-- Stratview Research s latest market report on the global aircraft seals market covers the wide spectrum of the factors governing the future growth including drivers, challenges, emerging trends, technology changes, and environmental factors. The report is a perfect blend of insights and market figures which would enable the business strategists to churn out the future business strategies.
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The global aircraft seals market is projected to grow at a healthy rate during the forecast period to reach an estimated value of US$ 1,059.2 million in 2023.
Increasing production rates of key aircraft programs, such as B737, B787, A320, and A350XWB; increasing demand for lightweight aircraft seals; increased demand for enhanced fuel efficiency of aircraft; and rising global aircraft fleet size are the major growth drivers of the global aircraft seals market.
Another factor impacting the overall market is the volatility in crude oil prices that plummets the operating margin of airlines severally as crude oil roughly accounts for 30% of the operating cost of an airline company. This pushes the airline companies to demand fuel-efficient aircraft for improving their profit margins. This imprint huge pressure in the entire supply chain of the aerospace industry. Engine manufacturers are also not untouched with such factors and have started developing fuel-efficient engines utilizing advanced technology and lightweight materials that can withstand high temperature with greater durability. Development of LEAP and GE9x engines are such examples.
Similarly, increasing carbon emissions has alarmed the world and has resulted in implementation of several stringent regulations. ICAO proposed the first ever standard for new aircraft that will mandate improvements in fuel efficiency and reduction in carbon dioxide (CO2) emissions for the aviation sector. This again impacts the demand for composite lightweight seals as the material offers fair reduction in carbon emissions by enhancing the fuel efficiency.
Another trend is an increasing focus of airline companies and aircraft OEMs on the usage of alternative fuels (synthetic and biofuels). This is again changing the market dynamics of the seals market as these fuels are characterized by their lack of aromatic hydrocarbons and are extremely difficult media to operate in for seals. Seals can degrade which may cause shrinkage and leakage if the right sealing material is not used.
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The key growth drivers of the aircraft seals market are:
Increasing aircraft deliveries
Increasing share of wide body aircraft in the global commercial aircraft deliveries
Increasing commercial aircraft fleet size
Increasing demand for fuel-efficient aircraft
Advancement in seal materials
Increased demand for durable seals for the reduction in maintenance
Stratview Research has done a rigorous study on the aircraft seals market in its recently launched market report. Market forecast has been done after considering the views of key decision makers, extensive desk research, key market drivers and challenges, apart from our market expertise. Identify the most important factors and opportunities impacting your business decisions.
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Report Features
The following are the key features of the report:
Market structure: Overview, industry life cycle analysis, supply chain analysis
Market environment analysis: Growth drivers and constraints, Porter's five forces analysis, SWOT analysis
Market trend and forecast analysis
Market segment trend and forecast
Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
Attractive market segments and associated growth opportunities
Emerging trends
Strategic growth opportunities for the existing and new players
Key success factors
This report studies the aircraft seals market and has segmented the market in six ways:
Aircraft Seals Market, By Aircraft Type
Commercial Aircraft
Regional Aircraft
Helicopter
Military Aircraft
General Aviation
Each Aircraft type includes Regional Analysis of North America, Europe, Asia-Pacific, and RoW.
Aircraft Seals Market, By Application Type
Engine
Airframe
Interior
Flight Control Surfaces
Landing Gear, Wheels & Brakes
Hydraulic and Actuation
Each Application type includes Regional Analysis of North America, Europe, Asia-Pacific, and RoW.
Aircraft Seals Market, By Motion Type
Dynamic (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Static (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aircraft Seals Market, By Function Type
Aerodynamic Surface Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Air and Fluid Handling (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Fire Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Conductive Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Insulative Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aircraft Seals Market, By Material Type
Polymer Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Metal Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Composite Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aircraft Seals Market, By Region
North America (Country Analysis: The USA, Canada, and Mexico)
Europe (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
Asia-Pacific (Country Analysis: China, Japan, India and Rest of Asia-Pacific)
Rest of the World (Country Analysis: Latin America, The Middle East, and Others)
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