Market Size of Aircraft Mounts Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 8.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Aircraft Mounts Market Analysis
The Aircraft Mount Market is anticipated to register a CAGR of 8% during the forecast period.
The COVID-19 pandemic had a negative effect on the aircraft mount market. The onset of the pandemic led in declining in the number of air passenger traffic as well grounding of various flights worldwide. The pandemic also led to a shortage in terms of materials and components which are required by the manufacturers to manufacture the aircraft mounts. Moreover, the pandemic also led to a significant decline in air travel thereby limiting the growth of aircraft mounts. A shortage in the components owing to regulations associated with the import and export of goods also led to a negative effect on the market. Travel bans and lockdowns also hampered the market. On the other hand, the decline in the number of COVID-19 cases led to the market witnessing gradual growth. A rise in the number of air passenger traffic as well as the opening up of borders has also led to growth in air travel in various countries. This, in turn, has propelled the growth in aircraft mounts and the opening of borders has also led to availability in terms of materials and components which has led to manufacturers increasing the production of aircraft mounts and meeting the demand requirements. Thus, the market is expected to witness significant growth during the forecast period.
The significant increase in air passenger traffic, the surge in the demand for new aircraft, and an increase in the maintenance, repair, and overhaul operations are the main factors that are driving the aircraft mount market. Moreover, an increasing need for providing comfort and safety to the passengers as well as an increasing need to reduce pilot fatigue on long-distance flights has led to an increase in the demand for aircraft mounts globally. Moreover, growing technological advancements and the rise in the development of customized payload mounts will also propel the growth of the market during the forecast period.
