The Aircraft Fuel System Market Size was valued at USD 9.79 Billion in 2022 and is expected to reach USD 16.82 billion by 2030 with a growing CAGR of 7.0% From 2023 to 2030.
The jet fuel system pumps fuel from the fuel tank to the aircraft engine. This system contains fuel tanks, pipelines, fuel pumps, fuel gauges, valves, and fuel monitoring systems. Fuel is stored in fuel tanks, housed in a wing structure, and in the event of a long-distance flight, additional fuel tanks or tanks are supplied to the fuselage.
The dramatic increase in aircraft delivery is believed to be the key pilot in the world. Airlines are now investing in low-cost Aircraft Fuel Systems, thus contributing to market growth. However, the reluctance of some aircraft to install Aircraft Fuel Systems early has severely hampered market growth. On the other hand, the development of modern aircraft, which includes a new fuel filling system and emergency Aircraft Fuel Systems, will likely create greater market opportunities for Aircraft Fuel Systems.
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The report divides the market for Aircraft Fuel Systems by use, engine type, component, and technology. Based on the application, the market is divided into commercial, military, and UAVs. The engine types include a jet engine, a helicopter engine, a turboprop engine, and a UAV engine. The market partially includes pipelines, gas supply systems, fuel pumps, fuel valves, fuel gauges, fuel control systems, and fuel filters. Based on technology, the market is divided into fuel injection, pump supply, and gravity supply.
KEY DRIVERS
The famous development of the Aircraft Fuel Systems Market is due to the increase in the creation of aircraft around the world. The increase in interest in the aircraft was due to an increase in step-by-step traffic for passengers around the world. Additionally, according to IATA (International Air Transport Association), about 700 courses are set up for better networks worldwide.
RESTRAINTS
This development of global Aircraft Fuel Systems The market value will also add to the development of cargo companies and the aviation industry which will enhance the development of the aviation fuel market over some time. In addition, R&D has completed the equipment of the Aircraft fuel tank market to improve its cohesion just as it reduces the difficulty of the aircraft expanding its product later.
OPPORTUNITIES
Similarly, the developing point for aircraft manufacturers by weight of the aircraft is declining without compromising cohesion and the nature of the work, which is expected to increase interest rates for the most powerful and lightweight trends in the aviation fuel market. Apart from this, the Flight fuel tank market is a very important part of all aircraft. Later, the development of the aviation industry will also be commensurate with the development of the global Aircraft Fuel Systems market.
CHALLENGES
In any case, items, for example, strict rules and regulations from regulatory experts and the high cost of integration planning are relied upon to limit the development of the Aircraft Fuel Systems Market analysis over the measurement period. However, a continuous pattern of incorporating refined and improved innovation gear for better results will contribute to improving the interest of the Aircraft Fuel Systems market during the calculation.
THE IMPACT OF COVID-19:
The COVID-19 epidemic, which began in early 2020, has had a profound effect on human and industrial activity. China's airline dropped abruptly in February 2020, following a gradual recovery throughout the year. Airlines have responded to this unprecedented event by drastically reducing air traffic control and redesigning aircraft. As the first major economy to successfully control the distribution of COVID-19, China could offer a unique opportunity to measure the long-term impacts on the air transport industry. To quantify the corresponding changes and clarify the effects of COVID-19 after the outbreak of two major outbreaks in Wuhan and Beijing, we analyzed twelve routes made up of four selected airports, using Automatic Dependent Surveillance-Broadcast (ADS-B) data. in 2019 and 2020. Our results show that the total volume of aircraft in 2020 has dropped to 67.8% of 2019 in China. The flight volume recovery time was approximately 2-6 months, depending on the severity. To overcome this difficult challenge, airlines mainly rely on the B738 and A321 aircraft between February and June 2020 because fuel consumption per seat for each of these two aircraft is very low. In addition, fuel consumption and aircraft emissions are calculated according to the Base of Aircraft Data (BADA) and the International Civil Aviation Organization's Engine Emissions Databank (ICAO's EDB). By the end of 2020, estimates of daily fuel consumption and aviation for 2020 to 2019 have reached nearly 0.875, indicating that domestic commercial airlines are almost completely available. Our results may provide practical guidance and reasonable expectations for the management of commercial aviation in other countries.
By Application
Military
Commercial
UAV
By Engine Type
UAV Engine
Jet Engine
Helicopter Engine
Turboprop Engine
By Component
Piping
Pump
Valve
Gauges
Inserting Systems
Filters
By Technology
Gravity Feed
Fuel Feed
Fuel Injection
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REGIONAL ANALYSIS
The North American region is relied upon to see the largest piece of pie at the time of the arrival of the figure caused by new never-ending aircraft connected to key market makers who have easy access to their item to provide specific examples. Also, rising flight orders in the area are combined with an escalating pattern to update existing / frequent airlines to relieve the market view of Flight fuel tanks over a limited period of time. The rise of the military spending plan in the US is expected to further the development of the Aviation fuel tank market during speculation combined with the rise of government drives to provide specific examples. Asia-Pacific is relied upon to see a fast-growing CAGR accelerated in the near future due to rising interest rates from emerging economies, for example, China and India combined with rising military costs to provide specific examples.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
South Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The Major Players are United Technologies Corporation, Eaton Corporation PLC, Honeywell International, Inc., Triumph Group, Inc., Meggitt PLC., Zodiac Aerospace, GKN plc, Parker Hannifin Corporation Woodward, Inc., Woodward, Inc., Crane Co. and Other Players
United Technologies Corporation-Company Financial Analysis
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 9.79 Billion |
| Market Size by 2030 | US$ 15.7 Billion |
| CAGR | CAGR of 7% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Application (Military, Commercial, UAV) • By Engine Type (UAV Engine, Jet Engine, Helicopter Engine, Turboprop Engine) • By Component (Piping, Pump, Valve, Gauges, Inserting Systems, Filters) • By Technology (Gravity Feed, Fuel Feed, Fuel Injection) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | United Technologies Corporation, Eaton Corporation PLC, Honeywell International, Inc., Triumph Group, Inc., Meggitt PLC., Zodiac Aerospace, GKN plc, Parker Hannifin Corporation Woodward, Inc., Woodward, Inc., Crane Co. |
| Key Drivers | • The famous development of the Aircraft Fuel Systems Market is due to the increase in the creation of aircraft around the world. |
| RESTRAINTS | • development of cargo companies and the aviation industry |
Raw material vendors, Distributors/traders/wholesalers/suppliers, Regulatory authorities, including government agencies and NGO, Commercial research & development (R&D) institutions, Importers and exporters, Government organizations, research organizations, and consulting firms, Trade/Industrial associations, End-use industries.
North America, Asia-Pacific, The Middle East & Africa, Latin America, Europe are the major five region covered in this report.
This market's current market price is 15.7 billion.
The COVID-19 epidemic, which began in early 2020, has had a profound effect on human and industrial activity. China's airline dropped abruptly in February 2020, following a gradual recovery throughout the year. Airlines have responded to this unprecedented event by drastically reducing air traffic control and redesigning aircraft. As the first major economy to successfully control the distribution of COVID-19, China could offer a unique opportunity to measure the long-term impacts on the air transport industry.
Manufacturers/Service provider, Consultant, Association, Research institute, private and universities libraries, Suppliers and Distributors of the product.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Aircraft Fuel Systems Market Segmentation, By Application
8.1 Military
8.2 Commercial
8.3 UAV
9. Aircraft Fuel Systems Market Segmentation, By Engine Type
9.1 UAV Engine
9.2 Jet Engine
9.3 Helicopter Engine
9.4 Turboprop Engine
10. Aircraft Fuel Systems Market Segmentation, By Component
10.1 Piping
10.2 Pump
10.3 Valve
10.4 Gauges
10.5 Inserting Systems
10.6 Filters
11. Aircraft Fuel Systems Market Segmentation, By Technology
11.1 Gravity Feed
11.2 Fuel Feed
11.3 Fuel Injection
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 USA
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 France
12.3.4 Italy
12.3.5 Spain
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4 Asia-Pacific
12.4.1 Japan
12.4.2 South Korea
12.4.3 China
12.4.4 India
12.4.5 Australia
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.1 Israel
12.5.2 UAE
12.5.3 South Africa
12.5.4 Rest
12.6 Latin America
12.6.1 Brazil
12.6.2 Argentina
12.6.3 Rest of Latin America
13. Company Profiles
13.1 GKN plc.
13.1.1 Financial
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2 Honeywell International, Inc.
13.3 Triumph Group, Inc..
13.4 Meggitt PLC.
13.5 Zodiac Aerospace
13.6 Eaton Corporation PLC
13.7 Parker Hannifin Corporation Woodward, Inc.
13.8 United Technologies Corporation.
13.9 Woodward, Inc.
13.10 Crane Co.
14. Competitive Landscape
14.1 Competitive Benchmark
14.2 Market Share analysis
14.3 Recent Developments
15. Conclusion
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