Aircraft Mounts Market Trend
Aircraft Mounts Market 2020 across the evaluation period till 2026. Through the analysis period, the aircraft mounts market expansion can be at 6.8% CAGR. By 2026, the aircraft mounts market value can touch about USD 928.7 Million. COVID 19 assessment for the aircraft mount market is offered with the report.
In recent years, rise in defense expenditures, increase in air passenger traffic, demand for new aircraft, and rise in stringency of safety evaluation in the aviation sector are observed. These factors can favor the aircraft mounts market in the review period. Stringent safety regulations and surge in requirement for advanced aircraft mounts can support market expansion. Development in aircraft mounts with 3D printing technology can create several growth scopes for the market.
Stringent safety regulations would increase the demand for advanced aircraft mounts
The aircraft mounts market’s segment analysis is based on platform and type.
The type-based segments of the aircraft mounts market are interior mounts and exterior mounts. The interior mounts segment comprises panel mounts, galley mounts, headliner mounts, floor mounts, and bulkhead mounts. They have significant application in cargo, passenger, and Aircraft Scales Market. The rise in air passenger traffic and surge in demand for these aircraft can drive the segment rise. The exterior mounts segment that is expected to rise at high CAGR, includes; pedestal mounts, multiplane mounts, sandwich mounts, shock mounts, and platform mounts. The increase in the adoption of exterior mounts for in-flight entertainment displays, aircraft electronic flight bag, and antennas, along with the availability of technically advanced in-flight entertainment displays can support the segment surge.
Airloc Ltd (Switzerland), Angerole Mounts, LLC (US), Cadence Aerospace LLC (US), GMT Rubber-Metal-Technic Ltd (UK), Lord Corporation (US), Mayday Manufacturing (US), Ram Mounts (US), Shock Tech, Inc. (US), The VMC Group (US), Trelleborg Group (Sweden), Arkon Resources, Inc. (US), Avionics Support Group, Inc. (US), Butser Rubber Ltd (UK), Guardian Avionics (US), Hutchinson Aerospace GmbH (Germany), Meeker Aviation (US), Singapore Aerospace Manufacturing Pte Ltd (Singapore), Vibrasystems Inc. (US)
The Platform-based segments of the aircraft mounts market are military aviation and civil aviation. The civil aviation segment can experience rapid expansion across the evaluation period as escalation of air traffic is observed across the globally. Thus, increase in the need to cater to growing need for accommodation and introduction of new civil aircraft can boost the segment growth. The military aviation segment can maintain steady CAGR in the review period as modernization of existing military aircraft by the integration of advanced systems and rise in requirement for fighter jets can favor the segment rise.
In North America, the aircraft mounts market can rise at high pace and the regional market is expected to dominate the world. The co-existence of reputed marketers, such as; Cadence Aerospace LLC, Angerole Mounts, LLC, Shock Tech, Inc., and Ram Mounts, those highly investment in innovations aircraft mounts can favor the regional market. In Europe, the expansion of the aircraft mounts market can be attributed to surge in demand for helicopters and fighter jets for boosting military forces for tactical mission’s encounter. In Asia Pacific, the expansion of the aircraft mounts market can be credited to the growing demand for latest aircraft and rise in defense expenditure across India and other regions of APAC. Middle East Africa aircraft mounts market can rise due to robust changes in the competitive landscape of the region related defense and aviation. In Latin America, the market of aircraft mounts can thrive as increase in the utility of helicopters for gathering intelligence on drug trafficking, control of illegal migration, rebel groups, and deforestation monitoring.
Growth Opportunities in the Market
The interior mounts segment is expected to register a higher growth in the market: The interior mounts segment accounted for the largest market share and is expected to register a higher CAGR during the review period. Interior mounts are largely used for all aircraft. This includes galley mounts, panel mounts, floor mounts, headliner mounts, and bulkhead mounts.
The exterior mounts segment is expected to exhibit a steady CAGR during the forecast. The segment is further categorized into multiplane mounts, pedestal mounts, platform mounts, sandwich mounts, and shock mounts.
The OEM segment is expected to register the highest growth in the market: The OEM segment accounted for the largest market share in 2019 and is expected to register the highest CAGR during the review period. The increase in the development of advanced mounts requiring less maintenance and allowing easy installation is expected to drive the growth of this segment.
The civil aviation segment accounted for the largest market share in 2019: The civil aviation segment is also expected to register the highest CAGR during the forecast period from 2020 to 2026. There has been a considerable increase in air passenger traffic from the last few years, which has significantly increased the demand for new aircraft for civil aviation.
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