Aircraft Seals Market Worth US$ 1,059.2 million in 2023

Stratview Research announces the launch of a new research report on Aircraft Seals Market. This 277-page extensive report from Stratview Research, studies the global aircraft seals market over the trend period of 2012 to 2017 and forecast period of 2018 to 2023. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

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This Aircraft Seals Market analysis has been segmented in Six ways, keeping in mind the interest of all the stakeholders across the value chain.
● by Aircraft Type (Commercial Aircraft, Regional Aircraft, and Others) – Aerospace and Defense to remain the most dominant sector.
● by Application Type (Engine, Airframe, and Others) – Tooling to remain most dominant application
● by Motion Type (Dynamic and Static) –
● by Function Type (Aerodynamic Surface Seals, and Others) – Out of Autoclave to witness healthy growth.
● by Material Type (Polymer Seals, Metal Seals, and Others) –
● and by Region (North America, Europe, Asia-Pacific, and RoW) – North America to remain the largest market.

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The Aircraft Seals Market Insights

The 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.

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The 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.

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).

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

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This release was published on openPR.