The main objective of this Aircraft Fuel Systems Market study is to offer a detailed assessment of the business based on type, sector as well as geography. The researchers analyzing different elements associated with the business further offer extensive data regarding various factors such as opportunities, drivers, restraints and challenges influencing the growth rate of the Aircraft Fuel Systems industry.

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.

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Global Aircraft Fuel Systems Market Highlights:

• Regional demand estimation and forecast
• Product Mix Matrix
• Cost-Benefit Analysis
• Pre-commodity pricing volatility
• Supply chain optimization analysis
• Technological updates analysis
• Raw Material Sourcing Strategy
• Competitive Analysis
• Mergers Acquisitions
• Location Quotients Analysis
• Carbon Footprint Analysis
• Patent Analysis
• Vendor Management

Competitive Landscape:

The latest study provides an insightful analysis of the broad competitive landscape of the global Aircraft Fuel Systems market, emphasizing the key market rivals and their company profiles. A wide array of strategic initiatives, such as new business deals, mergers acquisitions, collaborations, joint ventures, technological upgradation, and recent product launches, undertaken by these companies has been discussed in the report. The report analyzes various elements of the market’s competitive scenario, such as the regulatory standards and policies implemented across the industry over recent years. Our team of experts has leveraged several powerful analytical tools, such as Porter’s Five Forces analysis and SWOT analysis, to deliver a comprehensive overview of the global Aircraft Fuel Systems market and pinpoint the fundamental growth trends. 

Key Companies Profiled in the Report are:

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

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Key Parameters Analyzed in This Section:

• Company Profiles
• Gross Revenue
• Profit margins
• Product sales trends
• Product pricing
• Industry Analysis
• Sales distribution channels

Regional Segmentation:

• North America
• Latin America
• Europe
• Middle East Africa
• Asia Pacific

Key Points Covered in This Section:

• Regional contribution
• Estimated revenue generation
• Vital data and information about the consumption rate in all the leading regional segments
• An expected rise in market share
• Forecast growth in the overall consumption rate

Segments Covered in this report are:

• Engine Type Outlook (Revenue, USD Billion; 2018–2028)

  • Jet Engine
  • Turboprop Engine
  • Helicopter Engine
  • UAV Engine

• Technology Outlook (Revenue, USD Billion; 2018–2028)

  • Pump Feed
  • Fuel Injection
  • Gravity Feed

• Component Outlook (Revenue, USD Billion; 2018–2028)

  • Piping
  • Pumps
  • Valves
  • Inerting Systems
  • Fuel Control Monitoring System
  • Filters
  • Gauges

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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.
• Aircraft fuel systems market in Asia Pacific accounted for largest revenue share in 2020 and is expected to register fastest revenue share in 2020, attributed to presence of larger population, rising disposable income, and increasing air passenger traffic leading to increasing demand for new aircraft.

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