The Market of Aircraft Seals to grow beyond US$ 1,107.2 million by 2024

The new report of Stratview Research analyses the Aircraft Seals market over the trend period from 2013 to 2018 and forecast period from 2019 to 2024. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.

Salient Features of the Report

The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
• Strategic segmentation
• Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Detailed Competitive Rivalry landscaping
• Market trend and forecast analysis
• Future Growth Boulevards

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https://www.stratviewresearch.com/Request-Sample/290/aircraft-seals-market.html

An overview: The demand for lightweight aircraft seals

As per Stratview Research, the market for seals in the aircraft industry is estimated to reach US$ 1,107.2 million in 2024. Several factors are bolstering the demand for seals in the aircraft industry. Among all, the key growth factors are increasing production rates of the key aircraft programs, such as B737, B787, A320, and A350XWB; introduction of the fuel-efficient aircraft variants, such as B777x and A330neo; increasing demand for lightweight aircraft seals; and rising global aircraft fleet size.

Commercial aircraft: The growth engine

The 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 2019 to 2024. Increasing commercial aircraft deliveries to support rising passenger traffic, the introduction of fuel-efficient next-generation aircraft (B777x, A330neo, B737 Max, and A320ne0), increasing demand for lightweight seals, and rising commercial aircraft fleet size across regions are the key factors propelling the demand for seals in the segment.

Dominance of: Engine System and Polymer seal

Based on the application type, the 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 market during the forecast period. 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 market is segmented as Polymer Seals, Composite Seals, and Metal Seals. The polymer seal is expected to remain the largest segment of the 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.

A highly/moderately/fragment consolidated Market

The key aircraft seal manufacturers are Hutchinson SA, Trelleborg AB, Meggitt Plc, TransDigm Group Incorporated (Kirkhill), and Freudenberg Group. Development of optimized aircraft seals, regional expansion, and mergers & acquisitions are the key strategies adopted by the major players to gain a competitive edge in the market.

Regional Hegemony of North America

Based on the region, 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 the 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). China, Japan, and India will be the growth engines of the region’s market in coming years.

Comprehensive Market Coverage

Click Here for Other Reports from Stratview Research in the Aerospace & Defense Industry: https://www.stratviewresearch.com/market-reports/Aerospace-Defense.html

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This release was published on openPR.