PUBLISHER: Orion Market Research | PRODUCT CODE: 1215645
PUBLISHER: Orion Market Research | PRODUCT CODE: 1215645
Title:Global Aircraft Fuel Systems Market Size, Share, and Trends Analysis Report by Technology (Gravity Feed, Pump Feed, and Fuel Injection Systems), and By Application (Commercial Aircraft, Military Aircraft, and UAV), Forecast Period (2022-2028).
The global aircraft fuel systems market is anticipated to grow at a CAGR of 6.8% during the forecast period. The key factor driving the growth of the market includes an increase in demand for new generation aircraft from both the commercial and military sectors. Additionally, to meet customer needs, the development of low-weight fuel system components is likely to boost market expansion during the forecast period. Furthermore, the introduction of more electric infrastructure in aircraft subsystems is expected to generate opportunities for innovation in the aircraft's fuel systems. However, the fluctuating prices of raw materials required for manufacturing aircraft fuel systems may hinder the growth of the market during the forecast period. This report will further analyze all the primary and secondary factors that are directly or indirectly impacting the growth of the aircraft fuel systems market.
The global aircraft fuel systems market is segmented based on technology and application. Based on the technology, the market is segmented into gravity feed, pump feed, and fuel injection systems. Based on the application, the market is sub-segmented into commercial aircraft, military aircraft, and UAV. The demand for aircraft fuel systems in general aviation aircraft and UAV is growing rapidly due to the rising number of private aircraft for business and recreational activities. The above-mentioned segments can also be customized as per the requirements.
Geographically, the global aircraft fuel systems market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. The market can also be analyzed for a particular region or country level as per the requirement. Asia-Pacific holds a considerable share in the global aircraft fuel systems market as people of this region actively adopt new technologies.
The major companies serving the global aircraft fuel systems market include Eaton Corp. Plc, Honeywell International Inc., The Boeing Co., United Technologies Corp., GKN Aerospace, Parker Hannifin Corp., and Triumph Group Inc., among others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance-
In July 2021, the EU-funded Safer FUEL (SAFUEL) project was initiated to develop technologies that can overcome the challenges given by electrical connectivity and extremely flammable composite materials used in modern airplanes.
In January 2020, Maverick Helicopters at Heli-Expo 2020 announced that it will modernize its whole fleet of 34 EC130 B4 helicopters with an airbus crash-resistant fuel system.
Research Methodology
The market study of the global Aircraft Fuel Systems market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives as possible, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include:
The report provides an in-depth analysis of the market size and intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
The Report Covers: