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    Aircraft Aerodynamic Seals Market Report

    Aircraft Aerodynamic Seals Market Report
    Report code - SRAD166 Published On : Jul,2021 No. of Pages: 245
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    Aircraft Aerodynamic Seals Market Size, Share, Trend, Forecast, Competitive Analysis, and See more...

    Impact of COVID-19 on Aircraft Aerodynamic Seals Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Aircraft Aerodynamic Seals Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy 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.

    Market Highlights

    Seals are used in multiple areas of an aircraft in order to serve a wide array of functions including aerodynamics, fire resistance, conduction, insulation, and air and fluid handling. Aerodynamic seals are the most widely used seals in an aircraft and account for almost half of the total aircraft seals market. These seals are statics seals that are used to control airflow between fixed portions of the airframe such as fuselage and wings. 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 three major materials used by aerodynamic seals manufacturers. Elastomer is gaining traction in the market driven by its enormous advantages over others.

    Seals have witnessed a remarkable transition in the aircraft industry over the eons concerning materials, designs, processes, certifications, and many other factors. Today, manufacturing seals for the aircraft industry for many functions including aerodynamics is a convoluted job, a key factor limiting the number of companies active in the aircraft seals market.

    The aircraft aerodynamic seals market declined marginally from 2018 to 2019, mainly due to the industry concerns including fading air traffic growth, grounding of the B737 max, and delays in market entries of the most awaited programs, such as COMAC C919, Irkut MC-21, and Boeing B777x. The rapid spread of the pandemic entirely flipped the entire market dynamics, deepening the existing industry challenges including delays in B737 max approval and forcing aircraft manufacturers to curtail their key aircraft production. As a result of that, Stratview Research’s estimates suggest that the market for aircraft aerodynamic seals registered a hefty decline of -27.6% in 2020, taking the market below the level of 2015.

    However, the long-term outlook still seems fruitful, well backed by the strong fundamentals. The lift of Boeing’s B737Max in October 2020, gradual opening up of travel restrictions, rebounding aircraft deliveries, and Airbus’ announcement of a gradual ramp-up in their aircraft production are among the few key factors signaling towards the industry’s take off to a healthy recuperation, helping the market stakeholders to grow at an encouraging rate of 8.5% to reach US$ 0.6 Billion in 2026.

    Segments' Analysis

    Aircraft Aerodynamic Seals Market Share By Aircraft Type

    Based on the aircraft type, the aircraft aerodynamic seals market is segmented as commercial aircraft, regional aircraft, helicopter, military aircraft, and general aviation. Despite taking a nosedive in 2020, commercial aircraft is expected to remain the largest as well as the fastest-growing segment of the market during the forecast period. Increasing demand for lightweight yet durable components and parts, market entry of new players, such as COMAC and Irkut, rebounding aircraft deliveries, and restart of B737Max are some of the key factors propelling the demand for aerodynamic seals in the commercial aircraft segment.

    IATA’s estimates on December 2019 (Pre-COVID 19) suggested a positive 4.1% growth in RPKs in 2020, whereas the latest estimates (April 2021) of the organization address the possible impact of the pandemic in the airline industry and reveal a mammoth decline of 66% in RPKs in 2020. Despite all breath-taking market conditions, the long-term outlook still seems positive with good opportunities lying in the industry once the headwinds of the pandemic turn into tailwinds. Huge order backlogs of Boeing and Airbus, asserting them to produce aircraft for more than seven years at the current production rate.

    Aircraft Aerodynamic Seals Market Share By Application Type

    Based on the application type, the market is segmented as airframe, landing gear wheels & brakes, and others. The airframe is expected to remain the most dominant and fastest-growing application segment of the market during the forecast period. The large surface area of airframe coupled with a greater need for better aerodynamics in order to improve fuel efficiency is the major factor behind its dominance in the market. Lightweight, low friction, durable, and resistant to hydraulic fluids are key requirements for airframe aerodynamic seals.

    Aircraft Aerodynamic Seals Market Share By Material Type

    Based on the material type, the market is segmented as elastomer seals, thermoplastic seals, and metal seals. Elastomer seals are expected to remain the dominant as well as the fastest-growing material type in the market over the next five years. Key elastomer types are NBR, FKM, EPDM, HNBR, FVMQ, FFKM, and Silicone Rubber (Q); among which, silicone rubber is the most widely used elastomeric material for the aerodynamic seals. Elastomers are gaining traction in the aircraft industry due to their lightweight, temperature resistance, and better flexibility.

    Aircraft Aerodynamic Seals Market Share By Motion Type

    Based on the motion type, the market is segmented as static seals and dynamic seals. The static seals' segment is expected to remain dominant, whereas dynamic seals to be the faster-growing segment of the market during the forecast period. Larger applications of static seals and their frequent replacement due to shorter life compared to dynamic seals are the major factor upscaling static seals market in the coming years.

    Regional Analysis

    North America is expected to remain the largest market for aircraft aerodynamic seals during the forecast period in terms of regions. The USA is the growth engine of the region’s market with the presence of major aircraft OEMs, tier players, raw material suppliers, and part fabricators. Most of the aerodynamic seals suppliers have their presence in the region to address the emergent needs of OEMs.

    Asia-Pacific is likely to grow at the fastest rate during the same period. The highest growth of Asia-Pacific is mainly attributable to the increasing aircraft fleet to support rising passenger traffic; the opening of assembly plants of Boeing and Airbus for multiple aircraft programs; increasing procurement of military aircraft, owing to rising defense budget; and upcoming indigenous aircraft, C919.

    Key Players

    The supply chain of this market comprises several nodes including raw material suppliers, seals manufacturers, tier players, aircraft and engine OEMs, airlines, aircraft leasing companies, and MRO companies. The following are the key players in the aircraft aerodynamic seals market-

    • Hutchinson SA
    • Trelleborg Group
    • Meggitt Plc
    • Freudenberg Group
    • TransDigm Group
    • Parker-Hannifin Corporation
    • Eaton Corporation
    • Greene Tweed
    • Saint Gobain S.A.
    • SKF Group

    Some of the Recent Merger & Acquisition and Strategic Alliances in the market:

    The market’s attractiveness has led to a series of acquisitions by big players acquiring small players leading to a greater market consolidation.

    • On Jan 2020, Saint Gobain acquired High Tech Metal Seals (HTMS), which led to its aerospace business growth and also helped to expand its footprint notably in the Asian market.
    • In 2019, Saint Gobain Seals acquired American Seal and Engineering Co. and strengthened its portfolio in high-performance solutions for critical applications in the sealing industry.
    • In 2019, TransDigm Group Inc. acquired Esterline Technologies for a total cost consideration of US$ 4 Billion. The company expanded its platform of proprietary and sole-source content for the aerospace & defense industry and gained significant aftermarket exposure.

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s aircraft aerodynamic seals market realities and future market possibilities for the forecast period of 2021 to 2026. After a continuous interest in our aircraft seals market report from the industry stakeholders, we have tried to further accentuate our research scope to the aircraft aerodynamic seals market in order to provide the most crystal-clear picture of the market. The report segments and analyses 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 participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the 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 1000 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 the 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 the market dynamics and will enable strategic decision making for the 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.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

    The aircraft aerodynamic seals market is segmented into the following categories.   

    Aircraft Aerodynamic Seals Market Size, Share & Forecast, 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 Aerodynamic Seals Market Size, Share & Forecast, by Application Type

    • Airframe (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Landing Gear, Wheels, & Brakes (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aircraft Aerodynamic Seals Market Size, Share & Forecast, 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 Aerodynamic Seals Market Size, Share & Forecast, by Motion Type

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

    Aircraft Aerodynamic Seals Market Size, Share & Forecast, 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)

    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 the 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 [email protected]

    Frequently Asked Questions (FAQs)

    The aircraft aerodynamic seals market is estimated to grow at a healthy CAGR of 8.5% over the next five years to reach US$ 0.6 Billion in 2026.

    Eaton Corporation, Freudenberg Group, Greene Tweed, Hutchinson SA, Meggitt Plc, Parker-Hannifin Corporation, Saint Gobain S.A., SKF Group, TransDigm Group, and Trelleborg Group are among the leading players in the aircraft aerodynamic seals market.

    North America is estimated to remain dominant in the aircraft aerodynamic seals market in the foreseen future.

    Commercial aircraft is expected to remain the largest segment in the aircraft aerodynamic seals market in the coming five years.

    Commercial aircraft is expected to be the largest segment in the aircraft aerodynamic seals market in the coming years.

    Elastomer seals are expected to remain the dominant material type in the aircraft aerodynamic seals market during the next five years.

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