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An aircraft fuel system provides a continuous flow of clean fuel from the fuel tank to the aircraft engine. A fuel system contains pumps, storage tanks, valves, filters, fuel lines, metering, and monitoring devices. Fuel systems plays a crucial role in providing continuous fuel supply to the aircraft engine. Various types of fuel systems are designed and developed depending upon the size and complexities of the aircraft. Most widely used aircraft fuel systems are gravity feed fuel system, fuel injection system and pump feed system and among others.
The key driving factors for the growth of the aircraft fuel system market are increasing demand for the cost-effective performance of the aircraft, increasing aircraft deliveries and increasing demand for unmanned aerial vehicles (UAV).
Key Market Driver -
• Increased aircraft deliveries • Increased demand for unmanned aerial vehicles (UAV) • Upgradation of military aircraft
Key Market Restraint -
• Decrease in defense budget by Asian countries • Issues related to installing advanced fuel systems in conventional aircraft
The rise in the demand for aircraft fuel system is due to the rapid increase in the demand for fuel-efficient and lightweight aircraft thus the development of lightweight aircraft fuel systems is also significantly contributing to growth of aircraft fuel system market. The growing need for UAVs will also generate business opportunities in the market. Due to frequent change in oil prices, the aircraft operators are developing fuel-efficient engine, this would facilitate the growth of the market.
The market for self-sealing fuel tanks is expected to grow due to increased expenditure by China and India in military aircraft. All military aircraft and jet fighter aircraft use self-sealing fuel tanks as they are leak proof and crash resistant. Recent developments like inert foam-filled tanks to avoid detonation will boost the market.
The aircraft fuel system market is segmented on the basis of application, engine type, technology, components, and region.
Based on application, the market is segmented into military, commercial and UAVs. The commercial aircraft is the dominating segment in the market and the UAV is estimated to be the fastest growing segment in the market as there is an increase in investment for the development of UAVs worldwide.
By engine type, the market has been segmented on the basis of Jet engine, helicopter engine, turboprop engine, and UAV engine. The jet engine segment is the largest segment in the aircraft fuel system market as these are commonly used in commercial aircraft. The growing demand for advanced UAVs will lead the UAV engine segment to be the fastest growing segment during the forecast period.
The technology segment is further categorized into gravity feed fuel system, fuel injection system and pump feed system. In fuel injection system segment, electronic fuel injection (EFI) segment is predicted to be the fastest growing segment for the forecast period as the UAVs are compact and require small combustion engines. Miniature EFI system are specially created for small UAVs as these are cheaper, and reduces fuel consumption. Currawong Engineering Pty Ltd from Kingston, Tasmania, Australia developed a EFI system that supplies an optimum fuel mixture at all stages of flight.
By component, the market is further segmented into the fuel tank, fuel valve, fuel pump, fuel filter, fuel gauge and fuel line. A major factor driving the demand for fuel valves and fuel filters is from maintenance, repair and overhaul (MRO) companies as the growth in passenger transportation has led in increased flight hours of the aircraft, thus shortening the life cycle of the valves and filters. The market is anticipated to grow for external fuel tanks due to increasing demand for military fighter aircraft.
Some of the key players in the aircraft fuel system market include Eaton Corporation (the U.S.), Honeywell International Inc. (the U.S.), Triumph Group Inc. (the U.S.), GKN PLC (the U.K), Parker Hannifin Corporation (the U.S.), United Technologies Corporation (the U.S.), Woodward Inc. (the U.S.) and among others.
By Region, the market is segmented into North America, Europe, Asia Pacific, and rest of the world. North America is anticipated to be the largest market segment aircraft fuel systems market during the forecast period, driven by the U.S. as it is the manufacturing capital of the aerospace industry. Small scale manufacturers, MRO players, raw material suppliers are present in this region.
The aircraft fuel system market in Asia Pacific is expected to grow as the number of aircraft deliveries expected over the next five years is highest in this region. Countries such as India and China are expected to grow significantly due to an increase in military expenditures during the review period.
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In Europe, the market for aircraft fuel tanks is anticipated to grow during the forecast period as increasing aircraft deliveries benefits for aircraft fuel tank market. The major suppliers for aircraft fuel tanks are Meggit PLC (the U.K), Safran S.A. (France), Cobham PLC (the U.K)
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