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Aviation is a key driver for economic growth as air traffic has increased over a period of time. Increase in air traffic network has boosted productivity and growth by providing better access to market, enhancing links within and between business and providing greater access to resources and to international market. Fuel tanks of an aircraft play a vital role in this growing aviation industry.
The aircraft fuel tank is a major component of aircraft fuel system. Aircraft fuel tanks come in variety of shapes and sizes. The type of aircraft fuel tank depends on the model of aircraft. Aircraft fuel tanks can be located almost anywhere in the aircraft. The fuel tank can be placed in or on the wings, fuselage, and tail. Large airplanes contain multiple fuel tanks. Managing fuel distribution between tanks on large aircraft can be very involved.
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On the basis of types, the aircraft fuel tank market can be segmented into internal and external. The integral fuel tank is further divided in integral tank, rigid removable tank, bladder tank, and tip tank. The external fuel tank is further divided in the conformal fuel tank and drop tank. On the basis of aircraft, aircraft fuel tank can be segmented into commercial aircraft, military aircraft, and private aircraft.
The major market driver for the global aircraft fuel tank market is the increasing number of people traveling by means of an aircraft. Rising tourism, globalization of industrial supply chain and demand for increase in connectivity will keep increasing air traffic. Increasing air traffic will increase result in increase in number of aircraft deployment.
The major market restraint for the aircraft fuel tank is the development of alternative technology. Research in electric aircraft has been gaining traction in last few years. Small electric aircrafts are in trial phase and will be commercialized shortly.
Some of the major companies that are present in the aircraft fuel tank market are PFW Aerospace GmbH, Collins Aerospace, Integral Aerospace, LLC., Vinyl Technology, Inc., Prentex Alloy Fabricators, Inc., Dakota Cub Aircraft, Inc., Zodiac Aerospace, Meggitt PLC, Aero Tec Laboratories, Inc., Conitech, TI Automotive Inc., Kautex Textron GmbH & Co. KG, ContiTech AG, The Plastic Omnium Group, Magam Safety Ltd., Musthane and GKN Aerospace.
The aircraft fuel tank market has been segmented geographically into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. USA based Boeing, Brazil-based Embraer, European based Airbus, etc. are some of the top aircraft manufacturers in the world. The USA is the dominant market for aircraft fuel tanks owing to highest air traffic in the world. Due lack of public transport, airplanes are preferred mode of transport in North America. Along with traditional airline, a lot of budget airlines are being operated in USA. These budget airlines provide direct flight between locations instead of the hub-based model followed by the traditional airlines. USA has large number of private aircraft users and private airports. China will also witness growth of aircraft fuel tank due to increase in exports from China and globalized citizens of Chinese origins. Both, China and India have untapped potential for growth of aviation industry.
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