Press release
Aircraft Fuel Systems Market To Reach US$ 12.2 Billion By 2027
Aircraft Fuel Systems Market
Aircraft fuel systems aid in loading, storing, managing, and delivering fuel to the propulsion system of an aircraft. They are also used for decreasing weight and optimizing the aircraft center of gravity (COG) by allowing fuel dumping. Aircraft fuel systems comprise numerous components that ensure a uniform flow of clean fuel in all operating conditions. Most aircraft fuel systems differ from each other depending on the size and type of aircraft in which they are installed. These systems are majorly efficient enough to operate under all conditions, regardless of changes in altitude, attitude, fuel loads and engine power.
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Competitive Landscape with Key Players:
• Eaton Corporation
• Parker-Hannifin Corporation
• Woodward, Inc
• Honeywell International Inc
• Triumph Group, Inc
• Meggitt PLC
• GKN plc
• Safran SA
• Crane Co
• United Technologies Corporation
Aircraft Fuel Systems Market Demand and Growth:
The rising incorporation of advanced lightweight materials in both structural and semi-structural components, which is creating the demand for lightweight, safe, and reliable fuel systems, on account of the growing focus on lowering the weight of the aircraft and improving fuel efficiency, is among the key factors stimulating the aircraft fuel systems market. Moreover, the increasing passenger traffic and the growing global aircraft fleet, owing to the inflating industrialization and urbanization levels, particularly in emerging economies, are acting as significant growth-inducing factors.
Besides this, continuous investments in R&D activities to reduce the amount of energy required to read fuel levels and create advanced fuel systems that are compatible with new-generation aircraft by several government-funded organizations are positively influencing the global market. Furthermore, various technological advancements in military aircraft and development in the commercial aviation sector are anticipated to fuel the aircraft fuel systems market.
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Key Market Segmentation:
Breakup by Engine Type:
• Jet Engine
• Helicopter Engine
• Turboprop Engine
• UAV Engine
Breakup by Component:
• Piping
• Inerting Systems
• Pumps
• Valves
• Gauges
• Fuel Control Monitoring Systems
• Filters
Breakup by Technology:
• Fuel Injection
• Pump Feed
• Gravity Feed
Breakup by Application:
• Commercial
• Military
• UAV
Breakup by Region:
• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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