The Aircraft Seals Market: Highlights

The global aircraft seals market is projected to grow at a healthy rate during the forecast period to reach an estimated value of US$ 1,059.2 million in 2023. Increasing production rates of key aircraft programs, such as B737, B787, A320, and A350XWB; increasing demand for lightweight aircraft seals; increased demand for enhanced fuel efficiency of aircraft; and rising global aircraft fleet size are the major growth drivers of the global aircraft seals market.

The global aircraft seals market is segmented based on the aircraft type as Commercial Aircraft, Regional Aircraft, Helicopter, Military Aircraft, and General Aviation. Commercial aircraft is expected to remain the growth engine of the aircraft seals market during the forecast period of 2018 to 2023. Increasing commercial aircraft deliveries to support rising passenger traffic, the introduction of fuel-efficient next-generation aircraft, and rising commercial aircraft fleet size across regions are the key factors propelling the demand for seals in the segment.

Boeing anticipated that there would be total deliveries of 41,030 commercial aircraft worth US$ 6.1 trillion in the global marketplace during 2017-2036. Asia-Pacific and North America would be the biggest demand generators with a combined share of 60.2% of the total commercial aircraft deliveries during 2017-2036. An expected healthy CAGR of 4.7% in air passenger traffic during 2017-2036 will chiefly drive the demand for commercial aircraft. This factor will create a sustainable demand for aircraft seals globally in the foreseeable future.

In addition to that, Boeing and Airbus had a combined total order backlog of 13,129 commercial aircraft by the end of 2017. These huge pile of order backlogs of commercial aircraft will allow both airframers to roll out their aircraft continuously for the next nine years at current build rates. To cope with such huge order backlogs, they have strategically been raising the production rates of their key commercial aircraft programs in order to deliver aircraft to their widespread clients at a shorter period of time. Also, they have been introducing fuel-efficient variants of their best-selling aircraft programs with the purpose to address the biggest requirement of the airline industry, which is the fuel-efficient aircraft. This factor will further assure the sustainable demand for aircraft seals in the foreseeable future.

Aircraft Seals Market - Aircraft Type Analysis

Aircraft Seals Market Attractiveness

Based on the application type, the global aircraft seals market is segmented as Engine, Airframe, Interior, Flight Control Surfaces, Landing Gear, Wheels & Brakes, and Hydraulics and Actuation. Engine System is expected to remain the most dominant application segment of the aircraft seals market during the forecast period of 2018 to 2023. Seals are used in a wide spectrum of engine applications including engine and pylon seals, thrust reverser seals, bleed air seals, fire seals, air inlet screens, vane grommets elastomeric gaskets, shaft seals, and O-rings.

Based on the material type, the aircraft seals market is segmented as Polymer Seals, Composite Seals, and Metal Seals. The polymer seal is expected to remain the largest segment of the global aircraft seals market during the forecast period, whereas composite seal is expected to witness the highest growth during the same period. There has been an incessant replacement of metal seals with composite seals, owing to their excellent strength-to-weight ratio at a relatively low weight.

Based on the regions, North America is expected to remain the largest aircraft seals market during the forecast period, whereas Asia-Pacific is expected to experience the highest growth during the same period. The highest growth of aircraft seals in Asia-Pacific is mainly attributable to the increasing aircraft fleet to support rising passenger traffic; opening of assembly plants of Boeing and Airbus for B737, A320, and A330 aircraft programs; increasing procurement of military aircraft, owing to rising defense budget; and upcoming indigenous commercial and regional aircraft (C919 and MRJ).
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The supply chain of this market comprises raw material suppliers, aircraft seal manufacturers, distributors, aircraft manufacturers, and airline companies. The key aircraft seal manufacturers are Hutchinson SA, Trelleborg AB, Meggitt Plc, Esterline Technologies Corporation, and Freudenberg Group. Development of optimized aircraft seals, regional expansion, and mergers & acquisitions are the key strategies adopted by the key players to gain a competitive edge in the market.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

Market structure: Overview, industry life cycle analysis, supply chain analysis
Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
Market trend and forecast analysis
Market segment trend and forecast
Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
Attractive market segments and associated growth opportunities
Emerging trends
Strategic growth opportunities for the existing and new players
Key success factors
The global aircraft seals market is segmented into the following categories.

Aircraft Seals Market, By Aircraft Type
• Commercial Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Regional Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Helicopter (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Military Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• General Aviation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aircraft Seals Market, By Application Type
• Engine (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Airframe (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Interior (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Flight Control Surfaces (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Landing Gear, Wheels & Brakes (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Hydraulic and Actuation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aircraft Seals Market, By Motion Type
• Dynamic (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Static (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aircraft Seals Market, By Function Type
• Aerodynamic Surface Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Air and Fluid Handling (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Fire Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Conductive Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Insulative Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aircraft Seals Market, By Material Type
• Polymer Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Metal Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Composite Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aircraft Seals Market, By Region
• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India and Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Latin America, The Middle East, and Others)

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Category : Aerospace & Defense
https://www.stratviewresearch.com/290/aircraft-seals-market.html

Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.