Aircraft Seals Market Share, Trends, Outlook By 2027
In terms of revenue, the global aircraft seals market was valued at US$ 866.0 million in 2018 and is projected to reach US$ 1,257.0 million by 2027; it is expected to grow at a CAGR of 6.2% during the forecast period from 2020 to 2027.
The aircraft seals market is broadly segmented into five major regions—North America, Europe, APAC, MEA, and SAM. The global market is predominantly dominated by the developed regions such as North America and Europe region accounting for ~55% of the global market collectively. Factors such as availability of technological capabilities, high disposable individual incomes, higher standards of living, and rapid technological advancements in the arena of aerospace engineering, presence of leading aircraft manufacturers, as well as presence of some of the well-established sealing solution providers among other factors have contributed towards the significant consolidation of the aircraft seals market share in North America and Europe regions.
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Published Report - Aircraft Seals Market: Strategic Insights
Published Report - Aircraft Seals Market
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CAGR (2018 - 2027)
6.2%
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Market Size 2018
US$ 866.0 Million
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Market Size 2027
US$ 1,257.0 Million
Market Dynamics
GROWTH DRIVERS
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FUTURE TRENDS
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OPPORTUNITIES
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Key Players
- Brown Aircraft Supply Inc
- DuPont de Nemours Inc
- Eaton Corporation plc
- Hutchinson
- Meggitt PLC
- SAINT GOBAIN S A
- SKF
- Technetics Group
- Parker Hannifin Corporation
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Type
- Dynamic Seal and Static Seal
Material
- Metals
- Polymers
- Composites
Application
- Airframe
- Engine
- Landing Gear
- Flight Control and Hydraulic System
Distribution Channel
- OEM and Aftermarket
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Published Report - Aircraft Seals Market: Strategic Insights
-
CAGR (2018 - 2027)6.2% -
Market Size 2018
US$ 866.0 Million -
Market Size 2027
US$ 1,257.0 Million
Market Dynamics
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- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
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Key Players
- Brown Aircraft Supply Inc
- DuPont de Nemours Inc
- Eaton Corporation plc
- Hutchinson
- Meggitt PLC
- SAINT GOBAIN S A
- SKF
- Technetics Group
- Parker Hannifin Corporation
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
- Dynamic Seal and Static Seal
- Metals
- Polymers
- Composites
- Airframe
- Engine
- Landing Gear
- Flight Control and Hydraulic System
- OEM and Aftermarket
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Market Insights–Aircraft Seals Market
Rising Adoption of Durable Seals
The modern aircraft fleets (both commercial and military) traverse through harsh environments. Hence, they need durable components to withstand extreme conditions. The aircraft seals ensure smooth operability of the aircraft by restraining any liquid from flowing through flaps, ailerons, slats, access panels, and doors, among other parts of the aircraft. As the aircraft manufacturers are progressively focusing on increasing the range and endurance of respective aircraft models, the demand for technologically advanced and robustly durable seals is constantly surging among the aircraft OEMs. The application of durable seals on any aircraft models facilitates airframe manufacturers and end-users with a longer life cycle and enhanced protection against extreme environmental conditions. These benefits have been gradually increasing the interest among the airframe manufacturers and end users, thereby raising the procurement of durable seals, which is ultimately driving the aircraft seals market.
Type Segment Insights
Based on type, the dynamic seal segment dominated lead the global aircraft seals market in 2019. The adoption of the dynamics seals is expected to increase among the aircraft manufacturers, landing gear manufacturers, and engine manufacturers over the coming years, owing to the fact that the dynamic seals have a higher service lifespan, which reduces the replacement cycle thereby, minimizing the operational and MRO costs.
Material Segment Insights
Based on material, the polymer dominated the global aircraft seals market in 2019. The polymer seals are in demand among the aircraft manufacturing ecosystem players. As the demand for air travel continues to rise, lightweight aircraft models' production continues to surge. The aircraft manufacturers and component suppliers are constantly emphasizing equipping lightweight products and components on the aircraft in order to increase the model's fuel efficiency.
Application Segment Insights
Based on application, the airframe segment dominated the global aircraft seals market in 2019. The continuously growing volumes of airframes of various dimensions i.e., such as narrow-body airframes, wide-body airframes, fighter jets airframes, and corporate jets year-on-year are reflecting higher demands for seals for airframes. This factor is driving the aircraft seals market.
Distribution Channel Segment Insights
Based on distribution channel, the OEM segment dominated the global aircraft seals market in 2019. The original equipment manufacturers (OEMs) are among the key procurers of aircraft seals. The continuously growing order and production volumes of aircraft (both commercial and military) are increasing the aircraft OEMs' investments towards the adoption of aircraft seals. This factor is throttling the aircraft seals market.
End User Segment Insights
Based on end user, the merchandise dominated the global aircraft seals market in 2019. The commercial aircraft segment in the aircraft seals market is anticipated to grow in terms of revenues in the coming years. The increase in production volumes of commercial aircraft models is highlighting the demand for aircraft sealing solutions, which is driving the aircraft seals market through the commercial aircraft segment.
The market players focus on new product innovations and developments by integrating advanced technologies and features in their products to compete with the competitors.
- In 2020, Motherson group announced the planning of demerging the wiring harness business soon and will form a single legal entity in the market.
- In 2019, Spark Minda signed a contract with Keyless system , for offering its electronics steering column lock, Smart ECU, Key FOB, Seat and glove box actuation mechanism as well as few Die casting components.
- In 2018, In October 2018, the company showcased its innovative solutions for next-gen vehicles. The next-gen vehicles are integrated with battery storage systems, which requires wiring harness.
Aircraft Seals Market Report Scope
Report Attribute | Details |
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Market size in 2018 | US$ 866.0 Million |
Market Size by 2027 | US$ 1,257.0 Million |
Global CAGR (2018 - 2027) | 6.2% |
Historical Data | 2016-2017 |
Forecast period | 2019-2027 |
Segments Covered |
By Type
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Regions and Countries Covered | North America
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Market leaders and key company profiles |
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
The global aircraft seals market has been segmented as follows:
Aircraft Seals Market – By Type
- Dynamic Seal
- Static Seal
Aircraft Seals Market – By Material
- Metals
- Polymers
- Composites
Aircraft Seals Market – By Application
- Airframe
- Engine
- Landing Gear
- Flight Control and Hydraulic System
- Others
Aircraft Seals Market – By Distribution Channel
- OEM
- Aftermarket
Aircraft Seals Market – By End User
- Commercial Aircraft
- Military Aircraft
Aircraft Seals Market- By Region
North America
- US
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- UK
- Russia
- Turkey
- Rest of Europe
Asia Pacific (APAC)
- China
- India
- South Korea
- Japan
- Rest of APAC
Middle East and Africa (MEA)
- South Africa
- Rest of MEA
South America (SAM)
- Brazil
- Rest of SAM
Aircraft Seals Market – Companies Profiles
- Brown Aircraft Supply Inc
- Du Pont
- Eaton Corporation
- Hutchinson
- Meggitt PLC
- Parker Hannfin Corp
- Saint-Gobain
- SKF
- Technetics Group
- Trelleborg Group
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type , Material , Application , Distribution Channel , End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Over the past few years, the aircraft manufacturers are increasingly using various types of seals on respective aircraft models with an objective to prevent fluid or gas leakage on the critical components. The aircraft models employ various types of seals that have been broadly categorized under dynamic seal and static seals in the aircraft seals market. The demand for dynamic seals is higher as compared to static seals, which majorly pertains to the advantage of dynamic seals in restricting fluid leakage on moveable components. Moreover, dynamic seals' service lifespan is another parameter that attracts the aircraft manufacturers, engine manufacturers, landing manufacturers, and aircraft operators. This factor allows the dynamic seal suppliers to enjoy continuous demand for their products.
The aviation industry is maturing at a rapid rate over the years, recording a significant number of production and deliveries of aircraft (commercial and military) fleet. The commercial aviation industry is on a tremendous rise over the past few years with the emergence of new low cost carriers (LCCs) and expansion strategies of fleet adopted by the full service carriers (FSCs). These two factors have showcased massive order volumes on various commercial aircraft manufacturers across the globe. Commercial aviation is foreseen to surge in the forthcoming years with an increase in air travel passengers and aircraft volumes. This factor is anticipated to drive the aircraft production, thereby boosting the aircraft seals market.
Presently, North America held the largest share of the global Aircraft Seals market.The US, Canada, and Mexico are major economies contributing to the aircraft seals market in North America. The aviation industry in the region is matured and has the presence of large number of aircraft OEMs. The defense sector is profited mainly due to the increasing government investment in research and development and the procurement of advanced fighter jets, trainer aircraft, and UAVs from the regional playersAirlines, in order to serve the rising demand for air travel, are placing orders for newer generation aircraft that may either replace the aging aircraft or operate on new routes in the fleet. Further, North America general aviation market may experience growth with the increasing procurement of turboprop, business jets, and piston aircraft. Thus, huge volumes of commercial and military fleets in operations in the domestic as well as international arena coupled with a high average passenger mile flown value in the region propel the requirements for aircraft sealing solutions.
The List of Companies - Aircraft Seals Market
- Brown Aircraft Supply, Inc
- DuPont de Nemours, Inc.
- Eaton Corporation plc
- Hutchinson
- Meggitt PLC
- SAINT GOBAIN S.A.
- SKF
- Technetics Group
- Parker Hannifin Corporation
- Trelleborg AB