Aircraft fuel systems market to grow by CAGR of 6.64% by 2027: Driven by the use of a measured quantity of fuel onboard to optimize performance – Technavio

jayfer2 0 Comments February 17, 2023

NEW YORK, Feb. 17, 2023 /PRNewswire/ — According to Technavio, the global aircraft fuel systems market size is estimated to grow by USD 1,808.81 million from 2022 to 2027. The market is estimated to grow at a CAGR of over 6.64%. Moreover, the growth momentum will accelerate. North America will account for 35% of the growth of the global market during the forecast period. The report includes historic market data from 2017 to 2021. In 2017, the aircraft fuel systems market was valued at USD 4,200.37 million. For more Insights on market Request a sample report

Aircraft fuel systems market – Five forces

The global aircraft fuel systems market is fragmented, and the five forces analysis covers–

Bargaining Power of Buyers
The threat of New Entrants
Threat of Rivalry
Bargaining Power of Suppliers
Threat of Substitutes
For an interpretation of Porter’s five forces model– buy the report!

Aircraft fuel systems market – Customer landscape

The report includes the market’s adoption lifecycle, from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Aircraft fuel systems market – Segmentation assessment

Segment overview

Technavio has segmented the market based on technology (fuel injection, pump feed, and gravity feed) and application (commercial and military).

The fuel injection segment will grow at a significant rate during the forecast period. Benefits such as less setup time, reduced fuel consumption, increased fuel-burning efficiency, smooth running of the engine, an increase in mileage of the aircraft, an accurate amount of fuel flow to all cylinders, and greater adaptability to alternative fuels will attract the engine manufacturers to invest significantly in the market. These investments will fuel the market growth during the forecast period.

Geography overview

By geography, the global aircraft fuel systems market is segmented into North America, Europe, APAC, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global aircraft fuel systems market.

North America is estimated to account for 35% of the growth of the global market during the forecast period. The region is an aviation hub and home to the majority of the industry’s top stakeholders. Additionally, it is seeing investments and collaborations directed towards the development of fuel systems involving precise measurement of parameters, such as pressure flow rate, tube sizing, and performance of pumps and valves at different temperatures, pressures, altitudes, and conditions to enhance the performance. This will fuel market expansion throughout the course of the forecast period.

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Aircraft fuel systems market – Market dynamics

Key factor driving market growth

One of the major factors driving the market growth is the use of a measured quantity of fuel onboard to optimize performance.
The fuel load is an aircraft needs to be optimized to enhance the overall efficiency of the aircraft.
To maximize system efficiency, the space between the fuel tank’s plates is filled with electrical capacitive sensor devices, which help in monitoring the fuel level.
The use of such advanced systems and sensors facilitates greater fuel efficiency, which will support the growth of the market during the forecast period.

Leading trends influencing the market

The continuous improvements in aircraft components is another major factor driving the market growth.
Several government organizations are collaborating with companies operating in the aerospace industry, to develop more reliable and long-lasting components for aircraft systems, including fuel systems as well as maintaining impeccable safety protocols.
Businesses have been encouraged to focus on improving flammability protection in the fuel tank, an efficient inserting system, icing phenomenon analysis, and water detection in the fuel tank.
Additionally, efforts have been directed toward the elimination of possible ignition risks in the fuel tank.
Therefore, the ongoing improvements in aircraft components will enhance the growth of the global market during the forecast period.

Major challenges hindering market growth

The major challenge that is hampering the market growth is the deterioration of fuel tanks due to fungal growth.
The performance of engine turbines in airplanes can be significantly impacted by the presence of fungi species in fuel tanks, such as Hormoconis resinae (a fungus that feeds on hydrocarbon molecules in Jet-A).
The fungus expands quickly, especially in warm tropical climates, but becomes dormant in cooler weather.
However, the fungus becomes active again when the temperature rises. Such factors are expected to decrease the demand for aircraft fuel systems during the forecast period.

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this aircraft fuel systems market report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the aircraft fuel systems market between 2023 and 2027
Precise estimation of the size of the aircraft fuel systems market size and its contribution to the market in focus on the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the aircraft fuel systems industry across North America, Europe, APAC, South America, and Middle East and Africa
A thorough analysis of the market’s competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of aircraft fuel systems market vendors

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Aircraft Fuel Systems Market Scope

Report Coverage	Details
Page number	170
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 6.64%
Market growth 2023-2027	USD 1,808.81 million
Market structure	Fragmented
YoY growth 2022-2023 (%)	4.9
Regional analysis	North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution	North America at 35%
Key countries	US, Canada, China, France, and Germany
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	Aloft AeroArchitects, BAE Systems Plc, Bryant Fuel Systems, Collins Aerospace, Crane Aerospace Electronics, Eaton Corp. Plc, General Atomics, General Aviation Modifications Inc., GNY Equipment Inc., Honeywell International Inc., Meggitt Plc, Melrose Industries Plc, Nabtesco Corp, Parker Hannifin Corp., PTI Technologies Inc., Safran SA, Secondo Mona S.p.A., Senior Plc, Triumph Group Inc., and Woodward Inc.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents:

1 Executive Summary

1.1 Market Overview

Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Technology
Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
Exhibit 07: Executive Summary – Chart on Incremental Growth
Exhibit 08: Executive Summary – Data Table on Incremental Growth
Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem

Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition

Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis

Exhibit 13: Market segments

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027

Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global aircraft fuel systems market 2017 – 2021

Exhibit 18: Historic Market Size – Data Table on Global aircraft fuel systems market 2017 – 2021 ($ million)

4.2 Technology Segment Analysis 2017 – 2021

Exhibit 19: Historic Market Size – Technology Segment 2017 – 2021 ($ million)

4.3 Application Segment Analysis 2017 – 2021

Exhibit 20: Historic Market Size – Application Segment 2017 – 2021 ($ million)

4.4 Geography Segment Analysis 2017 – 2021

Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ million)

4.5 Country Segment Analysis 2017 – 2021

Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary

Exhibit 23: Five forces analysis – Comparison between 2022 and 2027

5.2 Bargaining power of buyers

Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

5.3 Bargaining power of suppliers

Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

5.4 Threat of new entrants

Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

5.5 Threat of substitutes

Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

5.6 Threat of rivalry

Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

5.7 Market condition

Exhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Technology

6.1 Market segments

Exhibit 30: Chart on Technology – Market share 2022-2027 (%)
Exhibit 31: Data Table on Technology – Market share 2022-2027 (%)

6.2 Comparison by Technology

Exhibit 32: Chart on Comparison by Technology
Exhibit 33: Data Table on Comparison by Technology

6.3 Fuel injection – Market size and forecast 2022-2027

Exhibit 34: Chart on Fuel injection – Market size and forecast 2022-2027 ($ million)
Exhibit 35: Data Table on Fuel injection – Market size and forecast 2022-2027 ($ million)
Exhibit 36: Chart on Fuel injection – Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Fuel injection – Year-over-year growth 2022-2027 (%)

6.4 Pump feed – Market size and forecast 2022-2027

Exhibit 38: Chart on Pump feed – Market size and forecast 2022-2027 ($ million)
Exhibit 39: Data Table on Pump feed – Market size and forecast 2022-2027 ($ million)
Exhibit 40: Chart on Pump feed – Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Pump feed – Year-over-year growth 2022-2027 (%)

6.5 Gravity feed – Market size and forecast 2022-2027

Exhibit 42: Chart on Gravity feed – Market size and forecast 2022-2027 ($ million)
Exhibit 43: Data Table on Gravity feed – Market size and forecast 2022-2027 ($ million)
Exhibit 44: Chart on Gravity feed – Year-over-year growth 2022-2027 (%)
Exhibit 45: Data Table on Gravity feed – Year-over-year growth 2022-2027 (%)

6.6 Market opportunity by Technology

Exhibit 46: Market opportunity by Technology ($ million)

7 Market Segmentation by Application

7.1 Market segments

Exhibit 47: Chart on Application – Market share 2022-2027 (%)
Exhibit 48: Data Table on Application – Market share 2022-2027 (%)

7.2 Comparison by Application

Exhibit 49: Chart on Comparison by Application
Exhibit 50: Data Table on Comparison by Application

7.3 Commercial – Market size and forecast 2022-2027

Exhibit 51: Chart on Commercial – Market size and forecast 2022-2027 ($ million)
Exhibit 52: Data Table on Commercial – Market size and forecast 2022-2027 ($ million)
Exhibit 53: Chart on Commercial – Year-over-year growth 2022-2027 (%)
Exhibit 54: Data Table on Commercial – Year-over-year growth 2022-2027 (%)

7.4 Military – Market size and forecast 2022-2027

Exhibit 55: Chart on Military – Market size and forecast 2022-2027 ($ million)
Exhibit 56: Data Table on Military – Market size and forecast 2022-2027 ($ million)
Exhibit 57: Chart on Military – Year-over-year growth 2022-2027 (%)
Exhibit 58: Data Table on Military – Year-over-year growth 2022-2027 (%)

7.5 Market opportunity by Application

Exhibit 59: Market opportunity by Application ($ million)

8 Customer Landscape

8.1 Customer landscape overview

Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation

Exhibit 61: Chart on Market share by geography 2022-2027 (%)
Exhibit 62: Data Table on Market share by geography 2022-2027 (%)

9.2 Geographic comparison

Exhibit 63: Chart on Geographic comparison
Exhibit 64: Data Table on Geographic comparison

9.3 North America – Market size and forecast 2022-2027

Exhibit 65: Chart on North America – Market size and forecast 2022-2027 ($ million)
Exhibit 66: Data Table on North America – Market size and forecast 2022-2027 ($ million)
Exhibit 67: Chart on North America – Year-over-year growth 2022-2027 (%)
Exhibit 68: Data Table on North America – Year-over-year growth 2022-2027 (%)

9.4 Europe – Market size and forecast 2022-2027

Exhibit 69: Chart on Europe – Market size and forecast 2022-2027 ($ million)
Exhibit 70: Data Table on Europe – Market size and forecast 2022-2027 ($ million)
Exhibit 71: Chart on Europe – Year-over-year growth 2022-2027 (%)
Exhibit 72: Data Table on Europe – Year-over-year growth 2022-2027 (%)

9.5 APAC – Market size and forecast 2022-2027

Exhibit 73: Chart on APAC – Market size and forecast 2022-2027 ($ million)
Exhibit 74: Data Table on APAC – Market size and forecast 2022-2027 ($ million)
Exhibit 75: Chart on APAC – Year-over-year growth 2022-2027 (%)
Exhibit 76: Data Table on APAC – Year-over-year growth 2022-2027 (%)

9.6 South America – Market size and forecast 2022-2027

Exhibit 77: Chart on South America – Market size and forecast 2022-2027 ($ million)
Exhibit 78: Data Table on South America – Market size and forecast 2022-2027 ($ million)
Exhibit 79: Chart on South America – Year-over-year growth 2022-2027 (%)
Exhibit 80: Data Table on South America – Year-over-year growth 2022-2027 (%)

9.7 Middle East and Africa – Market size and forecast 2022-2027

Exhibit 81: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
Exhibit 82: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
Exhibit 83: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
Exhibit 84: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)

9.8 US – Market size and forecast 2022-2027

Exhibit 85: Chart on US – Market size and forecast 2022-2027 ($ million)
Exhibit 86: Data Table on US – Market size and forecast 2022-2027 ($ million)
Exhibit 87: Chart on US – Year-over-year growth 2022-2027 (%)
Exhibit 88: Data Table on US – Year-over-year growth 2022-2027 (%)

9.9 France – Market size and forecast 2022-2027

Exhibit 89: Chart on France – Market size and forecast 2022-2027 ($ million)
Exhibit 90: Data Table on France – Market size and forecast 2022-2027 ($ million)
Exhibit 91: Chart on France – Year-over-year growth 2022-2027 (%)
Exhibit 92: Data Table on France – Year-over-year growth 2022-2027 (%)

9.10 Germany – Market size and forecast 2022-2027

Exhibit 93: Chart on Germany – Market size and forecast 2022-2027 ($ million)
Exhibit 94: Data Table on Germany – Market size and forecast 2022-2027 ($ million)
Exhibit 95: Chart on Germany – Year-over-year growth 2022-2027 (%)
Exhibit 96: Data Table on Germany – Year-over-year growth 2022-2027 (%)

9.11 China – Market size and forecast 2022-2027

Exhibit 97: Chart on China – Market size and forecast 2022-2027 ($ million)
Exhibit 98: Data Table on China – Market size and forecast 2022-2027 ($ million)
Exhibit 99: Chart on China – Year-over-year growth 2022-2027 (%)
Exhibit 100: Data Table on China – Year-over-year growth 2022-2027 (%)

9.12 Canada – Market size and forecast 2022-2027

Exhibit 101: Chart on Canada – Market size and forecast 2022-2027 ($ million)
Exhibit 102: Data Table on Canada – Market size and forecast 2022-2027 ($ million)
Exhibit 103: Chart on Canada – Year-over-year growth 2022-2027 (%)
Exhibit 104: Data Table on Canada – Year-over-year growth 2022-2027 (%)

9.13 Market opportunity by geography

Exhibit 105: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges

Exhibit 106: Impact of drivers and challenges in 2022 and 2027

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape

Exhibit 107: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption

Exhibit 108: Overview on factors of disruption

11.4 Industry risks

Exhibit 109: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered

Exhibit 110: Vendors covered

12.2 Market positioning of vendors

Exhibit 111: Matrix on vendor position and classification

12.3 BAE Systems Plc

Exhibit 112: BAE Systems Plc – Overview
Exhibit 113: BAE Systems Plc – Business segments
Exhibit 114: BAE Systems Plc – Key offerings
Exhibit 115: BAE Systems Plc – Segment focus

12.4 Crane Aerospace Electronics

Exhibit 116: Crane Aerospace Electronics – Overview
Exhibit 117: Crane Aerospace Electronics – Business segments
Exhibit 118: Crane Aerospace Electronics – Key offerings
Exhibit 119: Crane Aerospace Electronics – Segment focus

12.5 Eaton Corp. Plc

Exhibit 120: Eaton Corp. Plc – Overview
Exhibit 121: Eaton Corp. Plc – Business segments
Exhibit 122: Eaton Corp. Plc – Key news
Exhibit 123: Eaton Corp. Plc – Key offerings
Exhibit 124: Eaton Corp. Plc – Segment focus

12.6 General Aviation Modifications Inc.

Exhibit 125: General Aviation Modifications Inc. – Overview
Exhibit 126: General Aviation Modifications Inc. – Product / Service
Exhibit 127: General Aviation Modifications Inc. – Key offerings

12.7 Honeywell International Inc.

Exhibit 128: Honeywell International Inc. – Overview
Exhibit 129: Honeywell International Inc. – Business segments
Exhibit 130: Honeywell International Inc. – Key news
Exhibit 131: Honeywell International Inc. – Key offerings
Exhibit 132: Honeywell International Inc. – Segment focus

12.8 Meggitt Plc

Exhibit 133: Meggitt Plc – Overview
Exhibit 134: Meggitt Plc – Business segments
Exhibit 135: Meggitt Plc – Key news
Exhibit 136: Meggitt Plc – Key offerings
Exhibit 137: Meggitt Plc – Segment focus

12.9 Melrose Industries Plc

Exhibit 138: Melrose Industries Plc – Overview
Exhibit 139: Melrose Industries Plc – Business segments
Exhibit 140: Melrose Industries Plc – Key offerings
Exhibit 141: Melrose Industries Plc – Segment focus

12.10 Nabtesco Corp

Exhibit 142: Nabtesco Corp – Overview
Exhibit 143: Nabtesco Corp – Business segments
Exhibit 144: Nabtesco Corp – Key offerings
Exhibit 145: Nabtesco Corp – Segment focus

12.11 Parker Hannifin Corp.

Exhibit 146: Parker Hannifin Corp. – Overview
Exhibit 147: Parker Hannifin Corp. – Business segments
Exhibit 148: Parker Hannifin Corp. – Key news
Exhibit 149: Parker Hannifin Corp. – Key offerings
Exhibit 150: Parker Hannifin Corp. – Segment focus

12.12 PTI Technologies Inc.

Exhibit 151: PTI Technologies Inc. – Overview
Exhibit 152: PTI Technologies Inc. – Key offerings

12.13 Safran SA

Exhibit 153: Safran SA – Overview
Exhibit 154: Safran SA – Business segments
Exhibit 155: Safran SA – Key news
Exhibit 156: Safran SA – Key offerings
Exhibit 157: Safran SA – Segment focus

12.14 Secondo Mona S.p.A.

Exhibit 158: Secondo Mona S.p.A. – Overview
Exhibit 159: Secondo Mona S.p.A. – Product / Service
Exhibit 160: Secondo Mona S.p.A. – Key offerings

12.15 Senior Plc

Exhibit 161: Senior Plc – Overview
Exhibit 162: Senior Plc – Business segments
Exhibit 163: Senior Plc – Key offerings
Exhibit 164: Senior Plc – Segment focus

12.16 Triumph Group Inc.

Exhibit 165: Triumph Group Inc. – Overview
Exhibit 166: Triumph Group Inc. – Business segments
Exhibit 167: Triumph Group Inc. – Key offerings
Exhibit 168: Triumph Group Inc. – Segment focus

12.17 Woodward Inc.

Exhibit 169: Woodward Inc. – Overview
Exhibit 170: Woodward Inc. – Business segments
Exhibit 171: Woodward Inc. – Key news
Exhibit 172: Woodward Inc. – Key offerings
Exhibit 173: Woodward Inc. – Segment focus

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist

Exhibit 174: Inclusions checklist
Exhibit 175: Exclusions checklist

13.3 Currency conversion rates for US$

Exhibit 176: Currency conversion rates for US$

13.4 Research methodology

Exhibit 177: Research methodology
Exhibit 178: Validation techniques employed for market sizing
Exhibit 179: Information sources

13.5 List of abbreviations

Exhibit 180: List of abbreviations

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