The global aircraft fuel systems market is expected to reach USD 9.15 Billion by 2020 from USD 6.52 Billion in 2015, at a CAGR of 7.0% during the forecast period. An aircraft fuel system pumps fuel from fuel tank into the aircraft engine. The system consists of fuel tanks, pipework, fuel pumps, fuel gauges, valves, and fuel control monitoring systems. The fuel is stored in the fuel tanks, which are placed in the wing structure, and in case of long-range aircraft, an extra fuel tank or tanks are provided in the fuselage.
The report provides a granular understanding of the aircraft fuel systems market. This report segments the global market on the basis of application, type, technology, component, and geography. The component segment has been further categorized into piping, injection system, valves, pumps, gauges, fuel control & monitoring systems (FCMS), and filters.
The rise in the number of aircraft deliveries will be a major driver for the growth of the aircraft fuel systems market. There are ~9000 commercial aircrafts, which are expected to be delivered globally over the next five years. These aircraft will be equipped with more advanced lightweight fuel systems, thus driving the growth of the market. Modernization of military aircrafts, which includes improved in-flight refueling system and emergency fuel systems, is also anticipated to drive the growth of fuel systems market.
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The geographic segments included in this report are North America, Europe, Asia-Pacific, The Middle East, and the Rest of the World (RoW). The report maps each type, technology, component, and application segment in geographic and regional segments. The Asia-Pacific is projected to account for ~31.1% share of the global aircraft fuel systems market in 2015. The market in Asia-Pacific is estimated grow at a CAGR of 7.7% from 2015 to 2020.
The report segments the aircraft fuel systems market by application, engine type, component, and technology. Based on application, the market has been segmented into commercial, military, and UAV. The engine type includes jet engine, helicopter engine, turboprop engine, and UAV engine. The market by component includes piping, inerting systems, fuel pumps, fuel valves, fuel gauges, fuel control monitoring systems, and fuel filters. Based on technology, the market has been segmented into fuel injection, pump feed, and gravity feed.
Major players operational in this market include Eaton Corporation (Ireland), Parker Hannifin Corporation (U.S.), Woodward, Inc. (U.S.), Honeywell International, Inc. (U.S.), Triumph, Group, Inc. (U.S.), Meggitt PLC (U.K.), GKN Plc. (Worcestershire), Zodiac Aerospace SA (France), Crane CO. (U.S.), and United Technologies Corporation (U.S.).
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Asia-Pacific is projected to capture a major share in global aircraft fuel systems market in 2020. The number of aircraft deliveries expected over the next five years is highest in Asia-Pacific, which is driving the growth of the market in this region. Developing countries, such as India and China are increasing their defense spending, which in turn is propelling the growth of the Asia-Pacific aircraft fuel systems market.
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