Aircraft Airframe Fuel Systems Market Forecasted to reach US$ 4,743.1 million in 2023

Stratview Research has launched a research report on Aircraft Airframe Fuel Systems Market. The objective of this report is to identify the Trend, Forecast, Competitive Analysis, and Growth Opportunity of Aircraft Airframe Fuel Systems Market from 2018 to 2023.

This 250-page report is segmented in five ways to provide a 360-degree holistic view. The segments are –
● by Aircraft Type (Commercial Aircraft, UAV, and Others)
● by Engine Type (Jet Engine, UAV Engine, and Others)
● by Component Type (Piping, Fuel Pumps, and Others)
● by Technology Type (Fuel Injection, Pump Feed Technology, and Others)
● and by Region
○ North America (Country Analysis: the USA, Canada, and Mexico)
○ Europe (Country Analysis: Germany, France, the UK, Spain, Russia, and Rest of Europe)
○ Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
○ Rest of the world (Country Analysis: Middle East, Latin America, and Others)

Stratview Research, has presented the study of Aircraft Airframe Fuel Systems Market over the trend period of 2012 to 2017 and forecast period of 2018 to 2023. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

Eaton Corporation Plc, Parker Hannifin Corporation, United Technologies Corporation, Triumph Group, Zodiac Aerospace., GKN Plc, Honeywell International, Inc. and Meggitt Plc are the key players in the aircraft airframe fuel Systems market. Formation of long-term contracts, the development of lightweight components, and collaboration with customers are the key strategies adopted by major players to gain a competitive edge in the market throughout the globe.

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Demanding more fuel-efficient aircraft

The coming five years for the airframe fuel systems market in the aircraft industry are going to be vigorous with a myriad of opportunities in the entire ecosystem of the market. Most of the players are developing innovative solutions in order to meet the keep changing requirements of aircraft OEMs and airlines. It is expected that the industry stakeholders will introduce more innovative solutions in the coming years with respect to enhance the overall aircraft’s fuel efficiency and to upsurge the reliability and veracity of fuel transmission from fuel tanks to engines.

Fuel systems play a vital role in the aircraft industry as they deliver, manage, and control the flow of fuel and its rate from fuel tanks, generally located at the wings or aircraft belly or both, to all engines. The global airline industry is fiercely competitive with the presence of more than 800 active airlines. All airlines, either low-cost carriers or premium airlines, are rigorously optimizing their operations. They are demanding more fuel-efficient aircraft to mitigate their operational cost as fuel roughly cost 30% of the airlines’ operational cost.

Reduction in the weight of aircraft

Aircraft manufacturers are increasingly incorporating advanced lightweight materials in both structural and semi-structural components to reduce the weight of the aircraft. Reduction in the weight of aircraft considerably improves the fuel efficiency. For instance, B787 and A350XWB, the two recently developed next-generation aircraft, constitute composite materials up to 53% of the total structural weight of the aircraft. Airframe fuel systems are also not untouched by such dynamics and experiencing a greater usage of advanced lightweight materials.

The aircraft airframe fuel systems market is projected to reach an estimated value of US$ 4,743.1 million in 2023. There are a host of factors burgeoning the demand for airframe fuel systems in the aircraft industry. Among all the drivers, the biggest one is an organic growth of aircraft demand. Boeing anticipated that there would be total deliveries of 41,030 commercial aircraft worth US$ 6.1 trillion in the global marketplace during 2017-2036. Asia-Pacific and North America would be the biggest demand generators with a combined share of 60.2% of the total commercial aircraft deliveries during 2017-2036. This factor will create a sustainable demand for fuel systems globally in the foreseeable future.

Mini-UAVs, HALE, and TUAVs are likely to gain more shares in the coming years

Another major driver is an increased demand for unmanned aerial vehicles. All the major countries, especially the USA, have incessantly been shielding their defense by developing more UAVs to protect themselves in urgency. Mini-UAVs, HALE (High-Altitude Long Endurance), and TUAVs (Tactical Unmanned Aerial Vehicle) are likely to gain more shares in the coming years. North America is likely to remain the largest market over the next five years, whereas Asia-Pacific and Europe are likely to be the new growth engines of the segment’s market over the next five years.

Commercial aircraft to remain the largest segment

The aircraft airframe fuel systems market is segmented based on the aircraft type as Commercial Aircraft, Military Aircraft, and Unmanned Aerial Vehicle. Commercial aircraft is expected to remain the largest segment of the aircraft airframe fuel systems market during the forecast period. Increasing commercial aircraft deliveries, a higher demand for fuel-efficient aircraft, and rising aircraft fleet size are key growth drivers of the market. A320 family, B737, B787, and A350XWB would remain the growth engines of the segment’s market in the foreseeable future. The UAV segment is also projected to witness the highest growth over the next five years, propelled by a rising demand for UAVs across regions.

North America to remain the largest market

North America is projected to remain the largest aircraft airframe fuel systems market during the forecast period, driven the USA. The region is the manufacturing capital of the aerospace industry with the presence of large- to small-sized aircraft manufacturers, MRO players, tier players, and raw material suppliers. The North American aerospace industry is well-developed and possesses significant technological capabilities.

Asia-Pacific is the fastest-growing market for aircraft airframe fuel systems during the same period, driven by high commercial aircraft fleet, indigenous production of commercial and regional aircraft, the opening of assembly plants in China by both major commercial aircraft OEMs (Boeing and Airbus), and increasing the defense budget. China and India are the key growth engines of the Asia-Pacific’s aircraft airframe fuel systems market.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
● Market structure: Overview, industry life cycle analysis, supply chain analysis
● Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
● Market trend and forecast analysis
● Market segment trend and forecast
● Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
● Attractive market segments and associated growth opportunities
● Emerging trends
● Strategic growth opportunities for the existing and new players
● Key success factors.
● Research Methodology

This report studies the Aircraft Airframe Fuel Systems Market, keeping in mind the interest of all the stakeholders across the value chain. The rich quality of insights is outcome of -
o Extensive secondary research,
o Rigorous primary interviews with more than 15 industry stakeholders across the value chain.
o Validation and triangulation of data with Stratview Research’s internal database and statistical tools.
o More than 700 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data.

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