Aircraft Seals Market Compressive Growth In Near Future Years With Segmentation, Growth 2020
Research Reports
Jan 10, 2021
Aircraft Seals Market 2019 Market report examines growth, size, share, trend, top key players & global future prospects 2023
An aircraft seal is a vital component of an aircraft that prevents the passage, flow, or leakage of gas or fluid between access panels, doors, flaps, slats, and other parts of the aircraft. Abradable seals, brush seals, hydrodynamic seals, kiss seals, and metals seals are mainly used in aircraft engines. Market Research Future (MRFR) has published a research report about the global aircraft seals market that reckons rise for this market at 5% Compound Annual Growth Rate (CAGR) between 2018 and 2023.
The most influential market drivers for the global aircraft seals Market include growing demand for new fighter jets in developing countries, increased defense spending, increasing demand for new commercial as well as business aircraft, and replacement of old aircraft seals.
The global aircraft seals market segmentation has segmented the market into aircraft type, application, material, platform, seal type, vendor, and region. Based on aircraft type, this market has been segmented into fixed wing aircraft and rotary wing aircraft. Regarding application, the market has been segmented into engine airframe, flight control system, landing gear, wheels & brakes, and others.
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Global Aircraft Seals Market Key Players
The key players in the global aircraft seals market include Brown Aircraft Supply Inc. (USA), Eaton Corporation (Ireland), Esterline Technologies Corporation (USA), Hutchinson SA (France), Meggitt Plc (UK), Parker Hannifin Corporation (USA), Saint-Gobain (France), SKF (Sweden), Technetics Group (USA), and Trelleborg Sealing Solutions (Sweden).
The material-based segmentation segments the Market into composites, metals, and polymers. Regarding platform, the market has been segmented into commercial aircraft and military aircraft. In the context of the vendor, the market has been segmented into original equipment manufacturer (OEM) and aftermarket.
By seal type, the market has been segmented into the dynamic seal and static seal. Dynamic seal segment has been sub-segmented into contact seal and clearance seal. Static seal segment has been sub-segmented into O-Rings & gasket and other seals.
The regional segmentation of the global aircraft seals market segments the market into the regional markets that are North America, Latin America, Asia Pacific, Europe, and the Middle East & America (MEA). In North America, the presence of leading aircraft manufacturers and maintenance repair operations (MRO) facilities contribute to the high demand for aircraft seals that lead to market growth. Due to technological advancement, the United States of America (USA) and Canada are the most important country-specific markets in this region.
In Europe, the market is strong due to technological advancement, presence of many key market players, presence of the strong military, demand for advanced aircrafts, and high disposable income that makes air travel affordable to most people. The notable country-specific markets in this region are France, Germany, Russia, and the UK, followed by the remaining countries of Europe.
In the Asia Pacific region, the market can grow during the forecast period due to the growing demand for new fighter jets in developing countries like China and India. After North America, the Asia Pacific region is the biggest regional market due to increased air travel due to the rising per capita disposable income in the region. Another major technologically advanced country-specific market is Japan, followed by remaining countries of the Asia Pacific region.
The market in Latin America is smaller due to this region being less advanced technologically, compared to North America. In the MEA region, the market is limited due to the limited availability of technology and lack of skilled labor.
Latest Market News
- All Nippon Airways (ANA) is now using Mobil JetTM Oil 387 in the engines and generators of its latest Airbus A380 wide-body aircraft. The main benefits of Mobil Jet Oil 387 include outstanding deposit control and seal compatibility. 24 MAY 2019
- Due to the faulty seal that triggered a three-month delivery halt, IndiGo has opted for Pratt & Whitney-powered engines for the first 150 of its A320neos jets. 7 MAY 2019
Aircraft Seals Market Research Report: Information by Seal Type (Dynamic and Static), Aircraft Type (Fixed Wing and Rotary Wing), Material (Composites, Polymers, and Metals), Application (Engine, Airframe, Flight Control System, Landing Gear, Wheels & Brakes, and Others), Vendor (OEM and Aftermarket), Platform (Commercial and Military), and Region (North America, Asia Pacific, Europe, the Middle East & Africa, and Latin America)—Forecast till 2025 @ https://www.marketresearchfuture.com/reports/aircraft-seals-market-6115
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