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DEFENCE, MARINE & AEROSPACE

Aircraft Mounts Market Segmentation By Aircraft Type (Commercial, General Aviation, and Military); By Mount Type (Interior Mounts, and Exterior Mounts); By Material (Nickel-Based Alloys, Aluminum Alloys, Steel Alloys, Rubber, Polyamide, and Others); By Application (Vibration/Shock Isolation, Suspension, and Engine Mount); and By End-User {Original Equipment Manufacturer (OEM), and Replacement} – Global Demand Analysis & Opportunity Outlook 2028

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Extensive insights into the Growth of Aircraft Mounts Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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IN THE NEWS

•        October 11, 2018: LORD Corporation selected by Pratt & Whitney Canada for the engine attachment system of Dassault Falcon 6X.

Introduction to Aircraft Mounts

The aircraft mounts are made from numerous tubular steel chrome-molybdenum and are welded together to form the mounting structure. They are used to connect the engine to the airframe and help in distributing the weight of the engine. Mounts in aircraft can be used for multiple purposes depending on the type and are generally light in weight.

The engine mounts help to minimize the noise of aircraft components, and also helps in maintaining high strength even at 500 °C. They are primarily used in general aviation aircraft, commercial aircraft, and in the military aircraft such as fighter jets, and military helicopters.

Market Size and Forecast

The global aircraft mounts market is anticipated to record a robust CAGR throughout the forecast period, i.e. 2021-2028. The growth can be attributed to the increasing adoption of mounts in the aviation sector driven by the growing demand for airplane safety and better flight experience among passengers with advancement in technology.

The aircraft mounts market is segmented by aircraft type, mount type, material, application, and by end-user. The aircraft type segment is further divided into commercial, general aviation, and military. The commercial segment is projected to hold the largest revenue share in the global aircraft mounts market over the forecast period on the back of rising air passenger traffic globally. As per International Air Transport Association (IATA), by 2036, the global air traffic is likely to double. Therefore, there has been a corresponding increase in demand for new commercial aircraft in order to cater to the increasing passenger traffic.

Based on the mount type, the exterior mounts segment is expected to hold the largest market share during the forecast period on account of increasing demand for technologically advanced in-flight entertainment displays and passenger comfort. Exterior mounts are used to mount the external components of aircraft and include sandwich mounts, multi-plane mounts, platform mounts, pedestal mounts, and shock mounts.

Aircraft Mounts Market Share Graph

Based on the material, the aluminum alloys segment is expected to witness a robust growth during the forecast period. This can be attributed to the superior mechanical properties of aluminum alloys that makes it lightweight and durable with high damage tolerance. Thus, aluminum alloys are frequently used in the manufacturing of modern aircraft.

Based on the application, the segment for engine mounts is estimated to hold the largest market share throughout the forecast period on the back of the growing adoption of engine mounts to protect the engineering equipment within the aircraft and enhance operational efficiency. The engine mounts reduce the movement of the engine from abnormal shocks and loads. CLICK TO DOWNLOAD SAMPLE REPORT

Based on the end-user, the replacement segment is anticipated to lead the market share on account of the growing trend for timely inspection and maintenance of aircraft mounts to ensure an effective functioning of aircraft and avoid chances of engineering equipment getting damaged. This, in fact, is contributing to an increased demand for replacement of aircraft mounts.

Growth Drivers

Increasing Air Passenger Traffic And Stringent Aviation Rules To Drive The Growth Of The Global Aircraft Mounts Market

The growth of the global aircraft mounts market is primarily triggered by the growing adoption of mounts in the aviation industry combined with the increasing air passenger traffic driven by tourism and other travel purposes.  With the rise in air passenger traffic globally, there has been an increase in the demand for enhanced flight experience along with the demand for safety and comfort in the airplane. Thus, the increasing need to reduce vibrations, shocks, and noise problems created by the aircraft components is anticipated to boost the growth of the global aircraft mounts throughout the forecast period.

Additionally, the growing production of commercial aircraft, and the need for timely repair and maintenance of the same coupled with the strict aviation regulations regarding passenger safety are few other factors anticipated to fuel the market growth in the coming years.

Rise In Defense Expenditure To Further Fuel The Market Growth

The military spending across the globe has increased significantly in recent years owing to advanced strategic missions in military sector especially, in the developed countries such as the United States, Germany, Russia, and others. The rising defense expenditure along with the demand for technologically advanced and modern aircraft such as fighter jets, transport aircraft, and helicopters are some of the factors expected to further fuel the growth of the global aircraft mounts market over the forecast period.

Restraints

High Cost of products by OEMs And Faulty Designs to Hamper the Market Growth

Despite the growing demand for the aircraft mounts in defense and aviation sector, there are certain limitations which are anticipated to hinder the growth of the global aircraft mounts market during the forecast period. The increasing price of products by Original Equipment Manufacturers (OEMs) coupled with factors such as shortage of supply of parts and the high price of raw material are some of the other reasons expected to restrain the growth of the aircraft mounts market during the forecast period.

Market Segmentation

Our in-depth analysis of the global aircraft mounts market includes the following segments:

By Aircraft Type

  • Commercial
  • General Aviation
  • Military

By Mount Type

  • Interior Mounts
  • Exterior Mounts

By Material

  • Nickel-Based Alloys
  • Aluminium Alloys
  • Steel Alloys
  • Rubber
  • Polyamide
  • Others

By Application

  • Vibration/Shock Isolation
  • Suspension
  • Engine Mount

By End-User

  • Original Equipment Manufacturer (OEM)
  • Replacement

By Region

Based on the region, the global aircraft mounts market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region.

The North America region is expected to dominate the global aircraft mounts market over the forecast period owing to the presence of a well-established aviation industry coupled with cheap air travel and a strong presence of airline service providers in the region, backed by the increasing passenger traffic. The Atlanta GA Airport in the US saw the highest total passenger traffic in the year 2019 with total number of passengers reaching 110,531,300. The United States is considered to be one of the largest operators, manufacturers, and exporters of aircraft mounts worldwide. Additionally, the growing amount of commercial air traffic in the region is expected to further drive the growth of the global aircraft mounts market in the coming years.

The Asia Pacific region is projected to witness an upward trend in the global aircraft mounts market on account of an increasing number of commercial flights for domestic and overseas travel. Moreover, the growing tourism in South East Asia is expected to attract foreigners, and this is anticipated to increase the demand for commercial planes and have a positive impact on the growth of the aircraft mounts market.

On the other hand, the Europe, MEA, and Latin America region is anticipated to witness significant growth during the forecast period in the global aircraft mounts market. The growth can be attributed to the increase in defense expenditures in these regions and the growing adoption of fighter jets and helicopters by the military forces for strategic missions.

Aircraft Mounts Image

The global aircraft mounts market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

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