The global 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 world has been witnessing enormous industrialization since the last few decades, and the pace of manufacturing is growing rapidly over the years. The continuous growth in the number of manufacturing facilities worldwide is reflecting the rise in demand for Antivibration systems to enhance the life span of machines and reduce operational as well as maintenance costs. The intensifying competition across industries around the world is leading manufacturers to increase their outputs with greater efficiency. They are increasingly focusing on analyzing the health and operability of each asset, thereby achieving greater productivity and earning better profit. This is further bolstering the demand for active noise and vibration control system across various manufacturing plants. Additionally, railway OEMs are focusing on the integration of active noise and vibration control systems with rails to offer passenger comfort and convenience during the journey.
The global active noise and vibration control system market is segmented on the basis of type, system, and application. Based on type, the market is segmented into vibrations and noise. Based on system, the market is segmented as sensors, actuators, controllers, and dampers. Based on application, the market is segmented into aerospace, defense, railway, and general industries.
A few of the key players operating in the global active noise and vibration control system market, which are profiled in this market study, are FABREEKA, Honeywell International Inc., HUTCHINSON, Terma A/S, Moog Inc., Parker Hannifin, Faurecia Creo AB, Supashock, Trelleborg AB, and VICODA GmbH.
The global active noise and vibration control system market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining overview and forecast for the active noise and vibration control system market with respects to all the segments. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants typically associated with this process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the active noise and vibration control system market.