[January 10, 2018]

Global NVH Testing Market Analysis 2017 and Forecasts to 2023 - Government Regulations to Reduce Noise Pollution Driving the $2.2 Billion Market - Research and Markets

The "NVH Testing Market by Application (Environmental Noise, Pass-by-noise, Noise Mapping, Sound Power, Telecom Testing, Sound Quality, Building Acoustics, Human Vibration, Product Vibration), Type, End User, Geography - Global Forecast to 2023" report has been added to Research and Markets' offering.

The NVH testing market is estimated to be valued at USD 1.72 Billion in 2017 and is projected to reach USD 2.21 Billion by 2023, at a CAGR of 4.2% between 2017 and 2023.

The growth of the NVH testing market is propelled by the adoption of stringent government regulations to reduce noise pollution and increasing demand for automotive and car infotainment systems. Emergence of new application areas for NVH testing solutions and advancement in sensor and processor technologies are the key opportunities for the players in the NVH testing market.

On the basis of type, hardware held a larger share of the NVH testing market in 2016. Increasing use of mechanical and electronic components in automotive, aircraft, and industrial machinery has led to the dominance of hardware in the NVH testing market. Hardware is further classified into sensors and transducers, analyzers, meters, data acquisition systems, signal conditioners, and shakers and controllers.

North America held the largest share of the NVH testing market in 2016. North America is te most technologically advanced and has the presence of major automotive and aerospace and defense companies; this factor has resulted in the increased demand for NVH testing applications in this region. Moreover, the presence of prominent NVH testing solutions providers is expected to support the growth of the NVH testing market in North America.

The major restraint for the NVH testing market is the increasing demand for secondhand and rental NVH testing equipment. Top companies are adopting the strategy of product launches and acquisitions for strengthening their position in the NVH testing market by either enhancing their existing portfolio or acquiring smaller players in the NVH testing market.

Market Dynamics

Drivers

• Adoption of Stringent Government Regulations to Reduce Noise Pollution
• Increasing Demand for Automotive and Car Infotainment Systems

Restraints

• Increasing Demand for Secondhand And Rental NVH Testing Equipment

Opportunities

• Emergence of New Application Areas for NVH Testing Solutions
• Advancement in Sensor And Processor (News - Alert) Technologies

Challenges

• Limited Availability of a Dedicated Database to Support NVH Test Simulation Applications
• Complexities in Selecting Appropriate NVH Test Equipment

Key Players

• National Instruments (News - Alert)
• Brel & Kjr
• Siemens PLM Software
• Head Acoustics
• IMC Mesysteme
• Dewesoft
• Gras Sound & Vibration
• Prosig
• M+P International
• Signal.X

Other Players

• Honeywell (News - Alert)
• ESI Group
• Thermotron
• Erbessed Reliability
• Kistler Group
• IMV Corporation
• Econ Technologies
• Polytec
• Benstone Instruments
• PCB Piezotronics

Key Innovators

• Oros
• AB Dynamics
• King Design
• Data Physics
• VTI Instruments

For more information about this report visit https://www.researchandmarkets.com/research/vscdvc/global_nvh?w=4

View source version on businesswire.com: http://www.businesswire.com/news/home/20180110006082/en/

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