According to the latest market research
report "Aircraft Seals Market by Type (Dynamic and Static),
Application (Engine, Airframe, Flight Control System, and Landing Gear),
Material (Composites & Polymers and Metals), Vendor (OEM and Aftermarket),
Platform, and Region - Global Forecast to 2022", published by
MarketsandMarkets™, the market is estimated to be USD
866.7 Million in 2017 and is projected to reach USD 1,097.2 Million by 2022, at a CAGR of 4.83% from
2017 to 2022. This projected growth can be attributed to the increased
deliveries of commercial aircraft and the rising demand for repair and
maintenance of existing aircraft seals.
Browse 62 tables and 34 figures
spread through 117 pages and in-depth TOC on "Aircraft Seals Market - Global Forecast to
2022"
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The civil aircraft segment is the largest
platform segment of the aircraft seals market
Based on platform, the aircraft seals market has
been segmented into civil aircraft and military aircraft, which includes
fixed-wing aircraft and rotary-wing aircraft. The civil aircraft segment is
mainly driven by the increase in deliveries of commercial aircraft. Growing
demand for short-haul flights is one of the key factors driving the commercial
aircraft sub segment of the civil aircraft segment, which, in turn, is expected
to drive the demand for aircraft seals in the civil aircraft segment.
The flight control & hydraulic system
application segment is projected to grow at the highest CAGR during the
forecast period
Based on application, the aircraft seals market
has been segmented into engine system, landing gear system, airframe, and
flight control & hydraulic system. The flight control & hydraulic
system segment covers the market for aircraft seals used in components such as
primary flight controls, secondary flight controls, auxiliary power units,
power transmission units, and pumps & motors. The seals used in these
applications undergo heavy wear and tear and require significant maintenance
and repair.
North America is
the largest market for aircraft seals
North America is
estimated to account for the largest share of the aircraft seals market in
2017. Countries considered for the market analysis of this region include the
US and Canada. The US is the leading market
for aircraft seals in North America.
Increasing deliveries of commercial aircraft and the presence of maintenance
and repair facilities in the US and Canada have
contributed to the high demand for aircraft seals in the North American region.
The presence of key manufacturers of aircraft seals in the US is another
significant factor influencing the growth of the aircraft seals market in North America. The market in Asia Pacific is projected to grow at the highest
rate during the forecast period. This high growth can be attributed to the
increase in air travel due to rising disposable incomes. Since a seal is one of
the vital components of an aircraft, the increasing commercial aircraft fleet
will drive the demand for aircraft seals.
Inquiry before Buy:
Key companies profiled in the aircraft seals
market include Brown Aircraft Supply (US), Eaton Corporation (Ireland), Esterline Technologies (US), Meggitt
(UK), Parker Hannifin (US), Saint-Gobain
Performance Plastics (France), SKF (Sweden), and Trelleborg (Sweden).
These companies are focused on the adoption of various growth strategies to
enhance their presence in emerging economies worldwide.
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