South America Active Noise and Vibration Control System Market is expected to reach US$ 600.66 Mn in 2027

Published Date: 15 Sep 2020

Report : South America 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)))

Vibration Segment to Dominate SAM Active Noise and Vibration Control System Market during 2019–2027

 

According to The Insight Partners market research study on “SAM 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$ 600.66 million by 2027 from US$ 404.64 million in 2019. The market is estimated to grow at a CAGR of 5.3 % from 2020 to 2027. The report provides trends prevailing in the SAM active noise and vibration control system market along with the drivers and restraints pertaining to the market growth. Accentuating attention into aircraft weight reduction and stimulating demand among defense vehicle producers are the major factor driving the growth of SAM active noise and vibration control system market. However, availability of passive systems and high price of active systems hinder the growth of SAM active noise and vibration control system market. In case of COVID-19, Brazil has the highest number of COVID-19 cases, followed by Peru, Chile, Colombia, and Ecuador, among others. The regulatory bodies in SAM have taken an array of actions to protect citizens and contain the spread of virus. Brazil is the largest spender in the aerospace industry and is the only modern aircraft manufacturing country in the region. Owing to this, the demand for components and parts is an all-time high in the country. The slowdown in the production of commercial and military aircraft in the country has impaired the supply chain in Brazil. This has weakened the demand for several components, including active noise and vibration control systems. Thus, the outbreak of COVID-19 has had a harsh impact on SAM active noise and vibration control system market, especially in Brazil.

 

The SAM 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 SAM 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 SAM active noise and vibration control system market, followed by sensors, respectively. The SAM 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. The SAM 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; Trelleborg AB are among the leading companies in the SAM 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 2019, Trelleborg announce its expansion in India by opening new manufacturing unit for boosting significantly the production of anti-vibration solutions production capabilities in the country.


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

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

 

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

 

SAM Active Noise and Vibration Control System Market – By Type

  • Vibration
  • Noise

SAM Active Noise and Vibration Control System Market – By System

  • Sensors
  • Actuators
  • Controllers
  • Dampers

SAM 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)

Active Noise and Vibration Control System Market – By Country

  • Brazil
  • Rest of SAM
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