As per the report, stringent government regulations and increase in demand for infotainment systems are expected to greatly fuel the growth of the NVH testing industry, during the forecast period. On the other hand, high availability of rental NVH testing equipment is likely to hamper the global NVH testing market.
According to a recent report published by Research Dive, the global NVH testing market is anticipated to garner $3.36 billion by 2027, growing at a health CAGR from 2019 to 2027.
The report segments the global market on the basis of type, industry and regions. This report is a comprehensive analysis of recent drivers, key segments, opportunities, restraints, and major players of the market
Check out How COVID-19 impact on the NVH Testing Market @ https://www.researchdive.com/connect-to-analyst/227
Software segment will be the most lucrative till 2026
Based on type, the market of NVH testing is divided into software and hardware. The software for the global NVH market will have exponential growth in the global market and is projected to generate noteworthy revenue during the forecast period; this is mainly because these software are capable of capturing, recording, analyzing, and portraying results of noise and vibrations emitted.
The automotive sector will capture the highest market share
Based on end use industry, the market of NVH testing is bifurcate into automotive, aerospace, white goods, and others. The automotive segment for the NVH testing market will have the fastest growth in the forecast period and is expected to generate huge revenue in the global market owing to rise in demand for vehicles across the globe.
Regional Breakdown of the Market
The global NVH testing market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Among these, North America is the most dominating region due to technologically advanced and has presence of numerous automotive manufacturing setups such as aerospace companies and white goods manufacturers which require these NVH testing technologies in high volume and on a recurring base.
Top Companies Leading the Market
The major players of the global NVH testing industry are Brüel & Kjær., Signal.X Technologies LLC, National Instruments., Prosig Ltd., Dewesoft d.o.o., imc Test & Measurement GmbH, Siemens Industry Software Inc., GRAS Sound & Vibration A/S., m+p international Mess- und Rechnertechnik GmbH, and HEAD acoustics GmbH. These players are implementing various business strategies like mergers and acquisitions, collaborations & partnerships in order to gain a major market share in the global industry.
Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.
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