December 03, 2020
As per the business intelligence report titled ‘Global Aircraft Mounts Market Size study, by End-Use ( OEM, Replacement), by Aircraft Type (Commercial Aircraft, General Aviation Aircraft, Military Aircraft), by Mount Types (Exterior Mounts, Interior Mounts), by Application (Commercial Aircraft, General Aviation Aircraft, Military Aircraft), by Material ( Nickel-based alloys, Aluminium Alloys, Steel Alloys, Rubber, Polyamide, Others ) and Regional Forecasts 2020-2027’ available with Market Study Report LLC, global aircraft mounts market was worth USD 606 million in the year 2019 and is projected to exhibit a CAGR of 7.1% during 2020-2027.
Research analysts claim that escalating demand for comfort & safety as well as in-flight entertainment in airplanes, growing global air passenger traffic, and increasing efforts of airlines towards providing better flying experience to their customers are augmenting the growth of global aircraft mounts market size.
Citing an instance, as per estimations by the IATA (International Air Transport Association), the number of air travel passengers will rise to 8.2 billion by the year 2037.
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Additionally, growing commercial traffic, increasing manufacturing volume of aircrafts as well as maintenance and repair work, rising adoption of 3D printing technologies to manufacture the product, and high concentration of aircraft manufacturers in Latin America and Asia-Pacific are positively swaying the global aircraft mounts market dynamics.
Based on aircraft type, global aircraft mounts industry is bifurcated into military aircraft, general aviation aircraft, and commercial aircraft. With regards to mount type, the overall market is divided into interior mounts and exterior mounts.
Speaking of end-user terrain, the industry is fragmented into replacement and OEM.
According to the regional analysis of the report, North America is predicted to emerge as a major revenue generator for global aircraft mounts market during 2020-2027. Flourishing aviation industry, high presence of airline service providers, and affordable air travel are propelling the expansion of the regional market.
On the other hand, Asia-Pacific aircraft mounts market is projected to register the highest CAGR over the forecast period, owing to increasing frequency of domestic as well as overseas commercial flights and flourishing tourism sector in the region.
Major companies that have an authoritative rank in worldwide aircraft mounts market are Ram Mounts, VibraSystems Inc., VMC Group, AirLoc Ltd., Shock Tech, Inc., Mayday Manufacturing Co., Cadence Aerospace LLC, Trelleborg AB, GMT Rubber-Metal-Technic Ltd., and LORD Corporation among others.