Aircraft Engine Fuel System Market – by Aircraft Type (Commercial Aircraft, Military Aircraft, and UAV ) by Engine Type (Jet Engine, Turboprop Engine, Helicopter Engine, and UAV Engine), by Component (Piping, Inerting Systems, Fuel Pumps, Fuel Valves, Fuel Gauging & Management System, Fuel Filters, and Fuel Tanks) by Technology (Fuel Injection Technology, Pump Feed Technology, and Gravity Feed Technology), and by Region – Global Industry Sizing, Growth, Trend, Opportunity, and Forecast (2020–2025)
The aircraft engine fuel system market report covers a thorough analysis of the market dynamics, business models, segmental/regional analysis, and respective market shares and strategies adopted by the key market players operating globally. It entails an in-depth analysis of the factors influencing the global market and market statistics indicating region-wise and segment-wise market share/growth analysis. The report’s study will outlook one of the most exhaustive analyses of the market, capturing all the aircraft engine fuel system industry aspects.
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Aircraft Engine Fuel System Market Introduction
The aircraft engine fuel system market size is USD 8.2 Billion in 2019 and it is expected to register a 7.73% CAGR during the forecast period 2020-2025. Airlines around the world are focusing on installing fuel-efficient aircraft engines, as fuel has a major share in the overall operating cost of an aircraft flight. Competitive developments, such as long-term contracts, new fuel-efficient product launches, continuous research & development activities, are trending in the aircraft engine fuel system market.
Factors Affecting the Aircraft Engine Fuel System Industry Over the Forecast Period-
- The global aircraft engine fuel system market is primarily driven by the increase in the number of commercial aircraft deliveries, modernization of military aircraft, and innovations in the commercial aviation sector, which has a significant contribution to market growth.
- The increase in demand for new lightweight aircraft is estimated to create new opportunities in the aircraft engine fuel system market.
- Huge body aircraft tend to consume more amount of fuel than narrow and wide-body aircraft; hence storage of a high amount of fuel is cost-sensitive, which creates a major challenge in the aircraft engine fuel system market.
- Trade war in the oil-producing countries, especially in the US and Russia, may impact aviation fuel prices and indirectly impact the growth of the aircraft engine fuel system market.
- With the emergence of aircraft manufacturers in developing economies of the world, such as India, China is expected to accelerate the growth of the market.
Impact of COVID-19 on Aircraft Engine Fuel System Market:
The aircraft engine fuel system market had a major impact on the coronavirus COVID-19 outbreak. Due to the pandemic, the government and other local authorities have imposed a complete lockdown in severely affected areas, which has disrupted any transportation mode. Also, the demand for aircraft fuel was less .During the early stages of the pandemic, international and domestic airlines were suspended for a few months, which did not involve any activities across and within the country. On the other half of the pandemic, the situation is less difficult; the Aircraft Engine fuel System Market is expected to grow to overcome the losses made in the pandemic’s early stages.
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Aircraft Engine Fuel System Market: Scope of the Report
The report outlines the global aircraft engine fuel system market study based on aircraft type, engine type, component, and technology.
Based on the Aircraft Type, the Aircraft Engine Fuel System Market has been segmented into –
- Commercial Aircraft
- Military Aircraft
Based on the Engine Type, the Aircraft Engine Fuel System Market has been segmented into –
- Jet Engine
- Turboprop Engine
- Helicopter Engine
- UAV Engine
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Based on the Component, the Aircraft Engine Fuel System Market has been segmented into –
- Piping, Inerting Systems
- Fuel Pumps
- Fuel Valves
- Fuel Gauging & Management System
- Fuel Filters
- Fuel Tanks
Based on the Technology, the Aircraft Engine Fuel System Market has been segmented into –
- Fuel Injection Technology
- Pump Feed Technology
- Gravity Feed Technology
Aircraft Engine Fuel System Market: Regional Outloo
Based on the region, the global aircraft engine fuel system market has been segmented into five geographical regions, namely, North America, Asia Pacific, Europe, South America, and the Middle East and Africa. In 2019, North America held the largest share of the total global Aircraft Engine Fuel System Market, followed by Europe and the Asia Pacific. Moreover, North-America is expected to project the highest CAGR globally over the forecast period.
Key Global Aircraft Engine Fuel System Market Competitors Includes –
The global aircraft engine fuel system market is highly fragmented, with the presence of a large number of small players across the globe. The vital aircraft engine fuel system industry operating in the global market are –
- Honeywell International Inc.
- Parker Hannifin Corporation
- Woodward, Inc.
- Triumph Group, Inc.
- Meggitt PLC
- GKN PLC
- Safran SA
- Crane Co.
- United Technologies Corporation
The aircraft engine fuel system market report provides a thorough analysis of macro-economic factors and every segment’s market attractiveness. The report will include an in-depth qualitative and quantitative assessment of segmental/regional outlook with the market player’s presence in the respective segment and region/country. The information concluded in the report includes the inputs.
Aircraft Engine Fuel System Market Report Covers Comprehensive Analysis On:
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