Aircraft Seals Market Scenario
A seal is one of the vital components of an aircraft and prevents the passage, flow, or leakage of gas or fluid between flaps, slats, access panels, doors and other parts of the aircraft. It is designed to provide long service life and low friction for extreme pressure applications over a wide temperature range. Of late, companies are investing in technology development to produce materials in response to the wide variety of applications, including aircraft gearboxes, air turbine motor starters, and main shaft seals for both aircraft turbine engines and aircraft auxiliary power units.
As a result, the higher investments are being made on the development of highly durable aircraft seals to withstand high temperatures. This would positively impact the market growth during the forecast period. However, one of the major restraints of the market is recyclability issues of composite materials and backlogs in aircraft deliveries.
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The factors responsible for the growing use of aircraft seals are the increasing demand for new commercial and business aircraft, increased defense spending, replacement of old aircraft seals, and growing demand for new fighter jets in developing countries, such as China and India. There were several contracts that fueled the market growth.
In 2018, Meggitt Plc signed a contract with Canadian AvCorp and Vought Aircraft to supply wheel well, nacelle, and aerodynamic seals. Similarly, in the year 2016, Trelleborg Sealing Solutions acquired CoorsTek Inc., which 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 providing effective sealing solutions for major aircraft programs.
Aircraft Seals Market Key Players
The key players in the 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)
- Technetics Group (U.S.)
Aircraft Seals Market, By Segmentation and Geogrpahic Overview
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 materials 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.
Based on application, it is expected that the engine system segment would witness the largest demand in the global market, during the forecast period, due to the high price associated with seal as it designed to withstand high temperatures. Brush seals, kiss seals, hydrodynamic seals, abradable seals, and metals seals are mainly used in aircraft engines. Based on the vendor, the OEM segment is expected to witness the largest demand due to increase in demand for new aircraft. Based on the platform, the commercial aircraft segment is estimated for largest share due to growing air passenger traffic and rising demand for new commercial aircraft. Based on aircraft type, the fixed-wing segment is expected to witness the largest demand due to increase in demand for commercial and business aircraft.
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On the basis of region, the market is segmented into North America, Asia Pacific, Europe, the Middle East & Africa, and Latin America. North America is expected to dominate the market in the future, due to the presence of leading aircraft manufacturers and engine OEMs. Furthermore, the increased deliveries of commercial aircraft and the presence of MRO facilities in the U.S. and Canada have contributed to the high demand for aircraft seals. Asia Pacific region follows the North American region in the global market due to increased air travel because of the rising per capita disposable income in the region.
Thus, the aircraft seals market is estimated to witness rapid growth, at a CAGR of approximately 5% during 2018 to 2023.
Scope Of Report
The report for Aircraft Seals Market of Market Research Future comprises extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macroeconomic and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Major Table Of Contents
1 Executive Summary
2 Scope Of The Report
3 Market Landscape
4 Market Dynamics
5 Aircraft Seals Market, By Seal Type
6 Aircraft Seals Market, By Material
7 Aircraft Seals Market, By Application
8 Aircraft Seals Market, By Vendor
9 Aircraft Seals Market, By Platform
10 Aircraft Seals Market, By Aircraft Type
11 Aircraft Seals Market, By Region
12 Competitive Landscape
13 Company Profile
List Of Tables
List Of Figures
Taste the market data and market information presented through market data tables and figures spread in 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Aircraft Seals Market Information from 2017 to 2023″ @ https://www.marketresearchfuture.com/reports/aircraft-seals-market-6115
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