Press release
Aircraft Seals Market Growth Rate and Future scope analysis by Eaton, Esterline Technologies, SKF, Trelleborg Sealing, Brown Aircraft, Parker Hannifin
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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Market Overview
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 defence spending, replacement of old aircraft seals, and growing demand for new fighter jets in developing countries, such as China and India. 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. 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.
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.
Market Segmentation
The Aircraft Seals Market has been segmented into seal type, application, material, vendor, platform, and region. Based on the seal type, the dynamic seal segment is widely used and comprises the largest share in the market as it provides strengthening and lubrication between the machine components during various movements, such as rotation, reciprocation, and oscillation. Based on material, the composites segment is widely used and comprise the largest share in the market due to high demands for lightweight components. The carbon composite material possesses superior sealing properties such as self-lubrication, heat resistance and high thermal conductivity, which makes it a suitable choice for sealing material. Furthermore, these materials are machinable according to the dimensional tolerances of aerospace regulatory agencies.
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.
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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
About Market Research Future
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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