The global aircraft seals market size is expected to reach USD 3.05 Billion in 2031 and register a revenue CAGR of 5.3% over the forecast period, according to latest analysis by Emergen Research. Global aircraft seals market revenue growth can be attributed to rising demand for new aircraft by commercial airlines and increasing defense budgets.
According to figures published by the International Civil Aviation Organization (ICAO), commercial airlines will require more than 43,000 new aircraft between 2020 and 2039, fueled by innovations in aircraft design configuration to enhance fuel efficiency and to reduce carbon footprint of the global aviation sector. In addition, increase in demand for hybrid and electric propulsion aircraft is driving revenue growth of the aircraft seals market.
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Aircraft seals find extensive use in hydraulic sealing systems deployed in aviation technology applications. These hydraulic sealing systems are exposed to harsh temperature variations and hostile pressure media, which lead to faster aging of sealing materials compared to conventional applications, and hence reduce the performance efficiency of seals. Market players are making substantial investments in the development of specialized aircraft seals, such as rod seals, to cater to requisite performance levels, with improved dependability.
The competitive landscape of the report has been formulated by considering all the vital parameters such as company profiling, market share, recent developments and advancements, gross margins, product portfolio, revenue generation, financial standing, market position, and expansion plans. The report also discusses in detail the recent mergers and acquisitions, joint ventures, collaborations, product launches and brand promotions, agreements, corporate and government deals, and partnerships, among others. The report also sheds light on the recent technological developments and product advancements in the Aircraft Seals market.
Furthermore, the report provides details about the new players entering the market, and entry-level barriers and offers strategic recommendations to overcome those barriers to gain a substantial industry presence.
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Key players include Parker Hannifin Corp., Ducommun Incorporated, Regal Rexnord Corporation, AB SKF, PPG Industries Inc., Trelleborg AB, Eaton Corporation PLC, STACEM, DP Seals Ltd., Brown Aircraft Supply Inc., Jaco Aerospace, Inc., and Compagnie de Saint-Gobain S.A.
Key Highlights From the Report
In 26 January 2021, Trelleborg Sealing Solutions made an announcement about the introduction of Turcon VL Seal II, which is a distinctive and innovative seal hydraulic sealing of actuators in landing gear and flight controls. This seal delivers improved sealing efficiency, greater reliability, and enables easier installation.
Among the product type segments, the dynamic seals segment accounted for largest revenue share in 2021. Dynamic aircraft seals separate or retain fluids, contain pressure, and keep out contaminants. These aircraft seals produce a barrier between stationary and moving surfaces in linear or rotary applications, including rotating shafts and pistons. Furthermore, demand for dynamic seals is high owing to their comprehensive usage in a varied range of applications such as flight controls, hydraulics, engine systems, and others. Furthermore, various developmental strategies adopted by market players are expected to support revenue growth for the segment.
The polymers segment among the materials segments accounted for a significantly robust revenue share in 2021. Plastics deliver numerous benefits, which makes these a preferable material in production of aircraft seals. Benefits offered by polymer as a seal material, include corrosion, chemical, and impact resistance, lightweight property, and durability.
Regional Analysis:
The report further examines the market in the key regions of the world with regard to production and consumption patterns, import/export, supply and demand ratio, revenue generation, market share and size, and presence of prominent players in the regions. The report also covers the expansion plans undertaken by companies in the regions under the regional analysis section.
Key regions in the market include:
North America
U.S.
Canada
Europe
U.K.
Italy
Germany
France
Rest of EU
Asia Pacific
India
Japan
China
South Korea
Australia
Rest of APAC
Latin America
Chile
Brazil
Argentina
Rest of Latin America
Middle East & Africa
Saudi Arabia
U.A.E.
South Africa
Rest of MEA
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Emergen Research has segmented the global aircraft seals market report based on product type, materials, aircraft type, application, end-use, and region:
Product Type Outlook (Revenue, USD Million; 2019–2030)
Static Seals
Dynamic Seals
Materials Outlook (Revenue, USD Million; 2019–2030)
Metals
Polymers
Composites
Aircraft Type Outlook (Revenue, USD Million; 2019–2030)
Fixed Wing Aircraft
Rotary Wing Aircraft
Unmanned Aerial Vehicles
Application Outlook (Revenue, USD Million; 2019–2030)
Aircraft Frame
Engine
Avionics & Electrical System
Landing Gear System
Flight Control & Hydraulics System
End-Use Outlook (Revenue, USD Million; 2019–2030)
OEM
Aftermarket
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