Portland, OR, Feb. 08, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global aircraft mounts market generated $580.0 million in 2020, and is estimated to reach $1.15 billion in 2030, witnessing a CAGR of 7.3% from 2021 to 2030. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.
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Aircraft Mount Report coverage & details:
| Report Coverage | Details |
| Forecast Period | 2021–2030 |
| Base Year | 2020 |
| Market Size in 2020 | $580.0 million |
| Market Size in 2030 | $1.15 billion |
| CAGR | 7.3% |
| No. of Pages in Report | 340 |
| Segments covered | Mount Type, Application, Material, Aircraft Type, End Use, Region. |
| Drivers | Need for comfort and safety of passengers |
| Strict regulations associated with safety and noise pollution | |
| Penetration in the commercial sector | |
| Opportunities | Advent of additive manufacturing |
| Technological advancements | |
| Restrains | high cost of materials |
| Lack of efficient supply chain |
Covid-19 Scenario on Aircraft Mounts Market:
- Owing to lockdown restrictions, there have been disruptions in manufacturing activities, grounding of aircraft, and shortage of material and components. This adversely affected the growth of the global aircraft mounts market.
- Ban on import and export of goods is expected to lead to shortage of components. This reduced the market growth for aircraft mounts.
- The ban on domestic and international air travel reduced the demand for aircraft mounts considerably. However, the demand is expected to grow as countries lift-off restrictions.
The report offers detailed segmentation of the global aircraft mounts market based on mount type, application, material, aircraft type, end use, and region.
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Based on mount type, the engine mounts segment held the highest share in 2020, accounting for nearly one-third of the total share, and is projected to maintain its lead position during the forecast period. However, the pedestal mounts segment is expected to witness the highest CAGR of 9.4% from 2021 to 2030.
Based on application, the airframe segment accounted for the highest share in 2020, contributing to more than one-third of the total share of the global aircraft mounts market, and is expected to maintain its lead position during the forecast period. However, the avionics segment is projected to manifest the highest CAGR of 9.2% from 2021 to 2030.
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Based on region, North America contributed to the highest share in 2020, holding around two-fifths of the total market share, and is expected to maintain its leadership status by 2030. However, Asia-Pacific is projected to portray the fastest CAGR of 9.0% during the forecast period.
Leading players of the global aircraft mounts market analyzed in the research include Trelleborg AB, Cadence Aerospace, GMT Rubber-Metal-Technic Ltd., Shock Tech, Inc., ESCO Technologies Inc., Parker-Hannifin Corporation, AirLoc Ltd., VMC GROUP, RAM Mounts (National Products Inc.), and Meeker Aviation.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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