PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1639331
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1639331
The Global Aircraft Mounts Market, valued at USD 886.5 million in 2024, is anticipated to grow at an 8.1% CAGR from 2024 to 2032. The aviation sector has been expanding rapidly, driven by a rise in global air travel demand. As the middle class grows, especially in emerging markets, there is a significant increase in the need for air travel, thereby boosting the demand for more aircraft.
This surge in air traffic has led to increased production by aircraft manufacturers, which in turn raises the need for various components, including aircraft mounts. These mounts help role in securing essential systems like engines, landing gears, and other vital parts of an aircraft. As airlines expand their fleets to meet the rising demand for passenger and cargo transport, the aircraft mounts market experiences a proportional increase in demand for reliable, high-quality mounts.
The market is divided into two main types: exterior and interior mounts. In 2023, exterior mounts held the largest market share at 60.4%. These mounts are designed to support vital compounds exposed to harsh conditions, such as landing gears and engines. Their durability is essential, as they must resist harsh environmental factors, including extreme temperatures, wind, and vibrations during flight. As aircraft demand increases, the need for innovative materials and designs to enhance the performance and longevity of exterior mounts also grows, fostering advancements in this segment.
Market Scope | |
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Start Year | 2024 |
Forecast Year | 2025-2034 |
Start Value | $886.5 Million |
Forecast Value | $1.9 Billion |
CAGR | 8.1% |
Based on end-use, the market is segmented into OEM (original equipment manufacturer) and replacement. The replacement segment is projected to grow at a CAGR of 9.6% over 2024-2032. This growth is driven by the necessity of replacing mounts to maintain aircraft safety, performance, and regulatory compliance. As aircraft age, their mounting systems may degrade, requiring replacement to ensure continued safe operation. Additionally, regular maintenance cycles and the need to upgrade mounts for new technologies further fuel the demand for replacement mounts, particularly in both commercial and military aircraft fleets.
U.S. aircraft mounts market generated USD 550 million by 2032. The region's robust aviation industry, which encompasses both civilian and military sectors, plays a vital role in this growth. Ongoing production, fleet expansion, and frequent upgrades all contribute to the increasing demand for aircraft mounts. Furthermore, the region's emphasis on advanced materials and safety standards drives innovations and replacements of mounting systems, ensuring continued growth in the market.