May 2022, Research Report on the Global Aircraft Mounts Market.
Aircraft Mounts Market is projected to reach USD 928.7 Million by 2030, expanding at a CAGR of 6.8% between 2022 and 2030.
The increasing demand for new aircraft is primarily driving the growth of the market. Furthermore, stringent aviation regulations related to safety are leading to the growth of the market.
Stringent safety regulations would increase the demand for advanced aircraft mounts market
Growth Opportunities in the Market
The interior mounts segment is expected to register a higher growth in the market: The interior mounts segment accounted for the largest market share and is expected to register a higher CAGR during the review period. Interior mounts are largely used for all aircraft. This includes galley mounts, panel mounts, floor mounts, headliner mounts, and bulkhead mounts.
The exterior mounts segment is expected to exhibit a steady CAGR during the forecast. The segment is further categorized into multiplane mounts, pedestal mounts, platform mounts, sandwich mounts, and shock mounts.
The OEM segment is expected to register the highest growth in the market: The OEM segment accounted for the largest market share in 2019 and is expected to register the highest CAGR during the review period. The increase in the development of advanced mounts requiring less maintenance and allowing easy installation is expected to drive the growth of this segment.
The civil aviation segment accounted for the largest market share in 2019: The civil aviation segment is also expected to register the highest CAGR during the forecast period from 2020 to 2026. There has been a considerable increase in air passenger traffic from the last few years, which has significantly increased the demand for new aircraft for civil aviation.