The report studies the factors influencing the growth of the industry in the global Aircraft Fuel Systems Market and offers accurate predictions about the growth pattern. The report pays special attention to the key elements of the Aircraft Fuel Systems Market, such as drivers, restraints, opportunities, threats, risks, limitations, and other aspects. The report covers a comprehensive analysis of the competitive landscape with a detailed analysis of the company profiles, product portfolio, and business expansion strategies.
Aircraft fuel systems market revenue growth is fueled by increasing defense budget resulting in purchase of new fighter as well as transport and passenger aircraft. As per estimates, military defense expenditure worldwide was more than USD 1980.0 billion in 2020, which was approximately 2.6% over expenses made in 2019. Increasing use of Unmanned Aerial Vehicles (UAVs) and development of stealthier, cutting-edge fixed-wing aircraft for military applications to improve aerial combat capabilities is expected to drive market revenue growth over the forecast period. Fighter aircraft provide close air support to defend land troops and also deter air strike threats by enemy aircraft; whereas in navies, such aircraft are used for detecting and neutralizing submarines and warships.
The complete regional analysis covers:
- North America (U.S., Canada, Mexico)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
The latest report encases an in-depth summary of the intensely competitive landscape of the global Aircraft Fuel Systems Systems market, with systematic profiling of the companies operating across this industry. In this section of the report, experts have listed down the strategic initiatives undertaken by these market rivals for proposed business expansion. Additionally, it highlights the key developments and financial positions of these companies to explain the overall market scenario. The company profiles of the established and new players have also been assessed in the report through effective analytical tools like SWOT analysis.
Some major companies included in the company profile section of the global market report include Parker Hannifin Corporation, Triumph Group PLC, Safran SA, Eaton Corporation PLC, Meggitt PLC, Woodward Inc., Raytheon Technologies, GKN Aerospace Services Limited, Crane Co., and Honeywell International Inc.
Emergen Research has segmented the global aircraft fuel systems market on the basis of engine type, technology, component, application, and region:
Engine Type Outlook (Revenue, USD Billion; 2018–2028)
- Jet Engine
- Turboprop Engine
- Helicopter Engine
- UAV Engine
Technology Outlook (Revenue, USD Billion; 2018–2028)
- Pump Feed
- Fuel Injection
- Gravity Feed
Component Outlook (Revenue, USD Billion; 2018–2028)
- Inerting Systems
- Fuel Control Monitoring System
Key point summary of the report:
- The report offers a comprehensive overview of the aircraft fuel systems market size, share, and growth rate in the forecast duration.
- It provides details about current scenario, historical data, giving an accurate market forecast for the coming years.
- The study categorizes the aircraft fuel systems market on the basis of product types, applications, end users, market value and volume, business verticals, and 5 major regions.
- It also offers regional analysis of aircraft fuel systems market and forecast for prominent geographies in the sector viz., North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
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