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    Aircraft Aerodynamic Seals Market Report

    Aircraft Aerodynamic Seals Market Report
    Report code - SRAD166 Published On : May,2020 No. of Pages: 245
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    Aircraft Aerodynamic Seals Market Size, Share, Trend, Forecast, & Competitive Analysis 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 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.

    Aircraft Aerodynamic Seals Market Insights

    Seals are used in the 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 in an aircraft and account for almost half of the total aircraft seals market. 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, the ongoing grounding of the B737 max, and delays in market entries of the most awaited programs, such as COMAC C9191, 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 Estimates suggest that the market for aircraft aerodynamic seals register a hefty decline in 2020, taking the market below the level of 2014.

    To assess the real impact of the pandemic on the aircraft aerodynamic seals market in short term and long term is extremely challenging at the present scenario as the pandemic is still spreading, taking the major economies in its grip and deteriorating the market conditions. It is difficult to state that when the impact of the pandemic starts to fade away. However, it is anticipated that the aviation industry will log a V-shape curve similar to previous pandemics, such as SARS (2003) and MERS (2015). However, the curve of V-shape would be deeper than the ones registered in SARS and MERS with huge short-term repercussions.

    The long-term outlook still seems positive for the industry including the aircraft aerodynamic seals market. The market for aircraft aerodynamic seals is subjected to gradually recover from 2021 onwards, driving the market to the estimated value of US$ 0.44 billion in 2025, with an overall long-term positive growth.

     

    Aircraft Aerodynamic Seals Market Share Analysis

    Aircraft-Aerodynamic-Seals-Market-Dominant-Segments

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    Aircraft Aerodynamic Seals Market Share by Aircraft Type

    Stratview has firstly segmented the aircraft aerodynamic seals market based on the aircraft type as commercial aircraft, regional aircraft, helicopter, military aircraft, and general aviation. Commercial aircraft are expected to remain the largest segment of the aircraft aerodynamic seals market in years to come. The aircraft segment registered a huge change in market dynamics in before COVID and post-COVID pandemic conditions.

    IATA’s estimates on December 2019 (Pre-COVID 19) suggested a positive 4.1% growth in RPKs in 2020, whereas the latest estimates (April 14, 2020) of the organization address the possible impact of the pandemic in the airline industry and reveal a mammoth decline of 48% in RPKs worth US$ 314 billion in 2020, a clear sign of gloomy market conditions in near future. 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 aircraft aerodynamic seals market is segmented as airframe, flight control surfaces, landing gears, wheels, and brakes. The airframe is expected to remain the biggest source of demand for aerodynamic seals in years to come. The large surface area of airframe coupled with a greater need for aerodynamics is manly behind its dominance. Lightweight, low friction, durable, and resistance to hydraulic fluids are key requirements for airframe aerodynamic seals.

    Aircraft Aerodynamic Seals Market Share by Material Type

    Based on the material type, the aircraft aerodynamic seals market is segmented as polymer seals, metal seals, and composite seals. Polymer seals are expected to remain the largest segment of the market over the next five years. Elastomers dominate the polymer seals segment. 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 aerodynamic seals.

    Regional Insights

    In terms of regions, North America is expected to remain the largest market over the next five years. Despite a huge decline in the North American market, the worst affected region of the pandemic, the region is estimated to manage its lead in the global market in the coming five years, primarily because of a strong supply chain in the USA. The Asia-Pacific region to record the least decline among all regions in 2020, followed by the quickest recovery from the second half of 2020, driving the highest growth in the coming five years.

    Aircraft-Aerodynamic-Seals-Market-By-Region

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    Key Players

    The supply chain of this market comprises raw material suppliers, aircraft aerodynamic seal manufacturers, distributors, tier players, aircraft OEMs, and airlines.

    The key aircraft aerodynamic seals manufacturers are-

    • Meggitt PLC
    • Hutchinson SA
    • Trelleborg AB
    • TransDigm Group
    • Freudenberg Group
    • Applied Composites Group
    • Eaton Corporation
    • Parker-Hannifin Corporation
    • Saint Gobain
    • SKF Group
    • Greene Tweed
    • EnPro Industries.

    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 greater market consolidation.

    • On Jan 2020, Saint Gobain Seals 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

    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.

     

    Market Scope & Segmentation

    Research Scope

    Trend & Forecast Period

    2014-2025

    Size in 2025

    US$ 0.44 billion

    Regions Covered

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

    Countries Covered

    The US, Canada, Mexico, Germany, France, The UK, Russia, India, China, Japan, Middle East, Latin America and Others

    Figures & Tables

    >150

    Customization

    Up to 10% customization available free of cost

     

    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)
    • Flight Control Surfaces (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Landing Gear, Wheels and 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

    • Polymer Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Metal Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Composite 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: India, China, Japan, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, The Middle East, and Others)

    Aircraft-Aerodynamic-Seals-Market-Segmentation

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    Report Features

    The strategic assessment report, from Stratview Research, is another flagship research report in the seals family. After publishing a report on the aircraft seals market, Stratview Research has come up with another exclusive market report on the aircraft aerodynamic seals market. The report provides the thoroughgoing market analysis by providing the 12-year analysis (trend period: 2014-2019 and forecast period: 2020-2025) at the global, regional, and country-level. Also, the report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in 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, product launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the 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 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segment

    • Current market size (2019) of aircraft aerodynamic seals in any of the aircraft type by application type.

    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 at [email protected].

    Frequently Asked Questions (FAQs)

    The aircraft aerodynamic seals market is expected to witness an impressive growth to reach US$ 0.44 billion in the foreseeable future.

    Meggitt PLC, Hutchinson SA, Trelleborg AB, TransDigm Group, Freudenberg Group, Applied Composites Group, Eaton Corporation, Parker-Hannifin Corporation, Saint Gobain, SKF Group, Greene Tweed, and EnPro Industries are among the key players in the aircraft aerodynamic seals market.

    North America is expected to remain the largest aircraft aerodynamic seals market during the forecast period of 2020-25.

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

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