Global Aircraft Aerodynamic Seals Market Report 2018-2023 Featuring Key Players - Hutchinson, Trelleborg, Meggitt, Esterline Technologies, Freudenberg, and Parker Hannifin
DUBLIN, Jan. 2, 2018 /PRNewswire/ --
The "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" report has been added to ResearchAndMarkets.com's offering.
The global aircraft aerodynamic seals market is projected to grow at a healthy rate over the next five years to reach US$ 494.7 million in 2023.
Increasing production rates of commercial aircraft are primarily driving the demand for aerodynamic seals. Both major commercial aircraft manufacturers, Boeing and Airbus, are incessantly increasing the production rates of their best-selling aircraft in order to meet such huge order backlogs.
At the same time, both have strategically been launching fuel-efficient version of their best-selling aircraft programs to have a better grip on the market growth. Currently, Boeing and Airbus had a combined total order backlog of 13,090 commercial aircraft as of 31 March 2018. Owing to this factor, it is estimated that there would have a sustained demand for aerodynamic seals in the foreseeable future.
Another factor assuring a greater demand for fuel-efficient aircraft. The aerospace industry is highly regulated by stringent regulations imposed by different regulatory bodies located across the world. Currently, these bodies are tightening the aerospace industry by introducing more stringent regulations on the airline industry regarding the carbon emissions reductions.
Additionally, volatile crude oil prices plummet the margin of airlines in this fiercely competitive market as fuel is the leading cost component of the overall airline operating cost, roughly accounting for 35% to 40% of the total operating cost. These factors are pushing airlines to demand more fuel-efficient aircraft in order to elevate their profit margin as well as to abide such stringent regulations. Making aircraft lightweight and aerodynamic are the major ways through which the aerospace industry can make aircraft more fuel efficient. This, in turn, is driving the usage of aerodynamic seals in various sections of the aircraft.
The global aircraft aerodynamic seals market is segmented based on aircraft type as Commercial Aircraft, Regional Aircraft, Helicopter, Military Aircraft, and General Aviation. Commercial aircraft is expected to remain the largest and fastest-growing segment of the global aircraft aerodynamic seals market during the forecast period. Increasing demand for commercial aircraft to support rising passenger traffic, increasing production rates of key programs, such as B737, A320 family, B787, and A350XWB; market entry of new players, such as COMAC and Irkut; an introduction of variants of existing best-selling aircraft programs, such as B737 max, A320neo, and B777X; and rising commercial aircraft fleet size across regions are the key factors propelling the demand for aerodynamic seals in the commercial aircraft segment.
Based on the application type, the global aircraft aerodynamic seals market is segmented as Airframe; Flight Control Surfaces; Landing Gear, Wheels & Brakes; and Others. The airframe is expected to remain the most dominant application segment of the aircraft aerodynamic seals market during the forecast period. Aerodynamic seals are used in a wide spectrum of airframe applications, such as molded seals for doors & hatches, wings and fuselage fairings, and cabin windows.
Based on the material type, the aircraft aerodynamic seals market is segmented as Polymers, Composites, and Metals. The polymer seal is expected to remain the largest segment of the global aircraft aerodynamic seals market during the forecast period. Elastomers are the most widely preferred seals in the polymer category used for helping the airframers to make aircraft more aerodynamic, driven by their ability to contract 10 times more than steel seals along with an increased flexibility in low temperatures.
Based on the regions, North America is expected to remain the largest aircraft aerodynamic seals market during the forecast period, whereas Asia-Pacific is expected to experience the highest growth during the same period. The highest growth of Asia-Pacific region is driven by a host of factors including increasing demand for commercial aircraft to support rising passenger traffic, the opening of assembly plants of Boeing and Airbus in China, upcoming indigenous commercial and regional aircraft (COMAC C919 and Mitsubishi MRJ), and rising aircraft fleet size.
The supply chain of this market comprises raw material suppliers, aircraft aerodynamic seal manufacturers, distributors, aircraft OEMs, and airline companies. The key aircraft aerodynamic seal manufacturers are Hutchinson SA, Trelleborg AB, Meggitt Plc, Esterline Technologies Corporation, Freudenberg Group, and Parker Hannifin Corporation.
The development of lightweight seals with low friction as well as wear and abrasion resistance, regional expansion, and the execution of mergers & acquisitions are the key strategies adopted by the key players to gain a competitive edge in the market.
Key Topics Covered:
1. Executive Summary
2. Aircraft Aerodynamic Seals Market - Overview and Market Forces
2.1. Introduction
2.2. Market Classification
2.3. Market Drivers
2.4. Market Constraints
2.5. Supply Chain Analysis
2.6. Industry Life Cycle Analysis
2.7. PEST Analysis: Impact Assessment of Changing Business Environment
2.8. Porter's Five Forces Analysis
2.9. SWOT Analysis
3. Aircraft Aerodynamic Seals Market Analysis - By Aircraft Type
3.1. Strategic Insights
3.2. Commercial Aircraft Aerodynamic Seals Market Trend and Forecast (US$ Million)
3.3. Regional Aircraft Aerodynamic Seals Market Trend and Forecast (US$ Million)
3.4. Helicopter Aerodynamic Seals Market Trend and Forecast (US$ Million)
3.5. Military Aircraft Aerodynamic Seals Market Trend and Forecast (US$ Million)
3.6. General Aviation Aerodynamic Seals Market Trend and Forecast (US$ Million)
4. Aircraft Aerodynamic Seals Market Analysis - By Application Type
4.1. Strategic Insights
4.2. Aircraft Airframe Aerodynamic Seals Market Trend and Forecast (US$ Million)
4.3. Aircraft Flight Control Surfaces Aerodynamic Seals Market Trend and Forecast (US$ Million)
4.4. Aircraft Landing Gear, Wheels and Brakes Aerodynamic Seals Market Trend and Forecast (US$ Million)
4.5. Aircraft Other Aerodynamic Seals Market Trend and Forecast (US$ Million)
5. Aircraft Aerodynamic Seals Market Analysis - By Motion Type
5.1. Strategic Insights
5.2. Static Applications-based Aircraft Aerodynamic Seals Market Trend and Forecast (US$ Million)
5.3. Dynamic Applications-based Aircraft Aerodynamic Seals Market Trend and Forecast (US$ Million)
6. Aircraft Aerodynamic Seals Market Analysis - By Material Type
6.1. Strategic Insights
6.2. Polymer-based Aircraft Aerodynamic Seals Market Trend and Forecast (US$ Million)
6.3. Metal-based Aircraft Aerodynamic Seals Market Trend and Forecast (US$ Million)
6.4. Composite-based Aircraft Aerodynamic Seals Market Trend and Forecast (US$ Million)
7. Aircraft Aerodynamic Seals Market Analysis - By Region
8. Competitive Analysis
8.1. Strategic Insights
8.2. Presence by Aircraft Type
8.3. Presence by Material Type
8.4. Geographical Presence (Manufacturing Capabilities)
8.5. New Product Launches
8.6. Strategic Alliances: Mergers and Acquisitions, Joint Ventures, Collaborations, etc.
8.7. Market Share Analysis
9. Strategic Growth Opportunities
9.1. Strategic Insights
9.2. Market Attractive Analysis
9.3. Growth Matrix Analysis
9.4. Emerging Trends
9.5. Key Success Factors
10. Company Profile of Key Players
- Eaton Corporation Plc
- Esterline Technologies Corporation
- Freudenberg Group
- Hutchinson SA
- Meggitt Plc
- Parker Hannifin Corporation
- Saint Gobain S.A.
- SKF Group
- Trelleborg AB
For more information about this report visit https://www.researchandmarkets.com/research/7s5sz3/global_aircraft?w=5
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