The global aircraft seals market size is expected to reach USD 3.05 Billion in 2031 and register a revenue CAGR of 5.3% over the forecast period, according to latest analysis by Emergen Research. Global aircraft seals market revenue growth can be attributed to rising demand for new aircraft by commercial airlines and increasing defense budgets. According to figures published by the International Civil Aviation Organization (ICAO), commercial airlines will require more than 43,000 new aircraft between 2020 and 2039, fueled by innovations in aircraft design configuration to enhance fuel efficiency and to reduce carbon footprint of the global aviation sector. In addition, increase in demand for hybrid and electric propulsion aircraft is driving revenue growth of the aircraft seals market.
Furthermore, the report is attuned with the latest market changes and economic landscape with regard to the currently unfolding COVID-19 pandemic. The crisis has affected the demand and supply pattern, as well as the trends of the industry. It has also brought an economic slowdown that has affected the business of the key manufacturers of the industry. The report estimates the impact of this crisis on the current scenario and future prospects and provides a post-COVID market scenario.
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Key companies operating in the Aircraft Seals market include:
Parker Hannifin Corp, Regal Rexnord Corporation, SKF, PPG Industries Inc., Trelleborg AB, Eaton, STACEM, DP Seals Ltd., Brown Aircraft Supply Inc., Jaco Aerospace, Saint-Gobain, and Ducommun Incorporated
Key market aspects studied in the report:
Market Scope: The report explains the scope of various commercial possibilities in the global Aircraft Seals market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.
Key Benefits of the Report:
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Aircraft Seals Market Segmentation:
Aircraft Seals Market Segmentation by Regions:
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