Press release
Aircraft Seals Global Market Size, Share, Trends, Industry Report And Global Forecast 2023-2032
Aircraft Seals Market
The Business Research Company's Aircraft Seals Global Market Report 2023 identifies the increase in demand and development of hybrid and propulsion aircraft as the major driver for the aircraft seals market's growth in the forecast period. Aircraft seals are used as a component that fills gaps between mating surfaces on the civilian, military, and commercial aircraft. The innovation of modern aircraft configurations with hybrid-electric propulsion reflects the growing demand for environmentally friendly aviation and shorter travel times. These modern aircraft use hybrid and electric aircraft seals to bind assembly applications, which helps reduce the overall weight of aircraft and fuel consumption while ensuring safety.
The global aircraft seals market size grew from $1.84 billion in 2022 to $1.97 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The aircraft seals market size is expected to grow to $2.69 billion in 2027 at a CAGR of 8.0%.
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Major competitors in the aircraft seals market are Trelleborg Sealing Solutions, Saint-Gobain S.A., Du Pont, Parker Hannifin Corporation, Regal Rexnord Corporation.
A key trend in the aircraft seals market includes technological advancement. Major companies operating in the aircraft seals market are focused on providing technologically advanced solutions to strengthen their market position. These companies are implementing next-generation technologies into their frameworks, such as aero-engine sealing technology, hydraulics system, avionics & electrical system, fluid dynamics, and others, to protect the safeguard valves, storage areas, and other infrequently used areas.
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The aircraft seals market is segmented -
•By Type: Dynamic Seals, Static Seals
•By Material: Composites, Polymers, Metals
•By Distribution Channel: OEM, Aftermarket
•By Application: Engine System, Airframe, Avionics And Electrical System, Flight Control And Hydraulics System, Landing Gear System
•By End User: Commercial Aircraft, Military Aircraft
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the aircraft seals market.
The Business Research Company's "Global Aircraft Seals Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Aircraft Seals Market Include:
1. Aircraft Seals Market Executive Summary
2. Aircraft Seals Market Segments
3. Aircraft Seals Market Size And Aircraft Seals Market Growth Rate
4. Key Aircraft Seals Market Trends
5. Major Aircraft Seals Market Drivers
……
25. Key Mergers And Acquisitions In The Aircraft Seals Market
26. Top Aircraft Seals Companies
27. Aircraft Seals Market Opportunities And Strategies
28. Aircraft Seals Market, Conclusions And Recommendations
29. Appendix
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