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Aircraft Seals Market for Composite segment will witness highest growth rate over the forecast timeframe

Author : Ronak Bora | Published Date : 2019-03-29 

North America aircraft seals market is expected to witness significant growth owing to strong presence of manufacturers in the region. Boeing has established manufacturing plant in the U.S. and Airbus is in process of starting production from its U.S. facility. American Airline Group has the largest fleet size and carries the highest number of passengers globally. Expanding aviation industry and technological developments in region will support the aircraft seals market revenue during the forecast period.

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Expanding aviation industry is driven by rise in passenger traffic across the globe. Increment of international & domestic fleet gives rise to demand of new airplanes. Growing demand for new deliveries from Airbus & Boeing and increasing backlog creates the growth opportunity for component suppliers across aerospace sector from 2017 to 2024.

Based on aircraft, aircraft seals market is categorized in to commercial, regional, general aviation, helicopter and military airplanes. Demand from commercial airplanes will acquire significant share owing to increasing usage of product in modern airplanes. Demand from military aircrafts is attributed to increasing number of light combat helicopters. For instance, in 2016, Defense Ministry of India purchased 16 light combat helicopters. China purchased more than 200 helicopters including Bell 407GXP & Bell 505 in the same year.

Based on material, aircraft seals market is categorized in to composites, metal and polymers. Polymers will acquire largest business share during the forecast period. Composite will witness highest growth rate owing to increasing demand of composite components from manufacturers. Composites have high strength to weight ratio at relatively low weight which is prompting manufacturers to replace metals with composites. 

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Based on application, the industry is categorized into engine, flight control surfaces, airframe, interiors, landing gears and brakes & wheels. In 2016, engine segment holds largest revenue share and is expected to maintain its dominance owing to wide applications in engine systems.

Asia Pacific aircraft seals market size will grow with fastest rate owing to surging aviation industry led by China, India, Singapore and Malaysia. Asia Pacific air traffic has grown by 11 % in 2016. Affordable flight fare will boost aviation industry thereby increasing revenue for aircraft seals market.

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Some of aircraft seal manufacturing companies are Hutchinson SA, Trelleborg, Esterline Technologies Corporation, Thomasnet, Advance Aircraft Seal, Brown Aircraft, Ace Seal, Robco, Dupont, Kopco Global and Jaco Airspace & Industrial among others. Manufacturers focus on development of optimized products and establishing long term contracts with OEMs for business sustainability.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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