+91-8668442535

Aircraft Aerodynamic Seals Market By Types (Polymer Seals, Metal Seals, Composite Seals) By Application (Civil Aircraft, Military Aircraft) - Growth, Future Prospects & Competitive Analysis, 2016 - 2028

About this report

The global aircraft aerodynamic seals market report explores the critical analysis of the industry using key parameters. The report consists of investment strategies, the need for investments in the aircraft aerodynamic seals industry, and the multiple benefits for investors. Importantly, this report sets out major changes in the global technical regulations for the aircraft aerodynamic seals industry and how economic and non-economic barriers are helping the aerodynamic seals market grow. Moreover, the report analyses the global, regional, and country-level historic and forecasted market size. The report also provides a comprehensive analysis of key investment propositions, demand and supply gap, competitors positioning, STAR analysis, SRC analysis, and Tornado analysis. Key technological developments and other analyses include Porter's five forces analysis, PESTEL analysis, value chain analysis, etc.

REPORT ATTRIBUTE DETAILS

Aircraft Aerodynamic Seals Market by Volume

Yes

Aircraft Aerodynamic Seals Market by Value

Yes

Aircraft Aerodynamic Seals Market, Tornado Analysis

Yes

Aircraft Aerodynamic Seals Market, STAR Analysis

Yes

Aircraft Aerodynamic Seals Market, SRC Analysis

Yes

Aircraft Aerodynamic Seals Market, Import-Export Data

Yes (On Demand)

Aircraft Aerodynamic Seals Market Pricing Analysis

Yes (On Demand)

Aircraft Aerodynamic Seals Market Segment Analysis

By Types (Polymer Seals, Metal Seals, and Composite Seals)

 By Application (Civil Aircraft and Military Aircraft)

Aircraft Aerodynamic Seals Market, Regional Analysis

North America (the US and Canada)

Europe (Germany, UK, France, Italy, Spain, and the Rest of Europe)

Asia Pacific (China, India, Japan, South Korea, South East Asia, and the Rest of Asia Pacific)

Latin America (Brazil, Mexico, and the Rest of Latin America)

Middle East and Africa (GCC Countries, South Africa, and the Rest of Middle East and Africa)

Aircraft Aerodynamic Seals Market Key Companies

Trelleborg, Hutchinson, Eaton, Meggitt, Saint Gobain, SKF Group, Esterline Technologies, Parker Hannifin, Freudenberg Group, and Sanders Industries (Rubbercraft)

Aircraft Aerodynamic Seals Market Competitive Landscape

Market Share Analysis

Competitive Benchmarking

Key Players Market Positioning

Geographical Presence Analysis

Major Strategies Adopted

 

Key Highlights of the report

How are the major segments performing in the Aircraft Aerodynamic Seals Market?

  • Polymer seals accounted for the largest share of the global market in 2021 owing to their lightweight, high-temperature resistance, and greater flexibility. Rubber polymer seals are the most commonly used elastomeric material for aerodynamic seals.
  • The civil aircraft segment led the market in terms of application in 2021 and is expected to continue throughout the projection period. Growing demands for lightweight yet durable parts and components, industry entry of new players like COMAC and Irkut, rising aircraft deliveries, and the restart of the B737Max are driving market demand for aerodynamic seals in the civil aircraft segment.

Which region dominated the aircraft aerodynamic seals market?

North American region dominated the global aircraft aerodynamic seals market in 2021 and is expected to maintain its dominance throughout the forecast period. The presence of numerous aircraft seal manufacturers in the region is the primary reason for North America's leadership in the aircraft aerodynamic seal market. In addition, more recent aircraft have been delivered to the region. The increase in aircraft orders and supplies in North America encourages aircraft seal manufacturers to increase yearly sales. The increasing demand for commercial aircraft and the presence of some of the market's leading players, like Kirkhill Inc, Parker Hannifin Corporation, and Brown Aircraft Supply, are expected to propel the North American aircraft aerodynamic seal market. These players concentrate on R&D to broaden their product offerings and create aircraft seals with cutting-edge systems, subsystems, and other parts.

How is US Market Performing in the aircraft aerodynamic seals market?

The United States dominates the North American aircraft aerodynamic seals market, expected to continue over the forecast period due to increased industry competitiveness and the country's broader range of aircraft. The region's market growth engine is the United States, which has major aircraft seals OEMs, raw material suppliers, tier players, and part fabricators. The majority of suppliers of aerodynamic seals are present in the country to satisfy the expanding needs of manufacturers. Also, the United States government has taken the lead in developing the commercial aircraft aerodynamic industry by collaborating with The Boeing Company and investing approximately USD 447 million in aircraft R&D projects.

What is the competitive environment of the aircraft aerodynamic seals market?

The expansion of the product portfolio, the consolidation of sealing companies into a new group to expand the scope and scale for every player, and the increase in acquisitions are making the market more competitive, propelling the global aircraft aerodynamic seal market. For instance, Saint-Gobain Seals, a division of Saint-Gobain, purchased High Tech Metal Seals (HTMS) in January 2020. HTMS was a designer and producer of engineered metal seals for the industrial, aerospace, and energy markets. Similarly, Eaton successfully acquired Souriau-Sunbank Connection Technologies, a market leader in highly engineered electrical interconnect solutions, in December 2019. Eaton will benefit from this acquisition as it expands its use of aircraft-powered electric technology solutions.

Executive Summary

What are all the technical developments in the aircraft aerodynamic seals market?

Unmanned aerial vehicles, loT-enabled valves, and additive manufacturing, also known as 3D printing, are some key emerging technologies and use occurrences upending the market. High-performance aerodynamic seals that withstand harsh conditions during flight hours are becoming increasingly necessary. Efficacy, MRO intervals, and replacement cycles must be considered when designing modern aircraft seals. Manufacturers of aircraft aerodynamic seals have a good market opportunity by creating seals with high fireproofing capabilities, a wide operating temperature range, and lighter weight. The high MRO costs associated with aircraft seals are brought on by frequent failures and wear and tear. As a result, strong seals are used more frequently in various aircraft models to lower maintenance costs and extend lifespan.

The benefits of durable aerodynamic seals have attracted the attention of both airframe producers and end users, increasing the demand for durable seals and, consequently, providing a good opportunity for aircraft aerodynamic seal producers. The automatic process of creating objects from 3D model data using additive materials is known as additive manufacturing or 3D printing. Rapid prototypes and usable end-use parts are produced using 3D printing using virtual designs from CAD software. This technology is quickly gaining traction, allowing designers to create better products faster and at a lower cost without being constrained by traditional manufacturing processes. Additive seal manufacturing technology has advanced from prototyping to mass production, particularly in the aerospace and automotive industries. For instance, Eaton utilized additive manufacturing to supply parts to Aerospace Industrial Development Corporation in June 2019. This technology will supply the aluminum and valve for the ram air valve assembly on the Advanced Jet Trainer from Aerospace Industrial Development Corporation (AIDC).

Which are the key investments by the aircraft aerodynamic seals market players?

Growing commercial aircraft production rates and increased military spending are the primary industry enablers for aircraft aerodynamic seals. Along with an increase in military spending by Russia, China, the US, India, and the UK, there is also a rise in the production of military aircraft. Growing economies offer a chance for significant investments in the defense and technology industry. Manufacturers of aircraft aerodynamic seals intend to launch new goods and services, invest in manufacturing output, and set up cooperative initiatives and research facilities. For instance, Meggitt PLC was awarded a contract in June 2020 to repair more than 80 new part numbers at its Singapore-based Services & Support Centre of Excellence, which has recently expanded.

The proposed location is Meggitt's regional hub for the Asia Pacific aerospace aftermarket. Likewise, Eaton endorsed a long-term agreement with OEMServices at MRO Europe in October 2019. The A320, A330, A340, B777, and B787 operators in the Russian airline market will benefit from Eaton's repair, maintenance, and overhaul services on Boeing and Airbus aircraft components under the terms of the agreement. The market's attractiveness has also led to large and small players investing in acquisitions, resulting in increased market consolidation. For example, TransDigm Group Inc purchased Esterline Technologies in 2019 for a combined value of USD 4 billion. The business increased aftermarket exposure and developed a proprietary and exclusive content platform for the aerospace and defense sector.

aircraft-aerodynamic-seals-market

Some major players in the aircraft aerodynamic seals market are Trelleborg, Hutchinson, Eaton, Meggitt, Saint Gobain, SKF Group, Esterline Technologies, Parker Hannifin, Freudenberg Group, and Sanders Industries (Rubbercraft).

What are the Major Driving Factors for the Aircraft Aerodynamic Seals Market?

The global aircraft aerodynamic seal market is being driven by expanding company product lines. Commercial aircraft production rates are rising, and military spending has increased, which are the main drivers for the aerodynamic seals market. Seals have recently witnessed a remarkable transformation regarding materials, certifications, designs, processes, and many other aspects of the aircraft sector. The increased demand from major aircraft manufacturers for enhanced seal product features like durability and less maintenance. OEMs are using composite seals more frequently due to the weight savings and low prices.

What are the Major Risks for the Aircraft Aerodynamic Seals Market?

Aircraft seals are essential to every aircraft system and must meet standards to demonstrate airworthiness. As a result, various high-quality materials are used to create aircraft seals, increasing their dependability and effectiveness. Seals that are durable and lightweight for next-generation aircraft are in high demand. This necessitates extensive R&D, the use of high-quality raw materials, and the development of new technologies, all of which raise the cost of aircraft seals. The subsequent substantial increase in selling prices has the additional effect of limiting the market growth for aircraft seals. In addition, macroeconomic uncertainty can cause price fluctuations in raw materials and shipping costs, negatively affecting the supply chain at the input end. Thus, high manufacturing costs may hinder global aircraft aerodynamic seal market growth.

Which is the key type in the aircraft aerodynamic seal market?

The polymer seals types segment is expected to grow the fastest during the forecast period. Elastomers are the most commonly used polymer seals for assisting airframes in making aircraft more aerodynamic, owing to their ability to contract ten times more than metal seals and increased mobility in low temperatures. Polymers are less expensive than metals in general, and they provide various sealing options, including rubber-like or self-lubricating materials that necessitate little maintenance.

How is the aircraft aerodynamic seals market performing in regions?

North America dominated the aircraft aerodynamic seals market in 2021, owing to rising demand for military equipment in countries such as Canada, the United States, and Mexico. Growing economies present opportunities for significant investments in the defense and technology sectors. Major regional aircraft manufacturers have increased their demand for improved seal product features such as durability and less maintenance.

Furthermore, the Asia Pacific market is expected to account for the largest revenue share in the global aircraft aerodynamic seals market during the forecast period, owing to rising commercial aircraft demand, the establishment of Airbus and Boeing assembly plants in China, and the growing aircraft fleet size. Besides, China's expanding defense budget drives aerospace industry spending. This will help ensure the healthy and consistent development of the Asia Pacific aircraft aerodynamic seal market throughout the forecast period.

What is the regulatory landscape for the aircraft aerodynamic seals market?

The aerospace industry is heavily regulated by regulatory regulations imposed by various regulatory bodies worldwide, another factor ensuring a greater demand for fuel-efficient aircraft. These organizations are now imposing stricter rules on the airline sector to reduce carbon emissions. In this fiercely competitive market, volatile crude oil prices drastically reduce airline profit margins because fuel is the largest operating expense, accounting for 35% to 45% of all expenses. These factors encourage airlines to seek more fuel-efficient aircraft to increase profit margins and comply with stringent regulations. The aerospace industry can primarily increase aircraft fuel efficiency by making them lightweight and aerodynamic. As a result, aerodynamic seals are increasingly used in different aircraft sections.

What is the Market Size of Aircraft Aerodynamic Seals regarding value?

The global aircraft aerodynamic seals market is anticipated to grow at a substantial CAGR of 4.9% in the upcoming years. The global aircraft aerodynamic seals industry is estimated to be worth USD 1875.5 million in 2021 and is expected to be worth USD 2499.02 million by 2028.

What are the major players planning for the future of the aircraft aerodynamic seals market?

Manufacturers in the aircraft aerodynamic seal market are expected to introduce new seal types and advanced aerodynamic technology, propelling the market's growth over the forecast period. In addition, the major players intend to merge or acquire other businesses or startups to gain a competitive edge. Aircraft seals are constantly exposed to media like oil and other aircraft system liquids while in flight. The number of flight hours on current aircraft has significantly increased along with the rising demand for air travel. The replacement of the older aircraft seals with new ones complies with the aviation industry's demand for extended lifespan and longer maintenance intervals of the various aircraft systems. The requirement for aircraft seals in related aircraft components and systems rises due to this frequent replacement, which helps prevent damage in moving aircraft parts. This fuels the future market growth for aircraft aerodynamic seals from repair, maintenance, and overhaul (MRO) companies. For instance, Meggitt PLC and Lufthansa Technik AG, a global leader in maintenance, repair, and overhaul (MRO), signed an agreement in June 2020 to provide comprehensive component MRO services for commercial aircraft in mainland China.

Segmentation of Global Aircraft Aerodynamic Seals Market -

Global Aircraft Aerodynamic Seals Market – By Types

  • Polymer Seals
  • Metal Seals
  • Composite Seals

Global Aircraft Aerodynamic Seals Market – By Application

  • Civil Aircraft
  • Military Aircraft

Global Aircraft Aerodynamic Seals Market – By Region

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • France
    • UK.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

Frequently asked questions about the global aircraft aerodynamic seals market

The COVID-19 pandemic negatively impacted the global market for aircraft aerodynamic seals, leading to a 3.1% decrease in revenue in 2020.

North America accounted for the most heightened share in the global aircraft aerodynamic seals market.

Expanding company product lines drives the global aircraft aerodynamic seal market. Commercial aircraft production rates are increasing, as is military spending, which are the primary drivers of the aerodynamic seals market.

The polymer seals segment had a major share in the global market in 2021.

The civil aircraft segment had a major share in the global market.

Aircraft Aerodynamic Seals Market Scope

Report Attribute Details
Market Value in 2021 USD 1875.5 million
Market Value in 2028 USD 2499.02 million
CAGR 4.9%
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
Choose License Type
Trusted By
Godaddy
Published Date:  Nov 2022
Category:  Aerospace & defense
Report ID:   60791
Report Format:   PDF
Pages:   130
Rating:    4.6 (40)
Delivery Time: 24 Hours to 48 Hours   
Connect With Us
+91-8668442535
24/7 Research Support