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Aircraft Fuel Systems Market Size & Share | 2019-2024
Aircraft Fuel Systems Market Size, Share, Trend, Forecast, & Competitive Analysis: 2019-2024
Aircraft Fuel Systems Market is Segmented by Aircraft Type (Commercial Aircraft, Military Aircraft, and UAV), by Engine Type (Jet Engine, Turboprop Engine, Helicopter Engine, and UAV Engine), by Component Type (Piping, Inerting Systems, Fuel Pumps, Fuel Valves, Fuel Gauging and Management System, Fuel Filters, Fuel Tanks, and Others), by Technology Type...
Aircraft Fuel System is the system through which the jet fuel is pumped, managed, or delivered to the aircraft's auxiliary power unit or the aircraft propulsion system. The system is also responsible for preventing the fuel from reaching out to the engine in the case of a fire. Aircraft Fuel System can be of different technologies such as that of fuel injection, pump feed technology, and gravity feed technology. Different fuel systems are used in different aircraft types based on the applications.
Driven by a number of factors like increasing demand for unmanned aerial vehicles, the aircraft fuel system is projected to reach an estimated value of US$ 7,059.1 million in 2024.
Eaton Corporation Plc, Parker Hannifin Corporation, Collins Aerospace, Triumph Group, Woodward, Inc., GKN Plc (GKN Aerospace), Honeywell International, Inc, Safran (Zodiac Aerospace), and Meggitt Plc are the key players in the aircraft fuel systems market.
North America is Expected to remain the largest aircraft fuel systems market during the forecast period, driven by the USA.
Asia-pacific is expected to be the fastest growing aircraft fuel system market in the coming five years.
The jet engine is expected to be the growth engine in the aircraft fuel system market during the next five years.
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