The Aircraft Seals Market 2022 Global Industry Research Report is a comprehensive business study on the current state of the Aircraft Seals Industry providing competitive analysis in form of 10 company profiles along with their product picture and specification, capacity production price cost production value and contact information says a latest report at The Insight Partners.
In terms of revenue, the global aircraft seals market was valued at US$ 866.0 million in 2018 and is projected to reach US$ 1,257.0 million by 2027; it is expected to grow at a CAGR of 6.2% during the forecast period from 2020 to 2027.
The aircraft seals market is broadly segmented into five major regions—North America, Europe, APAC, MEA, and SAM. The global market is predominantly dominated by the developed regions such as North America and Europe region accounting for ~55% of the global market collectively. Factors such as availability of technological capabilities, high disposable individual incomes, higher standards of living, and rapid technological advancements in the arena of aerospace engineering, presence of leading aircraft manufacturers, as well as presence of some of the well-established sealing solution providers among other factors have contributed towards the significant consolidation of the aircraft seals market share in North America and Europe regions.
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Major vendors covered in this report:
Brown Aircraft Supply Inc., DuPont De Nemours Inc., Eaton Corporation Plc, Hutchinson, Meggit Plc, Saint-Gobain SA, SKF, Technetics Group, Parker Hannifin Group, Trelleborg AB.
Market Insights–Aircraft Seals Market:
Rising Adoption of Durable Seals:
The modern aircraft fleets (both commercial and military) traverse through harsh environments. Hence, they need durable components to withstand extreme conditions. The aircraft seals ensure smooth operability of the aircraft by restraining any liquid from flowing through flaps, ailerons, slats, access panels, and doors, among other parts of the aircraft. As the aircraft manufacturers are progressively focusing on increasing the range and endurance of respective aircraft models, the demand for technologically advanced and robustly durable seals is constantly surging among the aircraft OEMs. The application of durable seals on any aircraft models facilitates airframe manufacturers and end-users with a longer life cycle and enhanced protection against extreme environmental conditions. These benefits have been gradually increasing the interest among the airframe manufacturers and end users, thereby raising the procurement of durable seals, which is ultimately driving the aircraft seals market.
Type Segment Insights
Based on type, the dynamic seal segment dominated lead the global aircraft seals market in 2019. The adoption of the dynamics seals is expected to increase among the aircraft manufacturers, landing gear manufacturers, and engine manufacturers over the coming years, owing to the fact that the dynamic seals have a higher service lifespan, which reduces the replacement cycle thereby, minimizing the operational and MRO costs.
Material Segment Insights:
Based on material, the polymer dominated the global aircraft seals market in 2019. The polymer seals are in demand among the aircraft manufacturing ecosystem players. As the demand for air travel continues to rise, lightweight aircraft models’ production continues to surge. The aircraft manufacturers and component suppliers are constantly emphasizing equipping lightweight products and components on the aircraft in order to increase the model’s fuel efficiency.
Application Segment Insights:
Based on application, the airframe segment dominated the global aircraft seals market in 2019. The continuously growing volumes of airframes of various dimensions i.e., such as narrow-body airframes, wide-body airframes, fighter jets airframes, and corporate jets year-on-year are reflecting higher demands for seals for airframes. This factor is driving the aircraft seals market.
Distribution Channel Segment Insights:
Based on distribution channel, the OEM segment dominated the global aircraft seals market in 2019. The original equipment manufacturers (OEMs) are among the key procurers of aircraft seals. The continuously growing order and production volumes of aircraft (both commercial and military) are increasing the aircraft OEMs’ investments towards the adoption of aircraft seals. This factor is throttling the aircraft seals market.
End User Segment Insights:
Based on end user, the merchandise dominated the global aircraft seals market in 2019. The commercial aircraft segment in the aircraft seals market is anticipated to grow in terms of revenues in the coming years. The increase in production volumes of commercial aircraft models is highlighting the demand for aircraft sealing solutions, which is driving the aircraft seals market through the commercial aircraft segment.
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