Aircraft Seals Market Revenue Growth and Key Findings, Analyzing...

Aircraft Seals Market Revenue Growth and Key Findings, Analyzing the Latest Data by 2030

Posted 2023-11-01 11:00:12

Aircraft Seals Market

A seal is one of the vital components of an aircraft and prevents the passage, flow, or leakage of a gas or fluid between the components. It is designed to provide long service life and low friction for extreme pressure applications over a wide temperature range. The increasing need for high-temperature resistant material will create new growth opportunities for the market players. The factors driving the growth of the aircraft seals market are the increasing demand for new commercial and business aircraft, increased defense spending, replacement of old aircraft seals, and growing demand for new fighter jets in developing countries, such as China and India. However, there are some shortcomings in the operative performance of aircraft seals such as recyclability issues of composite materials and backlogs in aircraft deliveries. The market for aircraft seals is estimated to witness 5.9% CAGR during the forecast period.

Aircraft Seals Market Size Valued at USD 1,323 Million, market Grow at a CAGR Of 5.9% by 2020 -2030. On the basis of region, the Aircraft Seals Market is segmented into North America, Asia Pacific, Europe, Middle East & Africa, and Latin America. In North America, the presence of leading aircraft manufacturers and MRO facilities have contributed to the high demand for aircraft seals. In Asia Pacific, high growth rate of the market is due to the increase in air travel and subsequent demand for new aircrafts in the region. Meanwhile, in 2018, Meggitt Plc. signed a contract with Acorn Industries Inc. (Canada) and Vought Aircraft to supply wheel well, nacelle, and aerodynamic seals. In 2016, the Trelleborg Sealing Solutions acquired Coors Tek Inc., that specialized in the manufacturing of precision seals for the aerospace industry. This acquisition strengthened the presence of Trelleborg in North America and enabled it to provide effective sealing solutions for major aircraft programs.

Key Players

The key players in aircraft seals market are Eaton Corporation (Ireland), Esterline Technologies Corporation (U.S.), Meggitt Plc (U.K), Parker Hannifin Corporation (U.S.), SKF (Sweden), Trelleborg Sealing Solutions (Sweden), Brown Aircraft Supply Inc. (U.S.), Hutchinson SA (France), Saint-Gobain (France), and Technetics Group (U.S.).

The scope of the Report

This study provides an overview of the Aircraft Seals Market, tracking six market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia Pacific (APAC), Middle East & Africa and Latin America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the aircraft seals market by its seal type, application, material, vendor, platform, and region.

Segmentation:

Following are the segmentation of Aircraft Seals Market Outlook:

By Seal Type Insights:

· Dynamic

· Static

By Application Insights:

· Engine Airframe

· Flight Control System

· Landing Gear

· Wheels & Brakes

· Others

By Material Insights:

· Composites

· Polymers

· Metals

By Vendor Insights:

· OEM

· Aftermarket

By Platform Insights:

· Commercial

· Military

By Aircraft Type Insights:

· Commercial

· Military

By Region Insights:

· North America

· Europe

· Asia Pacific

· Middle East & Africa

· Latin America

Aircraft Seals Market Research Report: Information by Seal Type (Dynamic and Static), Aircraft Type (Fixed Wing and Rotary Wing), Material (Composites, Polymers, and Metals), Application (Engine, Airframe, Flight Control System, Landing Gear, Wheels & Brakes, and Others), Vendor (OEM and Aftermarket), Platform (Commercial and Military), and Region (North America, Asia Pacific, Europe, the Middle East & Africa, and Latin America)—Forecast till 2030

Related Link:

· Aircraft MRO Market Information Report by MRO Type (Engine, Component, Line Maintenance, Airframe and Modifications), By Aircraft Type (Narrow-body, Wide-body and Others), By Application (Commercial Air Transport, Business and General Aviation and Military Aviation) - Forecast to 2030

· Commercial Aircraft Propeller Systems Market: Information by Component (Blade, Hub, Spinner, and Others), by Propeller Type (Fixed Pitch and Varying Pitch), by End Use (OEM and Aftermarket), and by Region (North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America)—Forecast till 2030

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