The global aircraft fuel systems market size is expected to reach USD 14.95 Billion at a revenue CAGR of 6.3% in 2028, according to latest analysis by Emergen Research. Steady revenue growth of the global aircraft fuel systems market can be attributed to increasing demand for increasing fuel-efficiency of aircraft. Aircraft companies are investing effort and investments in design and development of lightweight aircraft fuel systems following the green aviation concept. Aircraft emissions are responsible for global warming and increasing air pollution levels have prompted aircraft manufacturing firms to focus on reduction of greenhouse gas emissions by decreasing fuel system weight and improving fuel efficiency.
The report covers the impact analysis of COVID-19 on the market. The pandemic has affected the dynamics of the market on a global level. The report presents the current market scenario and economic landscape with regards to COVID-19 and also provides an analysis of the present and future impact of the pandemic on the global market.
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Key market players operating in the global Aircraft Fuel Systems market and studied in the report include Parker Hannifin Corporation, Triumph Group PLC, Safran SA, Eaton Corporation PLC, Meggitt PLC, Woodward Inc., Raytheon Technologies, GKN Aerospace Services Limited, Crane Co., and Honeywell International Inc.
The report bifurcates the Aircraft Fuel Systems market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Global Aircraft Fuel Systems Market Segmentation
Emergen Research has segmented the global aircraft fuel systems market on the basis of engine type, technology, component, application, and region:
Engine Type Outlook (Revenue, USD Billion; 2018–2028)
Technology Outlook (Revenue, USD Billion; 2018–2028)
Component Outlook (Revenue, USD Billion; 2018–2028)
Fuel Control Monitoring System
Application Outlook (Revenue, USD Billion; 2018–2028)
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Some Key Highlights from the Report
In October 2020, Honeywell International made an announcement about completion of acquisition of Ballard Unmanned Systems’ assets. Ballard Unmanned Systems is engaged in design and manufacture of proton exchange membrane fuel cell systems for powering UAVs, especially used for cargo delivery, energy inspection, and various other defense and commercial applications.
By engine type, jet engine segment contributed largest revenue share to the global market in 2020. A primary advantage of a jet engine in comparison to a piston engine is the enhanced ability of a jet engine to generate greater thrust at high speed and altitude. Various other benefits of a jet engine, include jet engines are much lighter and smaller for a specified amount of power, these engines are much simpler than large piston engines, have enhanced reliability and ruggedness, better capability to burn less refined and cheaper fuels, non-requirement of toxic and cost-prohibitive avgas, more fuel-efficient than larger engines, production of lesser vibration, and very low-requirement for lubrication, and bleed air can be used for HVAC applications, resulting in more cost savings associated with need for extra equipment.
By technology, gravity feed segment revenue is expected to register a significant faster CAGR over the forecast period. An advantage of gravity feed technology is that aircraft fuel will flow even if the tank outlet is not submerged in fuel. However, in case of gravity feed technology, fuel can only flow at low pressure and downhill and thus all aircraft with gravity-feed fuel systems have carbureted engines.
By component, fuel monitoring system segment contributed significantly larger revenue share in 2020. Advantages offered by fuel monitoring systems include real-time fuel level monitoring, cost tracking per mile, provision of alerts on refuel and drain, and delivery of report on fuel usage and mileage.
Key Reasons to Buy This Report:
The report presents a thorough examination of the Aircraft Fuel Systems market, elaborating on its core segments. The report conducts historical and future assessments of the market dynamics and offers precise data in a well-organized order.
The report evaluates the most prominent market growth potentials, dynamic market trends, driving factors, restraints, investment opportunities, and threats.
The report is inclusive of an in-depth study of the industry variables, manufacturers’ value chain, sales volume, market share, competitive landscape, and effective business tactics.
The report further identifies the key regions and segments dominating the market. These regions are foreseen to register fast-paced growth over the forecast duration.
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According to the regional analysis, the market is segmented into the key geographical regions, including North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The report further provides insight into the regions dominating the market and is expected to lead the market in the coming years. The report also discusses the growth rate and market size of each major region for the forecast period. It also covers production and consumption patterns, supply and demand dynamics, current and emerging trends, import/export, and the presence of key players in each region.
In-depth Regional Analysis Covers:
North America (U.S., Canada, Mexico)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
In conclusion, the report provides a qualitative and quantitative analysis of the Global Aircraft Fuel Systems market, including the global and regional analysis of the market. The study covers critical information and factual data about the Aircraft Fuel Systems industry, along with an in-depth statistical analysis of the market drivers, limitations, growth prospects, opportunities, and threats. On the basis of the current market scope, the report provides an extensive analysis of how the Aircraft Fuel Systems market is expected to fare in the forecast timeline. The report utilizes advanced analytical tools to offer an estimation of the outlook of the global state of the Aircraft Fuel Systems industry.
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