The Global Aircraft Fuel Systems Market Is Expected To Reach USD 9.15 Billion By 2022 From, At A CAGR Of 7.0% During The Forecast Period.

Aircraft fuel systems Market Overview:

The parts of an airplane's fuel system are made to make sure that the engine always gets a steady, even flow of clean fuel at a constant pressure, no matter what happens. There are many different kinds of fuel systems for aero planes because they are used on so many different types and sizes of planes. At its most basic, a fuel system is made up of a gas tank and fuel lines that connect to the engine. This is the layout that most people use. A fuel system for a cargo plane, on the other hand, could have more than one fuel tank. Also, fuel systems for commercial, military, and unmanned aerial vehicle (UAV) use are all different. For a fuel tank to do its job, it needs to be made up of many different parts, such as pumps, pipelines, gauges, valves, filters, and insertion systems, to name a few. Also, aviation fuel systems are made in a way that makes it cheaper to keep them in good shape over time. Maintenance and servicing are done on aviation fuel systems on a regular basis to make sure that both the parts of the system and the system as a whole work as well as they can. Jet engines have a backup fuel delivery system in case the main fuel system on an aeroplane breaks down. In some cases, the main fuel system and the backup fuel system are exactly the same.

Market Dynamics:

Over time, the number of planes delivered has grown by a factor of ten. This trend is likely to keep going as long as the evaluation is going on. Because of this, many companies that make planes are thinking about making their factories bigger. This will make more people want aircraft fuel systems, which will help the market grow over the next few years. Also, plane makers are putting money into making aircraft fuel systems lighter so they can meet the changing needs of customers. During the evaluation period, this would help the market grow even more. Also, because oil prices change all the time, manufacturers are trying to make aircraft fuel systems more efficient. This would improve engine performance and lower operating costs. During the assessment period, this would make more people want fuel systems for planes, which would help that market grow. Also, changes in commercial aviation and improvements in military aircraft technology are expected to speed up the growth of aircraft fuel systems. This is expected to lead to a rise in the demand for fuel-efficient aircraft fuel systems over the assessment period. Some aircraft owners don't want to put in advanced fuel systems because they cost more to maintain. This would make it harder for fuel systems for planes to grow during the assessment period. Some aircraft fuel systems are susceptible to vapour lockup. This could slow the growth of the market mentioned above if owners have to spend more money to instal fuel systems with more advanced technology.

Market Segmentation:

The market for aircraft fuel systems is divided into different parts based on their use, engine type, technology, parts, and location.

Based on how they are used, the market is divided into military, commercial, and UAVs. As more money is put into the development of unmanned aerial vehicles (UAVs) around the world, the commercial aircraft segment is expected to continue to lead the market, while the unmanned aerial vehicle (UAV) segment is expected to grow the fastest.

Jet engines, helicopter engines, turboprop engines, and engines for unmanned aerial vehicles (UAVs) have been used to divide the market into different parts. Since jet engines are often used on commercial planes, this part of the market for aircraft fuel systems is the biggest. During the time frame of the forecast, the UAV engine market will grow at the fastest rate due to the growing demand for more advanced UAVs.

The technology sector is divided into gravity feed fuel system, fuel injection system, and pump feed system. Since UAVs are small and need small combustion engines, it is expected that the electronic fuel injection (EFI) segment will have the highest growth rate over the forecast period. Miniature EFI systems are made just for small UAVs because they are less expensive and use less fuel. Currawong Engineering Pty. Ltd., based in Kingston, Tasmania, Australia, made an EFI system that makes sure the right amount of fuel is mixed in at all times during flight.

The fuel tank, fuel valve, fuel pump, fuel filter, fuel gauge, and fuel line are all different parts of the market. Maintenance, repair, and overhaul (MRO) companies are a big reason why fuel valves and fuel filters are in high demand. As passenger transportation has grown, the number of flight hours has gone up, which means that the valves and filters need to be replaced more often. Due to the growing need for military fighter planes, the market for external fuel tanks is likely to grow.

 Regional insight

The market is divided into North America, Europe, Asia-Pacific, and the rest of the world, based on where it is. During the forecast period, North America is expected to have the largest market for aircraft fuel systems. This is because the United States is the manufacturing hub for the aerospace industry. Small-scale manufacturers, MRO players, and raw material suppliers all do business in this area.

Over the next five years, Asia-Pacific is expected to get the most new planes, so its aircraft fuel system market is likely to grow. India and China are expected to have strong economic growth because they spent more on the military during the review period.

Due to more planes being delivered, the market for fuel tanks for planes is expected to grow in Europe over the next few years. Meggit PLC (United Kingdom), Safran S.A. (France), and Cobham PLC (United Kingdom) are the three biggest companies that make fuel tanks for planes (the U.K).

Scope Analysis

Competitive Analysis

The research report provides a thorough analysis of the market and includes insightful observations, facts, historical data, and statistically supported and industry-verified market data. It also includes projections based on an appropriate set of assumptions and methods. The research report offers information and analysis regarding market segments such as geography, application, and industry.

Eaton Corporation (the U.S.), Honeywell International Inc. (the U.S.), Triumph Group Inc. (the U.S.), GKN PLC (the U.K), Parker Hannifin Corporation (the U.S.), United Technologies Corporation (the U.S.), Woodward Inc. (the U.S.) and among others.

Recent Development

In June, 2017: Eaton's Fuel-System Technology Supports 777X Advancements

Since the first Boeing 777 was delivered more than two decades ago, Eaton products have played significant roles on the aircraft. Since then, Eaton has furthered its legacy as a technology leader in the aerospace industry by successfully integrating fuel system components with composite wing aircraft, a key feature of Boeing's new 777X.

In December, 2022: Honeywell Settles Legacy Foreign Corrupt Practices Act Issues And Will Pay A Total Of $202.7 Million

Honeywell (NASDAQ: HON) has agreed to resolutions with the U.S. Department of Justice ("DOJ"), U.S. Securities and Exchange Commission ("SEC"), and the Brazilian authorities (the Federal Prosecution Service ("MPF"), the Comptroller General of Brazil ("CGU"), and the Attorney General of Brazil ("AGU")) to resolve previously disclosed anti-corruption investigations into the Company's historical operations in Brazil in relation to Petrobras and, more broadly, the Company's The Company will pay a total of $202.7 million in penalties, disgorgement, and prejudgment interest in connection with the resolutions.

In December, 2022: TRIUMPH RECEIVES AWARD FROM SR TECHNICS FOR ENGINE COMPONENT MRO SERVICES

Triumph Group, Inc. (TRIUMPH) [NYSE:TGI] announced today that its Product Support business has been awarded a four-year services agreement from SR Technics Switzerland Ltd. to perform maintenance, repair, and overhaul (MRO) services on engine components supporting PW4000, CFM56-5B, and CFM56-7 engines. These services will be carried out at the TRIUMPH Product Support locations in Grand Prairie, Texas, and Wellington, Kansas.

Market Segmentation

By Application:

• Military
• Commercial
• UAV

By Engine:

• Jet aircraft engine
• Helicopter engine
• Turboprop engine
• UAV engine

By Type:

• Gravity feed fuel system
• Fuel injection system
• Pump feed system

By Component:

• Fuel tank
• Fuel valve
• Fuel pump
• Fuel filter
• Fuel gauge
• Fuel line

By Companies:

• Eaton Corporation (the U.S.),
• Honeywell International Inc. (the U.S.),
• Triumph Group Inc. (the U.S.),
• GKN PLC (the U.K),
• Parker Hannifin Corporation (the U.S.),
• United Technologies Corporation (the U.S.),
• Woodward Inc. (the U.S.)
• among others.