Market Analysis
Market Research Future (MRFR) projects the global vibration control system market to grow at a significant pace from 2019 to 2025 (forecast period).
The vibration control system is used to minimize or modify the vibration level of a mechanical structure. The vibration control system has a great deal of practical interest in a range of industrial applications, such as automotive, aircraft, solar batteries, robots, and rotors. The vibration control system is built for fail-safe operation even in the event of network or power loss.
The main drivers for the growth of this market are rising concerns about the safety and security of mechanical structures, the increasing adoption of active vibration control systems from different industry verticals, the growing automotive and aviation sector globally, and the growing need for improving passenger comfort and convenience.
Strict industry regulations, component reliability issues, and the costs associated with the production of the vibration control system in terms of research serve as a barrier to new entrants. However, the increasing demand for smart, adaptive, and self-controlling vibration control systems, technological advances in vibration control systems such as ANVC systems in aircraft, advanced component technology, web-based continuous machine condition monitoring are opportunities to expand this market.
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COVID-19 Impact on the Global Vibration Control System Market
The COVID-19 virus has spread around the globe, affecting some industries positively, while other industries have been negatively affected. The world is experiencing a life-threatening health crisis as well as a global economic recession due to the lockdowns imposed by most governments. The COVID-19 pandemic has had a dramatic impact on the aviation and automotive industries. Lockdowns imposed across countries to curb the spread of the pandemic have raised restrictions on both domestic and foreign travel, which have greatly affected the aviation industry.
In addition, the closure of manufacturing facilities has slowed the production of auto parts, commercial vehicles, and passenger vehicles, which has led to a sharp decline in vehicle sales and thus hindered the growth of the automotive industry. This scenario has limited the use of vibration control systems and has therefore had an impact on the growth of the market for vibration control systems.
Key Players
Some of the key industry participants covered in the global market of vibration control system include Hutchinson (France), Dynatronic Corporation Ltd. (China), Cooper Standard (US), Crystal Instruments (US), Sentek Dynamics Inc. (US), Lord Corporation (US), Spektra Schwingungstechnik Und Akustik GmbH Dresden (Germany), Technical Manufacturing Corp., (US), Gerb Vibration Control Systems, Inc., (US), and Müpro Services GmbH (Germany).
Market Segmentation
The global vibration control system market has been segmented based on system type, component, and industry vertical.
- Based on system type, the global vibration control system market has been segmented into vibration control, automation control, and motion control.
- Based on components, the global vibration control system market has been segmented into hardware and software.
- Based on industry vertical, the global vibration control system market has been segmented into automotive, aerospace and defense, electronics, military, healthcare, and others.
Regional Analysis
Geographically, the global vibration control system industry has been segmented into four major regions: North America, Europe, Asia Pacific, and the rest of the world.
The growth of Asia Pacific can be attributed to an increase in government schemes and subsidies to encourage the use of vibration control systems across the world. The vibration control market is expected to develop at the highest rate in Asia Pacific during the forecast period due to industrialization, mainly in China, Japan, and India. The existence of major manufacturers and operating units of global players in this area, combined with the availability of advanced technologies, makes it possible for the market to flourish.
Summary
The global vibration control system market is projected to grow at a rapid rate from 2019 to 2025 (forecast period). Vibration control systems are isolation systems that respond robustly to incoming vibrations. They are used to modify or reduce the vibration levels of the mechanical structure. The main factor responsible for the growth of the market is the growing focus on balancing and mechanical stability of industrial automobiles and machinery. These systems are used to regulate vibrations in moving and static machines and help minimize friction and other disruptions. Vibration control systems also protect machine components and avoid loss of energy and heat generation.
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