Vibration Control System Market Analysis Report By System Type, By Application, By Region And Segment Forecasts From 2020 To 2027

Industry Insights

The global vibration control system market size was worth USD 4.3 billion in 2019. It is anticipated to witness a 6.0% CAGR from 2020 to 2027. Increasing focus on maintaining balancing and stability of automobile and industrial machinery is attributing to the growth of the market. It is an isolation system that responses to coming vibrations. By controlling vibrations in a dynamic and static system, these systems help in reducing friction and some other disruptions. These systems are used in various industries such as aero & defense, oil & gas, healthcare, automotive, and electrical & electronics.

The rapid growth in the aviation industry and automobiles is further bolstering the growth of the market. The next generation VCS that helps in reducing the vibration in aircraft is the major factor attributing to the market growth. In the automotive industry, mountings and bushing are used in reducing vibration. These anti-vibration components help in extending components lifecycle along with enhancing vehicle efficiency.

Earlier, electrical equipment and the automotive industry used VCS in their system. However, with the increasing need to control vibration in order to extend the component life, various other end-use industries such as oil & gas, aerospace & defense, and mining are also using these systems. In addition, the pharmaceutical sector usage this to reduce the vibration in critical machines such as DNA sequencing microarrays and Magnetic Resonance Imaging machines.

However, stringent regulations pertaining to VCS systems and their high cost are estimated to restrain the market growth over the forecast duration. The stringent regulation imposed by defense and aerospace authorities in the U.S. is forcing manufacturers to upgrade VCS design. Increasing demand for smart, adaptive, and self-controlling VCS in the aerospace industry is offering a lucrative opportunity for the vibration control systems market growth.

System Type Insights

Manufacturers provide mainly two kinds of VCS, motion control and vibration control. Further, the vibration control system is divided into isolators, isolating pads, and others. It is predicted that the vibration control system would exhibit the highest CAGR over the forecast duration. Increasing demand for this segment in the power plants and the oil & gas industry is attributing to its growth. These systems usage various anti-vibration components such as springs, washers, absorbers, dampers, and mounts to counter the effect of vibration in power plants.

On the other hand, the motion control category is predicted to witness significant growth over the forecast duration. Increasing aerospace and automotive industries are driving the demand for the motion control system. The use of the motion control system in fixed-wing aircraft is gaining traction as it reduces the vibration caused by the main rotor in the helicopter fuselage.

Application Insights

The electrical & electronics category held around 15.0% share in the global vibration control systems market in 2019. Owing to the rise in the manufacturing of industrial pieces of machinery, this segment is projected to benefit all stakeholders in the value chain. Various vibration control systems such as control electronics, actuators, and vibration sensors are used in the electronics industry in order to safeguard various components from impact forces. For industrial applications, several anti-vibration components include bushes, level mounts, cylindrical buffers, sandwich mounts, bushes, and others.

On the other hand, the aerospace & defense division is likely to register significant growth over the forecast duration. Increasing focus on reducing the vibration in aircraft to enhance its performance is driving the growth of this segment. Vibration in aircraft can cause damage to windshields, doors, windows, and cargo. Anti-vibration systems in aircraft include active vibration control and semi-active hydraulic lag dampers.

Regional Growth

The Asia Pacific is projected to be the highest growing sector from 2020 to 2027. Rapid urbanization in APAC countries such as Japan, India, and China is driving the growth of the region. China is one of the leading manufacturers in the region owing to developed technology and low capital cost requirement. On the other hand, Latin America is likely to witness significant growth over the forecast years, primarily because of technological advancements in vibration control systems. Owing to the development in the automotive, oil & gas, and textile industries, Brazil is significantly contributing to the market growth.

In 2019, North America accounted for over 19% of the share in the global market. Increasing demand from the aviation, defense, and healthcare sectors is driving regional growth. The U.S. accounts for the largest share in North America. The region is also a home of several VCS manufacturers and solution providers owing to the early adoption of VCS technology.

Impact of COVID-19

The COVID-19 outbreak has adversely affected the growth of the vibration control systems. The pandemic outbreak has led to the closure of manufacturing units and various end-user industries, thereby, reducing production and disrupting the supply chain. Further, various end-user industries have reduced their expenditure on the procurement of advanced vibration control components. In addition, COVID-19 has adversely affected the revenues of several manufacturers as they witness significantly low sales in the first and second quarters of 2020. Thus, overall, COVID-19 has adversely affected the market growth.

Vibration Control System Market Share Insights

Major market players are Lord Corporation, VICODA GmbH, HUTCHINSON, ContiTech AG, Fabreeka, Trelleborg AB, and Isolation Technology among others. Market players are focusing on expanding their presence along with upping their investment in research & development. For example, Trelleborg AB opened its manufacturing facility in Bengaluru, India in March 2019. This expansion would help the company in setting its footprint in the region. Growing demand from the railway sector in India is projected to drive the company’s growth in the region.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels, and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2027. For the purpose of this study, Million Insights has segmented the global vibration control system market report on the basis of system type, application, and region:

• System Type Outlook (Revenue, USD Million, 2016 - 2027)
    • Motion Control
        • Springs
        • Hangers
        • Washers & Bushes
        • Mounts
    • Vibration Control
        • Isolating Pads
        • Isolators
        • Others

• Application Outlook (Revenue, USD Million, 2016 - 2027)
    • Automotive
    • Aerospace & Deference
    • Manufacturing
    • Electrical & Electronics
    • Healthcare
    • Oil & Gas
    • Others

• Regional Outlook (Revenue, USD Million, 2016 - 2027)
    • North America
        • The U.S.
        • Canada
    • Europe
        • The U.K.
        • Germany
        • France
        • Russia
    • The Asia Pacific
        • China
        • India
        • Japan
    • Latin America
        • Brazil
        • Mexico
    • Middle East & Africa