Aircraft Fuel Tank Inerting System Market is Forecasted to Reach US$476 Million in 2028, Says Stratview Research

The global aircraft fuel tank inerting system market size was valued at US$279 million in 2022 and is projected to reach US$476 million by 2028, witnessing a market growth CAGR of 8.0% from 2023 to 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm, has launched a report on the global aircraft fuel tank inerting system market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging market trends, segment analysis, competitive landscape, & more.

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Market Statistics:

Market Size in 2022: US$279 million
Market Size in 2028: US$476 million
Growth (CAGR): 8.0% during 2023-2028
Cumulative Sales Opportunity 2023 to 2028: US$2.42 billion
Leading Platform Type: Commercial
Leading Stage Type: Aircraft
Leading Method Type: Inert Gas Supply
Leading Technology Type: ASM-based System
Leading End-User Type: OE
Leading Region: North America
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 6
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights & Market Share Analysis of the Aircraft Fuel Tank Inerting System Market:

The global aircraft fuel tank inerting system market is segmented based on platform type, stage type, method type, technology type, end-user type, and region.

Based on platform type -
· The market is segmented into commercial and military.
· The Commercial is expected to remain the dominant platform type in the market during the forecast period. An expected ramp-up in production rates of key aircraft programs and upcoming aircraft programs to support the rebounding air traffic is likely to create huge growth opportunities in the commercial fuel inerting system market in the foreseen years.
Based on method type -
· The aircraft fuel tank inerting systems market is segmented into inert gas supply, ullage washing, and fuel scrubbing.
· Inert gas supply is expected to remain the most preferred choice in the market during the forecast period, driven by its higher penetration in commercial and regional aircraft. Since the development of hollow-fiber membrane air separation technology, an onboard inert gas generating system (OBIGGS) is widely used in the aerospace industry as it eliminates the usage of an inert gas storage system in aircraft.

Which region shows the most promising growth forecast and opportunity?

The analysis suggests that North America is projected to remain the largest market for aircraft fuel tank inerting systems during the forecast period. This growth outlook is mainly attributed to the following:

- The USA is the growth engine of the region's market and has the largest fleet of military aircraft and one of the largest fleets of commercial aircraft in the world.
- The presence of all the major aircraft OEMs, tier players, fuel tank inerting system suppliers, and raw material suppliers is primarily driving the aircraft fuel tank inerting system market in the region.
Likewise, Asia-Pacific is likely to witness the highest growth during the same period, driven by a host of factors, including increasing demand for commercial aircraft to support rising passenger traffic, the opening of assembly plants of Boeing and Airbus in China, and upcoming indigenous commercial aircraft (COMAC C919).

Aircraft Fuel Tank Inerting System Market Drivers:

Some of the key drivers listed in the report are given below.

- Increasing aircraft deliveries fueled by rising passenger traffic, the introduction of variants of existing programs, increasing the production rate of key aircraft programs, and expanding fleet size are the major factors driving the growth of fuel tank inerting systems in the aerospace industry.
- The fuel tank inerting system is essential to the airframe fuel system.
- The aviation industry is increasingly incorporating advanced lightweight materials in both structural and semi-structural components to reduce the weight of an aircraft.
- A reduction in the weight of an aircraft considerably improves fuel efficiency.
- Fuel tank inerting systems are also not untouched by such dynamics and experience a greater usage of lightweight materials, such as aluminum and advanced high-strength steel (AHSS), to align with the airlines' requirements.

Competitive Landscape: Top Companies in the Aircraft Fuel Tank Inerting System Market:

The market is moderately fragmented, with over 20 players. Most of the major players compete on some of the governing factors, including price, service offerings, regional presence, etc. Stratview Research has identified the following companies as the top market players:

- Air Liquide S.A.
- Collins Aerospace
- Eaton Corporation
- Honeywell International Inc.
- Liebherr-International AG
- Parker Hannifin Corporation
- Safran S.A.

What Unique Insights Does This Report Offer?

This report provides comprehensive insights into the aircraft fuel tank inerting system market, answering critical questions like
- How big is the sales opportunity?
- Which regions offer the best sales opportunities?
- Which are the most attractive market segments?
- Which are the top players and their market positioning?
- How complex is the business environment?
- What are the factors affecting the market?

For Customization or Any Other Queries, get in Touch with our industry experts at sales@stratviewresearch.com

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.

Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.

This release was published on openPR.