The Worldwide Aircraft Seals Industry is Expected to Reach $2.4 Billion by 2026 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Aircraft Seals Market by Type (Dynamic and Static), Application (Engine, Airframe, Avionics, Flight Control System, Landing Gear), Material (Composites, Polymers, Metals), End Use (OEM, Aftermarket), Platform, and Region – Forecast to 2026” report has been added to ResearchAndMarkets.com’s offering.

The aircraft seals market size is projected to grow from USD 1.9 billion in 2021 to USD 2.4 billion by 2026, at a CAGR of 5.1% from 2021 to 2026.

Engine System: The largest segment of the aircraft seals market, by application.

Based on application, the engine system segment is expected to be the largest market by value. The growth of the engine system segment of the aircraft seals market can be attributed to the many sub-systems it comprises of such as air supply, thermal control, cabin pressurization, avionics cooling, smoke detection and fire suppression. Aircraft seals are also used in other important systems such as airframe, flight control & hydraulics system, avionics & electrical system, and landing gear system. Aircraft seals used in these aircraft systems to prevent the spread of fire or flames in the engine system of the aircraft, avoid air leakage, water or dust intrusion, prevent corrosion, or to prevent any aircraft fluid leakage.

Dynamic Seals: The highest revenue segment of the aircraft seals market, by type.

Based on type, the dynamic seals segment is projected to have a higher share in the aircraft seals market during the forecast period. The growth of the dynamic seals segment of the aircraft seals market can be attributed to the extensive usage in various applications, and majority of aircraft components are in motion than being stationary. These are used commonly in engine system, and flight control and hydraulics system of aircrafts.

Composites: The highest revenue segment of the aircraft seals market, by material.

Based on material, the composites segment is projected to have the highest share of revenue in the aircraft seals market. The extensive use of various types of composites for manufacturing aircraft seals, and their proven benefits such as resistance to heat and good strength, good chemical properties, low weight, etc can be attributed to its high market share. These are used in applications where there is a higher chance of corrosion, and high operating temperature.

Fixed Wing Aircraft: The highest revenue segment of the aircraft seals market, by aircraft type.

Based on platform, the fixed-wing aircraft segment is projected to have the highest revenue in the aircraft seals market during the forecast period. Fixed-wing aircraft segment consists of commercial aviation, business and general aviation and military aviation. The fixed-wing segment consists of the greatest number of aircrafts in terms of absolute numbers. However, the Unmanned Aerial Vehicles segment is projected to have the highest CAGR in the aircraft seals market.

OEM: The fastest-growing segment of the aircraft seals market, by end use.

Based on the end use, the OEM segment is projected to grow at a higher CAGR for the aircraft seals market during the forecast period. OEMs are responsible for the installation of aircraft seals in an aircraft during the assembly stage and are then made available for delivery to aircraft manufacturers. However, the Aftermarket segment is projected to have a higher market share in the aircraft seals market. Over the years, there has been a significant rise in the demand for different aircraft types across regions. According to Airbus, it delivered 863 commercial aircraft to 99 customers in 2019. The aftermarket segment is projected to have more revenue in the aircraft seals market.

Market Dynamics

Drivers

• Increase in Global Aircraft Fleet Size to Increase Demand for Seals from Oem & Aftermarket
• Frequent Replacement of Aircraft Seals

Restraints

• High Manufacturing Costs of Aircraft Seals

Opportunities

• Rising Adoption of Lightweight and Durable Seals
• Developments in Additive Manufacturing Technology

Challenges

• Issues Associated with Quality Accreditations

Companies Mentioned

• Brown Aircraft Supply
• DP Seals
• Dupont
• Eaton Corporation plc
• Freudenberg Sealing Technologies
• Hutchinson
• Icon Aerospace Technology
• Jacottet Industrie
• Kirkhill, Inc.
• Meggitt plc
• Nicholsons Sealing Technologies Ltd.
• Parker Hannifin Corporation
• Performance Sealing Inc.
• PPG Aerospace
• Precision Polymer Engineering Ltd.
• Rexnord Corporation
• Saint-Gobain
• SKF
• Stacem
• Trelleborg Sealing Solutions
• W. L. Gore & Associates, Inc.

For more information about this report visit https://www.researchandmarkets.com/r/76w1ak

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