Aircraft Seals market is projected to witness approximately 5% CAGR by 2023


Posted October 23, 2020 by nita01

The market for aircraft seals is estimated to witness 5% CAGR during the forecast period.
 
Market Highlights:
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% CAGR during the forecast period.
On the basis of region, the 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 Avcorp Industries Inc. (Canada) and Vought Aircraft to supply wheel well, nacelle, and aerodynamic seals. In 2016, the Trelleborg Sealing Solutions acquired CoorsTek 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.
Access Report @ https://www.marketresearchfuture.com/reports/aircraft-seals-market-6115
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.
By Seal Type

Dynamic
Static
By Application

Engine Airframe
Flight Control System
Landing Gear
Wheels & Brakes
Others
By Material

Composites
Polymers
Metals
By Vendor

OEM
Aftermarket
By Platform

Commercial
Military
By Aircraft Type

Commercial
Military
By Region

North America
Europe
Asia Pacific
Middle East & Africa
Latin America
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.).
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Country Italy
Categories Aerospace
Tags Aircraft Seals Market
Last Updated October 23, 2020