Aircraft Mounts Market Share

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)