USD 0.70 Billion
Aircraft Mounts Market Size, Share, Growth Analysis, By Type(Engine Mounts, Landing Gear Mounts, and APU Mounts), By Application(Commercial Aircraft, Military Aircraft, and General Aviation), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG20A2071 |
Region:
Global |
Published Date: March, 2024
Pages:
202
|Tables:
63
|Figures:
75
Aircraft Mounts Market Insights
Aircraft Mounts Market size was valued at USD 0.70 Billion in 2022 and is poised to grow from USD 0.75 Billion in 2023 to USD 1.28 Billion by 2031, at a CAGR of 6.90% during the forecast period (2024-2031).
The global aircraft mounts market is driven by the increasing demand for safety and comfort in airplanes. The growing production and repair of commercial aircraft will further contribute to market expansion. Additionally, the rising number of military-grade aircraft, such as choppers, helicopters, jets, and specialty fighter aircraft, aimed at enhancing air forces, will create opportunities for increased demand for mounts. The installation of advanced machinery in specialty aircraft will have a positive impact on market growth. The well-established aviation industry in the United States, coupled with the growing number of domestic and international passengers, will drive the demand for commercial flights and support market growth. The global increase in military services, driven by the need to strengthen defense systems, will fuel the demand for specialty fighter jets, choppers, and military-grade air carriers. Moreover, the innovation in specialty war equipment installed in war aircraft requires customized mounts, which will further positively influence the market. The aviation sector has experienced a surge in international travelers due to the booming tourism industry. Passengers' preference for comfort and safety during flights has compelled airlines to provide enhanced services, thereby supporting market growth. Although the aerospace manufacturing industry temporarily halted production, it is expected to resume operations in the second quarter of the year, resulting in a regained momentum for the market in the near future.
US Aircraft Mounts Market is poised to grow at sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Commercial Aircraft
Fastest Growth
Military Aircraft
Growth Rate
6.90% CAGR
Global Aircraft Mounts Market ($ Bn)
Country Share for North America Region (%)
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Aircraft Mounts Market Segmental Analysis
Global Aircraft Mounts Market is segmented by type, application, and region. Based on type, the market can be segmented into engine mounts, landing gear mounts, and APU mounts. Based on application, the market is segmented into commercial aircraft, military aircraft, and general aviation. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Aircraft Mounts Market Analysis by Type
By type, the market can be segmented into engine mounts, landing gear mounts, and APU mounts. Engine mounts play a critical role in supporting and dampening vibrations generated by aircraft engine. These mounts are essential for maintaining the structural integrity of the aircraft and ensuring a smooth and comfortable flight experience. Engine mounts dominate the aircraft mounts market due to their high demand across commercial, military, and general aviation sectors. The increasing number of aircraft deliveries and the growing global fleet size contribute to the dominance of engine mounts in the market. Additionally, the rising demand for fuel-efficient engines and the introduction of advanced engine technologies drive the need for innovative engine mount solutions. As a result, leading manufacturers in the aerospace industry continue to invest in research and development to enhance engine mount designs, focusing on weight reduction, improved durability, and enhanced vibration isolation.
Landing gear mounts are vital components that connect the landing gear system to the aircraft structure, providing support, stability, and shock absorption during take-off, landing, and taxiing. Landing gear mounts a is a rapidly growing segment of the market share due to their critical role in ensuring safe landings and take-offs. The demand for landing gear mounts is driven by factors such as increasing air travel, fleet expansion, and the need for reliable and durable landing gear systems. Furthermore, the rising focus on improving fuel efficiency and reducing maintenance costs has led to the development of lightweight and technologically advanced landing gear mounts. This segment is expected to witness steady growth as aircraft manufacturers and landing gear system suppliers continue to invest in research and development to enhance performance, reduce weight, and improve the overall efficiency of landing gear mounts.
Aircraft Mounts Market Analysis by Application
By application, the market can be segmented into commercial aircraft, military aircraft, and general aviation. Commercial aircraft dominated the aircraft mounts market. This segment includes narrow-body, wide-body, and regional jets used for passenger transportation. Commercial aircraft mounts are in high demand due to the continuous growth of the global aviation industry, driven by factors such as increasing air travel, rising disposable incomes, and expanding tourism. The dominating factor in this segment is the sheer number of commercial aircraft in operation and on order worldwide. With major airlines continually expanding their fleets and emerging markets experiencing a surge in air travel demand, the demand for aircraft mounts for commercial aircraft remains strong. As a result, manufacturers of aircraft mounts are focusing on developing lightweight yet durable solutions that can withstand the demanding operational conditions of commercial aviation.
Military aircraft is the fastest-growing segment in the aircraft mounts market. This segment includes fighter jets, transport aircraft, helicopters, and unmanned aerial vehicles (UAVs) used for various defense applications. The dominance of military aircraft mounts stems from the continuous modernization and procurement efforts by defense forces globally. Military aircraft mounts are designed to withstand extreme operating conditions, including high-speed maneuvers, heavy loads, and harsh environments. The demand for military aircraft mounts is driven by the need for improved performance, mission capability, and safety of military platforms. Additionally, ongoing geopolitical tensions and the focus on maintaining defense readiness contribute to the consistent demand for military aircraft mounts.
Global Aircraft Mounts Market By Application
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Aircraft Mounts Market Regional Insights
North America dominated the global aircraft mounts market. The region's well-established aviation industry and high demand for commercial flights contribute to its market dominance. The United States, in particular, leads the region in terms of mount installations for commercial aircraft. The country's robust aerospace manufacturing sector, coupled with the rising number of domestic and international passengers, drives the demand for aircraft mounts in North America. The presence of key market players and advanced technological capabilities also contribute to the region's dominance.
On the other hand, the Asia-Pacific (APAC) region is experiencing rapid growth in the aircraft mounts market. APAC is characterized by the presence of emerging economies such as China and India, which are witnessing significant growth in their aviation sectors. The increasing production of commercial aircraft in these countries, along with the expanding tourism industry and growing disposable income of the population, fuels the demand for aircraft mounts. Moreover, the rise in military spending and the modernization of defense forces in countries like China, India, and Japan contribute to the demand for specialty fighter aircraft and, subsequently, mounts for such aircraft.
Global Aircraft Mounts Market By Region
- Largest
- Fastest
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Aircraft Mounts Market Dynamics
Aircraft Mounts Market Drivers
Increasing demand for safety and comfort in airplanes
- One key driver propelling the growth of the global aircraft mounts market is the increasing demand for safety and comfort in airplanes. With the rising number of passengers traveling domestically and internationally, airlines are compelled to provide enhanced services to meet passengers' preferences for a comfortable and secure flying experience. This demand for improved safety and comfort drives the need for high-quality aircraft mounts to ensure the stability and reliability of onboard equipment, positively impacting the growth of the market.
Aircraft Mounts Market Restraints
Temporary halt in the aerospace manufacturing industry's production
- A significant restraint faced by the global aircraft mounts market is the temporary halt in the aerospace manufacturing industry's production. The industry has faced disruptions due to various factors such as supply chain challenges, labor shortages, and financial uncertainties. This pause in production has impacted the availability and delivery of aircraft mounts, leading to delays in installations and potential disruptions in the market. However, it is expected that the industry will resume operations in the near future, mitigating this restraint and allowing the market to regain momentum.
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Aircraft Mounts Market Competitive Landscape
The global aircraft mounts market is characterized by intense competition among various market players. Companies in the market strive to differentiate themselves by focusing on product innovation, technological advancements, and efficient manufacturing processes. They also emphasize strategic collaborations, partnerships, and acquisitions to expand their market presence and gain a competitive edge. Additionally, players in the market continuously invest in research and development activities to develop innovative and high-quality aircraft mounts that cater to the evolving needs of the aviation industry.
Aircraft Mounts Market Top Player’s Company Profiles
- Lord Corporation (US)
- Hutchinson SA (France)
- Trelleborg AB (Sweden)
- Tri-Mack Plastics Manufacturing Corporation (US)
- ITT Inc. (US)
- Precision Castparts Corp. (US)
- Unison Industries, LLC (US)
- LORD Corporation (US)
- Senior plc (UK)
- Kaman Corporation (US)
- GKN Aerospace (UK)
- PFW Aerospace GmbH (Germany)
- ITT Corporation (US)
- Aircraft Components Company (US)
- Sonex Aircraft, LLC (US)
- Koss Aerospace (Canada)
- Hutchinson Aerospace (France)
- TransDigm Group Incorporated (US)
- Latécoère SA (France)
Aircraft Mounts Market Recent Developments
-
In November 2023, Canadian avionics manufacturer Anodyne Electronics Manufacturing Corp. (AEM) announced fellow Western Canada-based company, Yellowhead Helicopters Ltd., as the official launch customer for its brand new MTP136D panel-mount Forest Service radio.
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In November 2023, Signia Aerospace, a portfolio company of Arcline Investment Management (Arcline), announced the acquisition of Meeker Aviation and Airfilm Camera Systems (Meeker Aviation). Based in California, Meeker is an international supplier of aircraft external payload mounts for electro-optical and infrared (EO/IR) sensors, light detection and ranging (LiDAR) laser scanners, searchlights, camera systems, and speaker systems.
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In July 2023, MyGoFlight purchased Flight Flix, a Minnesota-based manufacturer of external camera mounts designed for aircraft, adding the company's lineup to MyGoFlight's aviation accessories such as cockpit tablet mounts and kneeboards, flight bags, and luggage.
- In November 2023, Canadian avionics manufacturer Anodyne Electronics Manufacturing Corp. (AEM) announced fellow Western Canada-based company, Yellowhead Helicopters Ltd., as the official launch customer for its brand new MTP136D panel-mount Forest Service radio.
- In November 2023, Signia Aerospace, a portfolio company of Arcline Investment Management (Arcline), announced the acquisition of Meeker Aviation and Airfilm Camera Systems (Meeker Aviation). Based in California, Meeker is an international supplier of aircraft external payload mounts for electro-optical and infrared (EO/IR) sensors, light detection and ranging (LiDAR) laser scanners, searchlights, camera systems, and speaker systems.
- In July 2023, MyGoFlight purchased Flight Flix, a Minnesota-based manufacturer of external camera mounts designed for aircraft, adding the company's lineup to MyGoFlight's aviation accessories such as cockpit tablet mounts and kneeboards, flight bags, and luggage.
- In June 2023, Spirit AeroSystems announced a partnership with Joby Aviation, an eVTOL aircraft manufacturer, to develop and supply composite structures, including mounts, for Joby's electric air taxi aircraft.
- In April 2023, Safran and Dassault Aviation entered a strategic partnership to jointly develop and produce innovative propulsion systems, including mounts and related components, for future combat aircraft.
Aircraft Mounts Key Market Trends
- One key market trend in the global aircraft mounts market is the growing demand for lightweight and durable materials in mount manufacturing. With the increasing emphasis on fuel efficiency and reduced emissions in the aviation industry, there is a shift towards utilizing lightweight materials such as composites and alloys for aircraft mounts. These materials offer improved strength-to-weight ratios, enhancing the overall performance and efficiency of aircraft. The adoption of lightweight materials in mount production not only contributes to fuel savings but also reduces the environmental impact, aligning with sustainability objectives in the aviation sector.
Aircraft Mounts Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global aircraft mounts market analysis, the market is witnessing significant growth driven by the increasing demand for safety and comfort in airplanes. The rise in commercial aircraft production and repair, along with the installation of high-grade machinery in specialty aircraft, fuels market expansion. North America dominated the market, with the United States leading in commercial mount installations. The Asia-Pacific region is experiencing rapid growth due to emerging economies, expanding tourism, and modernization of defense forces. However, the temporary halt in aerospace manufacturing production poses a restraint. The market trend showcases a shift towards lightweight and durable materials in mount manufacturing to enhance fuel efficiency and sustainability in the aviation industry.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 0.70 Billion |
| Market size value in 2031 | USD 1.28 Billion |
| Growth Rate | 6.90% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Aircraft Mounts Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Aircraft Mounts Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Aircraft Mounts Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Aircraft Mounts Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Aircraft Mounts Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Aircraft Mounts Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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