Vibration Control Systems Market:Global Industry analysis (2012-2016) and Opportunity Assessment (2017-2027)
NEW YORK, Sept. 7, 2017 /PRNewswire/ -- Aviation industry spurring demand in the vibration control systems market
The home of Boeing Corp. and Lockheed Martin – North America – has played a critical role in the aviation industry and its aircraft are highly sought after in both the defence and commercial aviation industry. Although these aircraft are cutting-edge and state-of-the-art, jet-engine noise and turbulence can cause strong vibrations. Engineers have tried various ways to reduce aircraft vibrations to minimise wear and tear and ensure that the flight is safe. For e.g., for its fifth-gen fighter aircraft F-35, Lockheed Martin has sought assistance from Denmark-based Brüel & Kjær Sound & Vibration Measurement A/S for vibration and noise analysis. Even the NASA Langley Research Center has devised a point sensor and piezoelectric actuator system to reduce vibrations in flexible structures.
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High-rise buildings need vibration control systems for elemental protection
Cities in North America such as New York, Chicago, and Ottawa have numerous high-rise buildings for both residential and commercial purposes. Skyscrapers are prone to vibrations that can be caused by earthquake tremors, underground metro movement, and high velocity winds. Over an extended period of time, these vibrations can led to column clamps, loose bolts, and structural cracks. To minimise these vibrations, experts seek to implement a number of technologies from the vibration control systems market. In 2013, NASA created a stabilising technology called the LOX Damper while working on a violently shaking rocket. Engineers and researchers are now of the opinion that a similar technology from the vibration control systems market can be effectively deployed in high-rise structures.
Vibration control systems market helps improve automobile longevity
The automobile industry in North America is amongst the most prominent in the world. For more than a century, the region has been churning out passenger cars, high-end luxury and sports cars, and even commercial vehicles. These automobiles are designed with the objective of providing the best to buyers and several anti-vibration systems are deployed in them to reduce vibrations, thereby maximising comfort and efficiency. Anti-vibration systems such as bushing and mounting go a long way in increasing vehicle as well as component longevity. American icons such as Ford and GM have been consistently upgrading different mounts and suspensions in their vehicles to ensure smooth, long-term functioning.
Cheap alternatives and resistance to change major market restraints
The North America vibration control systems market has been flooded by cheaper alternatives from Asian manufacturing hubs China and Taiwan and systems from these countries are readily available. There is a strong possibility that customers might opt for the cheaper option, making it quite challenging for North American vibration control system manufacturers. In addition, manufacturers and small industries could resist adopting vibration control systems without regulatory bodies to monitor any sort of discrepancy. The added expense of installing such systems and carrying out annual maintenance checks could restrain the growth of the North America vibration control systems market.
Space engineering and automotive innovations key trends in North America
The U.S. dominates the fields of avionics engineering and space exploration on account of massive R&D and huge funding from both private and public enterprise. NASA and other space organisations have been continuously pushing themselves in developing next-gen vibration control systems for rockets and spacecraft that reduce vibrations by a considerable amount. The automotive sector is not far behind as the industry strives to produce and design innovative products that are safer, efficient, and more comfortable. Companies such as Daimler and Ford are working on the design and raw materials to reduce weight and maximise the potential of products available in the vibration control systems market. Among the regional markets, the Northern America vibration control systems market is expected to grow at a significant CAGR of 4.1% over the forecast period. APEJ will lead the global market in terms of CAGR growth, registering 4.5% for the said period. North America will hold the maximum revenue share in the global vibration control systems market, estimated to hold close to 30% value share by the end of 2027. Within North America, the U.S is anticipated to be a slightly larger opportunity than Canada and should cross US$ 300 Mn in revenue in 2017, compared to about US$ 253 Mn in Canada. However, the CAGR of Canada is higher at 4.2% for the period 2017 to 2027 as compared to 4.0% recorded by the U.S during the same period.
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