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 2025 by MRFR
Market Research Future (MRFR) states in its latest report on the Global Aircraft Seals Market that the market is expected to expand at a CAGR of 5% in the forecast period of 2018 to 2023. The durability and strength to withstand high pressure are gaining aircraft seals popularity. In addition, their contribution to the sturdy making of crucial parts of an airplane such as aircraft auxiliary power units and aircraft turbine engines is escalating their sales number.
These factors are noted to push the global aircraft seals market growth. Aircraft seals are resistant to temperature fluctuations that make them highly desirable among airplane producers. Other factors such as increase in number of people traveling by air, high frequency of by air cargo, hike in per capita income of people, and extensive MRO practices are likely to promote the growth of the global market of aircraft seals. However, aircraft seals are not recyclable, which can cast a negative impact on the environment. At present, the need to safeguard our environment is rising, and governments taking rigorous steps towards protecting it are observed. These factors can limit market growth.
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Technetics Group (U.S.), Esterline Technologies Corporation (U.S.), Eaton Corporation (Ireland), Parker Hannifin Corporation (U.S.), Meggitt Plc (U.K), Trelleborg Sealing Solutions (Sweden), SKF (Sweden), Hutchinson SA (France), Saint-Gobain (France), and Brown Aircraft Supply Inc. (U.S.).
The global aircraft seals market study has been segmented on the basis of type, vendor, platform, material, application, and aircraft type.
By application, the market has been segmented into engine airframe, landing gear, landing gear, wheels and brakes, and others. The engine airframe is likely to scale up the market. Aircraft seals are extensively used in engine airframe due to their ability to withstand immense pressure. Abradable seals, brush seals, hydrodynamic seals, kiss seals, and metals seals are commonly sealings in aircraft engines.
By vendor, the market has been segmented into OEM and aftermarket. The increase in demand for new aircraft is bringing business to original equipment manufacturers (OEM) as the need for aircraft components is noted to increase. The OEM segment is expected to contribute in scaling up the market growth.
By platform, the market has been segmented into commercial and military. Increase in number of air travel, as weekend vacation culture prevails, is expected to augment the commercial segment growth. By aircraft type, the high rate of adoption of fixed-wing is anticipated to spur the growth of the global aircraft seals market growth. By materials, the market has been segmented into composites, metals, and polymers. By seal type, the market has been segmented into static and dynamic.
By region, the market growth has been studied for key regions that include Asia Pacific, Europe, North America, Latin America, and the Middle East and Africa. In North America, MRO is practiced extensively. Aircraft seals play a major role in MRO exercises. Hence, the sales of aircraft seals are high. This is likely to gain traction for the North America market over the review period. In addition, cash-rich and renowned producers of aircraft seals that are residing in the region is investing in innovations that can make bring more comfort and high level of safety to passengers.
This is also expected to push the growth of the regional market. The market in the United States is likely to register the highest growth rate across the assessment period. In the Asia Pacific region, the aircraft seals market is anticipated to expand at a fast-pace. The ease in procuring raw material for the production of aircraft seals, and the availability of fabricating materials in abundance are factors that are expected to push the APAC market growth.
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