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Analysis of the NVH Test Equipment Market
Frost & Sullivan, Jan 2012, Pages: 159
This Frost & Sullivan research service titled Analysis of the NVH Test Equipment Market offers revenue forecasts, market share analysis and examines market trends. In this research, Frost & Sullivan's expert analysts thoroughly examine the following end-user sectors: automotive and transportation, aerospace, military and defense, power generation, consumer electronics, construction, industrial equipment and others. The application areas covered in the research include: environmental noise, pass-by noise, noise mapping, sound power, telecom testing, sound quality, building acoustics, human vibration, and product vibration.
Market Overview
Environmental Noise Application to Promote Market Expansion over the Next Five Years
The economic downturn of 2008–2009 had a significant impact on the global noise, vibration, harshness (NVH) test equipment market revenues, with the market experiencing considerable decline in 2009. The major contributor to this decline was the automotive market - the largest end-user for NVH test equipment. However, going forward, the automotive industry is once again anticipated to provide growth opportunities. Another important segment expected to drive the market over the next five years is, environmental noise. “Limiting environmental noise has grown in importance over the past decade, especially in Europe,” notes the analyst of this research. “With extensive research published on the harmful effects of environmental noise on people, government agencies globally have introduced legislations regulating the amount of environmental noise, supporting continued growth in the environmental noise segment.”
Although the Asia Pacific NVH test equipment market is mature, it is relatively less mature than North America and Europe. There is still significant growth potential in this region. China and India accommodate the two largest populations in the world. Their expanding population has triggered demand for key consumer electronics such as mobile phones, washing machines, and refrigerators, among others. It has also boosted demand for automobiles. “This demand will translate into significant investment in R&D from consumer electronics and automotive industries to develop innovative products that capture the market,” elaborates the analyst. “These R&D projects require investment in NVH test equipment as well.”
Novel Solutions to Offset Impact of Second hand Market
The biggest restraint to market expansion is expected to be the ever-increasing second-hand market for test equipment. This restraint is expected to have a significant impact on the global NVH test equipment market in the short-term. “The second-hand test equipment market received a huge boost during the economic downturn as there were significant budget cuts and end users grew increasingly price conscious,” explains the analyst. “With NVH being a key test criterion in most product development lifecycles, end users invested in relatively low-priced second hand equipment.”
With advancement in technology and the projected reduction in the price of NVH test equipment over the long-term, this restraint will have a progressively lower impact. “The advent of wireless NVH test solutions is set to change the outlook of the industry,” concludes the analyst. “The investment being made by NVH test solutions vendors to develop feasible wireless NVH test solutions is enormous and the adoption of these wireless solutions is set to offset the second-hand market.”
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following end user sectors in this research:
- Automotive and transportation
- Aerospace, military and defense
- Power generation
- Consumer electronics
- Construction
- Industrial equipment
- Others
By Application
- Environmental noise
- Pass-by noise
- Noise mapping
- Sound power
- Telecom testing
- Sound quality
- Building acoustics
- Human vibration
- Product vibration
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