Active Noise and Vibration Control System Market Expected to Reach Tremendous Growth by 2027 with key player Like FABREEKA,Honeywell International Inc.,HUTCHINSON,Terma A/S

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 global active noise and vibration control system market is showcasing an upward trend from the past couple of years and is anticipated to reflect a similar trend during the forecast period. The growth of the active noise and vibration control system market is majorly attributed to significant investments in advanced technologies in the aerospace, defense, railway, manufacturing, and energy & power industry. The active systems facilitates in reducing noise and vibration along with weight.

North America and Europe are currently dominating the active noise and vibration control system market, accounting for ~37% and 28% share, respectively. The aerospace & defense sector in the US governs the overall performance of the North American aerospace industry. The US homes some of the world’s prominent commercial and defense aerospace manufacturers, generating high demand for active noise and vibration control systems. Canada is among the world’s top five aerospace manufacturing countries. Airbus Canada, Avcorp Industries, Bell Helicopter Textron Canada Limited, CAE Inc., and CMC Electronics are among and the significant A&D manufacturers located in Canada.

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Some of the companies competing in the Active Noise and Vibration Control System Market are:

• FABREEKA
• Honeywell International Inc.
• HUTCHINSON
• Terma A/S
• Moog Inc.
• Parker Hannifin
• Faurecia CreoAB
• Supashock
• Trelleborg AB
• VICODA GmbH

Impact of COVID-19 on Active Noise and Vibration Control System market

The recent COVID-19 outbreak has significantly affected the world and it continues to shatter several countries. Until the outbreak, the industries were experiencing substantial growth in terms of production and services in respective fields. The outbreak has led governments to impose strict lockdown measures to contain the spread. This factor has had an adverse impact on the manufacturing sectors since the manufacturing facilities are either temporarily shut or allowed to operate with limited workforce.

The European has a diversified aeronautic industry that is engaged in the development and manufacturing of a broad spectrum of products, including aeroengines, helicopters, civil and military aircraft, and associated equipment. Furthermore, North Atlantic Treaty Organization (NATO) members, specifically France, are purposely aiming to enhance their defense spending as the US is continually inspiring NATO countries to upsurge military spending to ~2.0% of GDP. The region is emphasizing adoption of solutions that vary from military aviation to military ground vehicles and submarines, which are designed to ensure success in critical air, land, sea, and space missions.

Market Segmentation:

Active Noise and Vibration Control System Market – by Type

• Vibrations
• Noise

Active Noise and Vibration Control System Market – by System

• Sensors
• Actuators
• Controller
• Dampers

Active Noise and Vibration Control System Market – by Application

• Aerospace
o Fixed Wing
o Rotary Wing (Helicopters)

• Defense
o Ground Vehicles
o Naval Vessels

• Railway

• General Industries
o Manufacturing
o Energy & Power (Wind Turbines)

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In APAC, several countries have been undertaking complete reassessment of their defense strategies and resources owing to the rising geopolitical tensions. The aerospace sector in the region is growing due to the enormous investments for the manufacturing of commercial aerospace. According to Boeing Current Market Outlook, the region is estimated to receive 17,390 deliveries of commercial aircraft from 2019 to 2038, thus bolstering the manufacturing and procurement of active noise and vibration control systems across the region.

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This release was published on openPR.