DUBLIN--(BUSINESS WIRE)--The "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" report has been added to ResearchAndMarkets.com's offering.
The aircraft seals market is projected to grow from USD 866.7 million in 2017 to USD 1,097.2 million by 2022, at a CAGR of 4.83% from 2017 to 2022.
The growth in global air travel and the subsequent demand for new commercial & business aircrafts, and the increased defense spending by developing countries, such as China and India, coupled with the growing demand for new fighter jets are key factors driving the growth of the aircraft seals market.
However, the recyclability issue of composite materials and backlogs in aircraft deliveries are projected to hinder the market growth. In addition, issues associated with quality accreditations act as a key challenge to the growth of the market. On the other hand, developments in the additive manufacturing technology offer key growth opportunities to manufacturers of aircraft seals.
North America is currently the largest market for aircraft seals, followed by Europe and Asia Pacific. The growth of the North America aircraft seals market is primarily driven by the US and Canada, with both countries housing some of the leading aircraft manufacturers and engine OEMs, such as Boeing (US), Bombardier (Canada), and Pratt & Whitney (US), which are the prime end-users of aircraft seals. Increase in commercial and business aircraft fleet size is positively influencing the market growth in this region.
Leading players in the aircraft seals market include Trelleborg (Sweden), Hutchinson (France), Technetics (US), Esterline (US), and Meggit (UK).
Key Topics Covered:
2. Research Methodology
3 Executive Summary
4. Premium Insights
5. Market Overview
6. Industry Trends
7. Aircraft Seals Market, By Application
8. Aircraft Seals Market, By Vendor
9. Aircraft Seals Market, By Platform
10. Aircraft Seals Market, By Region
11. Competitive Landscape
12. Company Profiles
- Esterline Technologies
- Brown Aircraft Supply
- Parker Hannifin
- Technetics Group
- Trelleborg Sealing Solutions
For more information about this report visit https://www.researchandmarkets.com/research/vpfnml/aircraft_seals?w=4