Global Aircraft Mounts Market by Aircraft Type (Military, Commercial, General Aviation), by Mount Type (Internal, External) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global aircraft mounting market was worth USD 606.0 million in 2019. It is projected to grow at a compound annual rate (CAGR of 7.8%) between 2020 and 2027. The forecast period will see an increase in demand for the aircraft mounts due to safety and comfort. Market growth will also be driven by the increased production and repair of commercial aircraft.

Mounts will be in demand as a result of the increase in military-grade aircraft, including helicopters, choppers, jets and fighter aircraft, which are all designed to strengthen the air force. The market will likely grow if high-grade machinery is installed in specialty aircraft.

The U.S. commercial aircraft segment has emerged as the most popular type of mount installation. Due to the well-established aviation industry and the increase in domestic and international passengers, the market will likely grow.

The demand for military-grade aircraft careers, specialty fighter jets and choppers will increase as a result of the growing military services around the world. Innovating in specialty war equipment for war aircraft requires customized mounts. They are expected to have a positive impact on the market.

The rise of the tourism industry has fueled an increase in international travel. This has led to an increase in aviation sector. The preference of passengers for comfort and safety on flights has driven airlines to offer enhanced services, which is supporting market growth.

The COVID-19 pandemic continues to severely impact the global economy as well as the aviation and tourism industries. The aerospace manufacturing industry has stopped production of many of its orders. It is expected to resume operations in the second quarter of this year. The market is expected to gain momentum in the coming period.

Application Insights

In 2019, the engine mounts segment of the market for aircraft mounts accounted for 52.4% of the total revenue. This is expected to rise at a CAGR 7.9% through 2027. The demand will be supported by an increase in production of military- and commercial-grade aircraft, in light of increased air traffic and defense activities in major economies.

These mounts will be in high demand due to their ability to perform scheduled maintenance, replacement of aircraft components and scheduled service. The engine mounts can lose their stability over time due to vibrations in the compartments. Therefore, it is important that they are replaced periodically.

The essential components of an aircraft's suspensions are designed to absorb shocks from moving parts. These suspensions are subject to a heavy load, which together with the shock-absorbing mechanism, can cause them to lose some durability after a certain period of use. This will lead to high demand for replacement of the aircraft.

For smooth operation of the movable parts, vibration and shock isolation components are added to aircraft suspensions. Market growth is expected to be supported by the rising demand for shockproof mechanisms and the introduction of advanced shock absorption components.

Aircraft Type Insights

The commercial aircraft segment was the most significant user of mounts in 2019, accounting for a revenue share exceeding 60%. It is expected to grow at an 8.8% CAGR over the forecast period. In the coming years, the segment will likely see a rise in international passengers and a greater need for safety and comfort.

Globally, major airlines are focused on providing comfortable flights with modern equipment and enhanced storage. Therefore, aerospace manufacturers are involved in improving mounts. Major manufacturers like Boeing and Airbus are covering up pending orders for commercial airplanes, which is likely to have a positive impact on the market.

The air force divisions have seen a rise in demand for special fighter planes, choppers and jets as a result of the strengthening of major economies' defense systems. Market growth is expected to be supported by the growing demand for customized and specialty mounts in military aircraft.

The mounts were consumed mainly by general aviation because of the installation of premium and specialty components. This segment includes chartered aircraft, private jets, premium aircraft and helicopters. In the near future, the market will see a rise in private jets.

Mount Type Insights

In 2019, external mounts had a 85.8% revenue share and will continue to dominate the market for the foreseeable future. External mounts can be used to enhance passenger cabins, storage spaces, and seating structures in general and commercial aviation.

External mounts include pedestal mounts as well as multiplane, shock and platform mounts. Sandwich mounts can also be included. Most external mounts installed in commercial segments are made possible by the provision of storage space and comfort for passengers.

Because the internal mounts are designed to protect the engine and other components, the segment will grow in the future. The internal mounts can also be used to reduce vibrations and shock during take-off or landing.

The industry's growth is likely to be supported by safety measures for critical components of airplanes. Because of their importance for planes' smooth operation, the internal mounts require frequent servicing and replacement. The segment will also increase with the rise in commercial flights.

End-use Insights

Replacement end use of aircraft mounts was the largest revenue share at 73.2% in 2019. It is expected to rise at a CAGR 8.9% during the forecast period. The market is expected to grow in repair and maintenance of commercial airplanes to ensure passenger safety over the forecast period.

The market will be upscaled by the regular maintenance of military-grade and commercial aircraft. The aircraft's engine mounts and suspension block need to be replaced every other year. This will impact the cost of replacing such mounts.

Original Equipment Manufacturers (OEMs) of mounting products are involved in manufacturing applications because the mounts can be pre-installed on the craft. The demand for these products will rise with the increase in production of all types of aircraft.

Major economies and airlines will likely place orders for fighter jets, military-grade choppers and large commercial planes. This will support the production of new aircraft and influence the original equipment manufacturer's product demand. In addition, private and premium aircraft orders will increase growth.

Regional Insights

North America was the dominant market with a 45.3% revenue share in 2019. Its well-established aviation industry, as well as cheap air travel and the presence of many airline service providers in the region, has fueled the market's growth. The region's defense sector, which is a major part of the U.S., has also boosted its demand.

In 2019, the United States was the region's largest consumer and will continue to be the dominant market for the forecast period. Market growth has been supported by the increase in foreign tourists and the established tourism sector. The market expansion has been hampered by the COVID-19 crisis in the country.

In 2019, the revenue share for Europe's external mounts was 86.5%. This market is expected to grow until 2027. Market growth will be facilitated by the presence of major aircraft manufacturers in the region as well as enhanced manufacturing capabilities in Germany, France, Spain and the U.K.

The Asia Pacific aerospace market is expected to see an increase in demand due to the increasing number of commercial flights to and from Asia. International visitors are expected to be attracted to the region's growing tourism industry, especially in South East Asia. This is likely to increase demand for commercial aircraft and positively impact the market's growth.

Market Share Insights & Key Companies

The market competition is determined by product quality, durability and price. Players are also focusing on mounting components that have a high load-bearing capability and increased durability. The installation and design structure are the main focus of players. These players also invest heavily in R&D for raw materials. Composites and alloys are becoming more popular for mounting production, which helps reduce the aircraft's overall weight. For market competition, mergers and acquisitions as well as third-party manufacturing are also considered. The market leader in aircraft mounts is:

• Lord Corporation

• AirLoc Ltd.

• Hutchinson Aerospace GmbH

• Trelleborg AB

• GMT Rubber

• Cadence Aerospace LLC

Up Market Research published a new report titled “Aircraft Mounts Market research report which is segmented by Aircraft Type (Military, Commercial, General Aviation), by Mount Type (Internal, External), By Players/Companies Hutchinson Aerospace GmbH, Trelleborg AB, AirLoc Ltd, Lord Corporation, GMT Rubber, Cadence Aerospace LLC”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Aircraft Mounts Market Report Segments:

The market is segmented by Aircraft Type (Military, Commercial, General Aviation), by Mount Type (Internal, External).

Aircraft Mounts Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Aircraft Mounts Market

Overview of the regional outlook of the Aircraft Mounts Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Aircraft Mounts Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Aircraft Mounts Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Military

                2. Commercial

                3. General Aviation

                1. Internal

                2. External

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Aircraft Mounts Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Aircraft Mounts Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.