Stratview Research Releases Report Covering Full Range Of Aircraft

Stratview Research  announces the launch of a new market research report on Aircraft Fuel Systems Market by Aircraft Type (Commercial Aircraft, Military Aircraft, and UAV), by Engine Type (Jet Engine, Turboprop Engine, Helicopter Engine, and UAV Engine), by Component Type (Piping, Inerting Systems, Fuel Pumps, Fuel Valves, Fuel Gauging and Management System, Fuel Filters, Fuel Tanks, and Others), by Technology Type (Fuel Injection Technology, Pump Feed Technology, and Gravity Feed Technology), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023.

This market report, from Stratview Research, studies the aircraft fuel systems market over the trend period of 2012 to 2017 and forecast period of 2018 to 2023.

As per an in-depth study conducted by Stratview Research, aircraft fuel systems market is projected to grow at a healthy rate over the next five years to reach $6.9 billion 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 aircraft industry.

The research's findings suggest that commercial aircraft is expected to remain the largest segment of the market during the forecast period. Increasing commercial aircraft deliveries, higher demand for fuel-efficient aircraft, and rising aircraft fleet size are the key growth drivers of the segment driven by A320 family, B737, B787, and A350XWB. The UAV segment is projected to witness the highest growth over the next five years, propelled by increasing investment for the development of UAVs across the world.

Based on the engine type, jet engine is expected to drive the growth of the global aircraft fuel systems market during the forecast period, driven by higher penetration in the commercial and regional aircraft segments.

In terms of region, North America is projected to remain the largest aircraft fuel systems market during the forecast period, driven by the USA. However, Asia-Pacific is the fastest-growing market for aircraft fuel systems in the same period, driven by high commercial aircraft fleet, indigenous production of commercial and regional aircraft, opening of assembly plants in China by both the major commercial aircraft OEMs (Boeing and Airbus), and increasing defense budget.

The key players in the aircraft fuel systems market are Eaton Corporation Plc, Parker Hannifin Corporation, United Technologies Corporation, Triumph Group, Woodward, Inc., GKN Plc, Honeywell International, Inc, Zodiac Aerospace, and Meggitt Plc. Formation of the long-term contracts, 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.

(Source: Stratview Research news release)

FMI: www.stratviewresearch.com