Middle East and Africa Active Noise and Vibration Control System Market is expected to reach US$ 285.26 Mn by 2027


PRESS RELEASE BY The Insight Partners 15 Sep 2020

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DefenseSegment to DominateMEA Active Noise and Vibration Control System Market during 2019–2027

 

According to The Insight Partners market research study on “MEA Active Noise and Vibration Control System Market to 2027 – COVID-19 Impact and Regional Analysis and Forecast by Type, System, and Application”is expected to reach US$ 285.26millionby 2027 from US$ 204.95million in 2019. The market is estimated to grow at a CAGR of 4.5% from 2020 to 2027. The report provides trends prevailing in theMEA active noise and vibration control system marketalong with the drivers and restraints pertaining to the market growth. Accentuating attentiveness towards aircraft weight reduction and stimulating demand among defense vehicle makers are the major factor driving the growth of MEA active noise and vibration control system market.However, accessibility of passive systems and high cost of active systems hinder the growth of MEA active noise and vibration control system market. In case of COVID-19,MEA region is highly affected especially South Africa. The MEA active noise and vibration control system market is mainly affected by the disruption in the supply chain. Due to the closure of borders of countries, the supply chain of several components and parts have been disturbed. The demand for advanced defense vehicle components, including active noise and vibration control system, for retrofitting activities has weakened over the past couple of months. This has resulted in a loss of business among the active noise and vibration control system market players offering their products to military customers.

 

 

The MEA active noise and vibration control system market has been segmented based on type, system, application, and countries. 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 MEA 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 MEA active noise and vibration control system market, followed by sensors, respectively. The MEA active noise and vibration control system market is further segmented on the basis of application into aerospace, defense, railway, and general industries. During the forecast period, the growing demand from defense manufacturers is expected to drive the market as well as defense segment hold the largest share in market. The MEA region is anticipated to offer ample growth opportunities to the active noise and vibration control system market players during 2020–2027. 

 

Faurecia Creo AB; Honeywell International Inc.; Hutchinson; Moog Inc.; Parker Hannifin Corporation; Terma A/S; Trelleborg ABare among the leading companies in the MEA active noise and vibration control system market.The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2018, Faurecia announced that it has received the funding from Vinnova for developing innovative and advanced methods for controlling of low-frequency noise in vehicles.

 

MEA Active Noise and Vibration Control System Market , By Country, 2019 and 2027 (%)

MEA Active Noise and Vibration Control System Market , By Country, 2019 and 2027 (%)

Middle East and Africa Active Noise and Vibration Control System Market to Grow at a CAGR of 4.5 % to reach US$ 285.26 Million from 2020 to 2027

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Middle East and Africa Active Noise and Vibration Control System Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Type (Vibration and Noise), System (Sensors, Actuators, Controllers, and Dampers), and Application (Aerospace (Fixed Wing and Rotary Wing (Helicopters)), Defense (Ground Vehicles and Naval Vessels), Railway, and General Industries (Manufacturing and Energy & Power (Wind Turbines)))


 

The report segments theMEA Active Noise and Vibration Control System Market as follows:

 

MEA Active Noise and Vibration Control System Market– By Type

  • Vibration
  • Noise

 

MEA Active Noise and Vibration Control System Market – By System

  • Sensors
  • Actuators
  • Controllers
  • Dampers

MEA Active Noise and Vibration Control System Market – By Application

  • Aerospace
    • Fixed Wing
    • Rotary Wing (Helicopters)
  • Defense
    • Ground Vehicles
    • Naval Vessels
  • Railway
  • General Industries
    • Manufacturing
    • Energy& Power (Wind Turbines)

MEA Active Noise and Vibration Control System Market – By Country

  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of MEA

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