Aircraft Engine Fuel System Market Forecast to 2025 - COVID-19 Impact and Global Analysis By Type [Hydromechanical, Full Authority Digital Engine Control
Aircraft engine fuel
system market has significant growth scope and is estimated to reach USD 13.2
Billion by 2025. The reports forecast the aircraft engine fuel system market by
aircraft type, engine type, component, technology, and region. It highlights
COVID-19 impact on the aircraft engine fuel.
Description
Aircraft Engine Fuel System Market - by Aircraft Type
(Commercial Aircraft, Military Aircraft, and UAV ) by Engine Type (Jet Engine,
Turboprop Engine, Helicopter Engine, and UAV Engine), by Component (Piping,
Inerting Systems, Fuel Pumps, Fuel Valves, Fuel Gauging & Management
System, Fuel Filters, and Fuel Tanks) by Technology (Fuel Injection Technology,
Pump Feed Technology, and Gravity Feed Technology), and by Region – Global
Industry Sizing, Growth, Trend, Opportunity, and Forecast (2020–2025)
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The aircraft engine fuel system market report covers a thorough
analysis of the market dynamics, business models, segmental/regional analysis,
and respective market shares and strategies adopted by the key market players
operating globally. It entails an in-depth analysis of the factors influencing
the global market and market statistics indicating region wise and segment-wise
market share/growth analysis. The report's study will outlook one of the most
exhaustive analyses of the market, capturing all the aircraft engine fuel
system industry aspects.
Aircraft Engine Fuel System Market Introduction
The aircraft engine fuel system market size is USD 8.2 Billion in
2019 and expected to register a 7.73% CAGR during the forecast period
2020-2025. Airlines around the world are focusing on installing fuel-efficient
aircraft engines, as fuel has a major share in the overall operating cost of an
aircraft flight. Competitive developments, such as long-term contracts, new
fuel-efficient product launches, continuous research & development
activities, are trending in the aircraft engine fuel system market.
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Factors Affecting the Aircraft Engine Fuel System Industry
Over the Forecast Period-
·
The global aircraft
engine fuel system market is primarily driven by the increase in the number of
commercial aircraft deliveries, modernization of military aircraft, and innovations
in the commercial aviation sector, which has a significant contribution to
market growth.
·
The increase in
demand for new lightweight aircraft is estimated to create new opportunities in
the aircraft engine fuel system market.
·
Huge body aircraft
tend to consume more amount of fuel than narrow and wide-body aircraft; hence
storage of a high amount of fuel is cost-sensitive, which creates a major
challenge in the aircraft engine fuel system market.
·
Trade war in the
oil-producing countries, especially in the US and Russia, may impact aviation
fuel prices and indirectly impact the growth of the aircraft engine fuel system
market.
·
With the emergence
of aircraft manufacturers in developing economies of the world, such as India,
China is expected to accelerate the growth of the market.
Impact of COVID-19 on Aircraft Engine Fuel System Market:
The aircraft engine fuel system market had a major impact on the
coronavirus COVID-19 outbreak. Due to the pandemic, the government and other
local authorities have imposed a complete lockdown in severely affected areas,
which has disrupted any transportation mode. Also, the demand for aircraft fuel
was less .During the early stages of the pandemic, international and domestic
airlines were suspended for a few months, which did not involve any activities
across and within the country. On the other half of the pandemic, the situation
is less difficult; the Aircraft Engine fuel System Market is expected to grow
to overcome the losses made in the pandemic's early stages.
Aircraft Engine Fuel System Market: Scope of the Report
The report outlines the global aircraft engine fuel system market
study based on aircraft type, engine type, component, and technology.
Based on the Aircraft Type, the Aircraft Engine Fuel System Market
has been segmented into –
·
Commercial Aircraft
·
Military Aircraft
·
UAV
Based on the Engine Type, the Aircraft Engine Fuel System Market
has been segmented into –
·
Jet Engine
·
Turboprop Engine
·
Helicopter Engine
·
UAV Engine
Based on the Component, the Aircraft Engine Fuel System Market has
been segmented into –
·
Piping, Inerting
Systems
·
Fuel Pumps
·
Fuel Valves
·
Fuel Gauging &
Management System
·
Fuel Filters
·
Fuel Tanks
Key Global Aircraft Engine Fuel System Market Competitors
Includes –
The global aircraft
engine fuel system market is highly fragmented, with the presence of a
large number of small players across the globe. The vital aircraft engine fuel
system industry operating in the global market are –
·
Honeywell
International Inc.
·
Eaton
·
Parker Hannifin
Corporation
·
Woodward,
Inc.
·
Triumph Group,
Inc.
·
Meggitt PLC
·
GKN PLC
·
Safran SA
·
Crane Co.
·
United Technologies
Corporation
The aircraft engine fuel system market report provides a thorough
analysis of macro-economic factors and every segment's market attractiveness.
The report will include an in-depth qualitative and quantitative assessment of
segmental/regional outlook with the market player’s presence in the respective
segment and region/country. The information concluded in the report includes
the inputs.
Aircraft Engine Fuel System Market Report Covers
Comprehensive Analysis On:
·
Market Segmentation
& Regional Analysis
·
Market Size of 10
years
·
Pricing Analysis
·
Supply & Demand
Analysis
·
Product Life Cycle
Analysis
·
Porter's Five
Forces & Value Chain Analysis
·
Developed &
Emerging Economies Analysis
·
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