Aircraft Mounts Market Research, Key Players, Analysis And Forecast 2027: Grand View Research Inc.

 

The global aircraft mounts market size is expected to reach USD 1.1 billion by 2027, registering a CAGR of 7.8% according to a new report by Grand View Research Inc. Increasing production of commercial aircraft for major airlines across the globe are anticipated to ascend the demand for aircraft mounts. Moreover, production of pending orders from prominent manufacturers is likely to support the market growth.

Rising concerns regarding passenger safety and enhanced comfort are likely to increase the scope of mount installation. Specialty mounts for latest gadgets, laptops, mobiles phones, and books are likely to gain traction in commercial aircraft segment, thus, positively influencing the market.

Safety concerns for engine components, suspensions, vibration/shock Isolation and its stable installation to absorb shock and excess vibration while landing and take-off are anticipated to ascend the demand for mounts. Moreover, installation of enhanced quality mounts in military grade aircrafts is expected to provide growth prospect to the market in the estimated time.

Key industry participants including Lord Corporation, AirLoc Ltd., Hutchinson Aerospace GmbH, Trelleborg AB, GMT Rubber, Cadence Aerospace LLC among others are engaged in the production of mounts for commercial, military and general aviation aircrafts. Moreover, the players are focusing on production of specialty mounts to incorporate large size engine components in commercial and military aircrafts.

The rise in the number of military-grade aircraft including choppers, helicopters, jets, and specialty fighter aircraft to enhance the air forces is expected to create scope for the increasing demand for mounts. Installation of high-grade machinery in specialty aircraft is likely to positively influence the growth of the market. In the U.S., the commercial aircraft segment emerged as the leading type for mount installation. The well-established aviation industry in the country coupled with the rise in the number of passengers traveling domestic and international are likely to increase the demand for commercial flights, thus supporting the market growth.

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Growing military services across the globe in light of strengthening the defense system are expected to fuel the demand for specialty fighter jets, choppers, and military-grade air careers. Furthermore, innovation in specialty war equipment installed in war aircraft needs customized mounts, thus they are expected to influence the market positively. The ongoing COVID-19 pandemic has severely impacted the world economy and has affected the tourism and aviation industry. The aerospace manufacturing industry has halted the production of most of its orders and is expected to resume the operations by the 2nd quarter of the year. Thus, the market is anticipated to regain momentum in the upcoming period.

Aircraft Mounts Market Report Highlights

• Commercial aircraft type is expected to expand at the fastest CAGR of 8.8% over the forecast period owing to increasing production of commercial planes for major airlines across the globe
• In 2020, engine mounting application dominated the market with a share of over 52.5% and is anticipated to expand at a CAGR of 7.9% over the forecast period on account of engine safety concerns
• In Europe, the revenue for external mounts stood at USD 144.5 million in 2020 and is likely to witness steady growth over the projected period on account of growing acceptance of modern mounts for electric gadgets
• North America held the largest market share in 2020 owing to the well-established aerospace industry and the presence of a large number of manufacturers
• Aftermarket installation of aircraft mounts is anticipated to ascend at a CAGR of 8.9% over the forecast period on account of increasing repair and periodic maintenance of commercial aircrafts

Market competition among the players is based on product quality, durability, price, and resistance to shock. Moreover, players are focusing on the introduction of the mounting components with high load-bearing capacity and enhanced durability. Players are focusing on the installation and design structure of the mounts. Moreover, these players are investing heavily in R&D activities for raw materials. Composites and alloys are gaining traction for mount production to reduce the overall weight in the aircraft. Moreover, mergers & acquisition and third party manufacturing is considered for market competition. Some of the prominent players in the aircraft mounts market include:

• Lord Corporation
• AirLoc Ltd.
• Hutchinson Aerospace GmbH
• Trelleborg AB
• GMT Rubber
• Cadence Aerospace LLC