A new research report has been added by Emergen Research, that offers a comprehensive analysis of the Global Aircraft Fuel Systems Market that offers beneficial information to the users to offer an overview of the Aircraft Fuel Systems market.
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.
Steady revenue growth of the global aircraft fuel systems market can be attributed to increasing demand for increasing fuel-efficiency of aircraft.
The report covers the rapidly changing market scenario and offers an initial and future assessment of the impact of the Aircraft Fuel Systems market. The research report is furnished with data validated from the experts, along with an analysis of the historical data. It also discusses growth prospects, industry facts, sales figures, distribution channels, competitive landscape analysis, market shares, gross margin, key regions, demand trends, and developments, among others.
The development of smart cities is expected to offer lucrative opportunities for the key players in the market of Aircraft Fuel Systems controller. The demand for advanced irrigation systems in countries with severe weather conditions is most likely to propel the industry's growth.
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Major Players Profiled in the Report:
- 3D Systems
- GE Additive
- EOS GmbH
- SLM Solutions
- Hewlett Packard
- Mcor Technologies
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.
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Global Aircraft Fuel Systems Market Segmentation:
- 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)
- Inerting Systems
- Fuel Control Monitoring System
- Application Outlook (Revenue, USD Billion; 2018–2028)
- Military & Defense
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Global Aircraft Fuel Systems Market Regional Analysis:
The report provides an extensive regional analysis of the market. The segmentation offers insights into the sales network and distribution channels, sales analysis, profit margins, volume chain analysis, and region-wise market size. The report also covers an in-depth analysis of the key geographical regions as well as their countries.
Aircraft fuel systems market in Asia Pacific accounted for largest revenue share in 2020 and is expected to register fastest revenue share in 2020, attributed to presence of larger population, rising disposable income, and increasing air passenger traffic leading to increasing demand for new aircraft.
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