Global Aircraft Mounts Market Forecast: $580 Million in 2020 to $1.15 Billion by 2030

According to a recent report published by Allied Market Research, titled, "Aircraft Mounts Market Size, Share, Competitive Landscape and Trend Analysis Report, by Mount Type, Application, Material, Aircraft Type and End Use: Global Opportunity Analysis and Industry Forecast, 2021-2030." the global Aircraft Mounts market was valued at $580.0 million in 2020, and is projected to reach $1,153.5 million by 2030, registering a CAGR of 7.3% from 2021 to 2030. The report offers a detailed analysis of the top winning strategies, evolving market trends, market size and estimations, value chain, key investment pockets, drivers & opportunities, competitive landscape and regional landscape. The report is a useful source of information for new entrants, shareholders, frontrunners and shareholders in introducing necessary strategies for the future and taking essential steps to significantly strengthen and heighten their position in the market.

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North America leads the market, in terms of revenue, followed by Asia-Pacific, Europe, and LAMEA. North America is one of the prominent markets owing to the improvement in aircraft fleet by government and military agencies in the region. Large number of companies operating in aircraft mounts market are headquartered in this region. In North America, the U.S. is one of the largest manufacturers, operators and exporters of aircraft carriers in the world. Manufacturers are focused on developing technology to capture the changing end-user needs such as safety and comfort.

Based on mount type, the market is segregated into engine mounts, shock mounts, pedestal mounts, cup mounts, and others. In 2020, the engine mounts dominated the market owing greater need for safety, and passenger comfort. Engine mounts are used to connect and fasten the engine and power plant accessories to the airframe and pylons. Engine mounts form an integral part of the aircraft hardware capable of holding the engine and related accessories in place.

The demand for aluminum alloys for manufacturing of aircraft mounts has increased over the years. Aluminum alloys have a high weight to strength to cost ratio as compared to other materials, which fuels the demand for the aluminum alloy aircraft mounts. The high corrosion resistance & high strength offered by aluminum alloys provide a long lifespan of mounts and ensure the safety of the aircraft.

The global aircraft mounts market is segmented into mount type, application, material, aircraft type, end use, and region. Depending on mount type, the aircraft mounts market is categorized into engine mounts, shock mounts, pedestal mounts, cup mounts, and others. By application, it is fragmented into airframe, engine, avionics, and others. On the basis of material, it is classified into rubber, steel alloys, aluminum alloys, and others. The aircraft type segment has been divided into commercial aircraft, military aircraft, and general aviation aircraft. As per end use, the aircraft mounts market is classified into original equipment manufacturer, and replacement. Region wise, the report is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Based on mount type, the engine mounts segment held the highest share in 2020, accounting for nearly one-third of the total share, and is projected to maintain its lead position during the forecast period. However, the pedestal mounts segment is expected to witness the highest CAGR of 9.4% from 2021 to 2030.

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Based on application, the airframe segment accounted for the highest share in 2020, contributing to more than one-third of the total share of the global aircraft mounts market, and is expected to maintain its lead position during the forecast period. However, the avionics segment is projected to manifest the highest CAGR of 9.2% from 2021 to 2030.

Based on region, North America contributed to the highest share in 2020, holding around two-fifths of the total market share, and is expected to maintain its leadership status by 2030. However, Asia-Pacific is projected to portray the fastest CAGR of 9.0% during the forecast period.

Leading players of the global aircraft mounts market analyzed in the research include Trelleborg AB, Cadence Aerospace, GMT Rubber-Metal-Technic Ltd., Shock Tech, Inc., ESCO Technologies Inc., Parker-Hannifin Corporation, AirLoc Ltd., VMC GROUP, RAM Mounts (National Products Inc.), and Meeker Aviation.

Analyst Review:

Growth of the aircraft mounts market is driven by numerous developments carried out by top aircraft mounts manufacturers. In addition, companies operating in the industry have received contracts for customized mounts from the military sector, which strengthened the growth of the market across the globe.

There has been increasing focus on reducing costs associated with aircraft mounts through use of advanced materials with high strength, corrosion resistance, and lower costs. The leading players in the market are developing customized solutions and applications to cater to the customers' growing needs, in addition to exploring novel technologies and materials. There has been increasing focus on reducing vibrations and noise associated with aircraft mounts to offer stability and better performance.

Key Findings Of The Study

By mount type, the pedestal mounts segment is anticipated to exhibit significant growth in the near future.
By application, the avionics segment is expected to register a significant growth during the forecast period.
By material, the others segment is anticipated to exhibit significant growth in the near future.
By aircraft type, the general aviation segment is anticipated to exhibit significant growth in the near future.
By end-use, the replacement segment is anticipated to exhibit significant growth in the near future.
By region, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.

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