Aircraft Seals Market worth $2.4 billion by 2026 at a CAGR of 5.1% - PowerPoint PPT Presentation

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Aircraft Seals Market worth $2.4 billion by 2026 at a CAGR of 5.1%

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The aircraft seals market size is projected to grow from USD 1.9 billion in 2021 to USD 2.4 billion by 2026, at a CAGR of 5.1% from 2021 to 2026. – PowerPoint PPT presentation

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Title: Aircraft Seals Market worth $2.4 billion by 2026 at a CAGR of 5.1%


1
The report on the aircraft seals market provides
a detailed trend analysis from 2017 to 2026. It
discusses industry and technology trends
currently prevailing in the
market, along with restraints, challenges,
drivers, and
opportunities that influence the growth of the
market. The Aircraft Seals Market size is
projected to grow from USD 1.9 billion in 2021
to USD 2.4 billion by 2026, at a CAGR of 5.1
from 2021 to 2026. The market is driven by
factors such as increase in global aircraft
fleet size, and short replacement cycle of
aircraft seals. Download PDF Brochure
_at_ https//www.marketsandmarkets.com/pdfdownloadNew
.asp?id95040283 Based on application, the engine
system segment is expected to be the largest
market by value. The growth of the engine system
segment of the aircraft seals market can be
attributed to the many sub-systems it comprises
of such as air supply, thermal control, cabin
pressurization, avionics cooling, smoke detection
and fire suppression. Aircraft seals are also
used in other important systems such as
airframe, flight control hydraulics system,
avionics electrical system, and landing gear
system. Aircraft seals used in these aircraft
systems to prevent the spread of fire or flames
in the engine system of the aircraft, avoid air
leakage, water or dust intrusion, prevent
corrosion, or to prevent any aircraft fluid
leakage. Based on type, the dynamic seals segment
is projected to have a higher share in the
aircraft seals market during the forecast period.
The growth of the dynamic seals segment of the
aircraft seals market can be attributed to the
extensive usage in various applications, and
majority of aircraft components are in motion
than being stationary. These are used commonly
in engine system, and flight control and
hydraulics system of aircrafts. Based on
material, the composites segment is projected to
have the highest share of revenue in the
aircraft seals market. The extensive use of
various types of composites for manufacturing
aircraft seals, and their proven benefits such as
resistance to heat and good strength, good
chemical properties, low weight etc can be
attributed to its high market share. These are
used in applications where there is a higher
chance of corrosion, and high operating
temperature. Based on the platform, the
fixed-wing aircraft segment is projected to have
the highest revenue in the aircraft seals market
during the forecast period. Fixed-wing aircraft
segment consists of commercial aviation, business
and general aviation and military aviation. The
fixed wing segment consists of the greatest
number of aircrafts
2
in terms of absolute numbers. However, the
Unmanned Aerial Vehicles segment is projected to
have the highest CAGR in the aircraft seals
market. Based on the end use, the OEM segment is
projected to grow at a higher CAGR for the
aircraft seals market during the forecast period.
OEMs are responsible for the installation of
aircraft seals in an aircraft during the assembly
stage and are then made available for delivery
to aircraft manufacturers. However, the
Aftermarket segment is projected to have a
higher market share in the aircraft seals market.
Over the years, there has been a significant
rise in the demand for different aircraft types
across regions. According to Airbus, it delivered
863 commercial aircraft to 99 customers in 2019.
The aftermarket segment is projected to have
more revenue in the aircraft seals market. North
America is projected to be the largest regional
share of the aircraft seals market during the
forecast period. The key factor responsible for
North America, leading the aircraft seals market
owing to the presence of a large number of
aircraft seals manufacturers in the region.
Also, the region has been witnessing a rise in
the newer aircrafts getting delivered. In North
America, the rise in aircraft orders and
supplies is encouraging manufacturers of
aircraft seals to increase their sales year on
year. The increasing demand for commercial
aircraft and the presence of some of the leading
players operating in the market, such as Parker
Hannifin Corporation, Kirkhill, Inc., Brown
Aircraft Supply are expected to drive the
aircraft seals market in North America. These
players are focusing on RD to increase their
product lines and using technologically advanced
systems, subsystems, and other components for
manufacturing aircraft seals. The European region
is projected to have the highest growth rate in
the aircraft seals market. Ask for Sample Report
_at_ https//www.marketsandmarkets.com/requestsample
New.asp?id95040283 About MarketsandMarkets Mark
etsandMarkets provides quantified B2B research
on 30,000 high growth niche opportunities/threats
which will impact 70 to 80 of worldwide
companies revenues. Currently servicing 7500
customers worldwide including 80 of global
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research platform, "Knowledgestore" connects
over 200,000 markets and entire value chains for
deeper understanding of the unmet insights along
with market sizing and forecasts of niche
markets. Contact Mr. Aashish Mehra
MarketsandMarkets INC. 630 Dundee Road Suite
430 Northbrook, IL 60062 USA 1-888-600-6441
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