Stratview Research’s latest market report on the global aircraft airframe fuel systems market covers the wide spectrum of the factors governing the future growth including drivers, challenges, emerging trends, technology changes, and environmental factors. The report is a perfect blend of insights and market figures which would enable the business strategists to churn out the future business strategies.
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According to the report, the global aircraft airframe fuel systems market is projected to reach an estimated value of US$ 4,743.1 million in 2023.
The global aircraft airframe fuel systems market is characterized by a wide array of factors which are directly or indirectly stimulating the growth of the market. The biggest factor is the increase in number of deliveries of commercial aircraft to support rising passenger and cargo traffic. Both Boeing and Airbus have massive plans to raise the production capacity of their best-selling aircraft (B737, A320, B787, and A350XWB) to meet the huge order backlogs.
Another factor impacting the overall market is the volatility in crude oil prices that plummets the operating margin of airlines severally as crude oil roughly accounts for 30% of the operating cost of an airline company. This pushes the airline companies to demand fuel-efficient aircraft for improving their profit margins. This imprint huge pressure in the entire supply chain of the aerospace industry. Engine manufacturers are also not untouched with such factors and have started developing fuel-efficient engines utilizing advanced technology and lightweight materials that can withstand high temperature with greater durability. Development of LEAP and GE9x engines are such examples. The aircraft airframe fuel systems need to be redesigned meeting emerging requirements of such fuel-efficient high-thrust engines.
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Similarly, increasing carbon emissions have alarmed the world and has resulted in implementation of several stringent regulations. ICAO proposed the first ever standard for new aircraft that will mandate improvements in fuel efficiency and reduction in carbon dioxide (CO2) emissions for the aviation sector. This again impacts the demand for composite-based lightweight aircraft airframe fuel systems as the component offers fair reduction in carbon emissions by enhancing the fuel efficiency.
Another important factor is strategic alliances/acquisitions by key fuel system component suppliers in the aircraft industry. In 2017, Woodward and GE formed a joint venture for developing Large Engine Fuel Systems for the commercial engines. Triumph group acquired the pump and engine control system of Goodrich Cooperation (Goodrich Pump & Engine Control Systems or GPECS) from United Technologies Corporation.
Stratview Research has done a rigorous study on the aircraft airframe fuel systems market in its recently launched market report. Market forecast has been done after considering the views of key decision makers, extensive desk research, key market drivers and challenges, apart from our market expertise. Identify the most important factors and opportunities impacting your business decisions.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
This report studies the aircraft airframe fuel systems market and has segmented the market in five ways, keeping in mind the interest of all the stakeholders across the value chain. The following are the five ways in which the market is segmented:
Global Aircraft Airframe Fuel Systems Market, By Aircraft Type
- Commercial Aircraft (Regional Analysis)
- Military Aircraft (Regional Analysis: NA, Europe, Asia-Pacific, and RoW)
- UAV (Regional Analysis: NA, Europe, Asia-Pacific, and RoW)
Global Aircraft Airframe Fuel Systems Market, By Engine Type
- Jet Engine (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Turbo Engine (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Helicopter Engine (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- UAV Engine (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Global Aircraft Airframe Fuel Systems Market, By Component Type
- Piping (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Inerting Systems (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Fuel Pumps (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Fuel Gauging & Management System (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Fuel Tank (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Global Aircraft Airframe Fuel Systems Market, By Technology Type
- Fuel Injection (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Pump Feed Technology (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Gravity Feed Technology (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Global Aircraft Airframe Fuel Systems Market, By Region
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, The UK, Italy, Russia, and Rest of Europe)
- Asia-Pacific (Country Analysis: China, Taiwan, Japan, and Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Brazil, Argentina, and Others)
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