Stratview Research announces the launch of a new market research report on Global Aircraft Seals Market by Aircraft Type (Commercial Aircraft, Regional Aircraft, General Aviation, Helicopter, and Military Aircraft), by Application Type (Engine, Airframe, Interior, Flight Control Surfaces, Landing Gear and Wheels & Brakes, and Others), by Motion Type (Static and Dynamic), by Function Type (Aerodynamic surface Seals, Air and Fluid Handling, Fire Seals, Conductive Seals, Insulative Seals, and Others), by Material Type (Polymers, Metals, and Composites), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2017-2022.
This 275-pages market report, from Stratview Research, studies the aircraft seals market over the period 2011 to 2022. The research report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Seals Market in the Global Aircraft Industry: Highlights
As per Stratview Research, the global aircraft seals market offers healthy growth opportunity of 5.3% CAGR during the forecast period of 2017 to 2022 and reach an estimated $1,067 million in 2022. The author of the report stated that 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.
The research’s findings suggest that commercial aircraft is expected to remain the growth engine of the global aircraft seals market during the forecast period of 2017 to 2022. Increasing commercial aircraft deliveries to support rising passenger traffic, 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.
Based on application type, engine system is expected to remain the most dominant application in the aircraft seals market during the forecast period of 2017 to 2022. Seals are used in a wide array of engine applications including engine and pylon seals, thrust reverser seals, bleed air seals, fire seals, air inlet screens, vane grommets elastomeric gaskets, and shaft seals.
Polymer-based seal is expected to remain the largest segment of the global aircraft seals market during the forecast period, whereas composite-based 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.
As per the study, 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 higher 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 global market for aircraft seals is found to be moderately consolidated, as per the research study. The key aircraft seal manufacturers globally 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 major players to gain a competitive edge in the market.
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 on 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:
This report studies the seals market in the global aerospace industry and has segmented the market in six ways, keeping in mind the interest of all the stakeholders across the value chain. The following are the six ways in which the market is segmented:
Global Aircraft Seals Market, By Aircraft Type
Global Aircraft Seals Market, By Application Type
Global Aircraft Seals Market, By Motion Type
Global Aircraft Seals Market, By Function Type
Global Aircraft Seals Market, By Material Type
Global Aircraft Seals Market, By Region
Stratview Research has number of high value market reports in the global aerospace & defense industry. Please refer to the following link to browse through our reports:
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