The global vibration control system market size is expected to reach USD 7.93 billion by 2030, registering a CAGR of 6.2% over the forecast period, according to a new report by Grand View Research, Inc. Growing adoption of vibration control systems in healthcare applications is expected to drive market growth over the forecast period. Vibration control systems are being used in healthcare applications to mitigate the impacts of vibration on sensitive equipment such as DNA sequencing microarrays and Magnetic Resonance Imaging (MRIs).
Vibration Control System Market Report Highlights
- The market is anticipated to witness substantial growth during the forecast period, owing to the rising adoption in various industries, including healthcare, oil & gas, and aerospace & defense, among others
- The vibration control segment accounted for the highest revenue share in 2021, owing to the growing demand for automation controls in power plants and oil & gas industries
- The manufacturing industry is expected to register the highest growth over the forecast period, owing to the rapidly increasing manufacturing of industrial machinery worldwide
- Europe held the largest revenue share in 2021, owing to the presence of a large number of automobiles manufacturers in the region
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Vibration Control Systems (VCS) are also extensively used in the aerospace & defense industry to decrease the vibrations causing damage to the aircraft windshield, windowpanes, doors, and shipments. Based on system type, the market is segmented into motion control and vibration control systems. The demand for motion control systems in automotive, power plants, and the oil & gas industry has increased over the last few years. Motion control systems isolate the effects of vibration and shock in power plants, thereby increasing the demand for such systems among these industries.
Besides, the electronics & electrical industry, including industrial goods, is witnessing a paradigm shift in terms of increasing usage of vibration control methods. Vibration control systems are used in the industrial goods industry for isolating vibrations on electronic instruments and measuring equipment. Additionally, another factor contributing to the substantial growth of this region is the presence of major manufacturers in the Chinese regional market. The low cost of capital and availability of cheap labor & material in this region is expected to drive the growth of the market.
Vibration Control System Market Insights By Demographics
Europe accounted for the largest market share. Asia Pacific is expected to emerge as the fastest-growing region over the forecast period. The growth can be attributed to rapid industrialization, primarily in China, Japan, and India. Latin America is expected to grow at a considerable growth over the forecast period, owing to continuous technological upgrades in the VCS. North America held a significant market share of the global revenue. The growth is attributed to the growing demand for healthcare, aviation, and defense anti-vibration systems in the U.S. and Canada. Large-scale adoption of these mechanisms can be seen in the U.S. electronics & electrical, automotive, and food manufacturing sectors.
Industry Share Analysis By Major Companies
Vibration control systems used in the aerospace & defense industry are anticipated to witness considerable growth over the forecast period. Vibration control systems providers are focusing on research & development, which in turn would help increase their market presence. Some of the prominent players in the global vibration control system market include:
- ContiTech AG
- Lord Corporation
- Resistoflex
- HUTCHINSON
- Fabreeka
- Sentek Dynamics Inc.
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Vibration Control System Market Segmentation
Grand View Research has segmented the global vibration control system market based on systems type, application, and region:
- Vibration Control Systems Type Outlook (Revenue, USD Million, 2017 – 2030)
- Vibration Control Systems Application Outlook (Revenue, USD Million, 2017 – 2030)
- Vibration Control Systems Regional Outlook (Revenue, USD Million, 2017 – 2030)
- List of Key Players in the Vibration Control Systems Market
Research Methodology
We employ a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. We utilize a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously.
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S. based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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