Press release
The Aircraft Aerodynamic Seals Market to experience an impressive growth to reach US$ 494.7 million in 2023
Addressing the most sought-after questions that occupy the minds of entrepreneurs and decision makers, the new report of "Stratview Research" on the Aircraft Aerodynamic Seals Market, answers all the important questions.Getting to the bare bones of the issues and factors which are sculpturing the market, Stratview Research brings out the best actionable market intelligence for the global Aircraft Aerodynamic Seals Market.
The analysts have scrupulously studied the trend and cautiously forecasted the future market developments for 2018-2023.
The important questions the report answers are:
1. What will be the market growth rate in the near future?
2. What are the major developments in the market wrt regulations, acquisitions and innovations?
3. What are the growth drivers as well as the constraints?
4. What are the regional growth hotspots?
5. What are the segmental growth forecasts?
These questions and many more, big and small, are all discussed in the report in great detail.
Get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/329/Aircraft-Aerodynamic-Seals-Market.html
Aircraft Aerodynamic Seals Market Insights
Seals are used in the multiple areas of an aircraft in order to serve a wide array of functions including aerodynamics, fire resistance, conduction, insulation, and air and fluid handling. Aerodynamic seals are the most widely used in an aircraft in terms of both value and units sold and account for more than 40% of the total aircraft seals market. Aerodynamic seals in an aircraft are exposed to a wide range of challenging and operating conditions, such as high temperature, pressure, aggressive chemicals, high frequency of oscillation, and the threat of fire and explosion. It becomes necessary to select a sealing material that can handle such extreme circumstances. The most commonly used materials in aircraft aerodynamic seals are polymers, which comprise elastomers, such as silicone, fluorosilicone, PTFE, rubber, and thermoplastics.
The strategic Market dissection
The dissection of the market is done to enlighten the aspects which are of interest to firms across the value chain.
Dissection by Segments
Application Type Airframe, Landing gear etc.
Motion Type Static & Dynamic Applications
Aircraft Type Commercial aircraft, military aircraft etc.
Material Type Polymer Seals, Composite Seals, Metal seals
by Region North America, Europe, Asia-Pacific, and RoW
The Growth Prognosis & its Drivers
The global aircraft aerodynamic seals market is projected to grow at a healthy rate over the next five years to reach US$ 494.7 million in 2023. Increasing production rates of commercial aircraft are primarily driving the demand for aerodynamic seals. Both major commercial aircraft manufacturers, Boeing and Airbus, are incessantly increasing the production rates of their best-selling aircraft in order to meet such huge order backlogs. At the same time, both have strategically been launching fuel-efficient version of their best-selling aircraft programs to have a better grip on the market growth. Currently, Boeing and Airbus had a combined total order backlog of 13,090 commercial aircraft as of 31 March 2018. Owing to this factor, it is estimated that there would have a sustained demand for aerodynamic seals in the foreseeable future.
The Hegemony of Esterline Technologies Corporation.
The key aircraft aerodynamic seal manufacturers are Hutchinson SA, Trelleborg AB, Meggitt Plc, Esterline Technologies Corporation, Freudenberg Group, and Parker Hannifin Corporation. The development of lightweight seals with low friction as well as wear and abrasion resistance, regional expansion, and the execution of mergers & acquisitions are the key strategies adopted by the key players to gain a competitive edge in the market.
Table Of Contents: https://www.stratviewresearch.com/toc/329/Aircraft-Aerodynamic-Seals-Market.html
The undisputed Dominance of the North America
North America is expected to remain the largest aircraft aerodynamic seals market during the forecast period, whereas Asia-Pacific is expected to experience the highest growth during the same period. The highest growth of Asia-Pacific region is driven by a host of factors including increasing demand for commercial aircraft to support rising passenger traffic, the opening of assembly plants of Boeing and Airbus in China, upcoming indigenous commercial and regional aircraft (COMAC C919 and Mitsubishi MRJ), and rising aircraft fleet size.
Emerging Trends: Airframe is expected to remain the most dominant application
Based on the application type, the global aircraft aerodynamic seals market is segmented as Airframe; Flight Control Surfaces; Landing Gear, Wheels & Brakes; and Others. The airframe is expected to remain the most dominant application segment of the aircraft aerodynamic seals market during the forecast period. Aerodynamic seals are used in a wide spectrum of airframe applications, such as molded seals for doors & hatches, wings and fuselage fairings, and cabin windows.
Click Here for Other Reports from Stratview Research in the Aerospace & Defence Industry: https://www.stratviewresearch.com/market-reports/Aerospace-Defense.html
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