Aircraft Fuel Systems Market Worth US$ 6,869.7 million in 2023
Aircraft Fuel Systems Market report is a 251-page study offering actionable insights into the global market opportunities, trends, forecasts, and competitive analysis.
(EMAILWIRE.COM, January 11, 2019 )
Stratview Research has published a new research report on Aircraft Fuel Systems Market. This extensive 251-page report by Stratview Research analyses the growth of Aircraft Fuel Systems Market over the trend period of 2012 to 2017 and forecast period of 2018 to 2023 under the following segments -
● by Aircraft Type (Commercial Aircraft, Military Aircraft, and Others)
● by Engine Type (Jet Engine, Turboprop Engine, and Others)
● by Component Type (Piping, Fuel Tank Inerting Systems and Others)
● by Technology Type (Fuel Injection, Pump Feed Technology, and Others)
● and by Region (North America, Europe, Asia-Pacific, and RoW)
Go through the detailed scope: https://www.stratviewresearch.com/toc/261/aircraft-fuel-systems-market.html
Or
Get a free sample of the report: https://www.stratviewresearch.com/Request-Sample/261/aircraft-fuel-systems-market.html
Increasing aircraft deliveries
As per Stratview Research, 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 fueled by rising passenger traffic, increasing demand for unmanned aerial vehicles, 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 global aircraft industry.
Aircraft manufacturers are increasingly incorporating advanced lightweight materials
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. 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.
Top market players
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.
Stratview Research is a global market intelligence firm offering a wide range of services including syndicated market reports, consulting, sourcing intelligence, and customer research.
Stratview Research has published a new research report on Aircraft Fuel Systems Market. This extensive 251-page report by Stratview Research analyses the growth of Aircraft Fuel Systems Market over the trend period of 2012 to 2017 and forecast period of 2018 to 2023 under the following segments -
● by Aircraft Type (Commercial Aircraft, Military Aircraft, and Others)
● by Engine Type (Jet Engine, Turboprop Engine, and Others)
● by Component Type (Piping, Fuel Tank Inerting Systems and Others)
● by Technology Type (Fuel Injection, Pump Feed Technology, and Others)
● and by Region (North America, Europe, Asia-Pacific, and RoW)
Go through the detailed scope: https://www.stratviewresearch.com/toc/261/aircraft-fuel-systems-market.html
Or
Get a free sample of the report: https://www.stratviewresearch.com/Request-Sample/261/aircraft-fuel-systems-market.html
Increasing aircraft deliveries
As per Stratview Research, 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 fueled by rising passenger traffic, increasing demand for unmanned aerial vehicles, 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 global aircraft industry.
Aircraft manufacturers are increasingly incorporating advanced lightweight materials
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. 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.
Top market players
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.
Stratview Research is a global market intelligence firm offering a wide range of services including syndicated market reports, consulting, sourcing intelligence, and customer research.
Contact Information:
Stratview Research
Ritesh Gandecha
Tel: +1-313-307-4176
Email us
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Stratview Research
Ritesh Gandecha
Tel: +1-313-307-4176
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results