Press release
Aircraft Seals Market Statistics, Analysis & Forecast To 2024 key players- Trelleborg Group, Esterline Technologies Corporation, DuPont
Asia Pacific aircraft seals market size will grow with fastest rate owing to surging aviation industry led by China, India, Singapore and Malaysia. Asia Pacific air traffic has grown by 11 % in 2016. Affordable flight fare will boost aviation industry thereby increasing revenue for aircraft seals market.
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High manufacturing cost resulting in substantial increase in product price will hamper the aircraft seals market demand. Manufacturers are using high cost composite material to comply with government norms and reduce overall weight of the airplane. This will further increase the product cost and limit the aircraft seals market share over the forecast timeline.
Based on material, industry is categorized in to composites, metal and polymers. Polymers will acquire largest business share during the forecast period. Composite will witness highest growth rate owing to increasing demand of composite components from manufacturers. Composites have high strength to weight ratio at relatively low weight which is prompting manufacturers to replace metals with composites.
Expanding aviation industry is driven by rise in passenger traffic across the globe. Increment of international & domestic fleet gives rise to demand of new airplanes. Growing demand for new deliveries from Airbus & Boeing and increasing backlog creates the growth opportunity for component suppliers across aerospace sector from 2017 to 2024.
Based on aircraft, industry is categorized in to commercial, regional, general aviation, helicopter and military airplanes. Demand from commercial airplanes will acquire significant share owing to increasing usage of product in modern airplanes. Demand from military aircrafts is attributed to increasing number of light combat helicopters.
Based on application, the industry is categorized into engine, flight control surfaces, airframe, interiors, landing gears and brakes & wheels. In 2016, engine segment holds largest revenue share and is expected to maintain its dominance owing to wide applications in engine systems.
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Some of aircraft seal manufacturing companies are Hutchinson SA, Trelleborg, Esterline Technologies Corporation, Thomasnet, Advance Aircraft Seal, Brown Aircraft, Ace Seal, Robco, Dupont, Kopco Global and Jaco Airspace & Industrial among others. Manufacturers focus on development of optimized products and establishing long term contracts with OEMs for business sustainability.
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Global Market Insights, Inc.
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