This is a professional and in-depth study on the current state of the Active Noise and Vibration Control System Market with a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Strategic Insights and Development […]
This is a professional and in-depth study on the current state of the Active Noise and Vibration Control System Market with a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Strategic Insights and Development plans are also discussed and manufacturing processes and cost structures analyzed. Active Noise and Vibration Control System Market import/export consumption, supply and demand figures and cost price and production value gross margins are also provided.
The active noise and vibration control system market was valued US$ 3,925.61 million in 2019 and is expected to reach US$ 6,505.28 million by 2027; it is estimated to grow at a CAGR of 7.0% during 2020–2027.
The aerospace and defense industry in North America is matured with the existence of a large number of aircraft manufacturers, and continuous support from the US Department of Defense (DoD). North America accounted for the largest market share in 2019 due to the rising demand of defense vehicle as well as commercial aircrafts, which indirectly affects the growth of the active noise and vibration control system market in this region. The presence of a large number of active noise and vibration control system manufacturers in the region is supporting this ever-rising demand. Asia-Pacific is expected to be the fastest-growing market for active noise and vibration control systems during the forecast period. The factors contributing to the market in this region include several initiatives by the governments of Asian countries to bolster the railway sector in the region.
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Major vendors covered in this report:
FABREEKA, Honeywell International Inc., HUTCHINSON, Terma A/S, Moog Inc., Parker Hannifin, Faurecia CreoAB, Supashock, Trelleborg AB, VICODA GmbH
Based on type, the active noise and vibration control system market is segmented into vibrations and noise. In 2019, the vibration segment led the market; the active vibration control systems are used to reduce the interior noise by controlling the vibration of the helicopter’s fuselage and internal structure, thereby boosting passenger comfort and convenience in aircraft.
Based on application, the active noise and vibration control system market is segmented into aerospace, defense, railway, and general industries.The aerospace segment led the market in 2019. The aircraft and component manufacturers are witnessing significant pressures from the end users from the commercial aviation sector to deliver higher numbers of aircraft. This is compelling the parts manufacturers to supply increased volumes of smaller and larger components. The active noise and vibration control systems play a critical role in optimizing the functionality of aircraft, which leads to high demand for these systems in the aerospace industry.
The research provides answers to the following key questions:
- What is the estimated growth rate of the market for the forecast period 2021–2027? What will be the market size during the estimated period?
- What are the key driving forces responsible for shaping the fate of the Active Noise and Vibration Control System market during the forecast period?
- Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Active Noise and Vibration Control System market?
- What are the prominent market trends influencing the development of the Active Noise and Vibration Control System market across different regions?
- What are the major threats and challenges likely to act as a barrier in the growth of the Active Noise and Vibration Control System market?
- What are the major opportunities the market leaders can rely on to gain success and profitability?
The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Active Noise and Vibration Control System market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal according to different segments. The report also predicts the influence of different industry aspects on the Active Noise and Vibration Control System market segments and regions.
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Active Noise and Vibration Control System Market Segmented by Region/Country: North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America
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