Aircraft Seals Market is expected to reach US$ 1,257.0 Mn by 2027


PRESS RELEASE BY The Insight Partners 29 Oct 2020

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According to our latest market study on “Aircraft SealsMarket Forecast to 2027 – COVID-19 Impact and Global Analysis– by Type (Dynamic Seal and Static Seal), Material (Metals, Polymers, and Composites), Application (Airframe, Engine, Landing Gear, Flight Control and Hydraulic System, Others), Distribution Channel (OEM and Aftermarket), and End User (Commercial Aircraft and Military Aircraft),” the market was valued at US$ 866.0 million in 2019 and is projected to reach US$ 1,257.0 million by 2027; it is expected to grow at a CAGR of 6.2% from 2020 to 2027.

 

Aviation seals are utilized in several aircraft assembly applications, including hatch covers, airplane wings, and window gaskets, which need effective sealing to operate in the challenging environments. Aircraft seals are also a critical for the maintenance, repair, and overhaul (MRO) of the aviation components.The global aircraft seals market is a fragmented one, with substantial number of companies operating in it. Brown Aircraft Supply, Inc, DuPont de Nemours, Inc., Eaton Corporation plc, Hutchinson, Meggitt PLC, SKF, Technetics Group, Parker Hannifin Corporation, Trelleborg AB, and Saint Gobain S.A. are among the key players operating in the market with the considerably wide customer base and strong market positioning.

 

Developed regions such as North America and Europe collectivelyaccount for ~55% of the global market. Factors such as technological capabilities, high disposable individual incomes, higher standards of living, and rapid technological advancements in the arena of aerospace engineering; and the presence of leading aircraft manufacturers and several well-established sealing solution providers are among the factorscontributing to the significant consolidation of the market in North America and Europe.

 

The emerging aircraft seals market players are gaining industry recognition as they are capable of offering sealing solutions at competitive prices. Due to the slow rate of emergence of new players, the impact of threat to new entrants in the market is low in the present scenario. However, with the projected increase in the number of new market entrants offering cost-effective products,this threat to new entrants would also reach the moderate levels.

 

Impact of COVID-19 on Aircraft Seals Market

The recent outbreak of the COVID-19 has significantly affected the world. Until the outbreak of COVID – 19, the aerospace industry was experiencing substantial growth in terms of production and services, despite huge backlogs from the aircraft manufacturers; the global aviation industry witnessed a significant rise in the number of passenger counts, aircraft procurement (both commercial and military), and MRO activities.The COVID-19 pandemic has decimated the demand for aircraft globally, which reflected in significantly lower volumes of orders among the airframe manufacturers, further lowering the airframe production. The decline in production volumes has adversely affected the businesses of various component manufacturers. Apart from the airframe manufacturers, the engine manufacturers also witnessed a noteworthy drop in demand for their products, especially from the commercial aircraft OEMs. In 2020, the engine procurement orders drastically fell during the first two quarters.

 

Aircraft Seals Market –Geographic Breakdown, 2019

Aircraft Seals Market –Geographic Breakdown, 2019

Aircraft Seals Market Share, Trends, Outlook By 2027

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Published Report - Aircraft Seals Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Type (Dynamic Seal and Static Seal), Material (Metals, Polymers, and Composites), Application (Airframe, Engine, Landing Gear, Flight Control and Hydraulic System, Others), Distribution Channel (OEM and Aftermarket), End User (Commercial Aircraft and Military Aircraft)


 

The report segments the global aircraft seals market as follows:


By Type

  • Dynamic Seals
  • Static Seals


By Materials

  • Metals
  • Polymers
  • Composites


By Application

  • Airframe
  • Engine
  • Landing Gear
  • Flight Control and Hydraulic Systems


By Distribution Channel

  • OEM
  • Aftermarket


By End User

  • Commercial Aircraft
  • Military Aircraft

 

By Geography

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • Italy
    • UK
    • Russia
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • India
    • South Korea
    • Japan
    • Australia
    • Rest of APAC
  • Middle East and Africa (MEA)
    • Saudi Arabia
    • UAE
    • South Africa
    • Rest of MEA
  • South America (SAM)
    • Brazil
    • Rest of SAM

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