Aircraft Mounts Market Size & Share | Industry Report, 2020-2027
Aircraft Mounts Market
The Aircraft Mount Market is predicted to reach USD 944 million by the end of 2027, growing at a CAGR of 6.9% over the forecast period (2020-2027).
The factors driving the growth of Aircraft Mount Market includes rapid growth in the Aviation Industry, growing demand to reduce the vibration and noise created by aircraft components and rise in the air passenger traffic around the world. According to the report published by Statista, the market size of Global Airline Industry has increased from USD 359.3 billion in 2020 to reach around USD 471.8 billion in 2021, which is expected to boost the Aircraft Mounts Market share in the approaching years. Moreover, rise in the manufacturing capabilities of aircraft mounts, Government’s expenditure for procuring advanced fighter jets, choppers, and military-grade air carriers, technological innovations in the aircraft mounts and increase in the number of international flights, are some of the additional factors supplementing the Aircraft Mounts Market size. In addition, the increasing investments by leading players on research and development, rising emphasis on improving the safety features in the aircraft cabins, rapid urbanization and growing disposable incomes, are further contributing to the market growth.
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However, the growth of Aircraft Mount Market is hindered due to shortage in the supply of raw materials.
The major players operating in the market are Mayday Manufacturing, Shock Tech, Inc., AirLoc Ltd., Trelleborg AB, GMT Rubber-Metal-Technic Ltd., Cadence Aerospace, Angerole Mounts, LLC, RAM Mounts, The VMC groups and LORD Corporation among others.
Material: Segment Analysis
Based on Material, the Aluminium Alloys segment is estimated to capture the largest market share during the forecast period attributed to increasing use of aluminum alloys to manufacture modern aircrafts.
Aircraft Type: Segment Analysis
Based on Aircraft Type, the Commercial Aircraft segment is projected to expand at a remarkable CAGR over the forecast period. Rise in the number of commercial flights across the globe, fall in the prices of air tickets and increasing presence of domestic airline companies, are some of the factors responsible for the segment’s growth.
Regional: Segment Analysis
Based on Region, the North American region is expected to hold the highest market share during the forecast period. Rise in the air passenger traffic, increasing Government expenditure on the defense sector, rapid growth in the aviation industry, growing adoption of technologically advanced aircraft mounts by the major corporations and high per capita incomes, are some of the important factors augmenting the market growth in North America.
Market Segmentation
Global Aircraft Mount market by Application
Vibration/Shock Isolation
Suspension
Engine Mount
Global Aircraft Mount market by End-use
Original Equipment Manufacturer (OEM)
Replacement
Global Aircraft Mount market by Mount Type
Interior MountsGalley Mounts
Panel Mounts
Floor Mounts
Headliner Mounts
Bulkhead Mounts
Exterior MountsMultiplane MountsMachine Feet
Auxiliary Power Unit (APU) Mounts
CUP Mounts
Wire Rope Mounts
Rubber Bobbins
Pedestal MountsDevice Mounts
Miniature Mounts
Electronic Flight Bag (EFB) Mounts
Platform MountsElastomeric Mounts
High Deflection Mounts
Compactor Mounts
Sandwich Mounts
Shock MountsCone Mounts
Low Profile Mounts
Rubber Mounts
Global Aircraft Mount market by Aircraft Type
Commercial AircraftNarrow Body Aircraft
Wide Body Aircraft
Very Large Aircraft
Commercial Helicopters
Regional Transport Aircraft
General Aviation AircraftBusiness Jets
Ultralight Aircraft
Military AircraftFighter Jets
Transport Aircraft
Military Helicopters
Global Aircraft Mount market by Material
Nickel-Based Alloys
Aluminium Alloys
Steel Alloys
Rubber
Polyamide
Others
Global Aircraft Mount Market by Region
Asia PacificChina
Japan
India
Rest of APAC
North AmericaUnited States of America
Canada
EuropeUnited Kingdom
Germany
France
Spain
Rest of Europe
RoWBrazil
South Africa
Saudi Arabia
UAE
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