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  • Aircraft Fuel Containment Market Growth Analysis | 2019-2024

    Aircraft Fuel Containment Market Growth Analysis | 2019-2024

    Aircraft Fuel Containment Market Growth Analysis | 2019-2024
    Report code - SRAD206 Published On : Sep,2019 No. of Pages: 230
    Aircraft Fuel Containment Market Size, Share, Trends, Forecast, & Growth Analysis - 20 See more...

    Market Insights

    The meteoric growth of the aircraft fuel containment market is expected to continue in the coming five years to reach a value of US$ 298 million in 2024.

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    What is Aircraft Fuel Containment?

    Aircraft fuel containment refers to the design and implementation of systems and structures within an aircraft to prevent the uncontrolled release of fuel in the event of a rupture or damage to fuel tanks. These systems are crucial for enhancing safety by minimizing the risk of fuel-related fires or explosions during emergencies, such as crashes or accidents. Aircraft fuel containment measures typically include the use of robust tank materials, fuel tank liners, and structural reinforcements to ensure that fuel remains securely contained within designated compartments, protecting both the aircraft and its occupants from the potential hazards associated with fuel leakage.

    Aircraft Fuel Containment Market Highlights

    Market Size in 2024

    USD 298 million

    Market Growth (2019-2024)

    3.3% CAGR

    Base Year of Study

    2018

    Trend Period

    2013-2017

    Forecast Period

    2019-2024

    Market Dynamics

    Increasing aircraft deliveries to support rising air passenger traffic, rising military expenditure and increasing demand for self-sealing fuel bladders are the major factors that are escalating the demand for fuel containments in the aircraft industry.

    The market is marked by a handful of players, who are currently enjoying their healthy shares. These players own extraordinary capabilities in the market, securing their vanguard in the market. The market is registering further consolidation because of a fair number of mergers & acquisitions over a period of time. All the major players that hold a large chunk of the market, gained expertise in the market by acquiring core fuel containment manufacturers. For instance, Meggitt gained expertise by acquiring Engineered Fabrics Corporation, which originally gained the expertise from Goodyear. Similarly, Amfuel gained expertise from Uniroyal, which originally gained it from US Rubber. In the past few years, there has been a series of acquisitions including the acquisition of the advanced composite business of Cobham plc by Meggitt PLC, the acquisition of GKN Aerospace by Melrose Industries, and the acquisition of Zodiac Aerospace by Safran SA.

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    Segments' Analysis

    By Aircraft Type

    The aircraft fuel containment market is segmented based on the aircraft type as military aircraft and civil aircraft. Military aircraft are likely to remain the dominant segment of the market during the forecast period. Both military fixed-wing and rotorcraft are likely to generate sizeable opportunities for market participants in the coming five years. There is a growing interest among defense communities in the development of efficient fuel containment that substantially mitigates aircraft vulnerability.

    By Component Type

    Based on the component type, the market is segmented as composite containment and flexible fuel bladder. Composite containment is projected to remain the most dominant component type in the aircraft fuel containment market over the next five years. Rubber-coated fabric is the major type of material used in such containments. The demand for flexible fuel bladders is largely driven by the military aircraft segment, which generally has such types of fuel containment. Meggitt, Safran SA, and GKN Aerospace are leading players, supplying fuel bladders.

    By Material Type

    Based on the material type, the market is segmented as rubber-coated fabric, polyurethane-coated fabrics, and others. Excellent resistance to petroleum fluids and chemicals, superior heat resistance, and high strength-to-weight ratio are some key factors that have led to the mass adoption of rubber-coated fabrics in the aircraft fuel containment market. ContiTech and Colmant Coated Fabrics are leading suppliers of rubber-coated fabrics for aircraft fuel containments.

    Regional Insights

    In terms of regions, North America is projected to remain the largest market for aircraft fuel containment during the forecast period, largely driven by massive demand from defense organizations such as the U.S. Department of Defense (DoD) and Defense Logistics Agency (DLA). Asia-Pacific currently represents a relatively small market opportunity; however, is subjected to grow at a handsome rate in the coming years, largely driven by China. China is projected to add a growth propulsion engine to the global demand for fuel containments.

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    Market Segmentation

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

    The aircraft fuel containment market is segmented in the following ways.

    By Aircraft Type

    • Military Aircraft
    • Civil Aircraft

    By System Type

    • Rotorcraft System
    • Fixed Wing System

    By Component Type

    • Composite Containment
    • Flexible Fuel Bladder

    By Material Type

    • Rubber-Coated Fabrics
    • Polyurethane-Coated Fabrics
    • Others

    By Containment Type

    • Self-Sealing/Crash Resistant Bladder
    • Fuel Bladder
    • Fuel Tank

    By Region:

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, Italy, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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    Key Players

    The supply chain of this market comprises raw material suppliers, aircraft fuel containment manufacturers, airframers, and end-users.

    Some of the key players in the aircraft fuel containment market are-

    • Meggitt PLC
    • Safran SA
    • GKN Aerospace
    • Marshall Aerospace
    • Amfuel
    • Floats & Fuel Cell Inc.

    Strategic collaborations, the formation of long-term contracts, and the development of highly efficient and lightweight products are the key strategies adopted by major players to gain a competitive edge in the market.

    Research Methodology

    For calculating the market size, our analysts follow either a Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of a 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.

    We leverage the multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentations, white papers, and articles to gather the data.

    More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.

    Report Features

    This paragon report, from Stratview Research, provides a complete analysis of the aircraft fuel containment market over the trend period of 2013 to 2018 and the forecast period of 2019 to 2024. The report segments and analyses the market in the most comprehensive manner to provide a panoramic view of the market.

    The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of low-hanging fruits available as well as the formulation of growth strategies.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Aircraft Fuel Containment Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market Segment Analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirements?

    10% free customization

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the component types by application type.

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

    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 to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    Aircraft fuel containment refers to the design and implementation of systems and structures within an aircraft to prevent the uncontrolled release of fuel in the event of a rupture or damage to fuel tanks. These systems are crucial for enhancing safety by minimizing the risk of fuel-related fires or explosions during emergencies, such as crashes or accidents. Aircraft fuel containment measures typically include the use of robust tank materials, fuel tank liners, and structural reinforcements to ensure that fuel remains securely contained within designated compartments, protecting both the aircraft and its occupants from the potential hazards associated with fuel leakage.

    Driven by a number of factors like Increasing aircraft deliveries to support rising air passenger traffic, the aircraft fuel containment market size is projected to reach an estimated value of US$ 298 million in 2024.

    The aircraft fuel containment market is expected to witness an impressive growth of 3.3% CAGR during 2019-2024.

    Meggitt PLC, Safran SA, GKN Aerospace, Marshall Aerospace, Amfuel, and Floats & Fuel Cell Inc. are among the key players in the market.

    Composite containment is expected to remain the most dominant component type in the market over the next five years.

    North America is expected to remain the largest market during the forecast period.

    Military aircraft is expected to remain dominant in the market in the coming years.

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