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The Aircraft Mounts market is characterized by dynamic trends driven by the ever-evolving needs of the aerospace industry, technological advancements, and the pursuit of lightweight yet durable solutions for mounting various components on aircraft. Aircraft mounts play a crucial role in supporting and securing equipment such as avionics, sensors, cameras, and other mission-critical systems. The market dynamics are shaped by factors including the increasing demand for modernized aircraft, advancements in materials and manufacturing techniques, and the imperative for precision engineering to ensure safety and reliability in aviation.
One of the primary drivers of the Aircraft Mounts market is the continuous modernization of aircraft across military, commercial, and general aviation sectors. As aircraft systems become more sophisticated, there is a growing need for mounts that can accommodate advanced avionics, communication systems, and sensors. The market responds to this demand by developing mounts that offer enhanced stability, shock absorption, and adaptability to support a diverse range of equipment, contributing to the overall efficiency and capability of modern aircraft.
Technological advancements in materials and manufacturing processes significantly influence the market dynamics of Aircraft Mounts. Lightweight materials, such as advanced alloys and composites, are increasingly employed to design mounts that offer high strength-to-weight ratios without compromising structural integrity. Precision machining and innovative manufacturing techniques enable the production of mounts with tight tolerances, ensuring optimal performance and reliability. The industry's focus on lightweight solutions aligns with the broader aerospace trends aimed at fuel efficiency and overall weight reduction.
Market dynamics are also influenced by the stringent safety and regulatory standards governing the aerospace industry. Aircraft mounts must adhere to strict guidelines to ensure structural integrity, reliability, and compliance with aviation authorities' safety regulations. The market responds by investing in research and development to create mounts that meet or exceed these standards, providing aircraft manufacturers and operators with solutions that enhance safety while meeting the evolving regulatory landscape.
The market for Aircraft Mounts is further shaped by the diverse needs of various aircraft types. Military aircraft, in particular, demand mounts that can withstand high levels of vibration, shock, and extreme operating conditions. Commercial aircraft require mounts that provide stability for avionics and in-flight entertainment systems without compromising passenger comfort. General aviation relies on versatile mounts suitable for a range of equipment. The market caters to these specific requirements, offering a variety of mount designs tailored to different aircraft applications.
Competition in the Aircraft Mounts market is characterized by established aerospace companies and specialized manufacturers. Established players leverage their experience, engineering capabilities, and global reach to provide comprehensive mount solutions for various aircraft platforms. Specialized manufacturers may focus on niche applications, developing mounts for specific types of aircraft or specialized mission requirements. This diverse competitive landscape encourages innovation and the continuous development of mounts that address the unique challenges posed by different aerospace segments.
Aircraft Mounts Market Highlights:
Aircraft Mounts Market Overview :
Aircraft Mounts Market Size Anticipated to reach at a USD 928.7 Million by 2032 with CAGR of 6.8% by 2024 by 2032. The mounts are used to stop the movement of any component and keep it in place. Several mounts are used in aircraft to fit various components to the aircraft structure. Mounts are also used to reduce vibrations or shocks.
Market Synopsis
The global aircraft mounts market has witnessed high growth in recent years owing to the increasing defense expenditures, the growing passenger traffic and a significant increase in demand for new aircraft. Moreover, stringent aviation regulations related to safety are driving the growth of the market.
Market USP
Stringent safety regulations would increase the demand for advanced aircraft mounts
Market Drivers
- Increasing Defense Expenditures: Globally, military spending has increased significantly in recent years. According to the Stockholm International Peace Research Institute (SIPRI), global military expenditure rose by 2.6% to approximately USD 1.82 trillion from 2017 to 2018. The increase in defense expenditure is expected to boost the demand for technologically advanced aircraft such as fighter jets, transport aircraft, and helicopters. This is expected to drive the growth of the aircraft mounts market.
- Increasing Passenger Traffic and Significant Increase in Demand for New Aircraft
- Stringent Aviation Regulations Related to Safety
Market Opportunities
- Aircraft Mounts Development with 3d Printing Technology
Segmentation
By Type
- Interior Mounts: The segment accounted for the largest market share in 2019. Interior mounts segment includes galley mounts, panel mounts, floor mounts, headliner mounts, and bulkhead mounts. These types of mounts are largely used in passenger, cargo, and business aircraft. Therefore, with the increase in air passenger traffic globally, the demand for these aircraft is increasing, which is expected to drive the growth of this segment.
- Exterior Mounts: The segment is expected to register the highest CAGR during the forecast period. The exterior mounts segment includes multiplane mounts, pedestal mounts, platform mounts, sandwich mounts, and shock mounts. These types of mounts are primarily used to mount external components of the aircraft electronic flight bag, in-flight entertainment displays, and antennas, among others. Therefore, the increasing demand for technologically advanced in-flight entertainment displays is expected to drive the growth of this segment.
By Platform
- Civil Aviation: The segment accounted for the largest share in 2019 and is expected to witness higher growth during the forecast period from 2020 to 2026. There has been a rise in air passenger traffic globally. According to the International Air Transport Association (IATA), global air travel is likely to double by 2036. Thus, to cater to the increasing passenger traffic, there has been a corresponding increase in the demand for new aircraft. Mounts are the vital component of aircraft thus, with the increasing demand for new commercial aircraft, it is expected to drive the market growth.
- Military Aviation: The segment expected to exhibit a steady CAGR during the forecast period. This is due to the modernization of existing military aircraft with advanced systems. Moreover, the increasing demand for fighter jets globally is also expected to drive the growth of this segment.
By Region
- North America: North America dominates the aircraft mounts market. This trend is projected to continue during the forecast period due to the presence of prominent players, such as Angerole Mounts, LLC, Cadence Aerospace LLC, Ram Mounts, and Shock Tech, Inc., and high investments by them in the development of aircraft mounts.
- Europe: The increasing adoption of fighter jets and helicopters by the military forces for tactical missions is expected to drive the growth of the European market in the review period.
- Asia-Pacific: The aircraft mounts market in this region is projected to expand at a high CAGR during the forecast period. The growing demand for new aircraft and increasing defense expenditure in countries, such as India and China, are driving the growth of the regional market.
- Middle East & Africa: The increase in defense expenditures by countries such as Saudi Arabia, UAE, and Israel is driving the market growth in the region. Moreover, the presence of major airlines such as Etihad Airways and Saudi Arabian Airlines is driving the market growth in the Middle East & Africa region.
- Latin America: In Latin America, there has been an increase in the use of helicopters for intelligence gathering on drug trafficking and rebel groups, deforestation monitoring, and control of illegal migration, which is expected to drive the market growth.
Key Players Operating in the Market
- Airloc Ltd (Switzerland)
- Angerole Mounts, LLC (US)
- Cadence Aerospace LLC (US)
- GMT Rubber-Metal-Technic Ltd (UK)
- Lord Corporation (US)
- Mayday Manufacturing (US)
- Ram Mounts (US)
- Shock Tech, Inc. (US)
- The VMC Group (US)
- Trelleborg Group (Sweden)
Key Players
- Arkon Resources, Inc. (US)
- Avionics Support Group, Inc. (US)
- Butser Rubber Ltd (UK)
- Guardian Avionics (US)
- Hutchinson Aerospace GmbH (Germany)
- Meeker Aviation (US)
- Singapore Aerospace Manufacturing Pte Ltd (Singapore)
- Vibrasystems Inc. (US)
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