Aviation

Global Aircraft Seals Market

September 6, 2021
ID: SR/AV-01
Format:Pdf
Pages:220

Global Aircraft Seals Market By Type (Dynamic Seals, Static Seals), By Application (Airframe, Engine System, Flight Control & Hydraulics System, Avionics & Electrical System, Landing Gear System), By Material (Composites, Polymers, Metals), and By Region (North America, Europe, Asia Pacific, South America, and the Middle East & Africa)-Global Forecast to 2027.

Description

Aircraft Seals Market Overview

The aircraft seals market size was valued at USD 1.9 Billion in 2020 and projected to reach USD 2.65 Billion by 2027, growing at a CAGR of 4.27% during the forecast period, 2020-2027.

Growing demand for new commercial and business aircraft, the substitution of old aircraft seals, rising defense budget, increase in global aircraft fleet, and increasing demand for new fighting jets in China & India positively impacts the aircraft seals market growth.

Furthermore, aircraft seals are widely utilized during the maintenance and repair activities of the airplane, acting as an eminent driver of the global market for aircraft seals.

Additionally, factors such as the growing demand for lightweight and highly durable aircraft seals. It can withstand harsh & challenging conditions such as cold temperature, high speed, etc., during flight hours, and technologically advanced systems are anticipated to drive the global growth for the aircraft seals market.

What are Aircraft Seals?

Aircraft Seal is an essential component of an aircraft. It is made to provide long service life and low friction for extreme pressure applications over an extensive temperature range. During flight operation, it prevents the passage, high speed, gas leakage, cold temperature, high airflow, and other plane parts. Aircraft seals are very delicate components of an aircraft and need proper handling to control their wear and tear.

Growth Driver

Increase in global demand for aircraft’s seals in the aircraft industry

The aircraft seals market is projected to grow as the number of aircraft increases due to lower airfares, growing passenger traffic, and tourism. The frequency of cargo airplanes has also increased due to rising international trade between countries. Aircraft seals are essential in several systems and are a prerequisite to creating a dynamic sealing of various techniques and aerostructures.
However, the major factors restraining the growth of the global aircraft seals, recycling of composite substances, high manufacturing costs of aircraft seals, and backlogs in aircraft deliveries.

Pre Covid-19 impact

Factors such as frequent replacement of aircraft seals and rising global aircraft fleet size stimulate market growth. Additionally, the rising number, the introduction of new aircraft, and the growing demand for fighter aircraft in developing countries had further created several opportunities for aircraft seals in the Pre-covid era.

Covid-19 impact

COVID-19 is a global public health disease that hurts almost and every industry. As coronavirus crises take over the world and led to curfews and lockdown, which impacted many businesses worldwide, countries across the globe are trying to prevent further contagion by adopting various measures such as social distancing, testing, and quarantine.

Post Covid-19 impact

There will be outstanding growth in the aviation industry due to increased air travel across the globe after the COVID-19 pandemic. As the aircraft fleet size rises, there will be a significant surge in demand for aircraft seals in the aftermarket segment and, thus, global air travel growth. Therefore, with the outbreak of the COVID-19, the market for aircraft seals testing will grow significantly, which has positively impacted the aircraft seals market value in 2020 and subsequent years.

Type Segmental Analysis

Based on the type, the aircraft seals market is segregated into dynamic seals and static seals.
The dynamic seal segment is estimated to have the highest market share in aircraft seals due to extensive usage in several applications. The majority of aircraft components are in motion than being stationary. These components are commonly used in flight control, engine system, and hydraulics system of aircraft. These factors are paving the way for the growth of the dynamic seal’s segment in the aircraft seals market.

Application Segmental Analysis

Based on the application, the aircraft seals market is categorized into the airframe, engine system, flight control, avionics & electrical system, hydraulics system, and landing gear system.

The engine system segment held a significant market share in 2019 and will gain maximum market revenue by 2027. The immense growth of the engine system segment of the aircraft seals market can be attributed to the many sub-segments it comprises like thermal control, air supply, avionics cooling, cabin pressurization, smoke detection, and others. Aircraft seals are used in aircraft systems to prevent the spread of fire in the engine system of the aircraft, prevent corrosion, avoid air leakage, and many such factors.

Material Segmental Analysis

Based on the material, the aircraft seals market is classified into composites, polymers, and metals.

The composites segment is projected to account for the largest market share of the aircraft seals market due to its extensive use for manufacturing aircraft seals and its proven benefits such as good chemical properties, resistance to heat, and good strength, low weight, etc.

Thus, the composites segment is expected to accelerate the growth of the aircraft seals market during the forecast period.

Region Segmental Analysis

The aircraft seals market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa.

North America is estimated to project considerable growth over 2020-2026. It is due to many aircraft seals manufacturers, raw material suppliers, and part fabricators in the region. Increasing demand for commercial aircraft and technologically advanced systems are also some key factors driving the market growth in the area.

The Asia Pacific will capture a quite appreciable share in the aircraft seals market by 2027, owing to the increasing aircraft fleet to support growing passenger traffic because of the region’s rising per capita disposable income.

Competitor Analysis

Companies such as Saint-Gobain, SKF, Meggitt PLC, Trelleborg Sealing Solution, Parker Hannifin Corporation, Brown Aircraft Supply Inc., Technetics Group, Esterline, Freudenberg Group, DuPont de Nemours. Inc, Hutchinson, Eaton Corporation, Temel Gaskets, METAX GmbH, W.L Gore & Associates Inc. are the key players in the aircraft seals market.

Key Stakeholders

Market research and consulting firms
Industry associations
Aircraft manufacturers
Aircraft component suppliers
Research organizations and consulting companies
Seal manufacturing companies
Regulatory bodies

Recent Developments

In February 2019, Saint-Gobain acquired American Seal and Engineering Co., a worldwide leader in giving technical solutions in the critical and extreme sealing industry. American Seal and Engineering Co. designs and produces engineered resilient metal sealing solutions utilized in energy, transportation, and aviation ventures.
In June 2019, Meggitt PLC and Lufthansa Technik AG, a world forerunner in maintenance, repair, and overhaul (MRO) services, consented to provide comprehensive component MRO services for commercial aircraft in mainland China.
In December 2019, Eaton acquired Souriau-Sunbank Connection Technologies, a highly engineered electrical interconnect solution worldwide. The purpose of this acquisition is to help Eaton accelerate its usage of electrical technologies used in aircraft.
In January 2020, Saint-Gobain Seals, a specialty unit of Saint Gobain, procured High Tech Metal Sales (HTMS), a designer and producer of engineered metal seals for the industrial, energy, and aerospace markets.
In June 2020, Meggitt PLC repaired more than 80 new part numbers at its recently expanded Services & Support Centre of Excellence in Singapore. The proposed site serves as the local center for Maggitt’s aerospace aftermarket in Asia.

Scope of the Report

Report Attribute	Details
Market size value in 2020	USD 1.9 Billion
Revenue forecast in 2027	USD 2.65 Billion
Growth Rate	CAGR of 4.27% from 2021 to
Historical data	2027
Forecast period	2017 – 2019
Region covered	America, Europe, Asia-Pacific, South America, and Middle East & Africa
Key companies Profiled	Saint-Gobain, SKF, Meggitt PLC, Trelleborg Sealing Solution, Parker Hannifin Corporation, Brown Aircraft Supply Inc., Technetics Group, Esterline, Freudenberg Group, DuPont de Nemours. Inc, Hutchinson, Eaton Corporation, Temel Gaskets, METAX GmbH, W.L Gore & Associates Inc.

Market Modelling

By Type

Dynamic Seals
Static Seals

By Application

Airframe
Engine System
Flight Control & Hydraulics System
Avionics & Electrical System
Landing Gear System

By Material

Composites
Polymers
Metals

By Region

North America
Europe
Asia Pacific
South America
Middle East & Africa

Table Of Contents

Methodology

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Frequently Asked Questions (FAQ):

What are aircraft seals?

Aircraft Seal is an essential component of an aircraft. It prevents the passage, high speed, gas leakage, cold temperature, high airflow, and other aircraft parts during flight operation.

What is the growth rate of the aircraft seals market?

The aircraft seals market size was valued at USD 1.9 Billion in 2020 and projected to reach USD 2.65 Billion by 2027, growing at a CAGR of 4.27% during the forecast period, 2020-2027.

What is your opinion on the growth prospect of the aircraft seals market?

The aircraft seals market is expected to grow significantly due to increasing demand for new commercial and business aircraft, the substitution of old aircraft seals, rising defense budget, and the global aircraft fleet increase.

Who are the prominent players in the aircraft seals market?

Saint-Gobain, SKF, Meggitt PLC, Trelleborg Sealing Solution, Parker Hannifin Corporation, Brown Aircraft Supply Inc., Technetics Group, Esterline, Freudenberg Group, DuPont de Nemours. Inc, Hutchinson, Eaton Corporation, Temel Gaskets, METAX GmbH, W.L Gore & Associates Inc. are the key players in the aircraft seals market.

Which region is most productive for expansion in the aircraft seals market?

North America is highly productive in the global aircraft seals market due to many manufacturers, raw material suppliers, increasing demand for commercial aircraft, and technologically advanced systems in the region.

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