Middle East and Africa Active Noise and Vibration Control System Market
No. of Pages: 99 | Report Code: TIPRE00014161 | Category: Aerospace and Defense
No. of Pages: 99 | Report Code: TIPRE00014161 | Category: Aerospace and Defense
Industrialization is enormous and the pace of manufacturing is growing at a rapid rate over the years. The continuous growth in the number of manufacturing facilities across the MEA is reflecting the rise in demand for anti-vibration systems to enhance the life span of the machines and reduce operational and maintenance costs. The intensifying competition across industries around the MEA is leading the manufacturers to increase their outputs with greater efficiency. The manufacturers are increasingly focusing on analyzing the health and operability of each asset, which is enabling the manufacturers to grow productivity and earn a profit. Therefore, bolstering the demand for active noise and vibration control system across various manufacturing plants. Additionally, the railway OEMs are robustly focusing on the integration of active noise and vibration control systems inside the rails to offers passenger comfort and convenience during the journey. Factors like growing demand of active noise and vibration control system among railway and defense sector is expected to drive the market in MEA. Furthermore, 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.
Strategic insights for the Middle East and Africa Active Noise and Vibration Control System provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 204.95 Million |
| Market Size by 2027 | US$ 285.26 Million |
| Global CAGR (2020 - 2027) | 4.5 % |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | Middle East and Africa
|
| Market leaders and key company profiles |
The geographic scope of the Middle East and Africa Active Noise and Vibration Control System refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The active noise and vibration control system market in MEA is expected to grow from US$ 204.95 million in 2019 to US$ 285.26 million by 2027; it is estimated to grow at a CAGR of 4.5 % from 2020 to 2027.Technological innovations and commercialization will push the demand of active noise and vibration control system market in MEA. Noise and vibration on an aircraft create significant problems for the crew, passengers, as well as the aircraft. With an objective to reduce noise and vibration, the development of passive and active technologies has been highly accepted and appreciated by the aircraft OEMs. However, the active noise and vibration control systems are gaining prominence at a significant pace over the passive counterparts. Attributing to this, the manufacturers of active noise and vibration systems are increasingly emphasizing the development of novel technologies to mitigate any types of noise or vibrations for smart aircraft models. Over the last few years, several aircraft OEMs have been focusing on the development of smart aircraft, which is expected to use fiber Bragg grating (FBG) sensors and piezoelectric ceramics. The development of the technology and commercialization of the vibration control system is expected to gain attraction of several aircraft OEMs, which is further foreseen to catalyze the MEA active noise and vibration control system market.
In terms of type, the vibration segment accounted for the largest share of the MEA active noise and vibration control system market in 2019. In terms of system, the actuators segment held a larger market share of the MEA active noise and vibration control system market in 2019. Further, the defense segment held a larger share of the market based on application in 2019.
A few major primary and secondary sources referred for preparing this report on active noise and vibration control system market in MEA are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Faurecia Creo AB; Honeywell International Inc.; Hutchinson; Moog Inc.; Parker Hannifin Corporation; Terma A/S; Trelleborg AB.
The List of Companies - Middle East and Africa Active Noise and Vibration Control System Market
The Middle East and Africa Active Noise and Vibration Control System Market is valued at US$ 204.95 Million in 2019, it is projected to reach US$ 285.26 Million by 2027.
As per our report Middle East and Africa Active Noise and Vibration Control System Market, the market size is valued at US$ 204.95 Million in 2019, projecting it to reach US$ 285.26 Million by 2027. This translates to a CAGR of approximately 4.5 % during the forecast period.
The Middle East and Africa Active Noise and Vibration Control System Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East and Africa Active Noise and Vibration Control System Market report:
The Middle East and Africa Active Noise and Vibration Control System Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East and Africa Active Noise and Vibration Control System Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East and Africa Active Noise and Vibration Control System Market value chain can benefit from the information contained in a comprehensive market report.
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