Aircraft Seals Global Market 2024 - By Share, Growth, Demand, Trends, Forecast To 2033

Global aircraft seals market size is expected to reach $3.16 Bn by 2028 at a rate of 9.0%, segmented as by type, dynamic seals, static seals

Jul 10, 2024 - 11:58

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Aircraft Seals Global Market 2024 - By Share, Growth, Demand, Trends, Forecast To 2033

aircraft seals market

The aircraft seals market size is expected to see strong growth in the next few years. It will grow to $3.16 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%. The growth in the forecast period can be attributed to growing demand for small aircraft, increase in passenger air traffic, growing demand for new fighter jets in developing countries and growing urbanization. Major trends in the forecast period include focusing on the advance sealing products, developing low temperature fluoroelastomer sealing, developing ultra-high temp seal, undergoing partnerships and collaborations, innovation through research and development and strategic investments.

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Segmentation & Regional Insights
The aircraft seals market covered in this report is segmented –
1) By Type: Dynamic Seals, Static Seals
2) By Material: Composites, Polymers, Metals
3) By Distribution: 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

North America was the largest region in the aircraft seals market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aircraft seals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
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 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. For instance, in April 2021, Airbus created the Ascend program to demonstrate electric or hybrid-electric propulsion, combining liquid hydrogen and superconductive technologies targeting a minimum of 50% reduction in powertrain weight and electrical losses while increasing efficiency by 5-6% compared to conventional technologies. Therefore, the increase in demand and development of hybrid and propulsion aircraft will drive the aircraft seals market.

Key Industry Players
Major companies operating in the aircraft seals market report are Parker Hannifin Corporation, Meggitt Plc, Trelleborg Sealing Solutions, Saint Gobain S.A., Eaton Corporation, TransDigm Group Incorporated, Freudenberg Group, Hutchinson SA, SKF Group, Technetics Group, Xiaogan Ruisheng Mech Elec Mfg Ltd, Sealtech.com Aviation Seals Mfg. Ltd, Sealcon, Sujan Industries, EagleBurgmann India, Eagle Industry Co., Precision Polymer Engineering, Safran SA, Micro Seals, International Seal Co Australia (ISCA) Pty Ltd, DuPont de Nemours Inc, Bal Seal Engineering Inc, Regal Rexnord Corporation, PPG Industries Inc, Embraer S.A, LASSAC AERO, Servicio De Mantenimiento Del Peru, Performance Sealing Inc, Advanced Aircraft Seal, SEAL Aviation LLC, Airbus, Bombardier Inc, MDA Corporation, Collins Aerospace, CAE Inc, Rockwell Collins, Eaton Aerospace, Goodrich Aerospace, Parker Industrial, Al Ashrafi Trading Llc, Global Seals Ghana Ltd, Acme Seals Group, GOLDEN SEAL, Erith Group, Arabian Seals Co. Ltd, Al Khobar.

The aircraft seals market report table of contents includes:
1. Executive Summary
2. Aircraft Seals Market Characteristics
3. Aircraft Seals Market Trends And Strategies
4. Aircraft Seals Market - Macro Economic Scenario
5. Global Aircraft Seals Market Size and Growth
.................................
32. Global Aircraft Seals Market Competitive Benchmarking
33. Global Aircraft Seals Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Aircraft Seals Market
35. Aircraft Seals Market Future Outlook and Potential Analysis
36. Appendix

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