Market Synopsis :
Seals are one of the important components of an aircraft engine to prevent leakage of gas and oil. It is utilized in number of applications throughout the plane from exterior flaps to cockpit windshields. As they are just the small part of aircraft, but plays a crucial role in various operations. The entire plane’s performance can be compromised if failure occurs. Seals are widely used in commercial and military aircraft.
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The seals included are wing seals like flap, slat, aileron and spoiler applications, engine nacelle seals holds fire barrier seals, airframe seals includes door, window, pylon, molded plate, fairing, hatch and access panel seals. The aircraft sealing is very important, while developing a seal, plane manufacturers need to evaluate each software to decide the kind and composition of substances they should hire. Specially for complex seal requirements like on flaps. For example, seals which are used on flap support fairings of commercial airlines must support high pressures and temperature ranging from -580F to 1760F.
Market Growth Factors :
The major driving factor for the growth of market are rise in production rates of main aircraft programs like B737, B787, A320, and A350XWB. The demand for lightweight aircraft seals and for fuel efficiency of aircraft is also increasing. The rise in global aircraft fleet size is also important factor for the growth of market. Commercial aircraft is predicted to be the growth engine of this market. Increasing need for brand new deliveries from Airbus & Boeing, and increasing backlog creates the boom opportunity for component providers throughout aerospace sector.
Market Segmentation :
Aircraft seals market is divided into various different segments based on aircraft type, application type, material type, motion type, function type and region. The aircraft type includes commercial aircraft, regional aircraft, helicopter, military aircraft, and general aviation. The application type segment contains engine, airframe, interior, flight control surfaces, landing gear, wheels & brakes, and hydraulics & actuation. Engine system is considered to be the most dominant application in the market. Based on material type the market is segmented into polymers, composites, and metals. Polymers are predicted to be the largest segment. On basis of motion type it is divided into dynamic and static. On the basis of function type the market is segmented into aerodynamic surface seals, air and fluid handling, fire seals, conductive seals, insulative seals, and others.
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Regional Analysis :
Aircraft seals market is bifurcated into various regions like North America, Europe, APAC, Latin America, MEA. North America is predicted to be the largest market for aircraft seals, due to presence of major manufacturers like Boeing and Airbus. Boeing already has a manufacturing plant in U.S, whereas, Airbus is in process of starting the production. APAC aircraft seals market is considered to be growing with the fastest rate due to surging aviation industry led by China, India, Singapore and Malaysia.
Competitive Analysis :
The major manufacturing players of aircraft seals market are Hutchinson Sa, Trelleborg Ab, Meggitt Plc, Esterline Technologies Corporation, Freudenberg Group, and others. The main focus of manufacturers is on development of optimized products and establishing long time contracts with OEMs (Original Equipment Manufacturers) for business sustainability. The key factors adopted by the players to gain a competitive side in the market are regional expansions, mergers, and acquisitions.
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