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Aircraft Engine Seals Market Analysis & Forecast | 2023-2028
Aircraft Engine Seals Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2023-2028.
Aircraft engines have immensely evolved throughout the journey of the aircraft industry as they play the most pivotal role in an aircraft. Most of the innovations happening in an aircraft engine are primarily targeting three areas: more power, more durability, and more efficiency. Almost all the engine systems and their components have had a disruptive journey with significant changes in design, technology, and materials. Seals are also not untouched by such market dynamics and have experienced significant changes in design and material over the period. Today, manufacturing seals for the aircraft industry for many functions is a convoluted job, a key factor limiting the number of companies active in the aircraft seals market.
After taking a downfall during the pandemic times, the aerospace industry is discernibly getting back on track, recuperating at a healthy pace. The aircraft engine seals market is directly dependent on aircraft production and deliveries; hence, followed suit with a rebounding YoY of >15% in 2021-2022 to reach a value of US$ 353.3 million in 2022. The market is also expected to witness a magnetic CAGR of 8.3% during the forecast period of 2023-2028. The expected rise in the production rate of key programs (B737 Max, B787, A320neo, and A350XWB), entry of programs (B777x, and C919), and a huge fleet of aircraft engines are some of the factors driving the demand for aircraft engine seals.
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Recent Product Developments: Lightweight, low friction, and fire resistance are the indispensable focus areas of the leading players while product development.
Recent Market JVs and Acquisitions: High focus on inorganic growth.
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Segmentations |
List of Sub-Segments |
Dominant and Fastest-Growing Segments |
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Platform-Type Analysis |
Commercial Aircraft, Regional Aircraft, Helicopter, Military Aircraft, and General Aviation |
In terms of platform types, commercial aircraft remained at the forefront. |
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Application-Type Analysis |
Nacelles, Oil & Fuel System, Fan Blades, Combustion & Exhaust Section, and Others |
In terms of applications, nacelle was the biggest demand-generator for engine seals. |
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Function-Type Analysis |
Fire Seals, Conductive & Insulative Seals, Air & Fluid Management, and Others |
In terms of function type, fire seals dominated the market. |
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Material-Type Analysis |
Elastomer Seals, Thermoplastic Seals, and Metal Seals |
In terms of materials, elastomers held a clear dominance in the market. |
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Motion-Type Analysis |
Static Seals and Dynamic Seals |
In terms of motion, dynamic seals took the throne. |
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End-User-Type Analysis |
OE and Aftermarket |
In terms of end-user type, OE was the bigger demand-generator of aircraft engine seals |
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Regional Analysis |
North America, Europe, Asia-Pacific, and Rest of the World |
Coming to regional dynamics, North America remained the largest market for aircraft engine seals. |
Based on the platform type, the aircraft engine seals market is segmented into 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. Modern engines are getting hotter and require advancements in sealing technologies. These are now being exposed to temperature ranges from -73?C to 200?C. In 2022, 1,136 LEAP engines were delivered. Moreover, >1600 F414 engines, >1000 F135 engines, and >600 M88 engines have been delivered to date.
Based on the application type, the market is segmented as nacelles, oil & fuel systems, fan blades, combustion & exhaust section, and others. Owing to the wider application of seals, nacelles dominated the market in 2022. Seals used in nacelles must comply with the ISO 2865 and AC 20-135 standards, requiring them to resist temperatures up to 1,100?C for at least 15 minutes. Fire seals are commonly used in nacelles and are among the most challenging application areas of aircraft seals at present.
Based on the function type, the market is segmented into fire seals, conductive & insulative seals, air & fluid handling seals, and others. Fire seals are the most preferred category in the market and are anticipated to maintain their dominance by 2028 too. Key applications are the fuel system, bifurcation panel, core fairing, thrust reverser doors, engine fans, and VBV ducts. In thrust reversers, fire seals are used in electromechanical actuators to control the doors.
Based on the motion type, the market is segmented into static seals and dynamic seals. The dynamic seals segment is expected to remain dominant, as well as the faster-growing segment of the market during the forecast period. Dynamic seals are critical for maintaining a balance between mating surfaces, controlling leakage, and reducing friction. Key applications include nacelles, turbines, hydraulics, and actuators.
In terms of regions, North America is expected to remain the largest market for aircraft engine seals during the forecast period. 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 engine 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 the rising defense budget; and upcoming indigenous aircraft, C919.
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The market is fairly consolidated with the presence of some noticeable global players. Most of the major players compete in some of the governing factors including price, product offerings, regional presence, etc. The following are the key players in the engine seals market:
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s aircraft engine 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 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 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 the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
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:
The aircraft Engine Seals Market is segmented into the following categories.
Aircraft Engine Seals Market, by Platform Type
Aircraft Engine Seals Market, by Application Type
Aircraft Engine Seals Market, by Function Type
Aircraft Engine Seals Market, by Material Type
Aircraft Engine Seals Market, by Motion Type
Aircraft Engine Seals Market, by End-User Type
Aircraft Engine Seals Market, by Region
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
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 to sales@stratviewresearch.com.
The aircraft engine seals market was estimated at US$ 353.3 million in 2022.
The aircraft engine seals market is likely to reach US$ 611.2 million in 2028.
The aircraft engine seals market is estimated to grow at a healthy CAGR of 8.3% by 2028 owing to the expected rise in the production rate of key programs (B737 Max, B787, A320neo, and A350XWB), entry of programs (B777x and C919), and a huge fleet of aircraft engines.
Eaton Corporation, Freudenberg Group, Greene Tweed, Hutchinson SA, Meggitt Plc, Parker Hannifin Corporation, Saint Gobain S.A., SKF Group, TransDigm Group, and Trelleborg Group (alphabetically arranged) are among the leading players in the market.
The aerospace hub, North America is estimated to remain dominant in the aircraft engine seals market in the foreseen future.
Owing to the wider application of seals, nacelles dominated the market in 2022.
The dynamic seals segment is expected to remain dominant, as well as the faster-growing segment of the market during the forecast period.
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