Aircraft Mounts Market size was valued at USD 768.43 million in 2023 and is likely to cross USD 1.89 billion by 2036, registering more than 7.2% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of aircraft mounts is estimated at USD 812.69 million.
The growth can be attributed to the increasing adoption of mounts in the aviation sector driven by the growing demand for airplane safety and better flight experience among passengers with advancement in technology.
Growth Drivers
Increasing Air Passenger Traffic And Stringent Aviation Rules To Drive The Growth Of The Global Aircraft Mounts Market
The growth of the market is primarily triggered by the growing adoption of mounts in the aviation industry combined with the increasing air passenger traffic driven by tourism and other travel purposes. With the rise in air passenger traffic globally, there has been an increase in the demand for enhanced flight experience along with the demand for safety and comfort in the airplane. Thus, the increasing need to reduce vibrations, shocks, and noise problems created by the aircraft components is anticipated to boost the growth of the global aircraft mounts throughout the forecast period.
Additionally, the growing production of commercial aircraft, and the need for timely repair and maintenance of the same coupled with the strict aviation regulations regarding passenger safety are few other factors anticipated to fuel the aircraft mounts market growth in the coming years.
Rise In Defense Expenditure To Further Fuel The Market Growth
The military spending across the globe has increased significantly in recent years owing to advanced strategic missions in military sector especially, in the developed countries such as the United States, Germany, Russia, and others. The rising defense expenditure along with the demand for technologically advanced and modern aircraft such as fighter jets, transport aircraft, and helicopters are some of the factors expected to further fuel the growth of the aircraft mounts market over the forecast period.
Challenges
High Cost of products by OEMs And Faulty Designs to Hamper the Market Growth
Despite the growing demand for the aircraft mounts in defense and aviation sector, there are certain limitations which are anticipated to hinder the growth of the market during the forecast period. The increasing price of products by Original Equipment Manufacturers (OEMs) coupled with factors such as shortage of supply of parts and the high price of raw material are some of the other reasons expected to restrain the growth of the aircraft mounts market during the forecast period.
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Base Year |
2023 |
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Forecast Year |
2024–2036 |
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CAGR |
7.2% |
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Base Year Market Size (2023) |
USD 768.43 million |
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Forecast Year Market Size (2036) |
USD 1.89 billion |
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Regional Scope |
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The aircraft mounts market is segmented by aircraft type, mount type, material, application, and by end-user. The aircraft type segment is further divided into commercial, general aviation, and military. The commercial segment is projected to hold the largest revenue share in the market over the forecast period on the back of rising air passenger traffic globally. As per International Air Transport Association (IATA), by 2036, the global air traffic is likely to double. Therefore, there has been a corresponding increase in demand for new commercial aircraft in order to cater to the increasing passenger traffic.
Based on the mount type, the exterior mounts segment is expected to hold the largest market share during the forecast period on account of increasing demand for technologically advanced in-flight entertainment displays and passenger comfort. Exterior mounts are used to mount the external components of aircraft and include sandwich mounts, multi-plane mounts, platform mounts, pedestal mounts, and shock mounts.
Based on the material, the aluminum alloys segment is expected to witness a robust growth during the forecast period. This can be attributed to the superior mechanical properties of aluminum alloys that makes it lightweight and durable with high damage tolerance. Thus, aluminum alloys are frequently used in the manufacturing of modern aircraft.
Based on the application, the segment for engine mounts is estimated to hold the largest aircraft mounts market share throughout the forecast period on the back of the growing adoption of engine mounts to protect the engineering equipment within the aircraft and enhance operational efficiency. The engine mounts reduce the movement of the engine from abnormal shocks and loads.
Based on the end-user, the replacement segment is anticipated to lead the aircraft mounts market share on account of the growing trend for timely inspection and maintenance of aircraft mounts to ensure an effective functioning of aircraft and avoid chances of engineering equipment getting damaged. This, in fact, is contributing to an increased demand for replacement of aircraft mounts.
Our in-depth analysis of the global market includes the following segments:
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By Aircraft Type |
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By Mount Type |
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By Material |
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By Application |
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By End-User |
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Based on the region, the global aircraft mounts market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region.
The North America industry is set to account for largest revenue share by 2036, due to presence of a well-established aviation industry coupled with cheap air travel and a strong presence of airline service providers in the region. backed by the increasing passenger traffic. The Atlanta GA Airport in the US saw the highest total passenger traffic in the year 2019 with total number of passengers reaching 110,531,300. The United States is considered to be one of the largest operators, manufacturers, and exporters of aircraft mounts worldwide. Additionally, the growing amount of commercial air traffic in the region is expected to further drive the growth of the global aircraft mounts market in the coming years.
The Asia Pacific region is projected to witness an upward trend in the market on account of an increasing number of commercial flights for domestic and overseas travel. Moreover, the growing tourism in South East Asia is expected to attract foreigners, and this is anticipated to increase the demand for commercial planes and have a positive impact on the growth of the market.
On the other hand, the Europe, MEA, and Latin America region is anticipated to witness significant growth during the forecast period in the global aircraft mounts market. The growth can be attributed to the increase in defense expenditures in these regions and the growing adoption of fighter jets and helicopters by the military forces for strategic missions.
Author Credits: Dhruv Bhatia
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