The Aircraft Seals by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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https://www.thebusinessresearchcompany.com/report/aircraft-seals-global-market-report
According to The Business Research Company’s Aircraft Seals, The aircraft seals market size has grown strongly in recent years. It will grow from $2.05 billion in 2023 to $2.24 billion in 2024 at a compound annual growth rate (CAGR) of 9.7%. The growth in the historic period can be attributed to rise in air travel, increase in demand for hybrid and electric propulsion aircraft, increasing military spending and rising disposable income.
The aircraft seals market size is expected to see strong growth in the next few years. It will grow to $3.16 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%. The growth in the forecast period can be attributed to growing demand for small aircraft, increase in passenger air traffic, growing demand for new fighter jets in developing countries and growing urbanization. Major trends in the forecast period include focusing on the advance sealing products, developing low temperature fluoroelastomer sealing, developing ultra-high temp seal, undergoing partnerships and collaborations, innovation through research and development and strategic investments.
The increased demand for hybrid and electric propulsion is expected to propel the demand for the aircraft seals market. Aircraft seals are used as a component that fills gaps between mating surfaces on civilian, military, and commercial aircraft. The innovation of modern aircraft configurations with hybrid-electric propulsion reflects the growing demand for environmentally friendly aviation and shorter travel times. These modern aircraft use hybrid and electric aircraft seals to bind assembly applications, which helps reduce the overall weight of aircraft and fuel consumption while ensuring safety. For instance, in April 2021, Airbus created the Ascend program to demonstrate electric or hybrid-electric propulsion, combining liquid hydrogen and superconductive technologies targeting a minimum of 50% reduction in powertrain weight and electrical losses while increasing efficiency by 5-6% compared to conventional technologies. Therefore, the increase in demand and development of hybrid and propulsion aircraft will drive the aircraft seals market.
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The aircraft seals market covered in this report is segmented –
1) Aircraft Seals Market By Type: Dynamic Seals, Static Seals
2) Aircraft Seals Market By Material: Composites, Polymers, Metals
3) Aircraft Seals Market By Distribution: OEM, Aftermarket
4) Aircraft Seals Market By Application: Engine System, Airframe, Avionics And Electrical System, Flight Control And Hydraulics System, Landing Gear System
5) Aircraft Seals Market By End User: Commercial Aircraft, Military Aircraft
Top Major Players
Parker Hannifin Corporation
Meggitt PLC
Trelleborg Sealing Solutions
Saint Gobain S.A.
Eaton Corporation
The use of advanced sealing solution products is a key trend gaining popularity in the aircraft seals market. Major players in the market are focusing on advanced sealing products to improve their product portfolio. For instance, in March 2021, Trelleborg, a Sweden-based engineering group focused on polymer technology, launched Turcon VL Seal II. It provides high-performance sealing in flight control actuators and landing gear shock absorbers. This new generation seal provides improved sealing efficiency, simplified installation, and increased reliability. The product has a unidirectional rod seal for reciprocating movements that is powered by an O-ring. Its novel design combines the Turcon VL Seal’s unique back pumping capability by entailing zero’ leakage performance, extending service life, and minimizing planned maintenance.
The aircraft seals market report table of contents includes:
1. Executive Summary
2. Aircraft Seals Market Characteristics
3. Aircraft Seals Market Trends And Strategies
4. Aircraft Seals Market – Macro Economic Scenario
5. Global Aircraft Seals Market Size and Growth
….
32. Global Aircraft Seals Market Competitive Benchmarking
33. Global Aircraft Seals Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Aircraft Seals Market
35. Aircraft Seals Market Future Outlook and Potential Analysis
36. Appendix
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