Dublin, Feb. 23, 2018 (GLOBE NEWSWIRE) -- 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.
In this report, the aircraft seals market has also been analyzed with respect to regions, namely, North America, Europe, Asia Pacific, and Rest of the World. The market growth in North America is primarily driven by the US and Canada. Both countries house some of the leading aircraft manufacturers and engine OEMs, which are the prime end-users of aircraft seals. The Asia Pacific aircraft seals market is projected to grow at the highest rate during the forecast period. This high growth rate can be attributed to the increase in air travel due to rising disposable income in the region. Since seals are one of the vital components of aircraft, the increasing commercial aircraft fleet will drive the demand for aircraft seals.
The growth in global air travel and subsequent demand for new commercial & business aircraft, and the increased defense spending by developing countries, such as China and India, coupled with the growing demand for new fighter jets are major factors driving the growth of the aircraft seals market. However, recyclability issues of composite materials and backlogs in aircraft deliveries are expected to hinder the market growth. Additionally, issues associated with quality accreditations act as a challenge for the growth of the market. On the other hand, developments in additive manufacturing technology offer key growth opportunities to manufacturers of aircraft seals.
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.
Key Topics Covered:
1. Introduction
1.1 Objectives Of The Study
1.2 Definition
1.3 Study Scope
1.4 Currency
1.5 Limitations
1.6 Stakeholders
2. Research Methodology
2.1 Research Data
2.2 Market Size Estimation
2.3 Market Breakdown And Data Triangulation
2.4 Assumptions
3 Executive Summary
4. Premium Insights
4.1 Attractive Opportunities In Aircraft Seals Market
4.2 Civil Aircraft Platform Segment, By Sub-Segment
4.3 European Aircraft Seals Market, By Platform & Country
4.4 Apac Aircraft Seals Market, By Vendor
4.5 Aircraft Seals Market, By Country
5. Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growth In Global Air Travel And Subsequent Demand For New Aircrafts
5.2.1.2 Increase In Defense Spending Coupled With Growing Demand For Fighter Jets
5.2.1.3 Potential Replacement Of Existing Aircraft Seals
5.2.2 Restraints
5.2.2.1 Recyclability Issue Of Composite Materials
5.2.2.2 Backlogs In Aircraft Deliveries
5.2.3 Opportunities
5.2.3.1 Developments In The Additive Manufacturing Technology
5.2.4 Challenges
5.2.4.1 Issues Associated With Quality Accreditations
6. Industry Trends
6.1 Introduction
6.2 Technology Overview
6.3 Supply Chain Analysis
6.4 Porter's Five Forces Analysis
6.5 Innovations & Patent Registrations
7. Aircraft Seals Market, By Application
7.1 Introduction
7.2 Engine System
7.3 Airframe
7.4 Flight Control & Hydraulic System
7.5 Landing Gear System
8. Aircraft Seals Market, By Vendor
8.1 Introduction
8.2 OEM
8.3 Aftermarket
9. Aircraft Seals Market, By Platform
9.1 Introduction
9.2 Civil Aircraft
9.2.1 Commercial Passsenger & Cargo Aircraft
9.2.1.1 Narrow Body Aircraft
9.2.1.2 Regional Transport Aircraft
9.2.1.3 Wide Body Aircraft
9.2.1.4 Very Large Aircraft
9.2.2 General Aviation Aircraft
9.2.2.1 Business Aircraft
9.2.2.2 Light Aircraft
9.2.3 Civil Helicopter
9.3 Military Aircraft
9.3.1 Fighter Aircraft
9.3.2 Transport Carrier
9.3.3 Military Helicopter
10. Aircraft Seals Market, By Region
11. Competitive Landscape
11.1 Overview
11.2 Ranking Of Players, 2016
11.3 Competitive Situation And Trends
12. Company Profiles
- Eaton
- Esterline Technologies
- Brown Aircraft Supply
- Hutchinson
- Meggitt
- Parker Hannifin
- Saint-Gobain
- SKF
- Technetics Group
- Trelleborg Sealing Solutions
For more information about this report visit https://www.researchandmarkets.com/research/vfcwbt/1_billion?w=12