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Aircraft Engine Fuel Systems Market Size, Share & Industry Analysis, By Component (Pumps & Valves, Fuel Tank, Gauging, Piping, Inerting Systems, Others), By Engine Type (Jet Engine, Helicopter Engine, Turboprop Engine, UAV Engine), By Technology (Fuel Injection, Pump Feed, Gravity Feed), By Aircraft Type (Commercial Aircraft, Military Aircraft, UAVs) And Regional Forecast 2022-2029

Region : Global | Report ID: FBI105132 | Status : Ongoing

 

KEY MARKET INSIGHTS

The aircraft engine fuel system is an essential part of any aircraft. The system consists of valves, inerting systems, fuel control monitoring systems, piping, gauges, filters, and pumps. The engine fuel system provides fuel to the aircraft auxiliary power unit (APU) and propulsion system. The market would display significant growth during the forecast period owing to the rising demand for lightweight aircraft to enhance fuel efficiency. The fuel cost accounts for approximately 10-13% of the total airline’s operating cost. For instance, in 2020, the fuel cost expense was 23.7% of the total airline’s operation cost compared to 32% in 2013. The decrease in fuel cost expenses is due to the rising adoption of lightweight and fuel-efficient aircraft components.


The increase in demand for light aircraft boosts the development of fuel-efficient and lightweight aircraft engine fuel systems. The advanced engine fuel system can help to reduced expenses on fuel. Moreover, the rising adoption of military and commercial UAVs is expected to propel the market growth during an estimated time frame. Furthermore, the economic slowdown due to COVID-19 has largely affected the aviation industry, which further results in sluggish market growth during 2020-2021


Key Market Driver -

• Increase demand for light aircraft to aid growth • Rising adoption of drones for commercial and military application to boost market growth

Key Market Restraint -

• Stringent design standard to hamper market growth


Market Segmentation:


Based on components, the market is segmented into pumps & valves, fuel tank, gauging, piping, inerting systems, and others. The market is divided into jet engine, helicopter engine, turboprop engine, and UAV engines in terms of engine types. The market is bifurcated into fuel injection, pump feed, and gravity feed by technology. Based on aircraft type, the market is classified into commercial aircraft, military aircraft, and UAVs. The commercial aircraft type segment is expected to dominate the market with a large share in 2019. This dominance is attributed to the increased air traffic across the globe. On the other hand, the UAV engine segment would display significant growth during the projection period. This growth is attributing to the increasing adoption of HALE and MALE UAVs for military surveillance applications.


Key Players Covered:


The major companies included in the global aircraft engine fuel systems market report are Crane Co. (The U.S.), Eaton Corporation (Ireland), GKN plc. (The U.K.), Honeywell International Inc. (The U.S.), Meggitt PLC (The U.K.), Parker-Hannifin Corporation (The U.S.), Raytheon Technologies Corporation (The U.S.), Safran SA (France), Triumph Group, Inc. (The U.S.), Woodward, Inc. (The U.S.), and among others.


Key Insights



  • Number of aircraft delivered by year

  • Adoption of aircraft engine fuel system by aircraft type

  • Impact of COVID-19 on the aviation industry


Regional Analysis:


The aircraft engine fuel systems market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. North America dominated the market share in the base year. This dominance is due to the presence of aircraft engine fuel systems and aircraft manufacturers in the U.S.  Moreover, according to Federal Aviation Administration, there are 1.3 million registered UAVs present in the U.S.


The market in Europe registered the second-largest share in the base year due to the presence of many aircraft component mnaufacturers in the U.K and  France.


Asia Pacific witness strong growth in the market during the forecast period. Increasing air traffic in China and India is led to an increase in demand for commercial aircraft. This factor is driving the market growth during the forecast period.


An increase in the number of air passengers and UAVs adoption across the world is expected to expand the market size in Latin America and the Middle East & Africa, respectively, during an estimated period.


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Segmentation






























 ATTRIBUTE


  DETAILS

By Component




  • Pumps & Valves

  • Fuel Tank

  • Gauging

  • Piping

  • Inerting Systems

  • Others



By Engine Type




  • Jet Engine

  • Helicopter Engine

  • Turboprop Engine

  • UAV Engine



By Technology




  • Fuel Injection

  • Pump Feed

  • Gravity Feed



By Aircraft Type




  • Commercial Aircraft

  • Military Aircraft

  • UAVs



By Geography




  • North America (The U.S., and Canada)

  • Europe (The UK, Germany, France, and Rest of Europe)

  • Asia Pacific (China, India, Japan, South Korea, and Rest of Asia Pacific)

  • The Middle East & Africa (GCC Countries, South Africa, and Rest of the Middle East)

  • South America (Brazil and the Rest of Latin America)



Aircraft Engine Fuel Systems Market Industry Developments



  • In June 2019, Eaton Corporation adopted additive manufacturing technology to supply the aluminum housing and valve for the ram air valve parts to Aerospace Industrial Development Corporation (AIDC). The company also conclude that the new technology has reduced the overall production time by 50%.

  • In October 2019, Eaton Corporation has signed a long term agreement with OEMServices to provide MRO services for A320, A330, A340, B777 and B787 aircraft operators in the Russian. The Eaton Corporation agree to provide MRO services mainly for airframe fuel and hydraulic components, engine fuel and sensing products, and electrical actuation products.


  • Ongoing
  • 2021
  • 2018-2020

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