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Aircraft Airframe Fuel Systems Market Report
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Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and statergy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
See less...Covid-19 has impacted the market dynamics, competition, and global...
See more...Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and statergy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
This report, from Stratview Research, studies the airframe fuel systems market for the aircraft industry over the trend period of 2012 to 2017 and forecast period of 2018 to 2023. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities in the market.
The Global Aircraft Airframe Fuel Systems Market: Highlights
The coming five years for the airframe fuel systems market in the aircraft industry are going to be vigorous with a myriad of opportunities in the entire ecosystem of the market. Most of the players are developing innovative solutions in order to meet the keep changing requirements of aircraft OEMs and airlines. It is expected that the industry stakeholders will introduce more innovative solutions in the coming years with respect to enhance the overall aircraft’s fuel efficiency and to upsurge the reliability and veracity of fuel transmission from fuel tanks to engines.
Fuel systems play a vital role in the aircraft industry as they deliver, manage, and control the flow of fuel and its rate from fuel tanks, generally located at the wings or aircraft belly or both, to all engines. The global airline industry is fiercely competitive with the presence of more than 800 active airlines. All airlines, either low-cost carriers or premium airlines, are rigorously optimizing their operations. They are demanding more fuel-efficient aircraft to mitigate their operational cost as fuel roughly cost 30% of the airlines’ operational cost.
Aircraft manufacturers are increasingly incorporating advanced lightweight materials in both structural and semi-structural components to reduce the weight of the aircraft. Reduction in the weight of aircraft considerably improves the fuel efficiency. For instance, B787 and A350XWB, the two recently developed next-generation aircraft, constitute composite materials up to 53% of the total structural weight of the aircraft. Airframe fuel systems are also not untouched by such dynamics and experiencing a greater usage of advanced lightweight materials.
The global aircraft airframe fuel systems market is projected to reach an estimated value of US$ 4,743.1 million in 2023. There are a host of factors burgeoning the demand for airframe fuel systems in the aircraft industry. Among all the drivers, the biggest one is an organic growth of aircraft demand. Boeing anticipated that there would be total deliveries of 41,030 commercial aircraft worth US$ 6.1 trillion in the global marketplace during 2017-2036. Asia-Pacific and North America would be the biggest demand generators with a combined share of 60.2% of the total commercial aircraft deliveries during 2017-2036. This factor will create a sustainable demand for fuel systems globally in the foreseeable future.
Another major driver is an increased demand for unmanned aerial vehicles. All the major countries, especially the USA, have incessantly been shielding their defense by developing more UAVs to protect themselves in urgency. Mini-UAVs, HALE (High-Altitude Long Endurance), and TUAVs (Tactical Unmanned Aerial Vehicle) are likely to gain more shares in the coming years. North America is likely to remain the largest market over the next five years, whereas Asia-Pacific and Europe are likely to be the new growth engines of the segment’s market over the next five years.
The global aircraft airframe fuel systems market is segmented based on the aircraft type as Commercial Aircraft, Military Aircraft, and Unmanned Aerial Vehicle. Commercial aircraft is expected to remain the largest segment of the aircraft airframe fuel systems market during the forecast period. Increasing commercial aircraft deliveries, a higher demand for fuel-efficient aircraft, and rising aircraft fleet size are key growth drivers of the market. A320 family, B737, B787, and A350XWB would remain the growth engines of the segment’s market in the foreseeable future. The UAV segment is also projected to witness the highest growth over the next five years, propelled by a rising demand for UAVs across regions.
North America is projected to remain the largest aircraft airframe fuel systems market during the forecast period, driven the USA. The region is the manufacturing capital of the aerospace industry with the presence of large- to small-sized aircraft manufacturers, MRO players, tier players, and raw material suppliers. The North American aerospace industry is well-developed and possesses significant technological capabilities.
Asia-Pacific is the fastest-growing market for aircraft airframe fuel systems during the same period, driven by high commercial aircraft fleet, indigenous production of commercial and regional aircraft, the opening of assembly plants in China by both major commercial aircraft OEMs (Boeing and Airbus), and increasing the defense budget. China and India are the key growth engines of the Asia-Pacific’s aircraft airframe fuel systems market.
Eaton Corporation Plc, Parker Hannifin Corporation, United Technologies Corporation, Triumph Group, Zodiac Aerospace., GKN Plc, Honeywell International, Inc. and Meggitt Plc are the key players in the aircraft airframe fuel Systems market. Formation of long-term contracts, the development of lightweight components, and collaboration with customers are the key strategies adopted by major players to gain a competitive edge in the market throughout the globe.
Research Methodology
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We usually conduct more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
The aircraft airframe fuel systems market is segmented into the following categories.
Global Aircraft Airframe Fuel Systems Market by Aircraft Type:
Global Aircraft Airframe Fuel Systems Market by Engine Type:
Global Aircraft Airframe Fuel Systems Market by Component Type:
Global Aircraft Airframe Fuel Systems Market by Technology Type:
Global Aircraft Airframe Fuel Systems Market by Region:
Report Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]
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