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  • Aircraft Fuel Systems Market Growth, Top Companies, Industry Report and Forecast (2019-2024)




    (Transportation-News.com, January 28, 2020 ) According to the latest report by IMARC Group, titled Aircraft Fuel Systems Market Growth: Global Industry Trends, Share, Size, Opportunity and Forecast 2019-2024, the global aircraft fuel systems market size reached US$ 7.7 Billion in 2018. The aircraft fuel system comprises one or more gravity feed fuel tanks with associated fuel line, which is connected to the aircraft engine. Additionally, it consists of pumps, filters, valves, fuel lines, storage tanks, metering devices and monitoring devices to provide an uninterrupted flow of contaminant-free fuel. The fuel system is not only utilized for loading, storing and managing the fuel in an aircraft but also for delivering fuel to the propulsion system. It is further employed to reduce the weight of the aircraft while optimizing its center of gravity (COG) by enabling fuel dumping. These systems are majorly efficient enough to operate under all conditions, regardless of changes in altitude, attitude, fuel loads and engine power.

    Request for a free sample copy of this report: https://www.imarcgroup.com/aircraft-fuel-systems-market/requestsample

    Global Aircraft Fuel Systems Market Trends:

    The global market is primarily driven by the increasing need for the development of lightweight aircraft components. Consequently, the enhanced focus on lowering the weight of structural and semi-structural aircraft components has led to an improvement in fuel efficiency. On account of fluctuating oil prices, the deployment of lightweight fuel system components has reduced the overall operating costs, thereby providing a thrust to the market growth. A significant rise in air passenger traffic, owing to reduced airplane prices is also acting as a growth-inducing factor for the market. Additionally, the growing adoption of modernization in military aircraft is boosting the market growth. Furthermore, extensive research and development (R&D) by manufacturers has led to the advent of advanced technologies to improve the efficiency of new-generation aircraft. For instance, Eaton Corporation, a Dublin-based company, has designed and developed fuel products that are compatible with composite structures and are characterized by excellent thermal performance. On account of the aforementioned factors, the market is projected to reach a value of US$ 11.6 Billion by 2024, expanding at a CAGR of around 6.5% during 2019-2024.

    Buy full report with table of contents: https://www.imarcgroup.com/aircraft-fuel-systems-market

    Key Market Segmentation:

    Market Breakup by Engine Type:

    1. Jet Engine
    2. Helicopter Engine
    3. Turboprop Engine
    4. UAV Engine

    On the basis of the engine type, the market has been divided into the jet, helicopter, turboprop and unmanned aerial vehicle (UAV) engines.

    Market Breakup by Component:

    1. Piping
    2. Inerting Systems
    3. Pumps
    4. Valves
    5. Gauges
    6. Fuel Control Monitoring Systems
    7. Filters

    Based on the component, the market has been classified into piping, inerting systems, pumps, valves, gauges, fuel control monitoring systems and filters.

    Market Breakup by Technology:

    1. Fuel Injection
    2. Pump Feed
    3. Gravity Feed

    On the basis of the technology, the market has been categorized into fuel injection, pump feed and gravity feed.

    Market Breakup by Application:

    1. Commercial
    2. Military
    3. UAV

    Based on the application, the market has been segregated into commercial, military and UAV.

    Market Breakup by Region:

    1. North America
    2. Europe
    3. Asia Pacific
    4. Middle East and Africa
    5. Latin America

    On the geographical front, the market has been segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

    Competitive Landscape:

    The competitive landscape of the market has been studied in the report, with the detailed profiles of the key players operating in the market. Some of these include Eaton Corporation, Parker-Hannifin Corporation, Woodward, Inc., Honeywell International Inc., Triumph Group, Inc., Meggitt PLC, GKN plc., Safran SA, Crane Co., and United Technologies Corporation.

    Browse More Research Reports By IMARC Group:

    Aerospace Insurance Market Research Report: https://www.imarcgroup.com/aerospace-insurance-market
    North America Airborne ISR Market Research Report: https://www.imarcgroup.com/north-america-airborne-isr-market

    About Us:

    IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

    IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the companys expertise.

    IMARC Services Pvt. Ltd.

    Richard Lewis

    6317911145

    sales@imarcgroup.com

    Source: EmailWire.Com

    Source: EmailWire.com

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