Aircraft Mounts Market

Market Overview

The global aircraft mounts market size was valued at USD 710.42 million in 2021 and is predicted to reach at USD 1397.81 million by 2030, increasing at a CAGR of 7.81% from 2022 to 2030.

Engines and other aircraft components are attached to the aircraft's main body or frame with the use of an aircraft mounting system. For a comfortable flight, aircraft mounts link the engine to the fuselage and disperse engine vibrations across the entire structure. All kinds of mounts are available for aircraft, including shock and pedestal mounted engines as well as small and high-deflection mounted components like pedestal mounts, engine mounts, and micro-mounts. In commercial, military, and business aviation aircrafts, fragile electronic equipment is protected from damaging shock or vibration by aircraft mounts.

The isolation and dampening of engine vibration and shock is provided by aircraft mounts. The purpose of engine mounts is to keep damaging vibrations out of the aircraft's key systems. Lower the amount of vibration communicated from the engine to the aircraft's structure and systems by using these devices to reduce the amount of stress on the engine and propeller. Aerospace conditions such as the military aerospace sector requires improved aircraft mounts, which are installed on military aircraft. Motion, shock, vibration and noise control technologies are being developed using new materials and technology.

Market Dynamics

Global Aircraft Mounts Market Drivers

Passengers' Increasing Demand for Comfort and Security

Aircraft mounts are being increasingly adopted by the aviation sector due to a growing focus on passenger safety and comfort. This is fueling the expansion of the global Aircraft Mount market. Vibration, stress, and noise problems caused by aviation components have pushed the industry for a better solution. By decreasing the occurrence of disturbances and isolating vibrations, aircraft mounts reduce the amount of noise generated by the aircraft. In light of the increasing necessity of supporting the engines and transmitting the loads, a big number of end-users are likely to use engine mounts to prevent disturbance.

Additionally, manufacturers are increasing their manufacturing capacity, which will lead to an expansion in the Global Aircraft Mount market. There are increasing backlogs and an increase in commercial aviation traffic, which is encouraging manufacturers to enhance their production capacity.

Adoption in the Military Fleets is on the Rise

The growing need for military aircraft is fueled by rising consumer demand and ongoing technological advancements in aircraft. As old fleets are replaced and defense spending increases around the world, new opportunities are projected to arise. This expansion will be fueled by the growing demands for defense aircrafts to fly from restricted bases to battle zones and to minimize the damage caused by natural catastrophes.

Increased military and commercial aircraft manufacturing, as well as a rise in air traffic in major countries, have fueled the segment's expansion during the past decade. Changes in aircraft parts, maintenance schedules, and services have all contributed to the sector's expansion. The need for engine mounts is growing since the engine mounts' longevity diminishes over time as a result of the constant oscillations in the cubicle. It increases the need for regular replacements.

Global Aircraft Mounts Market Restraints

OEM Product Costs Are Too High, And Faulty Designs Are Limiting the Market's Expansion

A number of obstacles are expected to restrain the global aircraft mounts market from reaching its full potential, despite a rising demand for these mounting systems in the military and aviation sectors alike. The lack of an effective supply chain and high material costs are projected to limit market expansion. The airplane mounts market is likely to grow slowly throughout the forecast period due to a number of factors, including increased OEM product prices, a scarcity of spare parts, and the high cost of raw materials. As a result, the market's expansion will be hampered by rising OEM prices and other reasons like as erroneous demand predictions and design changes that result in a lack of supply.

Global Aircraft Mounts Market Opportunities

3D Printing and An Upsurge in Air Traffic Will Create New Opportunities

Manufacturing of Aircraft Mounts using 3D Printing Technology in Asia-Pacific as well as Latin America is likely to generate considerable growth potential in the market throughout the forecast period. In addition, the arrival of low-cost flights has led to a rise in air traffic over the years. Passenger numbers are increasing, which has prompted airlines to enlarge their planes and improve their services on domestic as well as foreign flights. It is predicted that by 2040, the global fleet of industrial aircraft will increase from approximately 25,000 to nearly 50,000, with over 90% of the planes being recent innovations to meet increasing demand globally. Consequently, it is projected that the global aerospace industry, including defense and services, will exceed $9 trillion in the next decade. Future opportunities for the global aircraft mounts market are expected to open up due to these factors.

Segmental Analysis

The global aircraft mounts market is divided into different segments according to the Aircraft Type, Mount Type, Application, End Use, and Region (Geography).

By Aircraft Type, the global market is segmented into Military, Commercial, and General Aviation. Over the projected period, the commercial aircraft segment is expected to grow at the greatest CAGR of 8.79% and accounted for the largest proportion of revenue of over 59% in 2021 in terms of fuel consumption. The segment is expected to grow in the next years due to an increase in the number of foreign passengers and an increase in the demand for comfort and safety.

Airlines throughout the world are working with aerospace firms to develop better mounts so that passengers can have a more comfortable journey with more storage and current equipment. In order to boost the market, major aircraft manufacturers such as Airbus and Boeing are concealing their outstanding orders for commercial planes.

There has been a boom in the air force units and an increase in the demand for specialist fighter jets, helicopters, jets, and other aircraft. The military aircraft industry is likely to develop over the next several years because to the increasing demand for bespoke and specialty mounts.

By Mount Type, the global market is segmented into External and Internal. External mounts segment had dominated the market with a market share of almost 84% in 2021, and it is expected to retain its dominance throughout the forecast period as well. External mounts are used in commercial as well as general aviation to improve passenger cabins with storage capacity, as well as seating constructions.

In addition to pedestal mounts, other options for external mounting include multiplane, shock, platform, and sandwich mounts. The bulk of external mount in the commercial market are installed due to the availability of modern cabin storage and passenger comfort.

Over the next several years, the aviation sector is expected to rise as a result of increased safety measures for planes' most critical components. The proper operation of the aforementioned components in planes necessitates frequent servicing and replacement of the internal mounts. With an upsurge in commercial flights, the segment is likely to grow.

By Application, the global market is segmented into Suspension, Vibration/ Shock Isolation, and Engine Mounts. Engine mounts constituted for over 55% of the market share in the aircraft mount market in 2021 and are expected to grow at a CAGR of 7.94% through 2030. Commercial, as well as military-grade aircraft manufacturing, is predicted to rise as a result of an increase in air traffic and defense activity in major countries over the next few years.

The need for these mounts is likely to rise as a result of periodic maintenance and repairs, as well as the replacement of aircraft components. Because of the strong vibrations with in compartments, the engine mounts end up losing their stability over time and must be replaced on a regular basis.

The aircraft's moving elements generate shocks, and the suspensions serve to dampen such shocks. In addition to the shock-absorbing systems, these suspensions are subjected to a significant amount of wear and tear over time. As a result, considerable demand for aircraft replacement operations is expected.

By End Use, the global market is segmented into Replacement and OEM. For aeroplane mounts in 2021, replacement segment accounted for nearly 75% of the revenue share and is expected to rise by 8.88% during the projection period. In order to maintain the safety of airline passengers, the market for commercial aircraft repair and maintenance is expected to grow over the forecast time period.

It is expected that the market for commercial planes as well as military-grade aircraft will rise as a result of scheduled maintenance of their parts. Furthermore, the replacement of aircraft engine mounts & suspension blocks is influenced by the need for a fixed replacement beyond a certain period.

The mounts are installed in the crafts beforehand, so OEMs of mounting items work on production applications. The increase in aircraft manufacturing across all sizes as well as categories is expected to boost product demand in the forecasted time frame until 2030.

By Region or Geography, the Global Aircraft Mounts Market is segmented into North America, Europe, Asia-Pacific (APAC), Latin America, and Middle East & Africa (MEA). In 2021, North America held a market share of approximately 50% of the market. Cheap air transportation and an abundance of airline facilities in the region have helped to fuel the rise of the aviation industry. 85% of Europe's revenue in 2021 will come from external mounts, which are predicted to expand until 2030.

Regional Analysis

The global aircraft mounts market is segmented by geography into North America, Europe, Asia-Pacific (APAC), Latin America, and Middle East & Africa (MEA).

In 2021, North America took a hold of the largest share of the market, accounting for roughly half of the total revenue. The reason behind the market’s growth was the well-established aviation industry, which, when combined with low-cost air travel and a large number of airline service providers in the area, has fostered the expansion. In addition, the rising defense sector throughout the region, particularly in the United States, has contributed to the spike in demand in the region.

The United States of America was the most dominant consumer with in region in 2021, and it is anticipated that this position would be maintained during the forecast period. The market has been supported thanks in large part to the growing number of tourists coming from other countries as well as the developed tourism industry. However, the COVID-19 outbreak that has been going on in the country has had a significant impact on tourism and aviation, which has hampered the expansion of the sector.

In 2021, the market for external mounts across Europe was responsible for 85% of the total income, and it is anticipated that this demand will continue to expand until 2030. It is probable that the market will have chances for expansion as a result of the existence of key aircraft market players in the region as well as expanded manufacturing capacity in Russia, Spain, France, the United Kingdom, and Germany.

It is anticipated that the Asia Pacific aerospace sector would see an upward trend within the predicted time frame as a result of an increase in the number of commercial planes for travel both domestically and internationally. Additionally, the expanding tourism industry in the region, particularly in South East Asia, is anticipated to attract international visitors. As a result, there is an expectation that there will be an increase in the demand for commercial planes, which in turn will have a beneficial effect on the expansion of the market.

Recent Developments

• July 2022 - Kent Corp. subsidiary Grain Processing Corporation (GPC) has finalised the acquisition of Natural Products Inc., situated in Grinnell, Iowa (NPI). The soybeans used in NPI's full-fat soy components are either non-GMO or organically certified. Chickpeas and oats, for example, are also processed by the company.
• April 2022 - Trelleborg Sealing Solutions, a division of Trelleborg, has signed a definitive agreement to acquire US-based EirMed, LLC. Medical equipment, such as those for in-vitro diagnostic, minimally invasive surgeries, and orthopaedics, rely heavily on the company's precision plastic injection-moulded components.

Aircraft Mounts Market Segmentation

By Aircraft Type

• Military
• Commercial
• General Aviation

By Mount Type

• External
• Internal

By Application

• Suspension
• Vibration/ Shock Isolation
• Engine Mounts

By End Use

• Replacement
• OEM

By Geography

• North America
• Europe
• Asia Pacific (APAC)
• Latin America
• Middle East and Africa (MEA)