Global NVH Testing Industry (2019 to 2025) - Impact of Covid-19 on the Market - ResearchAndMarkets.com
The "NVH Testing Market by Application (Environmental Noise Measurement, Pass-by Noise Testing, Noise Source Mapping, Telecom Testing, Sound Quality Testing, Building Acoustics, and Others), Type, End-user Industry, and Geography - Global Trends and Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The "NVH Testing Market by Application (Environmental Noise Measurement, Pass-by Noise Testing, Noise Source Mapping, Telecom Testing, Sound Quality Testing, Building Acoustics, and Others), Type, End-user Industry, and Geography - Global Trends and Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The NVH testing market was valued USD 1,937 million in 2019 and is projected to reach USD 2,904 million by 2025; it is projected to grow at a CAGR of 6.9% during the forecast period.
The drivers fueling the growth of the market include the adoption of stringent government regulations to reduce noise pollution and increasing demand for in-vehicle infotainment systems.
Automotive and transportation to hold largest share of NVH testing market during forecast period
The automotive and transportation segment is expected to hold the largest size during the forecast period. NVH testing is an inseparable part of the automotive product and component design and development process. In recent years, various technologies, including mechatronics, telematics, and artificial intelligence, have been employed in motor vehicles to provide greater safety and comfort, as well as for the entertainment of travelers. The use of all such advanced technologies in vehicles has led to a high demand for NVH testing solutions to test automobile components during the design and development process.
Hardware type to hold larger share of NVH testing market in 2020
The hardware segment is expected to hold the largest share of the market in 2020. The increasing use of mechanical and electronic systems comprising hardware components and software solutions in automotive, aircraft, and industrial testing equipment has led to the larger size of the hardware segment in the NVH testing market.
North America to dominate NVH testing market in 2020
North America is expected to dominate the NVH testing market in 2020. It is the most technologically advanced region wherein major automotive and aerospace & defense companies have their manufacturing plants and offices; this factor has resulted in the increased demand for NVH testing solutions in this region. North America is witnessing an increasing demand for premium cars with advanced infotainment systems. A significant portion of semiconductor content is consumed by these luxury cars for enhanced safety, comfort, and connectivity features within vehicles.
Market Dynamics
Drivers
- Adoption of Stringent Government Regulations to Reduce Noise Pollution
- Increasing Demand for In-Vehicle Infotainment Systems
Restraints
- Availability of Secondhand and Rental NVH Testing Equipment
Opportunities
- Emergence of New Application Areas for NVH Testing Solutions
- Advancements in Sensor and Processor Technologies
Challenges
- Impact of Covid-19 On The Market
- Complexities in Selecting Appropriate NVH Testing Equipment
Companies Profiled
- National Instruments
- Brel & Kjr
- Siemens PLM Software
- Head Acoustics
- IMC Test & Measurement
- Dewesoft
- Gras Sound & Vibration
- Prosig
- M+P International
- Signal.X
- Oros
- Ab Dynamics
- King Design
- Data Physics
- VTI Instruments
- Honeywell
- ESI Group
- Thermotron
- Erbessed Reliability
- Kistler Group
- IMV Corporation
- ECON Technologies
- Polytec
- Benstone Instruments
- Pcb Piezotronics
For more information about this report visit https://www.researchandmarkets.com/r/g30po9
View source version on businesswire.com: https://www.businesswire.com/news/home/20200511005510/en/