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 of this market can be attributed to the increase in global air travel and the subsequent demand for new commercial & business aircraft, and the increased defense spending by developing countries, such as China and India, coupled with growing demand for new fighter jets.
Based on application, the aircraft seals market is segmented into engine system, airframe, flight control & hydraulic system, and landing gear system. The engine system segment is expected to be the largest application segment of the aircraft seals market during the forecast period. The seals used for this application are designed to withstand high temperatures and are often more expensive than the ones used in airframes and other surfaces.
By material, the polymers & composites segment is estimated to account for the largest share of the aircraft seals market in 2017. The increase in demand for lightweight components is one of the significant factors driving the growth of the polymers & composites segment of the aircraft seals market.
The dynamic seal segment is the largest type segment of the aircraft seals market. An aircraft has various machine components that move relative to each other and dynamic seals are suitable for sealing the passages between them. Therefore, the demand for dynamic seals is more in aircraft as compared to the static seals.
By platform, the civil aircraft segment is estimated to account for the largest share of the aircraft seals market in 2017. This segment is mainly driven by the growing air passenger traffic and rising demand for new commercial and business aircraft.
Based on vendor, the aircraft seals market is segmented into OEM and aftermarket. The OEM segment is estimated to account for the larger share of the aircraft seals market owing to the increase in demand for new aircraft, such as wide-body aircraft, globally.
Leading players in the aircraft seals market include Trelleborg (Sweden), Hutchinson (France), Technetics (US), Esterline (US), and Meggit (UK). Mergers & acquisitions and expansions were the growth strategies most commonly adopted by the top market players.
- Esterline Technologies
- Brown Aircraft Supply
- Parker Hannifin
- Technetics Group
- Trelleborg Sealing Solutions
Key Topics Covered
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Aircraft Seals Market, By Type
8 Aircraft Seals Market, By Application
9 Aircraft Seals Market, By Material
10 Aircraft Seals Market, By Vendor
11 Aircraft Seals Market, By Platform
12 Aircraft Seals Market, By Region
13 Competitive Landscape
14 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/kx6pk7/global_aircraft?w=4