About Aircraft Engine Fuel Systems
An aircraft engine fuel system allows fuel to be loaded, stored, managed, and delivered to the engine of the aircraft. It is an important part of the aviation industry. They are equipped with one or more fuel tanks to store fuel. There are a variety of advantages, including improved fuel efficiency, reduced emissions of greenhouse gases, etc. Ongoing research and development activities in the aerospace sector drive technological advancements in aircraft engine fuel systems. Innovations focused on improving reliability, efficiency, and safety are the key factors driving this market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
As the airline companies are focusing on the attainment of increased aircraft efficiencies and reduction of the operational costs, the market for aircraft engine fuel systems is expected to witness a significant growth, during the forecast period. Competition among existing players is due to the stiff market share occupied by leading players. Understanding the diverse needs of consumers and adapting to changing preferences are critical aspects of thriving in this competitive market. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
GKN Aerospace Services Limited (United Kingdom), Honeywell International Inc. (United States), Eaton Corporation (Ireland), International Aero Engines (United States), Meggitt PLC (United Kingdom), Liebherr-Aerospace GmbH (Germany), CFM International. (United States), Safran (France), United Technologies Aerospace Systems (United States), Liebherr-Aerospace (Germany), Pratt & Whitney (United States) and Wood Group (United Kingdome) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Aircraft Engine Fuel Systems market by , Application (Commercial Aviation, Military Aviation, Private Aviation, Cargo Aviation and Others) and Region.
On the basis of geography, the market of Aircraft Engine Fuel Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Engine Type, the sub-segment i.e. Jet Engine will boost the Aircraft Engine Fuel Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Fuel Tank will boost the Aircraft Engine Fuel Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The increased demand of electrification and hybrid-electric propulsion in aviation
Market Growth Drivers:
The growth of the global aviation industry, including both commercial and military sectors.
Challenges:
Developing and certifying new fuel systems is a complex and expensive process.
Restraints:
The aviation industry is sensitive to fluctuations in fuel prices
Opportunities:
Development of fuel system components using advanced materials and manufacturing processes such as, lightweight material. and Develop components on fuel system tailored the emerging technologies such as, fuel cells, energy storage systems, and power distribution solutions.
Market Leaders and their expansionary development strategies
In August 2023, GKN Aerospace partnership with Marshall, and Parker Aerospace are leveraging their world-leading capabilities to collaborate under a Memorandum of Understanding (MoU) aimed at exploring liquid hydrogen fuel system solutions for the next generation of zero emission aircraft.
In January 2023, Honeywell received its first delivery of sustainable aviation fuel at its Phoenix Engines campus. The fuel will support development and production testing of auxiliary power units (APUs) and propulsion engines at the site, along with testing of fielded units from Honeywell's repair and overhaul facility. and In July 2023, Chevron and W.R. Grace & Co. launched hydro processing catalyst solution to produce renewable diesel (RD) and sustainable aviation fuel (SAF), ENDEAVORTM, from 100% renewable sources, such as refined oils, vegetable oils, animal fats, and greases.
Key Target Audience
Supplier, Manufacturer, Research organization, Government Regulatory, End-User Industry and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.