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The Aircraft fuel management system is a subsystem of the fuel control unit. The fuel management system offers the advantage of precise fuel calculations based on time, distance, winds, and fuel flow measured by the fuel control unit. Fuel management is a cost and emissions reduction solution that works by understanding actual data from aircraft and airlines. Fuel management system gives operators data at multiple levels, giving analysts a clear vision about where exactly issues lie on a per-flight level basis. The fuel constitutes about 20% of airline costs, and due to the rising cost of fuel, OEMs and airline operators are adopting advanced fuel management software for greater efficiency. The fuel management system market is anticipated to project a higher growth rate due to the demand of new fuel-efficient aircraft. This high demand will eventually propel the aircraft fuel management system during the forecast period.
A fuel management function is beneficial not only for making primary fuel calculations but also for backing up calculations performed by the pilot. The pilot must be aware of this tendency of using fuel management systems to increase safety rather than stretch the limits. Re-fuelling the aircraft offers an excellent opportunity to compare the amount of fuel burned with that predicted by the fuel management system and the pilot’s calculations.
Key Market Driver -
• Growing fleet size of airline functioning as low cost carrier • The adoption of fuel management system saves about 5% of total fuel per flight.
Key Market Restraint -
• High cost of device. • Complexity of system design might create a need for addional training
The market is segmented by platform, application, technology, end-user, and region
The Aircraft Fuel Management System segment is further classified as fixed-wing aircraft and rotary-wing aircraft. The growing demand for fixed-wing aircraft for commercial and military combat operations is anticipated to fuel the growth of the segment. Based on the application, the market is diversified into Jet Engines, Piston Engines, and Space Vehicle Engines. The Jet engine segment dominates the market owing to exponentially increased demand for new generation turbofan Jet engines equipped with fuel management system. Based on technology, the market is segmented into Hydro-mechanical, Electronic engine control (EEC), and Full-authority digital engine control (FADEC). The Full-authority digital engine control system dominates the market as it provides better systems integration with engine and aircraft fuel management systems. Based on end-user, the market is segmented into original equipment manufacturers(OEMs) and aftermarkets. The OEMs owns a good market share in this segment and is expected to grow more during the forecast period.
The key players in the global Aircraft Fuel Management System market are The Boeing Company (The U.S.), General Electric (The U.S.), Thales Group (France), Rolls-Royce plc (The U.K.), Rockwell Collins (The U.S.), Skyward (The U.S.), Woodward, Inc. (The U.S.), Honeywell Corporations (The U.S.), Fuel plus(Germany), FuelerLinx (The U.S.), and Open airlines (France) among others.
The Aircraft Fuel Management System market has been segmented into North America, Europe, Asia Pacific, and the rest of the world. North America is expected to dominate the market owing to the presence of key players such as. Rockwell Collins and The Boeing Company. Moreover, the growth of the market in the region is attributed to the high adoption of aircraft fuel management systemin military and commercial aircraft across the region. The market in Europe is expected to grow moderately due to prominent primary flight display manufacturers such as Thales Group, and Rolls-Royce plc are expected to drive the market growth in this region. The market in the Asia-Pacific region is projected to register the highest CAGR during the forecast period. Countries such as China and Japan are likely to remain the major players in this region, whereas India, due to its rapid growth in the commercial aircraft sector, this country is emerging as the fastest-growing market over the same period. The Middle East consists of some potential buyers like Emirates, Qatar, Etihad, and many more emerging airlines to make the global Aircraft Fuel Management System market grow during the forecast period.
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