The Aircraft Seals Global Market Report 2023 by The Business Research Company, provides aircraft seals market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032
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According to The Business Research Company’s Aircraft Seals Global Market Report 2023, the market size grew from $1.84 billion in 2022 to $1.97 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The aircraft seals market size is expected to grow to $2.69 billion in 2027 at a CAGR of 8.0%.
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 the 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.
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The aircraft seals market is segmented:
1) By Type: Dynamic Seals, Static Seals
2) By Material: Composites, Polymers, Metals
3) By Distribution Channel: OEM, Aftermarket
4) By Application: Engine System, Airframe, Avionics And Electrical System, Flight Control And Hydraulics System, Landing Gear System
5) By End User: Commercial Aircraft, Military Aircraft
Technological advancement is a key trend gaining popularity in the aircraft seals market. Major companies operating in the aircraft seals market are focused on providing technologically advanced solutions to strengthen their market position. These companies are implementing next-generation technologies into their frameworks, such as aero-engine sealing technology, hydraulics system, avionics & electrical system, fluid dynamics, and others, to protect the safeguard valves, storage areas, and other infrequently used areas. For instance, in April 2020, Trelleborg, a Sweden-based polymer technology company, launched a next-generation ultra-high temp seal. These ultra-high temp fire seals are used in the fuselage, pylons, thrust reversers, and engine applications to act as a barrier to prevent airflow from one area of a plane to another during normal operating conditions.
Top 5 Major Key Players Are:
Trelleborg Sealing Solutions
Saint-Gobain S.A
Du Pont
Parker Hannifin Corporation
Regal Rexnord Corporation
Table Of Contents
1. Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
……
19. Key Mergers And Acquisitions
20. Opportunities And Strategies
21. Aircraft Seals Market, Conclusions And Recommendations
22. Appendix
23. Copyright and Disclaimer
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