Scenario:
Market Research Future (MRFR) has announced a new release on the global aircraft seals market. The report takes a look at the possible future of the market on the basis of the historical trends observed in the aircraft seals market and the current position of the market. The macroeconomic and microeconomic factors driving the global aircraft seals market’s growth are studied in the report, in addition to the major drivers and restraints affecting the development trajectory of the market.
Aircraft seals are vital ingredients in aircraft and are mainly used to prevent cross-flow of fluids in high-pressure situations and protect aircraft components. Due to the heavy pressures and temperatures on play in aircrafts, the aircraft seals market has taken up an important role in the global aviation industry. Aircraft seals help ensure a long service life by reducing the friction between multiple components at high temperatures and pressures. The global aircraft seals market has been driven at a significant rate in recent years due to the development of distinct materials for use in specific parts of an aircraft, which necessitates the use of specific sealing materials and techniques. The need for lightweight materials in aircraft construction has also been a crucial factor in shaping the development of the aircraft seals market. The design of aircraft seals can be a major part of how an aircraft functions, as aircraft seals play an invaluable role in physically holding an aircraft together at high temperatures and high pressures. This is likely to be a major driver for the global aircraft seals market over the forecast period.
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The leading driver for the aircraft seals market is the growing demand for aircraft around the world. Military enhancement efforts have raised the need for fighter jets, while commercial passenger airliners are also booming due to the growing demand for air travel. Growing consumer disposable income is likely to make this an important driver for the global aircraft seals market over the forecast period. On the other hand, issues regarding the recyclability of composite materials used in aircraft construction are likely to be a major restraint on the aircraft seals market.
Segmentation:
The global aircraft seals market is segmented on the basis of aircraft type, seal type, application, platform, vendor type, and material.
By aircraft type, the global aircraft seals market is segmented into fixed wing and rotary wing aircraft. The fixed wing aircraft segment is likely to remain the dominant contributor to the global aircraft seals market due to the growing demand for fighter and commercial planes.
By seal type, the market is segmented into dynamic and static; the former is further subdivided into contact seals and clearance seals, while the latter is divided into O-rings & gaskets, and other seals. Dynamic seals are likely to be the major revenue generator in the global aircraft seals market over the forecast period, as they provide a suitable solution to holding moving parts in place and reducing friction in the same.
By application, the aircraft seals market is segmented into engine, airframe, flight control system, landing gear, wheels and brakes, and others. Engine seals are likely to dominate the global aircraft seals market over the forecast period, as aircraft engines can witness significant temperatures as well as pressures and maintaining smooth function in spite of these conditions is absolutely vital in the engine.
By platform, the global aircraft seals market is divided into military and commercial. Commercial aircraft are likely to remain the leading contributor to the global aircraft seals market due to the growing demand for new commercial jets.
By vendor, the global aircraft seals market is segmented into OEMs and aftermarket. OEMs are expected to dominate the aircraft seals market over the coming years.
By material, the market is segmented into composites, polymers, and metals. The composites segment is likely to lead the global aircraft seals market in the coming years due to their higher heat resistance and easy machinability.
Regional Analysis:
Regionally, the global aircraft seals market is likely to be dominated by North America, due to the presence of a number of leading players in the global aircraft seals market and the growing demand for innovations in aviation. The strong presence of aircraft MRO facilities in the U.S. and Canada is also a major driver for the aircraft seals market in North America.
Asia Pacific is expected to follow North America in the global standings of the aircraft seals market due to the growing demand for fighter jets from emerging countries such as China, India, and Pakistan, and the rising volume of commercial air travel in the region.
Competitive Analysis:
Leading players in the global aircraft seals market include Eaton Corporation, Meggitt plc, SKF, Brown Aircraft Supply Inc., Saint-Gobain, Technetics Group, Hutchinson SA, Trelleborg Sealing Solutions, Parker Hannifin Corporation, and Esterline Technologies Corporation.
Industry Updates:
In 2018, Meggitt plc signed a contract with AvCorp and Vought Aircraft to supply wheel well, nacelle, and aerodynamic seals.
In 2016, Trelleborg acquired CoorsTek Inc., a company specializing in the manufacturing of precision seals for aviation applications.
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