Aircraft Seals Market Growth Rate, Future scope, Analysis, Business Development and CAGR to 2023

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Market Highlights
A seal is one of the vital components of an aircraft and prevents the passage, flow, or leakage of a gas or fluid between the components. It is designed to provide long service life and low friction for extreme pressure applications over a wide temperature range. The increasing need for high-temperature resistant material will create new growth opportunities for the market players. The factors driving the growth of the aircraft seals market are the increasing demand for new commercial and business aircraft, increased defence spending, replacement of old aircraft seals, and growing demand for new fighter jets in developing countries, such as China and India. However, there are some shortcomings in the operative performance of aircraft seals such as recyclability issues of composite materials and backlogs in aircraft deliveries. The market for aircraft seals is estimated to witness 5% CAGR during the forecast period.
Aircraft to supply wheel well, nacelle, and aerodynamic seals. In 2016, the Trelleborg Sealing Solutions acquired CoorsTek Inc., that specialized in the manufacturing of precision seals for the aerospace industry. This acquisition strengthened the presence of Trelleborg in North America and enabled it to provide effective sealing solutions for major aircraft programs.
On the basis of region, the market is segmented into North America, Asia Pacific, Europe, Middle East & Africa, and Latin America. In North America, the presence of leading aircraft manufacturers and MRO facilities have contributed to the high demand for aircraft seals. In Asia Pacific, high growth rate of the market is due to the increase in air travel and subsequent demand for new aircrafts in the region.. Meanwhile, in 2018, Meggitt Plc. signed a contract with Avcorp Industries Inc. (Canada) and Vought

Market Scenario

The Aircraft Seals Market has been segmented into seal type, application, material, vendor, platform, and region. Based on the seal type, the dynamic seal segment is widely used and comprises the largest share in the market as it provides strengthening and lubrication between the machine components during various movements, such as rotation, reciprocation, and oscillation. Based on material, the composites segment is widely used and comprise the largest share in the market due to high demands for lightweight components. The carbon composite material possesses superior sealing properties such as self-lubrication, heat resistance and high thermal conductivity, which makes it a suitable choice for sealing material. Furthermore, these materials are machinable according to the dimensional tolerances of aerospace regulatory agencies.

The factors responsible for the growing use of aircraft seals are the increasing demand for new commercial and business aircraft, increased defense spending, replacement of old aircraft seals, and growing demand for new fighter jets in developing countries, such as China and India. There were several contracts that fueled the market growth. In 2018, Meggitt Plc signed a contract with Canadian AvCorp and Vought Aircraft to supply wheel well, nacelle, and aerodynamic seals. Similarly, in the year 2016, Trelleborg Sealing Solutions acquired CoorsTek Inc., which specialized in the manufacturing of precision seals for the aerospace industry. This acquisition strengthened the presence of Trelleborg in North America and enabled it to providing effective sealing solutions for major aircraft programs.

Of late, companies are investing in technology development to produce materials in response to the wide variety of applications, including aircraft gearboxes, air turbine motor starters, and main shaft seals for both aircraft turbine engines and aircraft auxiliary power units. As a result, the higher investments are being made on the development of highly durable aircraft seals to withstand high temperatures. This would positively impact the market growth during the forecast period. However, one of the major restraints of the market is recyclability issues of composite materials and backlogs in aircraft deliveries.

Based on application, it is expected that the engine system segment would witness the largest demand in the global market, during the forecast period, due to the high price associated with seal as it designed to withstand high temperatures. Brush seals, kiss seals, hydrodynamic seals, abradable seals, and metals seals are mainly used in aircraft engines. Based on the vendor, the OEM segment is expected to witness the largest demand due to increase in demand for new aircraft. Based on the platform, the commercial aircraft segment is estimated for largest share due to growing air passenger traffic and rising demand for new commercial aircraft. Based on aircraft type, the fixed-wing segment is expected to witness the largest demand due to increase in demand for commercial and business aircraft.
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Key Players
The key players in aircraft seals market are Eaton Corporation (Ireland), Esterline Technologies Corporation (U.S.), Meggitt Plc (U.K), Parker Hannifin Corporation (U.S.), SKF (Sweden), Trelleborg Sealing Solutions (Sweden), Brown Aircraft Supply Inc. (U.S.), Hutchinson SA (France), Saint-Gobain (France), and Technetics Group (U.S.).

The scope of the Report
This study provides an overview of the Aircraft Seals Market, tracking six market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia Pacific (APAC), Middle East & Africa and Latin America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the aircraft seals market by its seal type, application, material, vendor, platform, and region.
By Seal Type
  • Dynamic
  • Static
By Application
  • Engine Airframe
  • Flight Control System
  • Landing Gear
  • Wheels & Brakes
  • Others
By Material
  • Composites
  • Polymers
  • Metals
By Vendor
  • OEM
  • Aftermarket
By Platform
  • Commercial
  • Military
By Aircraft Type
  • Commercial
  • Military
By Region
  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

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About Market Research Future
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have a supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end-users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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