Automotive Acoustic Engineering Services Market Size

Automotive Acoustic Engineering Services Market size was valued at USD 3.2 Billion in 2023 and is poised to reach USD 7.34 Billion by the end of 2036, expanding at around 6.6% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of automotive acoustic engineering services is assessed at USD 3.39 Billion. The growth of the market can be attributed to the rising impact of noise pollution on human health. A quarter of people in Europe are subjected to health-harming levels of noise over an extended period of time. Almost 100 million people in Europe fall within that category. After the effects of air pollution, noise is the second-largest environmental source of health issues.

In addition to these, factors that are believed to fuel the market growth of automotive acoustic engineering services include the rise in the recent advancements in acoustic engineering services as well as rising production of motor vehicles, the demand for automotive acoustic engineering services is on the rise amongst the automobile manufacturers, which in turn, is expected to create massive revenue generation opportunities for the key players operating in the global automotive acoustic engineering services market during the forecast period. For instance, the global motor vehicles production increased by around 1% in 2021, compared to 2020.