The radiated noise reduction of vehicular power transmission systems is one of the most actively researched areas. Noise not only impacts the comfort and safety of the driver and passengers but also regulated by the legislators. The simulation-based prediction of radiated noise of gear-drives is a rapidly evolving area and combines gear meshing models, finite element analysis, multibody dynamics and airborne noise simulation tools. The interfacing of these tools makes virtual noise prediction challenging. In this research, we conducted a literature review on vibroacoustic simulations, with a particular focus on reducing noise in power transmission systems. Based on the reviewed articles, it became evident that, although numerous measurement data are available, the usability of the data is limited. Most research focuses on individual stages of the structure and on smaller-sized powertrains. The measurement methods contain abundant valuable information; however, the literature lack of comprehensive articles that track the simulation process from the inception of excitation to body and air noises. Moreover, the majority of articles investigate the relationship between transmission error and NVH, considering it as a primary source of noise. New methodological approaches, such as the application of FEM meshes on gears, open new horizons in this domain. Throughout the literature review, we compiled potential noise-reduction solutions and highlighted directions for future methodology development research.