Aircraft Seals Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Type, Material, Application, Distribution Channel, End User

Aircraft Seals Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Type, Material, Application, Distribution Channel, End User

  • October 2020 •
  • 202 pages •
  • Report ID: 5988348 •
  • Format: PDF
The aircraft seals market is expected to grow from US$ 866.0million in 2019 to US$ 1,257.0million by 2027; it is estimated to grow at a CAGR of 6.2%from 2020 to 2027.

The modern aircraft fleets (both commercial and military) traverse through harsh environments.Hence, they need durable components to withstand extreme conditions.

Aircraft seals ensure the smooth operability of aircraft by restraining any liquid from flowing through flaps, ailerons, slats, access panels, and doors, among other parts.As commercial and military aircraft manufacturers are progressively focusing on increasing the range and endurance of their models, the demand for technologically advanced and robustly durable seals is constantly surging.

Moreover, the benefits of aircraft seals have been gradually gathering high interest of airframe manufacturers, thereby raising the procurement of durable seals.

With the rapidly growing aviation industry, the demand for airline MRO services is also increasing.Emerging economies, such as those in APAC, are highly focused on extending MRO services to commercial as well as military aircraft companies.

Economy growth, increasing passenger count, and growing aviation infrastructure spending are the key factors driving the growth of the aircraft MRO industry in APAC.According to the International Air Transport Association, with the surge in the total number of new passengers over the next 20 years, the demand for MRO activities for upgrading the aircraft fleet would also increase.

Thus, the constantly evolving MRO activities in emerging economies are posing a potential opportunity for the aircraft seal manufacturers and distributors in these countries.

Amid the COVID-19 pandemic, the entire commercial aviation industry has come to a halt with minimal resources to foresee the future.The year-on-year rise in aircraft fleet of narrow-body, wide-body, regional, business/corporate, and trainers makes the after market of aircraft seals a constantly growing industry.

However, the governmental and respective airline companies’ measures to temporarily shutdown their businesses have hugely affected the entire aviation after market , including seals.Moreover, the retirement of various wide-body jets and narrow-body jets to cut down operational costs has been adversely affecting the aviation after market industry.

This is also expected to weaken the demand for seals in the coming years. Hence, the negative impact on aviation after market also affected the businesses of numerous aircraft seals market players.

The overall aircraft seals market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market .

The process also serves the purpose of obtaining overview and forecast for the aircraft seals market with respect to all the segments pertaining to the region.Multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.

The participants typically involved in this process include industry experts, such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the aircraft seals market . Brown Aircraft Supply Inc.; DuPont; Eaton Corporation; Hutchinson; Meggitt PLC; Parker Hannfin Corp; Saint-Gobain; SKF; Technetics Group; and Trelleborg Group. are among the notable companies operating in the market .
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