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Aerospace Vibration And Noise Control System Market Report
Aerospace Vibration and Noise Control System Market is Segmented by System Type (Active Control System [Hardware {Sensors, Actuators, Controllers, and Communication System} and Software] and Passive Control System [Isolators, Dampers, and Bearings & Others]), by Platform Type...
Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
The aerospace industry is one of the most critical end-user markets for the vibration and noise control system. The general trend in the aerospace industry is to develop more technologically capable, fuel-efficient aircraft, and advanced military systems. Vibration and noise control system is used for noise cancellation and vibration damping, generated from different parts of an aircraft, especially from engines. Vibration generated by engines reaches cabin or interior, which causes fatigue to passengers and crew members. All the major vibration and noise control system providers have been investing heavily in R&D in order to develop products addressing the existing as well as teething market challenges in a better way. The introduction of stringent regulations regarding passenger safety and comfortability further propels the innovations in the market.
In 2019, the commercial aerospace industry faced several challenges which led to significant disruption in the entire ecosystem of the aerospace industry. Grounding of B737 Max, US-china trade war, P&W 1100G engine series failure (A320neo), delayed deliveries of upcoming aircraft program (B777X), revised production rates of key aircraft programs, A350XWB and B787, due to cancellation of orders from China and other parts of the world, increase in tariffs on Airbus aircraft in the USA, and potential restrictions on the engine (GE Aviation) sales from the USA to China for C919 aircraft programs are the major challenges, negatively impacting the entire supply chain including the demand for vibration and noise control systems.
The industry which was expected to rebound by the first half of the year 2020, fell in the grip of the COVID-19. The impact of COVID-19 has been the maximum in the aerospace industry. All the major economies are halting the production of their assembly plants as well as airlines are delaying receiving the new aircraft deliveries. Halt in the production facility of Airbus in France and Italy; Rafale production halts in France, and extension in the certification of the B737 Max due to pandemic situation in the world have affected the industry health in 2020. The impact of COVID-19 is anticipated to be graver than the SARS which broke out in 2003. In March 2020, IATA (International Air Transport Association), a trade group, projected a possible hit of US$ 113 billion to the worldwide revenue for the airline industry in the ‘Extensive Spread’ scenario.
Despite excruciating market environments, the overall five-year growth (CAGR) of the aerospace vibration and noise control system market seems favorable, leading to an annual sales value of US$ 1.4 billion in 2025. The industry is optimistic about 2021 onwards. Boeing in its 2019-2038 outlook, anticipated the total new commercial and regional aircraft deliveries to be 44,040 aircraft units during 2019-2038. Similarly, Airbus anticipated the 39,210 commercial and regional aircraft deliveries during the same period.
It becomes extremely crucial for the market participants to target the right applications and products to tackle this depressing environment. Some of the factors, which may provide some relief to companies include a paradigm shift from passive control systems to active control systems and increased usage of advanced materials to develop lightweight systems. Companies aligned with these changing market requirements are at a lower risk and may sustain in this crucial time.
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Based on the platform type, the market is segmented into fixed-wing aircraft, rotary-wing aircraft, and spacecraft. Fixed-wing aircraft is further segmented into commercial aircraft, regional aircraft, general aviation, and military aircraft. Fixed-wing aircraft is expected to remain the largest segment of the market during the forecast period. The year 2020 seems to be tough, owing to a host of factors such as the grounding of the B737max, the impact of the Covid-19 outbreak leading to the grounding of flights and halt of production in China, France, and Italy, increase in tariffs on Airbus aircraft by the USA, and the US-China trade war. However, the long-term outlook still seems positive with ample opportunities for the market participants.
Based on the system type, the market is segmented into active control system and passive control system. Active control system is further bifurcated into hardware and software. Hardware is again segmented into sensors, actuators, controllers, and communication system. Similarly, passive control system is broken down into isolators, dampers, and bearings & others. During the forecast period, passive control system is expected to remain the larger segment, whereas active control system is expected to remain the faster-growing system type. Passive control systems are used to reduce the vibration and noise in the mid- and high-frequency range by making the structure stiffer or via the addition of dampers in proper locations. They are used in a wide array of applications including avionics, aeroengine and its accessories such as fuel controls, pressure sensors, and oil coolers.
In terms of region, North America is projected to remain the largest market during the forecast period, whereas Asia-Pacific is expected to remain the fastest-growing market during the same period. The USA is to maintain its lead in the market in the coming years. However, the recent outbreak of Covid-19 in the USA is somehow denting its leadership.
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Boeing, the leading commercial aerospace manufacturing company, was already in tremendous pain due to grounding of B737Max. The strain of Boeing took to the unmanageable level with the recent outbreak of COVID-19 with many airlines avoiding to receive aircraft from airframers. On 17th March 2020; Boeing called for a US$ 60 billion lifeline from the USA government in order to survive in this breath-taking environment.
China is the largest and one of the fastest-growing aerospace industries in the Asia-Pacific region. The short-term market outlook in the Asia-Pacific region is severely impacted owing to the temporary closure of A320 and A330 assembly plant in Tianjin, China and plummeted air traffic in the region (more than half) due to Covid-19 outbreak. The future of Asia-Pacific’s aerospace industry still seems vigorous, as Boeing forecasted an expected delivery of 17,390 commercial and regional aircraft during 2019-2038.
The supply chain of this market comprises components suppliers, vibration and noise control system suppliers, distributors/part brokers, tier players, OEMs, airlines, aircraft leasing companies, and MRO companies.
The key players in the aerospace vibration and noise control system market are
The formation of long-term contracts, new product developments, and strategic alliances are the key strategies adopted by major players to gain a competitive edge in the market.
In recent years, the market is witnessing a gradual consolidation as major players are acquiring other players to strengthen their product portfolio and expand their geographical reach. Also, it is noticed that other giant aerospace tier players who are not engaged in this market are acquiring leading vibration and motion control system providers in order to encash the market’s lucrative growth. For instance, in 2019, Parker-Hannifin Corporation acquired Lord Corporation to strengthen its position in the aerospace vibration and noise control system market.
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The market is segmented into the following categories:
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The Aerospace Vibration and Noise Control System Market size is expected to reach an estimated value of US$ 1.4 billion in the foreseeable future.
Lord Corporation (Parker-Hannifin Corporation), Hutchinson SA, Moog Inc., ITT Inc. (ITT Enidine, Inc.), Ultra Electronics Holdings Plc, Ro-Ra Aviation System GmbH, Arkwin Industries Inc., Shock Tech., Inc., Terma A/S, AB SKF are among the key players in the Aerospace Vibration and Noise Control System Market.
North America is expected to remain the largest aerospace vibration and noise control system market during the forecast period of 2020-2025.
Fixed-wing aircraft is expected to remain the largest segment of the aerospace vibration and noise control system market in the coming five years.
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