noise from brake, acoustics, and rattle sounds from the vehicle that need to be addressed to improve the acoustical performance. As defined by NHTSA laws, electric & hybrid vehicles must have a minimum exterior sound requirement of 6.3 dB decibels while running at a speed of 30 kmph. The sound is required to be loud enough to be audible to a person who is having visual impairment and other pedestrians.
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Highlights of TOC:
Market Overview: It starts with product overview and scope of the Global Automotive Acoustic Engineering Services market and later gives consumption and production growth rate comparisons by application and product respectively. It also includes a glimpse of the regional study and Automotive Acoustic Engineering Services market size analysis for the review period 2015-2025.
Company Profiles: Each company profiled in the report is assessed for its market growth keeping in view vital factors such as price, Automotive Acoustic Engineering Services market gross margin, revenue, production, markets served, main business, product specifications, applications, and introduction, areas served, and production sites.
Manufacturing Cost Analysis: It includes industrial chain analysis, manufacturing process analysis, the proportion of manufacturing cost structure, and the analysis of key raw materials.
Market Dynamics: Readers are provided with a comprehensive analysis of Automotive Acoustic Engineering Services market challenges, influence factors, drivers, opportunities, and trends.
Market Forecast: Here, the Automotive Acoustic Engineering Services report provides consumption forecast by application, price, revenue, and production forecast by product, consumption forecast by region, production forecast by region, and production and revenue forecast.
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