Global Aircraft Mounts Market Size, Share, Growth Analysis, By Type(Engine Mounts, Landing Gear Mounts), By Application(Commercial Aircraft, Military Aircraft) - Industry Forecast 2023-2030

The Global Aircraft Mounts Market size was valued at USD 0.7 Billion in 2022 and is expected to grow from USD 0.75 Billion in 2023 to reach USD 1.28 Billion by 2031, at a CAGR of 6.90% during the forecast period (2024-2031).

The global aircraft mounts market is being propelled by the growing demand for safety and comfort in airplanes. An increase in the production and maintenance of commercial aircraft is set to further contribute to the expansion of the market. Additionally, the rising numbers of military-grade aircraft, including choppers, helicopters, jets, and specialized fighter aircraft, geared towards enhancing air forces, will create opportunities for an upsurge in mount demand. The incorporation of advanced machinery in specialty aircraft is expected to positively impact market growth. The well-established aviation industry in the United States, coupled with the growing number of domestic and international passengers, is expected to drive the demand for commercial flights, thereby supporting market growth. The global rise in military services, driven by the imperative to fortify defense systems, will stimulate demand for specialty fighter jets, choppers, and military-grade air carriers. Furthermore, the innovation in specialty war equipment installed in war aircraft necessitates customized mounts, further contributing to a positive influence on the market. The aviation sector has witnessed a surge in international travelers owing to the flourishing tourism industry. Passengers' preferences for comfort and safety during flights have prompted airlines to enhance services, thereby bolstering market growth. Although the aerospace manufacturing industry experienced a temporary halt in production, it is anticipated to resume operations in the second quarter of the year, leading to regained momentum for the market in the near future.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Aircraft Mounts Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global 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.

Drivers of the Global Aircraft Mounts Market

The escalating demand for safety and comfort in airplanes stands out as a significant driver fuelling the growth of the global aircraft mounts market. As the number of passengers continues to rise for both domestic and international travel, airlines are under pressure to deliver enhanced services, aligning with passengers' expectations for a secure and comfortable flying experience. This heightened emphasis on improved safety and comfort creates a demand for top-tier aircraft mounts, crucial for maintaining the stability and reliability of onboard equipment. This, in turn, has a positive impact on the overall growth trajectory of the market.

Restraints in the Global Aircraft Mounts Market

A notable challenge confronting the global aircraft mounts market is the temporary cessation of production in the aerospace manufacturing industry. The industry has encountered disruptions stemming from issues like supply chain complexities, a shortage of labor, and financial uncertainties. This interruption in production has adversely affected the availability and timely delivery of aircraft mounts, resulting in installation delays and potential disturbances in the market. Nevertheless, there is anticipation that the industry will recommence its operations shortly, alleviating this constraint and facilitating the market in recovering momentum.

Market Trends of the Global Aircraft Mounts Market

A significant trend in the global aircraft mounts market is the increasing desire for lightweight and resilient materials in the manufacturing of mounts. The aviation industry's heightened focus on fuel efficiency and emissions reduction has prompted a transition towards the utilization of lightweight materials, including composites and alloys, for aircraft mounts. These materials boast enhanced strength-to-weight ratios, ultimately improving the overall performance and efficiency of aircraft. The incorporation of lightweight materials in mount production not only leads to fuel savings but also aligns with sustainability goals in the aviation sector, contributing to a reduction in environmental impact.