Aircraft Engine Fuel Systems Market with Manufacturing Process and CAGR Forecast by 2027 – The Greater Binghamton Business Journal
Aircraft Engine Fuel Systems Market – By Aircraft Type (Commercial Aircraft, Military Aircraft and UAV) By Engine Type (Jet Engine, Turboprop, Helicopter Engine and UAV Engine), By Component (Piping, inerting systems, fuel pumps, fuel valves, fuel gauging and management system, fuel filters and fuel tanks) by technology (fuel injection technology, pump feed technology and Gravity Feed) and Region – Global Industry Sizing, Growth, Trend, Opportunity and Forecast (2020–2025)
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The Aircraft Engine Fuel Delivery Systems Market report covers an in-depth analysis of market dynamics, business models, segmental/regional analysis and respective market shares and strategies adopted by major market players operating around the world. It involves an in-depth analysis of factors influencing the global market and market statistics indicating market share/growth analysis by region and segment. The report study will feature one of the most comprehensive analyzes in the market, capturing all aspects of the Aircraft Engine Fuel Systems industry.
Aircraft Engine Fuel Systems Market Overview
The aircraft engine fuel systems market size is USD 8.2 billion in 2019 and it is expected to register a CAGR of 7.73% during the forecast period 2020-2025. Airlines around the world are focusing on installing fuel-efficient aircraft engines, as fuel represents a significant portion of the overall operating cost of an aircraft flight. Competitive developments, such as long-term contracts, new fuel-efficient product launches, continuous research and development activities are trending in the aero engine fuel system market.
Factors affecting the Aircraft Engine Fuel Supply Systems industry over the forecast period-
- The global aircraft engine fuel systems market is primarily driven by increasing number of commercial aircraft deliveries, modernization of military aircraft and innovations in the commercial aviation sector, which contributes significantly to market growth.
- It is estimated that increasing demand for new light aircraft will create new opportunities in the aircraft engine fuel systems market.
- Huge-body aircraft tend to consume more fuel than narrow-body and wide-body aircraft; therefore, the storage of a large amount of fuel is cost sensitive, which creates a major challenge in the aircraft engine fuel system market.
- The trade war in the oil-producing countries, especially in the United States and Russia, may impact the prices of aviation fuel and indirectly the growth of the aircraft engine fuel systems market.
- With the emergence of aircraft manufacturers in the 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 systems market has had a major impact on the COVID-19 coronavirus outbreak. Due to the pandemic, the government and other local authorities have imposed a complete lockdown in severely affected areas, which has disrupted all modes of transportation. In addition, the demand for jet fuel was less. At the start of the pandemic, international and domestic airlines were suspended for a few months, which involved no activity across and within the country. On the other half of the pandemic, the situation is less difficult; the aircraft engine fuel systems market is expected to grow to overcome the losses incurred at the start of the pandemic.
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Aircraft Engine Fuel Systems Market: Report Scope
The report outlines the global Aircraft Engine Fuel Delivery Systems market study based on aircraft type, engine type, component, and technology.
On the basis of aircraft type, the aircraft engine fuel systems market has been segmented into –
- Commercial aircraft
- military aircraft
On the basis of engine type, the aircraft engine fuel systems market has been segmented into –
- Airplane engine
- helicopter engine
- drone motor
On the basis of component, the aircraft engine fuel systems market has been segmented into –
- Piping, inerting systems
- Fuel pumps
- Fuel valves
- Fuel gauge and management system
- Fuel filters
- Petrol tank
On the basis of technology, the Aircraft Engine Fuel Systems Market has been segmented into –
- Fuel injection technology
- Pump feed technology
- Gravity Feed Technology
Aircraft Engine Fuel Systems Market: Regional Outlook
Based on region, the global aircraft engine fuel supply systems market has been segmented into five geographical regions namely North America, Asia-Pacific, Europe, America South, the Middle East and Africa. In 2019, North America held the largest share of the total global aircraft engine fuel systems market, followed by Europe and Asia-Pacific. Moreover, North America is expected to project the highest CAGR in the world during the forecast period.
Leading Competitors in the Global Aircraft Engine Fuel Systems Market include-
The global aircraft engine fuel systems 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 is –
- Honeywell International Inc.
- Parker Hannifin Corporation
- Woodward, Inc.
- Triumph Group, Inc.
- Meggitt PLC
- Safran S.A.
- Crane Co.
- United Technologies Corporation
The Aircraft Engine Fuel Systems Market report provides an in-depth analysis of macroeconomic factors and market attractiveness of each segment. The report will include an in-depth qualitative and quantitative assessment of industry/regional outlook with market player’s presence in the respective segment and region/country. The information concluded in the report includes the entries.
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Aircraft Engine Fuel Delivery System Market Report Covers Comprehensive Analysis on:
- Market Segmentation and Regional Analysis
- 10 year market size
- Price analysis
- Supply and demand analysis
- Product life cycle analysis
- Porter’s Five Forces and Value Chain Analysis
- Analysis of developed and emerging economies
- PEST analysis
- Factor analysis of the market and forecasts
- Opportunities, risks and market trends
- Conclusion and recommendation
- Regulatory landscape
- Patent analysis
- Competition Landscape
- More than 15 company profiles
Regional Analysis of Aircraft Engine Fuel System Market Includes:
- North America (United States, Canada, Mexico)
- South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
- Europe (Germany, Italy, France, UK, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, Netherlands, Norway, Sweden, Denmark, Rest of Europe)
- Asia-Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, Philippines, Singapore, Australia and New Zealand, Rest of Asia-Pacific)
- The Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, North Africa, Rest of MEA)
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Aircraft Engine Fuel Systems Market: Target Audience
- aircraft manufacturers
- Aircraft Engine Fuel System Component Suppliers
- Aerospace companies
- Technology companies
- Advocacy organizations
- Government authorities
- Defense companies
- Research institutes
- Regulatory bodies