Dublin, Jan. 14, 2019 (GLOBE NEWSWIRE) -- The "Aircraft Fuel Systems Market by Aircraft Type , by Engine Type, by Component Type, by Technology Type and by Region, Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023" report has been added to ResearchAndMarkets.com's offering.
This report studies the aircraft fuel systems market over the trend period of 2012 to 2017 and forecast period of 2018 to 2023.
The Global Aircraft Fuel Systems Market: Highlights
The global aircraft fuel systems market is projected to grow at a healthy rate over the next five years to reach US$ 6,869.7 million in 2023.
Increasing aircraft deliveries fuelled by rising passenger traffic, increasing demand for unmanned aerial vehicles, an advancement in the fuel system technology, and rising global aircraft fleet size are the major factors that are bolstering the demand for fuel systems in the aircraft industry.
Furthermore, airlines are demanding fuel-efficient aircraft to mitigate their operational cost as fuel roughly cost 30% of the airlines' operational cost. Aircraft manufacturers are increasingly incorporating advanced lightweight materials in both structural and semi-structural components to reduce the weight of the aircraft.
The reduction in the weight of aircraft considerably improves the fuel efficiency. For instance, B787 and A350XWB, the two recently developed next-generation aircraft, constitute composite materials up to 53% of the total structural weight of the aircraft. Fuel systems are also not untouched with such dynamics and experiencing a greater usage of advanced lightweight materials.
The global aircraft fuel systems market is segmented based on the aircraft type as Commercial Aircraft, Military Aircraft, and Unmanned Aerial Vehicle. Commercial aircraft is expected to remain the largest segment of the aircraft fuel systems market during the forecast period. Increasing commercial aircraft deliveries, higher demand for fuel-efficient aircraft, and rising aircraft fleet size are key growth drivers of the segment's market.
Airbus anticipated that approximately 34,900 commercial and regional aircraft will be delivered during 2017 to 2036. A320 family, B737, B787, and A350XWB would remain the growth engines of the market. The UAV segment is also projected to witness the highest growth over the next five years, propelled by an increasing investment for the development of UAVs across the world.
The global aircraft fuel systems market is also segmented based on the engine type as Jet Engine, Turboprop Engine, Helicopter Engine, and UAV Engine. The jet engine is expected to remain the growth engine of the global aircraft fuel systems market during the forecast period, driven by a higher penetration in the commercial and regional aircraft.
In terms of regions, North America is projected to remain the largest aircraft fuel systems market during the forecast period, driven by the USA. The region is the manufacturing capital of the aerospace industry with the presence of several large- to small-sized aircraft manufacturers, MRO players, tier players, and raw material suppliers. The North American aerospace industry is well-developed and possesses strong technological capabilities.
Asia-Pacific is the fastest-growing market for aircraft fuel systems during the same period, driven by high commercial aircraft fleet, indigenous production of commercial and regional aircraft, the opening of assembly plants in China by both major commercial aircraft OEMs (Boeing and Airbus), and increasing the defense budget. China and India are the key growth engines of the Asia-Pacific's aircraft fuel systems market.
The supply chain of this market comprises raw material suppliers, component manufacturers, fuel system suppliers, engine OEMs, aircraft OEMs, MRO companies, airline companies and aircraft leasing companies. Eaton Corporation Plc, Parker Hannifin Corporation, United Technologies Corporation, Triumph Group, Woodward, Inc., GKN Plc, Honeywell International, Inc, Zodiac Aerospace, and Meggitt Plc are the key players in the aircraft fuel systems market. Formation of the long-term contracts, the development of lightweight components, and collaboration with customers are the key strategies adopted by major players to gain a competitive edge in the market throughout the globe.
Key Topics Covered:
1. Executive Summary
2. Aircraft Fuel Systems Market - Overview and Market Forces
2.1. Introduction
2.2. Market Classification
2.2.1. By Aircraft Type
2.2.2. By Engine Type
2.2.3. By Component Type
2.2.4. By Technology Type
2.2.5. By Region
2.3. Market Drivers
2.4. Market Constraints
2.5. Supply Chain Analysis
2.6. Industry Life Cycle Analysis
2.7. PEST Analysis: Impact Assessment of Changing Business Environment
2.8. Porter's Five Forces Analysis
2.9. SWOT Analysis
3. Aircraft Fuel Systems Market Analysis - By Aircraft Type
3.1. Strategic Insights
3.2. Commercial Aircraft Fuel Systems Market Trend and Forecast (US$ Million)
3.3. Military Aircraft Fuel Systems Market Trend and Forecast (US$ Million)
3.4. UAV (Unmanned Aerial Vehicle) Fuel Systems Market Trend and Forecast (US$ Million)
4. Aircraft Fuel Systems Market Analysis - By Engine Type
4.1. Strategic Insights
4.2. Jet Engine-based Aircraft Fuel Systems Market Trend and Forecast (US$ Million)
4.3. Turboprop Engine-based Aircraft Fuel Systems Market Trend and Forecast (US$ Million)
4.4. Helicopter Engine-based Aircraft Fuel Systems Market Trend and Forecast (US$ Million)
4.5. UAV Engine-based Aircraft Fuel Systems Market Trend and Forecast (US$ Million)
5. Aircraft Fuel Systems Market Analysis - By Component Type
5.1. Strategic Insights
5.2. Piping Market Trend and Forecast (US$ Million)
5.3. Fuel Tank Inerting Systems Market Trend and Forecast (US$ Million)
5.4. Fuel Pumps Market Trend and Forecast (US$ Million)
5.5. Fuel Valves Market Trend and Forecast (US$ Million)
5.6. Fuel Gauging and Management Market Trend and Forecast (US$ Million)
5.7. Fuel Tanks Market Trend and Forecast (US$ Million)
5.8. Fuel Filters Market Trend and Forecast (US$ Million)
5.9. Other Components Market Trend and Forecast (US$ Million)
6. Aircraft Fuel Systems Market Analysis - By Technology Type
6.1. Strategic Insights
6.2. Fuel Injection-based Aircraft Fuel Systems Market Trend and Forecast (US$ Million)
6.3. Pump Feed Technology-based Aircraft Fuel Systems Market Trend and Forecast (US$ Million)
6.4. Gravity Feed Technology-based Aircraft Fuel Systems Market Trend and Forecast (US$ Million)
7. Aircraft Fuel Systems Market Analysis - By Region
8. Competitive Analysis
8.1. Strategic Insights
8.2. Presence by Aircraft Type
8.3. Presence by Engine Type
8.4. Presence by Component Type
8.5. New Product Launches
8.6. Strategic Alliances: Mergers and Acquisitions, Joint Ventures, Collaborations, etc.
8.7. Market Share Analysis
9. Strategic Growth Opportunities
9.1. Strategic Insights
9.2. Market Attractive Analysis
9.3. Emerging Trends
9.4. Growth Matrix Analysis
9.5. Key Success Factors
10. Company Profile of Key Players
10.1. Eaton Corporation PLC (Eaton Aerospace)
10.2. Parker Hannifin Corporation
10.3. United Technologies Corporation
10.4. Woodward, Inc.
10.5. Triumph Group, Inc.
10.6. Zodiac Aerospace
10.7. Honeywell International, Inc.
10.8. GKN plc (GKN Aerospace)
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