Vibration control systems are utilized for the reduction of alteration of vibration levels of machinery or equipment. It has found application in major industry domains such as automotive aviation, oil & gas, etc. The technological advancements in these industry verticals are poised to prompt demand growth over the next few years. The global vibration control system market, according to this Market Research Future (MRFR) report, is anticipated to expand at a moderate pace across the review period 2019 to 2025.
Rising safety concerns are likely to drive the expansion of the market in the years to come. The product ensures safety of machinery by moderating the vibration levels. In recent years, governments are witnessed to provide incentives and subsidies to promote the installation of these systems. This, in turn, is projected to catalyze expansion of vibration control system market in the forthcoming years. On the contrary, component reliability issues, coupled with high product cost, is projected to check expansion of the market in the nearby future.
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By system type, the global vibration control system market has been segmented into automation control, vibration control, and motion control.
On the basis of component, the vibration control system market has been divided into hardware and software.
Based on industry vertical, the global vibration control system market has been segmented into aerospace and defense, automotive, electronics, healthcare, military, and others.
The geographical analysis of the global vibration control system market is included in this report on regional and country-level basis. The regional segments of the market identified in this report are - North America, Asia Pacific (APAC), Europe, and the Rest of the World (RoW). Asia Pacific is expected to exhibit the highest growth rate over the next couple of years. Rapid industrialization being observed in the region is likely to fuel market growth in the years to come. China, Japan, and India are identified to emerge as prime country-level vibration control system market of the region in the forthcoming years.
North America is anticipated to witness considerable growth over the forecast period. The growth of industry verticals such as healthcare, aviation, defense, etc. is poised to encourage the growth of the vibration control system market in the region.
The Rest of the World segment is likely to observe a positive growth rate in the foreseeable future owing to emerging markets in the Middle East and South America. Middle Eastern regions are anticipated to attract investments from global leaders for regional expansion. This, in turn, is projected to catapult the vibration control system market in the region on the growth trajectory. South America, on the other hand, is a fast-developing region exhibiting rapid technological advancements. Brazil and Argentina are prognosticated to have a significant contribution to the incomes earned by the market in the region. In addition, the increasing growth pace of industries such as oil and gas, automotive, textile, machinery & equipment, etc. is expected to influence the regional market’s growth positively in the nearby future.
Hutchinson (France), Cooper Standard (US), Dynatronic Corporation Ltd. (China), Crystal Instruments (US), Lord Corporation (US), Sentek Dynamics Inc. (US), Spektra Schwingungstechnik Und Akustik GmbH Dresden (Germany), Gerb Vibration Control Systems, Inc., (US), Technical Manufacturing Corp., (US), and Müpro Services GmbH (Germany) are some of the major players operating in the global smart e-drive market. These players are expected to increase investments in research & development in the upcoming years. This, in turn, is anticipated to intensify competition in the smart e-drive market over the next couple of years. The growth trajectories expected to be devised by market participants include product development, mergers & acquisitions, partnerships, agreements, collaborations, etc.
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