Vibration Control System Market 2020 and Forecast 2021-2027

  • TBI122343
  • November 05, 2020
  • Global
  • 135 pages
  • IFF Market Research
                                          

Report Overview: Vibration Control System Market

The global vibration control system market size was valued at USD 3.2 billion in 2020 and is expected to witness a CAGR of 5.9% over the forecast period 2021-2027. The growth is attributed to the growing emphasis on the mechanical stability and balancing of industrial machineries and automobiles. Vibration control systems are the isolation systems that vigorously respond to incoming vibrations. They are used to control vibrations in static or moving machines and help to reduce friction and other disruptions. Also, they safeguard the operation of machine parts, generation of heat, wear and tear, loss of energy, and cracks and breakage. These systems are used in various industries such as automotive, aero and defense, electrical and electronics, oil and gas, and healthcare. The rapidly growing automotive as well as the aviation industry is expected to drive market growth over the forecast period. The rapid development of next-generation VCS for aircraft to reduce the vibration is a primary factor driving the market. Also, in the automotive industry, anti-vibration systems such as bushing and mounting are used to reduce vibrations. They help in increasing vehicle efficiency as well as life span of the components. VCS was initially designed for use in automotive and electrical equipment. However, now these systems are also being used in aerospace and defense, oil and gas, and mining and quarrying. Furthermore, they are gaining ground in the healthcare sector as well. Pharmaceutical companies have started using these systems to mitigate the impacts of vibration on sensitive equipment such as Magnetic Resonance Imaging (MRIs) and DNA sequencing microarrays in healthcare and scientific institutions. On the other hand, factors such as strict industry regulations, high costs of systems, and component reliability issues are anticipated to hinder market growth over the years. The strict regulations and policies set by U.S. defense and airline authorities are compelling manufacturers of VCS to upgrade their design. Also, in recent years, the aviation industry has started using anti-vibration control systems owing to less reliability of various components, including actuators, sensors, and controllers. This, in turn, is inhibiting market growth. However, the rising demand for self-controlling, smart, and adaptive VCS, along with technological developments, such as web-based continuous machine condition monitoring and active Noise and Vibration Control (ANVC) systems in aircraft, is creating opportunities in the market.

System Type Insights: Vibration Control System Market

Manufacturers majorly offer two types of vibration control systems, namely motion control systems and vibration control systems. The vibration control system segment is further bifurcated into various sub-segments, including isolating pads and isolators. The vibration control systems segment is expected to grow fast over the forecast period. The growth is attributed to the rising demand for vibration controls in various oil and gas and power plant industries. These systems use multiple anti-vibration devices such as mounts, bushes, springs, washers, hangers, absorbers, and dampers to isolate the effects of vibration and shock in power plants. The motion control system segment is anticipated to register considerable growth in the vibration control system market by 2027. This growth is ascribed to the growing automotive and aerospace sector. Motion control systems, which are used in fixed-wing aircraft, helps in reducing vibration in the helicopter fuselage generated by the main rotor. Besides, increasing the need for passenger comfort and convenience in the aircraft is also expected to spur segment growth over the years.

Application Insights: Vibration Control System Market

In 2019, the electrical and electronics segment accounted for approximately 15.0% of the global market share. The electrical and electronics vertical is anticipated to offer significant growth opportunities for all market players involved in the value chain owing to increasing manufacturing of industrial machinery across the globe. The vibration control system in the electronics industry consists of vibration sensors, control electronics, and actuators, which create a feedback loop in the system and protects structures and equipment from impact forces. Anti-vibration components for industrial applications include cylindrical buffers, bushes, cylindrical mounts, level mounts, and sandwich mounts. These components provide passive vibration isolation on electronic instruments, measuring equipment, and test cells. Other than electronic and electrical applications, these systems are used in multiple verticals such as mining and quarrying, and food manufacturing. The aerospace and defense segment is anticipated to witness considerable growth over the forecast period. The growth is attributed to factors such as growing need for enhanced aircraft performance, which helps to decrease the vibrations causing damage to the aircraft fuselage, windshield, windows, doors, and cargoes. These anti-vibration systems use semi-active hydraulic lag dampers and Active Vibration Control (AVC) for vibration control in the aircraft. In addition, these systems involve the use of multiple airframes mounted force actuators to cancel any vibration.

Regional Insights: Vibration Control System Market

Asia Pacific is expected to emerge as the fastest-growing region over the forecast period. The growth can be attributed to the rapid industrialization, primarily in China, Japan, and India. Moreover, major manufacturers in the market are from China, because of the low capital cost required in the country and developments in technology, in the market. Besides, Latin America is expected to grow at a considerable growth over the forecast period, owing to continuous technological upgradation in the VCS. Wherein, Brazil is considerably contributing to market growth, owing to the rapid development in the oil and gas, textile, automotive, and machinery and equipment sectors. North America held a considerable market share of more than 19.0% in 2019, of the total revenue share. The growth is attributed to the growing demand for healthcare, aviation, and defense anti-vibration systems in the U.S. and Canada. In the current market scenario, the U.S. dominates the market in North America. Large scale adoption of these systems can be seen in the U.S. electronics and electrical, automotive, and food manufacturing sectors. Being the early adopter of vibration control technology, North America is home to a large number of manufacturers and solution providers.

Vibration Control System Market Share Insights: Vibration Control System Market

Some of the prominent players in the market include Key players are focusing on research and development, which, in turn, would help increase their market presence. For instance, in March 2019, Trelleborg AB announced an opening of its anti-vibration systems manufacturing facility in India (Bengaluru). This expansion was intended to expand Trelleborg’s production facilities for anti-vibration systems in the region and help the local production of Trelleborg’s portfolio for the railway sector. This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2027. For the purpose of this study, Trusted Business Insights has segmented the global vibration control system market report on the basis of system type, application, and region:

System Type Outlook (Revenue, USD Million, 2016 - 2027)

  • Motion Control
  • Springs
  • Hangers
  • Washers & Bushes
  • Mounts
  • Vibration Control
  • Isolating Pads
  • Isolators
  • Others

Application Outlook (Revenue, USD Million, 2016 - 2027)

  • Automotive
  • Aerospace & Deference
  • Manufacturing
  • Electrical & Electronics
  • Healthcare
  • Oil & Gas
  • Others

Table of Contents
Chapter 1. Methodology and Scope
   1.1. Research Methodology
   1.2. Research Scope and Assumptions
   1.3. List of Data Sources
   1.4. List of AbbreviationsChapter 2. Executive Summary
   2.1. Market Summary
   2.2. Vibration Control Systems Market, 2016 - 2027Chapter 3. Market Variables, Trends, and Scope Outlook
   3.1. Market Segmentation
   3.2. Market Size and Growth Prospects, 2016 - 2027    
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