404
+1-313-307-4176
Aircraft Seals Market Report
Aircraft Seals Market is Segmented by Aircraft Type (Commercial Aircraft, Regional Aircraft, General Aviation, Helicopter, and Military Aircraft), by Application Type (Engine, Airframe, Interior, Flight Control Surfaces, Landing Gear, Wheels & Brakes, and Others), by Motion Type...
Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and statergy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
The growth of the aircraft seals market will continue to be resilient with attractive opportunities for the market participants situated across the value chain. Undoubtedly, aircraft is one of the fastest-growing applications in the overall seals market; however, it is not that easy for seal manufacturers to serve the aircraft industry as it demands players to be exceptionally innovative with excellent product development capabilities and having years of excellent track record. Also, it is of paramount importance for seal manufacturers to remain proximal to tier players as well as aircraft OEMs in order to address their emergent needs.
As per Stratview Research, the market for seals in the aircraft industry is estimated to reach US$ 1,107.2 million in 2024. Several factors are bolstering the demand for seals in the aircraft industry. Among all, the key growth factors are increasing production rates of the key aircraft programs, such as B737, B787, A320, and A350XWB; introduction of the fuel-efficient aircraft variants, such as B777x and A330neo; increasing demand for lightweight aircraft seals; and rising global aircraft fleet size.
Wish to Get a Free Sample? Click Here
Major seal manufacturers serving the aircraft industry have been reinforcing their share by performing both organic as well as inorganic growth strategies. For instance; TransDigm Group Incorporated acquired Kirkhill Engineered Elastomer Business of Esterline Corporation for a total purchase price of US$ 50 million.
The market is segmented based on the aircraft type as Commercial Aircraft, Regional Aircraft, Helicopter, Military Aircraft, and General Aviation. Commercial aircraft is expected to remain the growth engine of the aircraft seals market during the forecast period of 2019 to 2024. Increasing commercial aircraft deliveries to support rising passenger traffic, the introduction of fuel-efficient next-generation aircraft (B777x, A330neo, B737 Max, and A320ne0), increasing demand for lightweight seals, and rising commercial aircraft fleet size across regions are the key factors propelling the demand for seals in the segment.
Boeing anticipated that there would be total deliveries of 40,410 commercial aircraft worth US$ 6.25 trillion in the global marketplace during 2018-2037. Asia-Pacific and Europe would be the biggest demand generators with a combined share of 64.7% of the total commercial aircraft deliveries during 2018-2037. An expected healthy CAGR of 4.7% in air passenger traffic during 2018-2037 will chiefly drive the demand for commercial aircraft. This factor will create sustainable demand for aircraft seals globally in the foreseeable future.
In addition to that, Boeing and Airbus had a combined total order backlog of 13,048 commercial aircraft by the end of 2018. These 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 in order to deliver aircraft to their widespread clients at a shorter period of time. Also, they have been introducing the fuel-efficient variants of their best-selling aircraft programs with the purpose to address the biggest requirement of the airline industry, which is the fuel-efficient aircraft. This factor will further assure sustainable demand for aircraft seals in the foreseeable future.
Based on the application type, the aircraft seals market is segmented as Engine, Airframe, Interior, Flight Control Surfaces, Landing Gear, Wheels & Brakes, and Hydraulics and Actuation. Engine System is expected to remain the most dominant application segment of the market during the forecast period. Seals are used in a wide spectrum of engine applications including engine and pylon seals, thrust reverser seals, bleed air seals, fire seals, air inlet screens, vane grommets elastomeric gaskets, shaft seals, and O-rings.
Based on the material type, the market is segmented as Polymer Seals, Composite Seals, and Metal Seals. The polymer seal is expected to remain the largest segment of the market during the forecast period, whereas composite seal is expected to witness the highest growth during the same period. There has been an incessant replacement of metal seals with composite seals, owing to their excellent strength-to-weight ratio at a relatively low weight.
Based on the region, North America is expected to remain the largest aircraft seals market during the forecast period, whereas Asia-Pacific is expected to experience the highest growth during the same period. The highest growth of aircraft seals in Asia-Pacific is mainly attributable to the increasing aircraft fleet to support rising passenger traffic; opening of assembly plants of Boeing and Airbus for the B737, A320, and A330 aircraft programs; increasing procurement of military aircraft, owing to rising defense budget; and upcoming indigenous commercial and regional aircraft (C919 and MRJ). China, Japan, and India will be the growth engines of the region’s market in coming years.
The supply chain of this market comprises raw material suppliers, aircraft seal manufacturers, distributors, aircraft manufacturers, airline companies, aircraft leasing companies, and MRO companies. The key aircraft seal manufacturers are Hutchinson SA, Trelleborg AB, Meggitt Plc, TransDigm Group Incorporated (Kirkhill), and Freudenberg Group. Development of optimized aircraft seals, regional expansion, and mergers & acquisitions are the key strategies adopted by the major players to gain a competitive edge in the market.
For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of 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. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.
|
Research Scope |
|
|
Trend & Forecast Period |
2013-2024 |
|
Size in 2024 |
US$ 1,107.2 million |
|
Forecast |
4.7% CAGR during 2019-2024 |
|
Regions Covered |
North America, Europe, Asia-Pacific, Rest of the World |
|
Countries/Subregions Covered |
The USA, Canada, Mexico, Germany, France, The UK, Russia, China, Japan, India, Latin America, the Middle East and Others |
|
Figures & Tables |
>150 |
|
Customization |
Up to 10% customization available free of cost |
The market is segmented in the following ways:
Aircraft Seals Market Size, Share & Forecast by Aircraft Type:
Aircraft Seals Market Size, Share & Forecast by Application Type:
Aircraft Seals Market Size, Share & Forecast by Motion Type:
Aircraft Seals Market Size, Share & Forecast by Function Type:
Aircraft Seals Market Size, Share & Forecast by Material Type:
Aircraft Seals Market Size, Share & Forecast by Region:
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 of 2019 to 2024. 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 the market stakeholders and investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies.
The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
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 at [email protected].
Aircraft seals are components that are used in different parts of the aircraft to prevent leakage of fluid or other substance. It is also used to keep away dirt and air from entering a particular joint. Aircraft seals can be polymer, composite, and metals. Engine, Airframe, Interior, Flight Control Surfaces, Landing Gear, Wheels & Brakes, and Hydraulics and Actuation are some of the common applications where aircraft seals are used.
Driven by a number of factors like increasing production rates of the key aircraft programs, the aircraft seals market is projected to reach an estimated value of US$ 1,107.2 million in 2024.
Hutchinson SA, Trelleborg AB, Meggitt Plc, TransDigm Group Incorporated (Kirkhill), and Freudenberg Group are among the key players in the aircraft seals market.
North America is expected to remain the largest aircraft seals market during the forecast period of 2019-2024.
Why are We Class Apart?
No One Does Better in Aerospace Market Research Than Us
Largest Number of Premium Studies in Aerospace Industry
>60% of the First Buyers Come Back to Us
>95% Client Satisfaction Ratio, the Industry's Highest
Clients Across Aerospace Value Chain
Track the Latest Trends in Aerospace Industry
Know High Growth Opportunities
WE ACCEPT
