Aircraft Fuel Containment Market Report
Aircraft Fuel Containment Market is Segmented by Aircraft Type (Military Aircraft and Civil Aircraft), by System Type (Rotorcraft System and Fixed Wing System), by Component Type (Composite Containment and Flexible Fuel Bladder), by Material Type (Rubber Coated Fabric, Polyurethane and Others), by Containment Type (Self Sealing/Ballistic Resistant/Crash Resistant Bladder, Fuel Bladder and Fuel Tank), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
Aircraft Fuel Containment Market is Segmented by Aircraft Type (Military Aircraft and Civil Aircraft), by System Type (Rotorcraft System and Fixed Wing System), by Component Type (Composite Containment and Flexible Fuel Bladder), by Material Type...
Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy 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.
The meteoric growth of the aircraft fuel containment market is extrapolated to continue in the coming five years to reach a value of US$ 294.6 million in 2024. 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 manufacturer. 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 past few years, there has been a series of acquisition including the acquisition of the advanced composite business of Cobham plc by Meggitt PLC, acquisition of GKN Aerospace by Melrose Industries, and acquisition of Zodiac Aerospace by Safran SA.
The market is segmented based on the aircraft type as military aircraft and civil aircraft. Military aircraft is 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 the market participants in the coming five years. There is a growing interest among defense communities for the development of efficient fuel containment that substantially mitigates aircraft vulnerability.
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.
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.
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 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 an additional growth propulsion engine to the global demand for fuel containments.