Aircraft Mounts Market Size, Share & Trends Report

Aircraft Mounts Market Size, Share & Trends Analysis Report By Product, By Material, By Application, Regional Outlook, Competitive Strategies, And Segment Forecasts, 2019 To 2025

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The global aircraft mounts market is expected to be driven by the rise in stringent regulation regarding the design and manufacturing of aircraft mounts in order to increase the aircraft safety and to enhance the comfort. Intensified need to reduce vibrations, shock or noise problems is expected to aid the market growth.

The aircraft mounts provide enhanced protection from lower frequency disturbances and isolation from the vibrations, thereby reducing the noise to some extent. They also act as high capacity isolators, which are designed to protect and support the avionics equipment. In addition, they are used to control the occasional shocks, thus enhancing the safety of the aircraft.

The rising importance of engine mounts to support the engine and transmitting loads is expected to drive the aircraft mounts market demand. Engine mounts are essentially used to attach an engine to the fuselage or airframe. Moreover, diffuse vibration and torque generated by the aircraft by distributing the engine weight.

A rise in aircraft backlog orders has encouraged the aircraft manufacturers to increase their manufacturing capacity, which is predicted to aid the market growth. At the end of September 201, Boeing and Airbus, collectively reported an order backlog of 12,838 commercial aircraft, corresponding to 7.1 and 8.9 years of annual production for Boeing and Airbus, respectively. This is expected to prompt the manufacturers to increase their production capacities, which, in turn, is likely to drive the growth of aircraft mounts market.

Growing passenger and freight traffic, especially in the Asia Pacific is expected to drive the demand for MRO activities, thereby driving the rate of replacement for aircraft modules. The expansion in air passenger and air freight volume across the globe against the backdrop of economic growth in emerging countries and considerable developments in commercial aviation are predicted to drive the market growth over the forecast period. The increase in airline travel and transport is presumed to drive the demand for aerospace parts that are used in aircraft, which is expected to have a positive impact on product demand.

The aerospace industry exhibits one of the most complex supply chains in the world, with several tiers of the supply chain. With a tremendous increase in MRO activities, the demand for aircraft mounts is growing with rising replacement rate.

However, the market is facing a challenge to keep pace with the increasing demand, as OEMs are increasing the product prices. In addition, various factors, such as incorrect prediction of future demand, design change, inaccurate product pricing, lead to disruption in the supply chain, resulting in a shortage of supply, which is expected to have an adverse effect on the aircraft mounts market.

The aircraft mounts market is witnessing an upward trend in the adoption of additive manufacturing for aircraft mounts, as the technology helps to control the microstructure of the material, thus maximizing the performance of the material. Moreover, additive manufacturing allows dramatic reductions in the buy-to-fly ratio of expensive materials, such as the lightweight, high-strength titanium, nickel, and super-alloys, by optimizing the design to decrease the amount of material used.

However, restrictions and regulations imposed by the airworthiness authorities on the use of parts produced using additive manufacturing technology, coupled with the relatively limited experience and knowledge in additive manufacturing technology, are expected to limit the technology adoption.

The market for aircraft mounts has been segmented based on material, product, application, end-use, and aircraft type. On the basis of material, the aircraft mount market is classified into aluminum alloys, steel alloys, nickel alloys, rubber, and others. The market is segmented into interior mounts and exterior mounts on the basis of product type.

In addition, it is segmented into engine mounts, shock isolation, and suspension. Moreover, the market is classified into OEM and replacement on account of end-use. The aircraft mount market is also segmented based on aircraft type into commercial aircraft, business & general aviation aircraft, and military aircraft.

North America accounted for the largest market share in 2018 and is expected to continue the trend over the forecast period, owing to the huge aircraft manufacturing industry, coupled with rising product demand for replacement in the MRO sector. Europe is estimated to account for a significant share on account of the presence of major aircraft manufacturers in the region.

However, Asia Pacific is predicted to witness the fastest growth over the forecast period, which can be attributed to high passenger and freight traffic in the region. High air traffic is leading to escalated demand for MRO, resulting in a rise in the replacement rate of aircraft mounts.

The aircraft mounts market exhibits intense competition, owing to the presence of a large number of small to medium scale product suppliers offering suitable products to the aircraft manufacturers and MRO service providers. Increased competition among the aerospace parts manufacturing companies aiming to establish secure contracts with aircraft manufacturers is being observed in the market.

The players in the aircraft mounts market compete on the basis of differentiation in technology, design, product performance, and conformity to the customer specifications. Additional factors, such as timely delivery of the product, market goodwill, superior customer service & support, and price also affect the competition. Key industry participants include Lord Corporation, Vibration Isolation Products, HUTCHINSON, Ram Mounts, The VMC Group, Cadence Aerospace, and Mayday Manufacturing.

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