Stratview Research announces the launch of a new market research report on Aircraft Engine Seals Market by Aircraft Type (Commercial Aircraft, Regional Aircraft, Helicopter, Military Aircraft, and General Aviation), by Application Type (Nacelle, Oil & Fuel system, Fan Blade, Combustion, and Exhaust Section), by Material Type (Polymer Seals, Metal Seals, and Composite Seals), by Motion Type (Static Seals and Dynamic Seals), by Function Type (Fire Seals, Conductive & Insulative Seals, Air & Fluid Handling Seals, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023.
This market report, from Stratview Research, studies the aircraft engine seals market over the trend period of 2012 to 2017 and forecast period of 2018 to 2023. The research report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Aircraft Engine Seals Market: Highlights
Most of the innovations happening in aircraft engines are primarily targeting three areas: more power, more durability, and more efficiency. Almost all the engine systems and their components have had a disruptive journey with significant changes in design, technology, and materials. Seals are also not untouched with such market dynamics and have experienced significant changes in design and material over the period. For instance, development of high-thrust engine favors those seals that can withstand harsh environmental conditions. Furthermore, use of extremely stable oils and lubricants in engine demand seals that do not degrade or deteriorate themselves and protect related components in such hostile circumstances.
As per an indepth study conducted by Stratview Research, the global aircraft engine seals market is projected to grow at a healthy growth over the next five years to reach US$ 391.9 million in 2023. Engine is the most dominant application area of seals in an aircraft and accounts for more than 35% of the total aircraft seals market. Increasing production rates of key aircraft programs, such as B737, B787, A320, and A350XWB; increasing demand for lightweight aircraft engine seals; growing need for reducing engine maintenance requirements, an increased demand for improving fuel efficiency; and rising global aircraft fleet size are the major factors that are burgeoning the demand for seals in the aircraft engine market.
The research’s findings suggest that commercial aircraft is expected to remain the growth engine of the global aircraft engine seals market during the forecast period of 2018 to 2023. Increasing commercial aircraft deliveries to support the rising passenger traffic, introduction of fuel-efficient next-generation aircraft, advancement in turboprop engines and propulsion systems, and rising commercial aircraft fleet size across regions are the key factors propelling the demand for engine seals in the segment.
Seals are used in a wide spectrum of engine applications including fan blade, pylon seals, thrust reverser, fan cowls, heat exchanger, bleed air seals, fire seals, air inlet seals, vane grommets elastomeric gaskets, shaft seals, metering units, valves, and filters. Nacelle is expected to remain the most dominant application segment of the aircraft engine seals market during the forecast period.
Based on the material type, polymer seal is likely to remain the largest segment of the market during the forecast period, whereas composite seal is expected to witness the highest growth in the same period. Metals seals, another considerable segment, are being increasingly replaced with polymer and composite seals.
As per the study, North America is expected to remain the largest market for aircraft engine seals during the forecast period, whereas Asia-Pacific is expected to experience the highest growth during the same period. Higher growth of aircraft engine seals market in Asia-Pacific is mainly attributable to the increasing aircraft fleet to support the rising passenger traffic; opening of assembly plants of Boeing and Airbus for B737, A320, and A330 aircraft programs; increasing procurement of military aircraft, owing to rising defense budget; and upcoming indigenous commercial and regional aircraft (C919 and MRJ).
Major seal manufacturers for aircraft engines are Hutchinson SA, Trelleborg AB, Meggitt Plc, Esterline Technologies Corporation, and Freudenberg Group. Development of optimized aircraft engine seals, regional expansion, and formation of mergers & acquisitions are the key strategies adopted by the major players to gain a competitive edge in the market.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
This report studies the engine seals market in the global aircraft industry and has segmented the market in six ways, keeping in mind the interest of all the stakeholders across the value chain. Following are the six ways in which the market is segmented:
Aircraft Engine Seals Market, By Aircraft Type
Aircraft Engine Seals Market, By Application Type
Aircraft Engine Seals Market, By Motion Type
Aircraft Engine Seals Market, By Function Type
Aircraft Engine Seals Market, By Material Type
Aircraft Engine Seals Market, By Region
Stratview Research has number of high value market reports in the global aerospace & defense industry. Please refer to the following link to browse through our reports:
Click Here for Other Reports from Stratview Research in the Aerospace & Defense Industry
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Global Aircraft Seals Market by Aircraft Type, by Application Type, by Motion Type, by Function Type, by Material Type, and by Region, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2017-2022
Aircraft Aerodynamic Seals Market by Aircraft Type, by Application Type, by Material Type, by Motion Type, and by Region, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023
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