Global aircraft fuel systems market is driven by increasing demand of aircrafts in commercial sector in next 10 years

Aircraft fuel systems are designed to load, store, manage, and provide fuel to the aircraft’s propulsion system. Fuel systems are used according to the size, capacity and applications of the aircraft. Major factor driving growth of the global aircraft fuel systems market is growing commercial aircrafts and cargos. However, occurrence of mechanical and electrical failure in fuel systems may affect growth of the target market.

The global aircraft fuel systems market has been segmented on the basis of engine type, technology, application, and region. On the basis of engine type, the market is segmented into helicopter engine, turboprop engine, jet engine, and UAV engine. Jet engines expected witness fastest growth in terms of revenue in the near future, owing to increasing preference for jet engines in various types of aircrafts.

On the basis of technology, the market is segmented into pump feed, gravity feed, and fuel injection. On the basis of application, the market is segmented into military, civil, and unmanned aerial vehicle (UAV). Civil segment is expected to witness significant growth in terms of revenue, owing to growing number of commercial aircrafts especially in developing countries.

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Based on the region the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Market in North America dominates the global market in terms of revenue, owing to presence of key manufacturers. Market in Europe expected to account for second-highest share in terms of revenue in the near future. Market in Asia Pacific is anticipated to account for major market in terms of revenue over the forecast period, owing to growing commercial aviation sector in this region. Increasing adoption of advanced aircraft fuel engines in the military sector especially in China, India, and Japan is  another factor boosting growth of the target market in Asia Pacific region.

Key players operating in the global aircraft fuel systems market include Eaton Corporation PLC, Parker Hannifin Corporation, Woodward Inc., Honeywell International, Inc., Triumph Group, Inc., Meggitt PLC, GKN PLC, Zodiac Aerospace SA, Crane Co., and United Technologies Corporation.

About the Author

Michelle Boyd
Michelle does an outstanding job, related to the Health and Medicine background. Having experience of more than 8years, have been working before with other companies related to the same field, been an expert in resolving whatever queries are being approached by the team. She likes to enjoy each and every moment of life.

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