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Aircraft Seals Market Worth 1,097.2 Million USD by 2022


News provided by

MarketsandMarkets

14 Feb, 2018, 16:30 GMT

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PUNE, India, February 14, 2018 /PRNewswire/ --

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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.

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Browse 62 tables and 34 figures spread through 117 pages and in-depth TOC on "Aircraft Seals Market - Global Forecast to 2022"


https://www.marketsandmarkets.com/Market-Reports/aircraft-seal-market-95040283.html

Early buyers will receive 10% customization on this report 

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 subsegment 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.

Download PDF Brochure : https://www.marketsandmarkets.com/pdfdownload.asp?id=95040283

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.

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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.

Browse Related Reports 

Aircraft Heat Exchanger Market by Application (Environmental Control System and Engine System), Type (Plate-fin, Flat Tube), Vendor (OEM, Aftermarket), Platform (Fixed-Wing Aircraft, Rotary-Wing Aircraft, and UAVs), and Region - Global Forecast to 2022
https://www.marketsandmarkets.com/Market-Reports/aircraft-heat-exchanger-market-20018090.html

Aircraft Propeller System Market by End-Use Industry (OEM, Aftermarket), Propeller Type (Fixed Pitch, Varying Pitch), Aircraft Type (Military, Civil & Commercial), Component (Blade, Hub, Spinner, Others), & Region - Global Forecast to 2022
https://www.marketsandmarkets.com/Market-Reports/aircraft-propeller-system-market-242092633.html

Subscribe Reports from Aerospace & Defence  Domain @ http://www.marketsandmarkets.com/Knowledgestore.asp

About MarketsandMarkets™  

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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