Aircraft Engine Seals Market Worth US$ 391.9 million in 2023

Stratview Research has published a new research report on Aircraft Engine Seals Market. This extensive 276-page report by Stratview Research analyses the growth of Aircraft Engine Seals Market over the trend period of 2012 to 2017 and forecast period of 2018 to 2023 under the following segments -
● by Aircraft Type (Commercial Aircraft, Regional Aircraft, and Others)
● by Application Type (Nacelle, Fan Blades, and Others)
● by Motion Type (Dynamic Seals and Static Seals)
● by Function Type (Fire Seals, Conductive and Insulative Seals, and Others)
● by Material Type (Polymer Seals, Metal Seals, and Others)
● and by Region (North America, Europe, Asia-Pacific, and RoW)

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Use of extremely stable oils and lubricants in an engine

Aircraft engines have immensely evolved throughout the journey of the aircraft industry as they play the most pivotal role in an aircraft. Most of the innovations happening in an aircraft engine are primarily targeting three areas: more power, more durability, and more efficiency. Almost all the engine systems and their components have had a disruptive journey with significant changes in design, technology, and materials. Seals are also not untouched with such market dynamics and have experienced significant changes in design and material over the period.

For instance, development of high-thrust engine favors those seals that can withstand harsh environmental conditions. Furthermore, use of extremely stable oils and lubricants in an engine demand seals that do not degrade or deteriorate themselves and also protect related components in such hostile circumstances. Also, engine seals must be quite stable and efficient to sustain in newer engine environment and cope with the existing as well as upcoming challenges.

Rising greenhouse gas emissions

Similarly, rising greenhouse gas emissions are also imprinting a radical impact on aircraft engines as well as seals used in them. The airline industry currently accounts for about 2% of the global greenhouse gas emissions. Rising greenhouse gas emissions is putting enormous pressure to airframers and engine manufacturers for developing advanced engines with enhanced fuel efficiency and reduced carbon emissions. Also, the industry is heavily working for the usage of biofuels as an alternative fuel. Airlines are showing a sheer interest and are ready to invest in such technologies in order to gain sustainability advantage by minimizing the consumption of fossil fuels and contributing towards decarbonization. Engine seals are prone to be compatible with such sustainable aviation fuel options and require advancement in sealing materials.

Increasing production rates of key aircraft programs

The aircraft engine seals market is projected to grow at a healthy growth over the next five years to reach US$ 391.9 million in 2023. Engine is the most dominant application area of seals in an aircraft and accounts for more than 35% of the total aircraft seals market. Increasing production rates of key aircraft programs, such as B737, B787, A320, and A350XWB; increasing demand for lightweight aircraft engine seals; growing need for reducing engine maintenance requirements, an increased demand for improving fuel efficiency; and rising aircraft fleet size are the major factors that are burgeoning the demand for seals in the aircraft engine market.

Commercial aircraft to remain the growth engine

The aircraft engine seals market is segmented based on the aircraft type as Commercial Aircraft, Regional Aircraft, Helicopter, Military Aircraft, and General Aviation. Commercial aircraft is expected to remain the growth engine of the aircraft engine seals market during the forecast period of 2018 to 2023. Increasing commercial aircraft deliveries to support rising passenger traffic, introduction of fuel-efficient next-generation aircraft, advancement in turboprop engines and propulsion systems, and rising commercial aircraft fleet size across regions are the key factors propelling the demand for seals in the segment.

Seals are used in a wide spectrum of engine applications

Based on the application type, the aircraft engine seals market is segmented as Nacelle, Oil & Fuel System, Fan Blade, Combustion & Exhaust Section, and Others. Seals are used in a wide spectrum of engine applications including fan blade, pylon seals, thrust reverser, fan cowls, heat exchanger, bleed air seals, fire seals, air inlet seals, vane grommets elastomeric gaskets, shaft seals, metering units, valves, and filters. Nacelle is expected to remain the most dominant application segment of the market during the forecast period.

Polymer seal to remain the largest segment

Based on the material type, the aircraft engine seals market is segmented as Polymer Seals, Composite Seals, and Metal Seals. Polymer seal is likely to remain the largest segment of the aircraft engine seals market during the forecast period, whereas composite seal is expected to witness the highest growth during the same period. Metals seals, another considerable segment, are increasingly being replaced with polymer and composite seals.

North America to remain the largest market

Based on regions, North America is expected to remain the largest aircraft engine seals market during the forecast period, whereas Asia-Pacific is expected to experience the highest growth during the same period. Higher growth of aircraft engine seals market in Asia-Pacific is mainly attributable to the increasing aircraft fleet to support rising passenger traffic; opening of assembly plants of Boeing and Airbus for B737, A320, and A330 aircraft programs; increasing procurement of military aircraft, owing to rising defense budget; and upcoming indigenous commercial and regional aircraft (C919 and MRJ).

Top market players

The supply chain of this market comprises raw material suppliers, aircraft engine seal manufacturers, distributors, part suppliers, aircraft manufacturers, and airline companies. Major aircraft engine seal manufacturers are Hutchinson SA, Trelleborg AB, Meggitt Plc, Esterline Technologies Corporation, and Freudenberg Group. Development of optimized aircraft engine seals, regional expansion, and formation of mergers & acquisitions are the key strategies adopted by the major players to gain a competitive edge in the market.

Why Stratview Research

Our report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
● Aircraft Engine Seals Market overview, industry life cycle analysis, supply chain analysis
● Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
● Market trend (2012 – 2017) and forecast analysis (2018-2023) of each segment.
● Competitors’ market share, product portfolio and new launches.
● Growth opportunities in each segment.
● Emerging trends which will decide the future course of development.
● Strategic growth opportunities for the existing and new players
● Key success factors.

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