Market Insights

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.

Market Challenges & Impact of COVID-19

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.

Segments' Analysis

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By Platform Type: Fixed-wing Aircraft to Lead the Market

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.

By System Type: Passive Control System to Remain Larger Segment

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.

By Region: Impacted in Short Term, North America to Maintain its Dominance

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 17^th 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.

Market Segmentation

The market is segmented into the following categories:

Aerospace Vibration and Noise Control System Market, By System Type:

• Active Control System
  • Regional Analysis: North America, Europe, Asia-Pacific, and RoW
  • Component Type Analysis: Hardware and Software
    • Hardware Type Analysis: Sensors, Actuators, Controllers, and Communication System
• Passive Control System
  • Regional Analysis: North America, Europe, Asia-Pacific, and RoW
  • Product Type Analysis: Isolators, Dampers, and Bearings & Others

Aerospace Vibration and Noise Control System Market, By Platform Type:

• Fixed-Wing Aircraft
  • Regional Analysis: North America, Europe, Asia-Pacific, and RoW
  • Aircraft Type Analysis: Commercial Aircraft, Regional Aircraft, General Aviation, and Military Aircraft
• Rotary-Wing Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Spacecraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Aerospace Vibration and Noise Control System Market, By Application Type:

• Cabin (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Engine (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Airframe (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Landing Gear (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Aerospace Vibration and Noise Control System Market, By Region:

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, The Middle East, and Others)

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Key Players

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

• 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

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.

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s market realities and future possibilities for the forecast period of 2020 to 2025. The report segments and analyzes the market in the most comprehensive manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of low-hanging fruits available as well as in the formulation of growth strategies.

Our reports offer high-quality insights and are the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.     

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

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With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Competitive Assessment

• Competitive Benchmarking of key players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Regional Segmentation

• Current market size (2019) of aerospace vibration and noise control system in any North American country by platform type

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