Aircraft Mounts Market Share

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.