PUBLISHER: The Business Research Company | PRODUCT CODE: 1245951
PUBLISHER: The Business Research Company | PRODUCT CODE: 1245951
Contact us about how to customize the report with add-on data.
“Aircraft Seals Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on aircraft seals market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for aircraft seals? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The aircraft seals market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Major players in the aircraft seals market are: Trelleborg Sealing Solutions, Saint-Gobain S.A., Du Pont, Parker Hannifin Corporation, Regal Rexnord Corporation, DP Seals Ltd., PPG Industries Inc., STACEM, Hutchinson SA, Technetics Group, Meggitt PLC, SKF Group, Eaton Corporation PLC, Performance Sealing Inc., Precision Polymer Engineering Limited, Rexnord Corporation, Brown Aircraft Supply Inc., Freudenberg Group, W. L. Gore & Associates Inc., Greene and Tweed & Compay Inc.
The global aircraft seals market grew from $1.84 billion in 2022 to $1.97 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The aircraft seals market is expected to grow to $2.69 billion in 2027 at a CAGR of 8.0%.
The aircraft seals market consists of sales of aircraft seals by products such as organic elastomers, radar absorbing materials and reinforced conducting fabric. Values in this market are: 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The aircraft seals refers to hydraulic sealing systems deployed in various aviation applications. These seals are used throughout the plane, from cockpit windshields to exterior flaps. Aircraft seals help flight systems to prevent the spread of fire or flames inside the aircraft's engine system, to avert air leakage, water or dust intrusion, corrosion, or any aviation liquids leakage.
North America was the largest region in the aircraft seals market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aircraft seals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of aircraft seals are dynamic seals and static seals. The dynamic seals are used in linear, oscillating, and rotary motion applications to create a barrier between stationary or moving surfaces. Hydraulic aggregates, machines, and locomotive components such as hydraulic cylinders and pistons use these seals. Aircraft seals are made up of materials such as composites, polymers and metals and are distributed through channels such as OEM and aftermarket. Aircraft seals are mostly used in engine system, airframe, avionics and electrical system, flight control and hydraulics system and landing gear system and by end users such as commercial aircraft and military aircraft.
The increased demand for hybrid and electric propulsion is expected to propel the demand for the aircraft seals market. Aircraft seals are used as a component that fills gaps between mating surfaces on the civilian, military, and commercial aircraft. The innovation of modern aircraft configurations with hybrid-electric propulsion reflects the growing demand for environmentally friendly aviation and shorter travel times. These modern aircraft use hybrid and electric aircraft seals to bind assembly applications, which helps reduce the overall weight of aircraft and fuel consumption while ensuring safety. For instance, in April 2021, Airbus had created the Ascend program to demonstrate electric or hybrid-electric propulsion, combining liquid hydrogen and superconductive technologies targeting a minimum of 50% reduction in powertrain weight and electrical losses while increasing efficiency by 5-6% compared to conventional technologies. Therefore, the increase in demand and development of hybrid and propulsion aircraft will drive the aircraft seals market.
Technological advancement is a key trend gaining popularity in the aircraft seals market. Major companies operating in the aircraft seals market are focused on providing technologically advanced solutions to strengthen their market position. These companies are implementing next-generation technologies into their frameworks, such as aero-engine sealing technology, hydraulics system, avionics & electrical system, fluid dynamics, and others, to protect the safeguard valves, storage areas, and other infrequently used areas. For instance, in April 2020, Trelleborg, a Sweden-based polymer technology company, launched a next-generation ultra-high temp seal. These ultra-high temp fire seals are used in the fuselage, pylons, thrust reversers, and engine applications to act as a barrier to prevent airflow from one area of a plane to another during normal operating conditions.
In January 2020, a US-based Kaman Corporation, an aerospace company acquired Bal Seal Engineering, Inc. for an undisclosed amount. With this acquisition, Kaman has significantly expanded its engineered products and offerings while creating new opportunities to reach customers in the medical technology, aerospace, defense, and industrial end markets. Bal Seal Engineering, Inc. is a US-based industrial machinery manufacturing company specializing in sealing, connecting, conducting, EMI shielding, and others.
The countries covered in the aircraft seals market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The aircraft seals market research report is one of a series of new reports from The Business Research Company that provides aircraft seals market statistics, including aircraft seals industry global market size, regional shares, competitors with an aircraft seals market share, detailed aircraft seals market segments, market trends and opportunities, and any further data you may need to thrive in the aircraft seals industry. This aircraft seals market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.