Aircraft Fuel Systems Market Scope
Aircraft Fuel Systems comprise of the pump, deliver and also manage fuel to propulsion system and APU. Technological advancement in the aviation industry and increasing government investment in the military sector expected to drive the aircraft fuel system market. For instance recently in 2019, the United States Air Force has accepted the first Boeing KC-46A Pegasus tanker aircraft by Triumph Group. Further, the rising focus on the advancement of military aircraft and increasing global aircraft fleet size are the factors expected to drive the demand for aircraft fuel systems over the forecasted period.
According to AMA, the Global Aircraft Fuel Systems market is expected to see growth rate of 6.8%Aircraft Fuel Systems market companies operating in these industries are focusing more on efficient growth, improvement of operational efficiency and productivity, achieving high safety standards, and focusing on maintaining sustainable development. The market is highly competitive with a few players occupying the major share. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launches, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Aircraft Fuel Systems market throughout the predicted period.
Eaton Corporation Plc (United States), Parker Hannifin Corporation (United States), Woodward, Inc. (United States), Honeywell International, Inc. (United States), Triumph Group, Inc. (United States), Meggitt PLC (United Kingdom), United Technologies Corporation (United States), GKN PLC (United Kingdom), Zodiac Aerospace (France) and AIRFRAMER LTD (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Robertson Fuel Systems a HEICO Company (United States), Woodward, Inc. (United States) and Secondo Mona S.p.A. (Italy).
Segmentation Overview
The study have segmented the market of Global Aircraft Fuel Systems market by Type (Single-Engine Aircraft Gasoline Fuel System, Multi-Engine Aircraft Fuel System and Turbine Fuel System), by Application (Military, Commercial and UAV) and Region with country level break-up.
On the basis of geography, the market of Aircraft 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).
Influencing Trend:
Growing Demand for Unmanned Aerial Vehicle (UAV) and Rising Focus on Designing Low Weight Aircraft Fuel Systems
Market Growth Drivers:
Rising Global Air Traffic Due To Influx of Air Travelers Led To Increase in Demand of Aircraft and Increasing Government Initiatives for Modernization of Military Aircraft
Challenges:
Clearing Existing Backlogs Of Aircraft Deliveries and Effect of Changing Flying Conditions on Fuel Management System
Restraints:
Stringent Government Regulation Regarding Safety of Aircraft Fuel Systems and High Cost and Complexity Involved In Aircraft Fuel Systems
Opportunities:
Growth in Aircraft Fuel Systems Deliveries across the Globe and Increasing Demand for Military Aircraft from Emerging Economies
Market Leaders and their Expansionary Development Strategies
In May 2023, Honeywell's innovative new UOP e Fining technology was a ready-now solution for producing low-carbon sustainable aviation fuel. the technology is efficient and can reduce greenhouse gas emissions by 88% compared to conventional jet fuel.
In March 2019, J-Air Co., Ltd., a regional commuter airline and a wholly owned subsidiary of Japan Airlines choose Honeywell International, Inc. to provide its “Go Direct Flight Efficiency” analytics software to reduce fuel consumption and improve overall flight efficiency.
“All powered aircraft require fuel on board to operate the engine(s). A fuel system consisting of storage tanks, pumps, filters, valves, fuel lines, metering devices, and monitoring devices is designed and certified under strict Title 14 of the Code of Federal Regulations (14 CFR) guidelines. Each system must provide an uninterrupted flow of contaminant-free fuel regardless of the aircraft’s attitude. Since fuel load can be a significant portion of the aircraft’s weight, a sufficiently strong airframe must be designed. Varying fuel loads and shifts in weight during maneuvers must not negatively affect control of the aircraft in flight.”
Key Target Audience
Aircraft Fuel Systems Manufacturers, Aircraft Fuel Systems Distributors/Traders/Wholesalers, Aircraft Fuel Systems Subcomponent Manufacturers, Industry Association and Government Bodies, Downstream Vendors, Government Organizations, Research Institutes, Market Research Firms, Potential Investors and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.