Global Aircraft seals Market is Estimated to Reach $1.3 Billion by 2025, Says Accurize Market Research
Global aircraft seals market report published by Accurize Market Research forecast that the global market is expected to reach $1.3 billion by 2025; growing at a CAGR of 4.9% from 2017 to 2025. By geography, Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
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Upsurge in worldwide air travelling and successive demand for new commercial & business aircrafts across the globe to drive the growth of the market
Upsurge in worldwide air travelling and successive demand for new commercial & business aircrafts fuelsthe demand for the global aircraft seals market.Furthermore,increased defense expenditure in developing countries also boosts the growth of the market.
The global aircraft seals market has been bifurcated on the basis of type, vendor, application, platform, material and geography. On the basis of application, the aircraft seals market is segmented into engine system, airframe, flight control & hydraulic system and landing gear system. By material segment, the aircraft seals market is divided into polymers & composites and metals. On the basis of platform, it is segregated into civil and military aircraft. The vendor segment is divided into OEM and aftermarket. On the basis of type, the aircraft seals market is segmented into dynamic and static steal.
By geography the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). The U.S. and Canada are countries under North America wherein Europe covers U.K, Germany, France and others. Asia-Pacific covers China, India, Japan, and rest of Asia-Pacific. RoW covers South America, Middle East and Africa.
“Engine system is expected to be the major application segment in the application segment”, says accurize
By application segment,engine system is expected to be the major 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 are estimated to account for the largest share of the aircraft seals market during the forecast period. The upsurge in demand for lightweight components is one of the main significant factors driving the growth of the polymers & composites segment of the aircraft seals market.
Top players in the market
The key market players include Trelleborg,SKF,Parker Hannifin,Brown Aircraft Supply, Hutchinson,Eaton,Technetics,Saint-Gobain,Esterline, and Meggitamong others.
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