Stratview Research has published a new report titled “Aircraft Fuel Systems Market” which is segmented by Aircraft Type (Commercial Aircraft, Military Aircraft, and UAV), by Engine Type (Jet Engine, Turboprop Engine, Helicopter Engine, and UAV Engine), by Component Type (Piping, Inerting Systems, Fuel Pumps, Fuel Valves, Fuel Gauging and Management System, Fuel Filters, Fuel Tanks, and Others), by Technology Type (Fuel Injection Technology, Pump Feed Technology, and Gravity Feed Technology), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
As per the study, the market is projected to grow at a healthy rate during 2019-2024 to reach US$ 7,059.1 million in 2024.
Report Highlights
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It provides a thorough analysis of the market segments which include products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
Based on the Aircraft type-
- This market is segmented based on the aircraft type as Commercial Aircraft, Military Aircraft, and Unmanned Aerial vehicles.
- Commercial aircraft is expected to remain the largest segment of the aircraft fuel systems market during the forecast period.
- Increasing commercial aircraft deliveries, higher demand for fuel-efficient aircraft and rising aircraft fleet size are key growth drivers of the segment’s market.
- Boeing anticipated that approximately 44,040 commercial and regional aircraft will be delivered from 2019 to 2038. A320 family, B737, B787, and A350XWB would remain the growth engines of the market.
- The UAV segment is also projected to witness the highest growth over the next five years, propelled by increasing investment in the development of UAVs across the world.
Based on the Engine type –
- This market is also segmented based on the engine type as Jet Engines, Turboprop Engines, Helicopter Engine, and UAV Engine.
- The jet engine is expected to remain the growth engine of the aircraft fuel systems market during the forecast period, driven by a higher penetration in commercial and regional aircraft.
Which Region is expected to remain the largest market?
Regional Insights of Aircraft Fuel Systems Market
- North America is projected to remain the largest aircraft fuel systems market during the forecast period, driven by the USA.
- The region is the manufacturing capital of the aerospace industry with the presence of several large- to small-sized aircraft manufacturers, MRO players, tier players, and raw material suppliers.
- The North American aerospace industry is well-developed and possesses strong technological capabilities.
- Asia-Pacific is the fastest-growing market for aircraft fuel systems during the same period, driven by a high commercial aircraft fleet, indigenous production of commercial and regional aircraft, the opening of assembly plants in China by both major commercial aircraft OEMs (Boeing and Airbus), and increasing the defense budget.
- China and India are the key growth engines of the Asia-Pacific’s aircraft fuel systems market.
Who are the Key Players in the Market?
This report provides market intelligence most comprehensively. It also provides critical insights into the key players active in the market, that will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players active in the Aircraft Fuel Systems Market:
- Eaton Corporation Plc
- Parker Hannifin Corporation
- Collins Aerospace
- Triumph Group
- Woodward, Inc.
- GKN Plc (GKN Aerospace)
- Honeywell International Inc
- Safran (Zodiac Aerospace)
- Meggitt Plc
Key questions answered by the report
- What is the projected CAGR for revenue from the Aircraft Fuel Systems Market during the forecast period?
- What would the market be valued at by 2027?
- What is a major driving factor for the growth of the market?
- Which region accounted for the largest revenue share in the Aircraft Fuel Systems Market?
- Which are the major market players?
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