The active noise and vibration control system market in the MEA is expected to grow from US$ 204. 95 million in 2019 to US$ 285. 26 million by 2027; it is estimated to grow at a CAGR of 4. 5 % from 2020 to 2027.
New York, Oct. 28, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Middle East and Africa Active Noise and Vibration Control System Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Type, System, and Application" - https://www.reportlinker.com/p05978865/?utm_source=GNW
Rise in focus toward aircraft weight reduction is a major factor contributing to the growth of the market.The aviation industry is maturing at a rapid rate over the years, recording a significant number of production and deliveries of aircraft (commercial and military) fleet (fixed wing and rotary wing).
However, the aircraft manufacturers are facing challenges on decreasing the overall weight of any aircraft.Therefore, the airframe manufacturers and component manufacturers are continuously seeking advanced technologies that are lighter in weight.
Also, as a majority of commercial aircraft end users/owners are increasingly seeking fuel efficient aircraft for better performance on long-haul flights, the demand for weight reduction continues to surge among the airframe manufacturers.On the other hand, the military aircraft owners are seeking lightweight aircraft to facilitate the pilots to operate the aircraft for a longer period with higher fuel efficiency and easy maneuver.
Thus, the demand for lightweight components is surging among the aircraft OEMs, commercial airliners, and military forces. The active noise and vibration control systems offer significant weight reduction capability compared to their passive counterparts. This factor is increasing the interest among the end users to adopt the technology, and owing to this, the MEA active noise and vibration control system market is gaining popularity at a prominent rate. Moreover, the stimulating demand for active noise and vibration control systems among defense vehicle makers is expected to boost the growth of the market.
Further, the MEA region is highly affected by the COVID-19 outbreak, especially South Africa.The MEA active noise and vibration control system market is mainly affected by the disruption in the supply chain.
Due to the closing of borders of countries, the supply chain of several components and parts have been disturbed.The demand for advanced defense vehicle components, including active noise and vibration control system, for retrofitting activities has weakened over the past couple of months.
This has resulted in a loss of business among the active noise and vibration control system market players offering their products to military customers.
Based on application, the defense segment led active noise and vibration control system market in MEA in 2019.The active noise and vibration control systems are used heavily in various applications across the defense sector.
They are the essential components on military ground vehicles and naval ships.The presence of large number of defense contractors across the MEA allows the active noise and vibration control system market players to experience significant demand for their products, which catalyzes the MEA active noise and vibration control system market year-on-year.
So the high demand for active noise and vibration control systems in defense ultimately drives the MEA market.
The overall MEA active noise and vibration control system market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.
The process also serves the purpose of obtaining overview and forecast for the MEA active noise and vibration control system market with respect to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.
The participants who typically take part in such a process include industry experts, such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants, such as valuation experts, research analysts, and key opinion leaders specializing in the MEA active noise and vibration control system market. Key players operating in MEA active noise and vibration control system market include Faurecia Creo AB, Honeywell International Inc., Hutchinson, Moog Inc., Parker Hannifin Corporation, Terma A/S, and Trelleborg AB.
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