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    Aircraft Seals Market Report

    Aircraft Seals Market Report
    Report code - SRAD148 Published On : Nov,2023 No. of Pages: 194
    Aircraft Seals Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Oppor See more...

    Market Highlights

    Seals are used across aircraft systems to prevent any leakage of fluids and to keep air and dirt out of the systems where they are used. They are critically required to be resistive against high temperatures and pressure and corrosion effects. The selection of material is dependent on several parameters including temperature resistance, pressure resistance, lightweight, flexibility, durability, strength, etc. Elastomer, thermoplastic, and metal are the major materials used for seal construction.

    The aircraft seals market highly depends on the organic growth of the aircraft industry. So, in times of booming growth, crisis, or recovery, a similar impact has been seen in the aircraft seals market. After several hiccups in the past few years, the aircraft seals market is likely to grow at a promising CAGR of 7.6% during the forecast period of 2023-2028 to reach US$ 2 Billion in 2028.

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    Boeing anticipated that there would be total deliveries of 42,595 commercial and regional aircraft in the global marketplace during 2023-2042. Asia-Pacific and North America would be the biggest demand generators with a combined share of 63% of the total commercial aircraft deliveries during 2023-2042. This factor will create a sustainable demand for aircraft seals globally in the foreseeable future.

    In addition to that, Boeing and Airbus had a combined total order backlog of 13,775 commercial aircraft by the end of September 2023. This huge pile of order backlogs of commercial aircraft will allow both airframers to roll out their aircraft continuously for the next eight to ten years at current build rates. To cope with such huge order backlogs, they have strategically been raising the production rates of their key commercial aircraft programs to deliver aircraft to their widespread clients in a shorter period. Also, they have been introducing fuel-efficient variants of their best-selling aircraft programs with the purpose of addressing the biggest requirement of the airline industry, which is fuel-efficient aircraft. This factor will further ensure a sustainable demand for aircraft seals in the foreseeable future.

    Segments' Analysis

    Segmentations

    List of Sub-Segments

    Dominant and Fastest-Growing Segments

    Aircraft-Type Analysis

    Commercial Aircraft, Regional Aircraft, Helicopter, General Aviation, and Military Aircraft

    Commercial aircraft took the throne with more than half of the market share in 2022. Also, the category is likely to remain fastest growing by 2028.

    Application-Type Analysis

    Airframe, Nacelle and engine, Interiors, Landing Gear Wheels, and brakes, Flight Control Actuation and Hydraulics, and Others

    Airframe to remain the most attractive application with the highest share in 2022 and the fastest growth during 2023-2028.

    Function-Type Analysis

    Aerodynamic Surface, Air and Fluid Management, Fire Seals, and Conductive and Insulative Seals

    Aerodynamic surface seals dominated the market in 2022. Fire seals are likely to have the highest growth during the forecast period.

    Material-Type Analysis

    Elastomer Seals, Thermoplastic Seals, and Metal Seals

    Elastomer seals grabbed are anticipated to remain the most preferred material by 2028.

    Motion-Type Analysis

    Static Seals, Linear Seals, and Rotary Seals

    Static seals led the market with the largest share in 2022 whereas, rotary seals are likely to remain at the forefront in terms of growth.

    End-User-Type Analysis

    OE and Aftermarket

    OE to remain the key demand generator of aircraft seals throughout the study period.

    Regional Analysis

    North America, Europe, Asia-Pacific, and The Rest of the World

    North America is expected to remain the largest market over the next five years, whereas Asia-Pacific is likely to expand at the fastest rate.

    By Aircraft Type

    Based on the aircraft type, the aircraft seals market is segmented into commercial aircraft, regional aircraft, helicopters, military aircraft, and general aviation. Commercial aircraft is expected to remain the largest and fastest-growing segment of the market during the forecast period. Airbus presented full-year 2022 and is targeting 720 commercial jet deliveries in 2023. However, supply chain disruption remains the major challenge for airframers to achieve these targets. A320 neo family, B737Max, A350XWB, and B787 are the major contributors to the market. Expected increases in the production rates of these aircraft programs are likely to help the industry stakeholders achieve their pre-pandemic levels in the coming years.

    By Application Type

    Based on the application type, the market is segmented into airframe; nacelles & engines; aircraft interiors; landing gear, wheels & brakes; flight control actuation and hydraulics; and others. Airframe is expected to remain the largest segment of the market during the forecast period. Seals are used in a wide spectrum of airframe applications including aerodynamic sealing of doors, windows, ailerons, spoilers, canopies, hatches, and panels.

    By Function Type

    Based on the function type, the market is segmented into aerodynamic surface sealing, air & fluid management seals, fire seals, conductive & insulative seals, and others. Aerodynamic surface sealing is expected to remain the most dominant segment, whereas fire seals to be the fastest-growing segment of the market during the forecast period. Aerodynamic surface sealing is used to fill gaps between flight control surfaces and wings of the aircraft where it improves the aerodynamics by reducing air friction. Fire seals are used in aircraft nacelles, they contain the fire within an immediate area by limiting oxygen entry. Prioritization of the safety and reduction of CO2 emissions are some of the key factors that will continue boosting aerodynamics surface sealing and fire sealing markets over the forecast period.

    By Material Type

    Based on the material type, the market is segmented into elastomer seals, thermoplastic seals, and metal seals. Elastomer is expected to remain the most preferred material during the forecast period. An elastomer is a polymer with viscoelasticity i.e., both viscosity and elasticity. Elastomers are gaining traction in the aircraft industry due to their lightweight, high-temperature resistance, and greater flexibility. High demand for lightweight aircraft is the key factor for the major use of elastomer seals in the aircraft industry.

    By Region 

    In terms of regions, North America is expected to remain the largest market for aircraft seals during the forecast period. The USA remains ahead in the market with the presence of major aircraft OEMs, tier players, raw material suppliers, and part fabricators. The aerospace industry has most of the suppliers in this region to fulfill the growing demand of OEMs and to be the partner of upcoming aircraft programs or upcoming fuel-efficient variants of existing aircraft programs.

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    The aircraft seals market is segmented into the following categories. 

    Aircraft Seals Market, by Aircraft Type

    • Commercial Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Regional Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Helicopter (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Military Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • General Aviation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aircraft Seals Market, by Application Type

    • Airframe (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Nacelle & Engine (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Interiors (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Landing Gear, Brakes, & Wheels (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Flight Control Actuation and Hydraulics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aircraft Seals Market, by Function Type

    • Aerodynamic Surface Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Air & Fluid Management Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Fire Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Conductive & Insulative Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Other Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aircraft Seals Market, by Material Type

    • Elastomer Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Thermoplastic Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Metal Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aircraft Seals Market, by Motion Type

    • Static Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Linear Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Rotary Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aircraft Seals Market, by End-User Type

    • OE (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Aftermarket (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aircraft Seals Market, by Region

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
    • Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)

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    Key Players

    The aircraft seals market is fairly consolidated with the presence of a large number of players. Some of the players have been efficacious in building their strong market positioning by developing vast product portfolio, large customer base, and wide geographical presence. The following are the key players in the aircraft seals market:

    • Hutchinson S.A.
    • Trelleborg AB
    • Parker Hannifin Corp. (including Meggitt)
    • Freudenberg Group
    • TransDigm Group, Inc.

    Recent Market JVs and Acquisitions

    A fair number of strategic alliances, including M&As, JVs, etc., performed over the past few years.

    • Parker Hannifin completed the acquisition of Meggitt in September 2022.
    • In January 2020, Saint Gobain Seals acquired High Tech Metal Seals (HTMS), which led to its aerospace business growth.
    • Saint Gobain acquired American Seal and Engineering Co. and strengthened its portfolio of high-performance solutions for critical applications in the sealing industry.
    • In 2019, TransDigm acquired Esterline. Previously, TransDigm acquired the Kirkhill Elastomers Business of Esterline Technologies for a total consideration of US$ 50 million. 
    • Trelleborg AB acquired EI Segundo, a California-based subsidiary of Coorstek, Inc., in 2016.

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s aircraft seals market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
    • COVID-19 impact and its recovery curve
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for existing and new players
    • Key success factors

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

    Recent Product Development

    Lightweight, durability, low friction, and fire & pressure resistance are the indispensable focus areas of the leading players in product development.

    • Major players like Meggitt PLC are offering polymer-based flexible and lightweight seals for aircraft in order to achieve weight reduction.
    • Freudenberg introduced the Omegat OMS-CS cap seal, which can provide low friction for reciprocating seal application.
    • Trelleborg launched next-generation fire seals, whereas Kirkhill is offering fire-proof seals that can operate up to 315.556C.

    Frequently Asked Questions (FAQs)

    The aircraft seals market is estimated to grow at a healthy CAGR of 7.6% by 2028, driven by recouping aircraft production, huge demand for lightweight and durable sealing solutions, and the undeniably crucial importance of seals for aircraft applications.

    Hutchinson SA, Trelleborg AB, Parker Hannifin Corporation (including Meggitt), TransDigm Group Incorporated (Kirkhill), and Freudenberg Group are the leading players in the aircraft seals market.

    Asia-Pacific is estimated to remain the fastest-growing market for aircraft seals in the foreseeable future. The key economies driving the regions demand for aircraft seals are China, India, and Japan.

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