Growing adoption of NVH testing solutions, especially in automotive & transportation and power & energy verticals, along with aerospace & defence and industrial equipment verticals in the near future, drives the global NVH testing market size to grow at a CAGR of 5.5% in the next five years.
According to a research report by MarketsandMarkets - NVH Testing Market with Covid-19 Impact Analysis by type, application, vertical and geography - Global Forecast to 2026, the market is expected to grow from $ 1.9 billion in 2021 to $ 2.5 billion by 2026.
Stringent government regulations to reduce noise pollution, a paradigm shift towards vehicles' electrification, and a rising need for NVH testing solutions in applications such as impact hammer testing and powertrain NVH testing, sound intensity measurement and sound quality testing so on are driving the growth of NVH testing market, the report said.
The market declined in 2020, mainly due to the impact of COVID-19. The supply chain was disrupted in 2020 due to the lockdown imposed by various governments and labour shortages in these industries due to travel restrictions that affected the market. Though the market was impacted in 2020, it is expected to recover by 2021 fully.
Some of the key players in the NVH testing market include National Instruments, Siemens Digital Industries Software, Brüel & Kjær, HEAD acoustics, imc Test & Measurement, Dewesoft, GRAS Sound & Vibration, Prosig, m+p international and Signal.X.
The research firm said that sound Intensity Measurement and Sound Quality Testing is estimated as the fastest-growing application type in the said market during the forecast period. It is expected to grow at the highest CAGR due to its increasing applications in automotive & transportation, aerospace & defence, and consumer appliances verticals. This is because the sound intensity and sound quality are important parameters in assessing the quality of a product. These are considered among the major characteristics during manufacturing a vehicle and other equipment and have a huge impact on the buyer's decision. This is particularly true of products where the product's noise, such as a vehicle, a consumer appliance, or industrial equipment, helps define its performance or perceived performance. These factors drive the growth of the NVH testing market for the sound intensity measurement and sound quality testing application.
Power & Energy
The NVH testing market for the power & energy vertical is expected to be the fastest-growing market during the forecast period. Due to their rotations, the noise generated from windmills has also become a source of environmental noise pollution, which compels OEMs to reduce NVH levels during the testing, designing, and product development phases. Thus, there is a strong requirement for NVH testing solutions in the power & energy vertical to comply with the regulations set for permissible noise levels. Hence, high pressure on OEMs to design and manufacture low-noise-level equipment due to stringent legislative obligations is one of the major factors leading to the growth of the NVH testing market for this vertical.
The market in APAC is expected to grow at the highest rate during 2021–2026. The global market players are experiencing increased demand for NVH testing solutions from China, Japan, India and South Korea. High investments in developing manufacturing facilities in countries such as China and India are also driving the growth of the said market in APAC. Furthermore, growing urbanisation, rising disposable income, replacement needs, strict safety regulations, and technological innovations also help to drive the demand for NVH testing solutions in APAC, the research firm said.
Courtesy: MarketsandMarkets. NB: Photo is representational; courtesy: Siemens.