Aircraft Fuel Systems Market Revenue, Major Players, Consumer Trends, Analysis & Forecast Till 2028

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The global aircraft fuel systems market size is expected to reach USD 14.95 Billion at a revenue CAGR of 6.3% in 2028, according to latest analysis by Emergen Research.

The latest research report, titled ‘Global Aircraft Fuel Systems Market,’ can be considered an accurate prototype of the global Aircraft Fuel Systems industry.  The report specializes in gathering crucial data related to the leading market segments’ sales and revenue shares and focuses on the key players’ strategic business frameworks formulated to boost their growth journeys. The forecast market valuations are assessed on the basis of the in-depth analysis of the key market aspects, including product type outlook, application gamut, regional overview, and the competitive terrain.

However, the report takes into account the current COVID-19 impact on the global economy and this particular business sector. The global Aircraft Fuel Systems market growth has been extensively hampered by the current economic situation triggered by the COVID-19 pandemic.

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The report offers a comprehensive analysis of the competitive landscape of the market through extensive profiling of the key competitors. The section on the competitive analysis covers product portfolio, company overview, production and manufacturing capacity, financial standing, revenue and gross profit margins, and market position. It also sheds light on the mergers and acquisitions, joint ventures, collaborations, and partnerships occurring in the market.

Key Players Profiled in the Report are:

Parker Hannifin Corporation, Triumph Group PLC, Safran SA, Eaton Corporation PLC, Meggitt PLC, Woodward Inc., Raytheon Technologies, GKN Aerospace Services Limited, Crane Co., and Honeywell International Inc.

The report provides an extensive forecast of the industry and its significant growth in the forecast years. The report provides important information regarding the sales volume, revenue forecast, market size, market share, and current and emerging market trends. Along with this, the report covers SWOT analysis, Porter’s Five Forces analysis, Feasibility analysis, and investment return analysis

Global Aircraft Fuel Systems Market Segmentation

Emergen Research has segmented the global aircraft fuel systems market on the basis of engine type, technology, component, application, and region:

Engine Type Outlook (Revenue, USD Billion; 2018–2028)

Jet Engine

Turboprop Engine

Helicopter Engine

UAV Engine

Technology Outlook (Revenue, USD Billion; 2018–2028)

Pump Feed

Fuel Injection

Gravity Feed

Component Outlook (Revenue, USD Billion; 2018–2028)

Piping

Pumps

Valves

Inerting Systems

Fuel Control Monitoring System

Filters

Gauges

Application Outlook (Revenue, USD Billion; 2018–2028)

Military Defense

Commercial

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Some Key Highlights from the Report

In October 2020, Honeywell International made an announcement about completion of acquisition of Ballard Unmanned Systems’ assets. Ballard Unmanned Systems is engaged in design and manufacture of proton exchange membrane fuel cell systems for powering UAVs, especially used for cargo delivery, energy inspection, and various other defense and commercial applications.

By engine type, jet engine segment contributed largest revenue share to the global market in 2020. A primary advantage of a jet engine in comparison to a piston engine is the enhanced ability of a jet engine to generate greater thrust at high speed and altitude. Various other benefits of a jet engine, include jet engines are much lighter and smaller for a specified amount of power, these engines are much simpler than large piston engines, have enhanced reliability and ruggedness, better capability to burn less refined and cheaper fuels, non-requirement of toxic and cost-prohibitive avgas, more fuel-efficient than larger engines, production of lesser vibration, and very low-requirement for lubrication, and bleed air can be used for HVAC applications, resulting in more cost savings associated with need for extra equipment.

By technology, gravity feed segment revenue is expected to register a significant faster CAGR over the forecast period. An advantage of gravity feed technology is that aircraft fuel will flow even if the tank outlet is not submerged in fuel. However, in case of gravity feed technology, fuel can only flow at low pressure and downhill and thus all aircraft with gravity-feed fuel systems have carbureted engines.

By component, fuel monitoring system segment contributed significantly larger revenue share in 2020. Advantages offered by fuel monitoring systems include real-time fuel level monitoring, cost tracking per mile, provision of alerts on refuel and drain, and delivery of report on fuel usage and mileage.

Key Coverage of the Aircraft Fuel Systems Market:

Insightful information regarding the global Aircraft Fuel Systems market

Identification of growth in various segments and sub-segments of the Aircraft Fuel Systems market

Strategic recommendations for investment opportunities

The report covers significant statistics related to the industry along with products, applications, price analysis, demand supply, and production and consumptions rate

Emerging trends and current market segment analysis to help investors formulate new business strategies

Accelerates the decision-making process through the availability of the drivers and limitations

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The market is spread across several key geographical regions, and the report covers the regional analysis as well as the production, consumption, revenue, and market share in those regions for the forecast period of 2021-2028. The regions include North America, Latin America, Europe, Asia Pacific, and Middle East and Africa.

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