According to the new research report titled “Active Noise and Vibration Control System Market Forecast to 2027- Covid-19 Impact and Global Analysis,” published by The Insight Partners, the market is expected to reach US$ 6,505.28 million by 2027, registering a CAGR of 7.0% during 2020–2027, the forecast period considered in the report. The scope of study involves understanding the factors contributing to the growth of the active noise and vibration control system market; it also includes estimating and forecasting the revenues as well as conducting the market size analysis and spotting significant market players and their key developments.

The global active noise and vibration control system market has been showcasing an upward trend since 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 industries. The commercial aviation industry has grown immensely over the past few decades; moreover, the rate of technological transformation has been outstanding, which has stimulated the demand for various products and services.

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Hutchinson, Moog, Inc., Parker Hannifin, Faurecia, and Honeywell—PROMINENT MARKET PARTICIPANTS IN ACTIVE NOISE AND VIBRATION CONTROL SYSTEMMARKET

The anti-vibration and sound control systems overcome the challenges faced by their predecessors, and they have showcased significantly benefited various industries; these factors are boosting the commercial aviation industry, which is driving the active noise and vibration control system market. In addition, the global active noise and vibration control system market marks the presence of a large number of well-established players and emerging companies supporting its growth. The constant need of active noise and vibration control systems from aircraft and aircraft component manufacturers plays a vital role in the growth of the market.

The key companies profiled in the active noise and vibration control system market include FABREEKA, Honeywell International Inc., HUTCHINSON, Terma A/S, Moog Inc., Parker Hannifin, FaureciaCreo AB, Supashock, Trelleborg AB, and VICODA GmbH. Several other players are also functioning in the market worldwide, contributing significant revenue shares year on year.

Most of the market initiatives have been observed to be focused on Europe and APAC, which hold high potential for active noise and vibration control system manufacturer. A few of the important market initiatives and product developments from the industry players are mentioned below:

Year

News

Country

2019

Trelleborg announce its expansion in India by opening new manufacturing unit for significantly boosting anti-vibration solutions production capabilities in the country.

APAC

2019

Faurecia announced that it has received the funding from Vinnova for developing innovative and advanced methods for controlling of low-frequency noise in vehicles.

Europe

2019

Creo Dynamics announced that its majority stakes has been acquired by Faurecia, to combine the company's competence in automotive active noise control and acoustics with Faurecia and develop unique new solutions to the market.  

Europe

 

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. This slowed down the production rates and limited the rate of adoption among the end users, thereby reflecting negative impact on respective manufacturer’s business.

In addition, several countries have faced tremendous disruption in supply chain of various components. This also has disturbed the active noise and vibration control system market growth. End users across the globe are also observing unfavorable business scenarios, which is limiting them from offering new contracts and procuring previously placed orders for components.

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