Aircraft Mounts Market Research Report - Global Forecast till 2030

Aircraft Mounts Market Report: By Mount Type (Interior Mounts and Exterior Mounts), End-Use (Aftermarket and OEM), Platform (Commercial Aviation and Military Aviation) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and Latin America) - Forecast till 2030

ID: MRFR/A&D/8156-HCR | February 2023 | Region: Global | 148 Pages         

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Aircraft Mounts Market

Aircraft Mounts Market is projected to reach USD 928.7 Million by 2030, expanding at a CAGR of 6.8% between 2020 and 2030.

Segmentation
By Mount Type Interior Mounts Exterior Mounts
By End-Use Aftermarket OEM
By Platform Commercial Aviation Military Aviation
Key Players
Companies Profiled   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) and Trelleborg Group (Sweden)
Drivers
Market Driving Forces   Increasing Defense Expenditures    Increasing Passenger Traffic and Significant Increase in Demand for New Aircraft    Stringent Aviation Regulations Related to Safety
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Aircraft Mounts Market Scenario


Aircraft Mounts Market is projected to reach USD 928.7 Million by 2030, expanding at a CAGR of 6.8% by 2020 and 2030. 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)



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 928.7 Million (2030)
  CAGR   6.8% (2020-2030)
  Base Year   2020
  Forecast Period   2030
  Historical Data   2019
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Mount Type, End-Use, Platform
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   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) and Trelleborg Group (Sweden)
  Key Market Opportunities   Aircraft Mounts Development with 3d Printing Technology
  Key Market Drivers

  • Increasing Defense Expenditures.
  • Increasing Passenger Traffic and Significant Increase in Demand for New Aircraft.
  • Stringent Aviation Regulations Related to Safety


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    Frequently Asked Questions (FAQ) :

    Global aircraft mounts market is projected to grow at a CAGR of 6.8% by 2030.

    Global aircraft mounts market is estimated to value USD 928.7 million by 2030.

    Global aircraft mounts market can be segmented based on type, platform, and region.

    The increasing defense expenditures, strict aviation rules, and the increasing demand for new crafts are estimated to drive the global aircraft mounts market.

    Airloc Ltd (Switzerland), Lord Corporation (US), Angerole Mounts, LLC (US), GMT Rubber-Metal-Technic Ltd (UK), are some of the eminent players of the global aircraft mounts market.