March 25, 2021
According to the research report titled ‘Global Active Noise and Vibration Control Market Size study, by Component (Hardware, Software), by Application (Vibration, Noise), by Platform (Commercial, Military) and Regional Forecasts 2020-2027’, available with Market Study Report, global active noise and vibration control market was worth USD 2.5 billion in 2019 and is projected to record a 5.3% CAGR, to be remunerated at USD 3.8 billion by the year 2027.
Increasing air passenger traffic, along with strict regulations about noise and vibration limits by the airline & defense authorities are the primary drivers of global active noise and vibration control market growth.
Notably, the ICAO (International Civil Aviation Organization) cites that in 2017, about 3.97 billion passengers flew on scheduled flights worldwide. As per the International Air Transport Association (IATA), the statistics implied an 8.8% year-over-year rise in revenue passenger kilometers (RPKs). Nearly 7.8 billion passengers are projected to fly by 2036, about twice the number of passengers who flew in 2017, cited the same source.
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For those unversed, active noise reduction systems or active noise control systems, are commonly used in aircraft to reduce excessive noise. Development of sound-specialized aircraft interiors will help to reduce active noise.
Meanwhile, vibration control systems are isolation systems that respond dynamically to external vibrations rather than passively lowering the effect due to their mechanical structure. As a result, these systems can have a positive effect on the airlines and air transportation companies by improving passenger comfort during flights, thereby augmenting worldwide active noise and vibration control industry share.
On the downside, hefty cost of the system, along with component reliability issues are anticipated to hamper the overall business expansion over the study period.
From the regional perspective, North America presently holds significant portion of global active noise and vibration control market share, credible to presence of major vendors, along with increasing government support and investments on aircraft and defense products in the region.
On the other hand, Asia Pacific active noise and vibration control industry is projected to gain decent traction through 2027, owing to growing number of aircraft deliveries across developing economies like India and China, and emphasis on passenger comfort by aircraft manufacturers.
Established firms in global active noise and vibration control market sphere are LORD Corporation, Wolfe Aviation, Hutchinson SA, Creo Dynamics AB, Moog Inc., Ultra Electronics Holdings plc, Terma A/S, and Bosch General Aviation Technology GmbH.