Market Overview:

Aircraft Engine Fuel Systems Market Share Size is expected to reach USD 9.14 Billion by 2030, registering a CAGR of 7% during 2020-2030.

Aircraft segment is witnessing continuous boost since the last few decades, and it is striving for constant innovation. Aircraft engine fuel systems are experiencing several of those latest technological implementations owing to which a rapid transformation is taking place. Aircrafts are getting upgraded in the process, and the operational cost is plummeting. The global Aircraft Engine Fuel Systems Market Share can expect a robust growth during the forecast period (2020-2030), owing to demands from aviation industry for fuel-efficient aircrafts.

Market Research Future (MRFR) in their report includes drivers such as the development of lightweight fuel delivery systems and the presence of emergency fuel systems in next-generation planes that are going to take the market further ahead. In addition, composite manufactured fuel systems are gaining much traction in the industry which can take the Aircraft Engine Fuel Systems Market Share a notch higher.

However, certain aircraft companies are reluctant to install these latest designs owing to which the aircraft engine fuel systems market development can witness its tempo slowing down during the forecast period.

Key Players:

Honeywell International Inc (US), Eaton (Ireland), Parker Hannifin Corporation (US), Woodward Inc (US), Triumph Group Inc (US), Meggitt PLC (UK),GKN PLC (UK), Safran SA (France), Crane Co. (US), United Technologies Corporation (US)

Market Segmentation:

The global Aircraft Engine Fuel Systems Market Share can be segmented by engine type and application.

By engine type, the Market can be segmented into jet engine, helicopter engine, turboprop, unmanned aerial vehicle (UAV) engine.

Application-wise, the Market includes commercial aircraft, military aircraft, and UAV.

Regional Analysis:

Region-specific analysis of the aircraft engine fuel systems market statistics covers North America, Europe, Asia Pacific, Middle East & Africa (MEA), and Latin America (LATAM).

North America commands a considerable share of the Aircraft Engine Fuel Systems Market share revenue. Its superior position is based on some infrastructural advantages and heavy government investments in research & development. Technological advancement is giving the segment desired traction with major global players implementing those in their manufacturing process. As it is one of the major hubs for the aviation industry, it can expect substantial growth in coming years as well.

The APAC region is expected to register the fastest CAGR during the forecast period. The region is showing a keen interest in upgrading aviation and defence industry. In doing so, emerging economies such as India, China, South Korea, and other countries are investing in the segment to gear themselves up with latest technologies. The region is also experiencing the integration of advanced technologies which can act like a further stimulant.

Industry Trend:

Parker’s collaboration with Oxsensis has resulted in the development of silica-based optical high-accuracy pressure sensor (SOHAPS) systems that can replace the 20 to 30 capacitance probes and additional fuel property sensors. Geared with only three electromagnetic interference (EMI)-immune, non-electrical, optical sensors to measure fuel system pressure, each tank can perform more efficiently and incur less cost. 

3D printing, carbon fibers, and shape memory alloys (SMA) are getting used in the manufacturing of aircrafts which reduces the overall weight giving engine fuel systems a much-needed boost.

Related Report:

Military Radio System Market by Type (Manpack Radios, Vehicular Radios), by End User (Naval, Ground Force, Air Force), by Region (North America, Europe, Asia-Pacific, Middle East & Africa, Latin America) - Forecast till 2027

Commercial Aircraft Actuation System Market: Information By Type (Hydraulic, Electric and Pneumatic), By Aircraft Type (Narrow Body Aircraft, Wide Body Aircraft, Freighter/Transport Aircraft and others), by Region (North America, Europe, Asia-Pacific, Middle East and Africa and Latin America) - Forecast till 2027.

About Market Research Future:

Market Research Future (MRFR) is a global market research company that prides itself on its services, offering comprehensive and accurate analysis with respect to various markets and consumers worldwide. Market Research Future has the distinguished goal of providing customers with optimal quality research and granular research. Our market research by products, services, technologies, applications, end users, and market players for global, regional, and national market segments, allows our customers to see more, learn more, and do more, helping to answer your most important questions

Contact:

Market Research Future (part of Wantstats Research and Media Private Limited),

99 Hudson Street, 5Th Floor, New York, New York 10013,

United States of America

+1 646 845 9312

Email: [email protected]