The active noise and vibration control system market in North America was valued at US$ 1,433.58 million in 2019 and is projected to reach US$ 2,265.85 million by 2027; it is expected to grow at a CAGR of 6.3% from 2020 to 2027.
Market Introduction
The North America active noise and vibration control system market is showcasing an upward trend over 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 towards advanced technologies in the aerospace, defense, railway, manufacturing and energy & power industry. Over the past few decades, the commercial aviation industry has grown immensely; the rate of technological transformation has been outstanding, which has stimulated the demand for various products and services. Pertaining to the fact that the anti-vibration and sound control system overcome the challenges by its predecessors, and has showcased significant benefits among various industry, the demand for the same is growing in the commercial aviation industry, which is driving the active noise and vibration control system market.
Market Overview and Dynamics
The continuous growth in the number of manufacturing facilities across the globe is reflecting the rise in demand for anti-vibration systems to enhance the life span of the machines and reduce operational and maintenance costs. The intensifying competition across application around the world is leading the manufacturers to increase their outputs with greater efficiency.
Key Market Segments
The active noise and vibration control system market has been segmented based on type, system, application, and country. Based on type, the market has been fragmented into vibration and noise. The vibrations segment represented the largest share of the overall market throughout the forecast period and is expected to be the fastest-growing. Based on the system, the active noise and vibration control system market has been segmented into sensors, actuators, controllers, and dampers. In 2019, actuators contributed a substantial share in the North America active noise and vibration control system market, followed by sensors, respectively. The active noise and vibration control system market is further segmented on the basis of application into aerospace, defense, railway, and general application. During the forecast period, the growing demand from commercial aircraft manufacturers is expected to drive the market.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the active noise and vibration control system market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Fabreeka International, Inc., FAURECIA CREO AB, Honeywell International Inc., Hutchinson, Moog Inc., Parker Hannifin Corporation, Supashock Advanced Technologies, Terma A/S, and Trelleborg AB.
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NORTH AMERICA ACTIVE NOISE AND VIBRATION CONTROL SYSTEM MARKET SEGMENTATION
North America Active Noise and Vibration Control System Market– By Type
North America Active Noise and Vibration Control System Market – By System
North America Active Noise and Vibration Control System Market – By Application
North America Active Noise and Vibration Control System Market – By Country
Company Profiles