Aircraft Fuel Tanks Market Size to reach USD 1,058.8 Million in 2032-Emergen Research

The global aircraft fuel tanks market size was USD 899.00 Million in 2022 and is expected to register revenue CAGR of 1.7% in 2032, according to the latest analysis by Emergen Research. Rising aircraft orders across the globe resulting in rising demand for fuel storage solutions is a major factor driving the market revenue growth. Increasing focus of aircraft manufacturers on reducing aircraft weight without compromising quality is also creating a high demand for lighter-weight material aircraft fuel tanks. Lighter aircraft fuel tanks reduce overall weight of the aircraft, leading to lower fuel consumption and operating costs. It also enables aircraft to carry more fuel and extend their range which is required for long-haut hence driving revenue growth of the aircraft fuel tanks market.

Rising demand for self-sealing fuel tanks in military aviation is another factor driving the market revenue growth. Fuel tanks are an important component of military aviation, as they provide the fuel required for aircraft to fly and accomplish missions. Self-sealing fuel tanks aid in prevention of catastrophic fires and explosions. The goal of self-sealing tank protection is to avoid leaks on aircraft tanks that have been penetrated by projectiles such as 7.65mm to 14.5mm bullets. These tanks increase aircraft range and autonomy, as well as occupant safety hence driving the market revenue growth.

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However, increasing cost of maintenance is a major factor restraining the market revenue growth. Fuel tanks must be maintained to avoid leaks and other risks. Moreover, the fuel tanks have a limited capacity, which influences how far the aircraft can go without refueling.

Some Key Highlights from the Report

• The internal segment accounted for largest revenue share in 2022. Internal fuel tanks provide greater fuel capacity, allowing the aircraft to travel longer distances without refueling which is a major factor driving revenue growth of this segment. This is especially beneficial for long-haul flights, as it allows airlines to operate nonstop routes while decreasing the need for intermediate stops.

• The metallic alloys segment accounted for a significantly large revenue share in 2022. Aluminum aviation fuel tanks have been widely used for nearly two decades owing to numerous advantages such as light weight, ease of construction, and superior corrosion resistance. This is essential for airplanes because they are constantly subjected to inclement weather such as rain, snow, wind, and even lightning strikes. Aluminum alloys are extremely resistant to these factors, ensuring that the plane stays safe and secure while in flight, contributing to revenue growth of this segment.

• The market in North America accounted for largest revenue share in 2022. Rising aircraft orders and a growing focus on aircraft weight reduction are major factors driving the market revenue growth in this region. Aircraft fuel tanks are lightweight and aerodynamic, which can assist airlines increase fuel efficiency and save operating costs. Aircraft fuel tanks are built using innovative materials and technology, which help to improve safety and reduce the risk of fuel leaks or fires.

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Some major companies included in the Aircraft Fuel Tanks Market report are:
• Meggitt PLC.
• Cobham Limited.
• GKN Aerospace Services Limited.
• Robertson Fuel Systems.
• Aero Tec Laboratories Ltd.
• Elbit Systems Ltd.
• General Dynamics Corporation.
• Marshall of Cambridge Aerospace Limited.
• Dakota Cub Aircraft.

Strategic development
• On 25 April 2021, Israel developed new external fuel tanks for its F-35I Adir jets. The development of the new fuel tanks was being done under the collaboration of Israel's Ministry of Defense, Air Force, and defense industries that aim to upgrade the strategic capabilities of the Israel Defense Forces (IDF) against third circle countries.

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For the purpose of this report, Emergen Research has segmented the global aircraft fuel tanks market on the basis of type, platform, material, end-use, and region:

• Type Outlook (Revenue, USD Million; 2019-2032)
o External
1. Conformal fuel tank
2. Drop Tank
o Internal
1. Integral Tanks
2. Rigid Removable
3. Bladder tank
4. Tip Tank

• Platform Outlook (Revenue, USD Million; 2019-2032)
o Commercial Aviation
1. Commercial Aircraft
2. General & Business Aircraft
3. Helicopters
o Military Aviation
1. Fixed-wing Aircraft
2. Helicopters
3. Unmanned Aerial Vehicles

• Material Outlook (Revenue, USD Million; 2019-2032)
o Carbon-based Composites
o Metallic Alloys
o Hybrid
o Polymers

• End-Use Outlook (Revenue, USD Million; 2019-2032)
o Aftermarket
o OEM

• Regional Outlook (Revenue, USD Million, 2019-2032)
o North America
1. U.S.
2. Canada
3. Mexico
o Europe
1. Germany
2. U.K.
3. France
4. Spain
5. BENELUX
6. Rest of Europe
o Asia Pacific
1. China
2. India
3. Japan
4. South Korea
5. Rest of APAC
o Latin America
1. Brazil
2. Rest of LATAM
o Middle East & Africa
1. Saudi Arabia
2. UAE
3. Israel
4. Rest of MEA

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