The global aircraft seals market is likely to boost due to the increase in global aircraft fleet
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The aircraft seals market size was valued at USD 1.9 Billion in 2020 and projected to reach USD 2.65 Billion by 2027, growing at a CAGR of 4.27% during the forecast period, 2020-2027.
The significant attributes are the growing demand for lightweight and highly durable aircraft seals that can withstand harsh & challenging conditions such as cold temperature, high speed, etc., during flight hours and technologically advanced systems & subsystems. Moreover, aircraft seals are widely utilized during the maintenance and repair activities of the airplane, acting as an eminent driver of the global market for aircraft seals. Additionally, factors such as the presence of many aircraft seals manufacturers, raw material suppliers & part fabricators, and increasing aircraft fleet size are anticipated to drive the global growth of the aircraft seals market.
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Type Overview in the Global Aircraft Seals Market
Based on the type, the aircraft seals market is segregated into dynamic seals and static seals.
The dynamic seal segment is estimated to have the highest market share in aircraft seals due to extensive usage in several applications. The majority of aircraft components are in motion than being stationary. These components are commonly used in flight control, engine system, and hydraulics system of aircraft. These factors are paving the way for the growth of the dynamic seal's segment in the aircraft seals market.
Application Overview in the Global Aircraft Seals Market
Based on the application, the aircraft seals market is categorized into the airframe, engine system, flight control & hydraulics system, avionics & electrical system, and landing gear system.
The engine system segment held a significant market share in 2019 and will gain maximum market revenue by 2027. The growth of the engine system segment of the aircraft seals market can be divided into the many sub-segments it comprises of like thermal control, air supply, avionics cooling, cabin pressurization, smoke detection, and others. Aircraft seals are used in aircraft systems to prevent the spread of fire in the engine system of the aircraft, prevent corrosion, avoid air leakage, and many such factors.
Material Overview in the Global Aircraft Seals Market
Based on the material, the aircraft seals market is classified into composites, polymers, and metals.
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The composites segment is nominated to account for the largest market share of the aircraft seals market due to its extensive use for manufacturing aircraft seals and its proven benefits such as good chemical properties, resistance to heat, and good strength, low weight, etc.
Thus, the composites segment is expected to accelerate the growth of the aircraft seals market during the forecast period.
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Regional Overview in the Global Aircraft Seals Market
The aircraft seals market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa.
North America is estimated to project considerable growth over 2020-2026. It is due to the presence of many aircraft seals manufacturers, raw material suppliers, and part fabricators in the region. Increasing demand for commercial aircraft and technologically advanced systems are also some key factors driving the market growth in the area.
The Asia Pacific will have a significant profit share in the aircraft seals market by 2027, owing to the increasing aircraft fleet to support growing passenger traffic because of the region's rising per capita disposable income.
Global Aircraft Seals Market: Competitive Landscape
Saint-Gobain, SKF, Meggitt PLC, Trelleborg Sealing Solution, Parker Hannifin Corporation, Brown Aircraft Supply Inc., Technetics Group, Esterline, Freudenberg Group, DuPont de Nemours. Inc, Hutchinson, Eaton Corporation, Temel Gaskets, METAX GmbH, W.L Gore & Associates Inc. are the key players in the aircraft seals market.
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