The active noise and vibration control systems are basically used for reducing the cabin and cockpit noise and vibration levels in an aircraft. This helps in enhancing the passenger comfort and effectiveness of a crew as well as increases the performance of a commercial and military aircraft. This allows for a hassle-free and effective communication between the pilot and the crew. Growing adoption of ANVC systems has proved to be positive for the air transport industry as well as airlines industry, which in turn is also boosting the growth of the global market for ANVC systems.
What the ANVC system market looks like?
The global active noise and vibration control (ANVC) system market which was estimated to be valued at USD 2.16 Billion in 2016 is projected to reach a value of USD 2.93 Billion by 2022, growing at a CAGR of 5.15% during the forecast period 2017-2022.
On the basis of component, the hardware segment is projected to hold the largest market share in 2016, with the sub-segment of actuators estimated to be the leading market among all hardware. However, the software segment is expected to grow at the highest CAGR over the forecast period, owing to the increasing digitalization of the active noise and vibration control system.
Among applications, the vibration segment is expected to account for the highest share of the market in 2016, and is also predicted to witness the highest growth during the forecast period. This growth can be majorly attributed to the increased adoption of active vibration control systems in rotary wing aircrafts. Additionally, increase in deliveries of rotorcrafts in Europe and Asia-Pacific is also expected to boost the growth of this market even further.
Which region is expected to be the leading market for ANVC systems?
Geographically, the market in North America is expected to be the dominant market for active noise and vibration control systems over 2016-2022, with the U.S. and Canada being the key revenue pockets in this region. This growth can be mainly contributed to the general and commercial aviation industry in this region, which has seen a substantial growth over the past few years, owing to an increase in aircraft deliveries. Moreover, growing aviation sector and air travel is estimated to boost the overall demand for ANVC systems in this region. Furthermore, the leading manufacturers in this market such as LORD Corporation (U.S.) and Moog Inc. (U.S.) have their headquarters in this region, which is expected to further drive this market towards growth.
However, the market in Asia-Pacific is predicted to grow at the highest CAGR over the forecast period, mainly due to the increase in aircraft deliveries in this region. Furthermore, the emerging economies such as India and China are actively investing in upgradation from passive to active noise and vibration control system, which is projected to further help the market grow in the coming years. Apart from this, key aircraft manufacturers such as Hindustan Aeronautical Ltd, (HAL), Commercial Aircraft Corporation of China, Ltd. (COMAC), and Mitsubishi Aircraft Corporation (MITAC) are likely to integrate ANVCS in aircraft, which will further drive the market in APAC.
What is driving and restraining the market growth?
The growth of the global market for active noise and vibration control (ANVC) systems is being primarily influenced by the following factors:
- Improved passenger comfort
- Rising air passenger traffic
- Improvements in pilot and cabin crew performance
- Improved performance of aircrafts
In addition, increase in adoption of ANVC systems in the commercial aviation sector and technological advancements in system components is expected to further create an array of opportunities for the growth of this market.
On the flip side, reliability issues in components and strict industry regulations are the factors that are likely to hinder the growth of this market to a certain extent. Moreover, limitation in completely eliminating noise and vibration is a key challenge for the leading players involved in this market.
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Key players and growth strategies adopted
LORD Corporation (U.S.), Ultra Electronics Holdings plc. (U.K.), and Moog Inc. (U.S.) are the major companies operating in the global market for active noise and vibration control (ANVC) systems. These companies adopted growth strategies like contracts and agreements in order to enhance their market portfolio as well as increase their market shares. The strategy of contracts was the key strategy adopted by the players for strengthening their market share as well as achieving sustained growth in the market.