Aircraft Fuel Tank Inerting System Market Forecasts | 2023-2028

Market Highlights

The Global Aircraft Fuel Tank Inerting System Market is expected to grow from US$ 279 million in 2022 to US$ 476 million by 2028 at a healthy CAGR of 8.0% during the forecast period of 2023-2028.

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An aircraft fuel tank inerting system, also known as a flammability reduction system, is a component in the fuel system that protects against fire and explosion in the fuel tank by developing an inert condition within the ullage space of the fuel tank. It is achieved by supplying inert gas, mostly nitrogen, to displace the oxygen in the ullage space of the tank.

The odds of a fuel tank fire or explosion are high during aircraft refueling on the ground and in flight. In the case of aircraft refueling, ground-based systems are used for the supply of inert gas to the aircraft when an aircraft is in inactive mode. During the flight, fuel is continuously consumed, creating space for the flammable gases.

The fuel tank inerting system converts the bleed air to nitrogen-enriched air (NEA), replacing the flammable gases in the fuel tank. This reduction of oxygen in the fuel tank prevents combustion, even if a spark is present. The oxygen concentration inside the fuel tank of an aircraft should be less than 11.9% but can vary in the range of 9%-12%. In such systems, nitrogen-enriched air (NEA) is supplied at a concentration of 10%-12%.

Covid-19 Impact

The COVID-19 pandemic significantly impacted the aircraft fuel tank inerting system market, causing a decline of over 35% in 2020. The market was expecting a healthy recovery from 2021 onwards; however, the rising geopolitical conditions, economic crisis, and temporary suspension of B787 aircraft deliveries thrashed market hope, and the market witnessed a minimal increase in the year 2021. The market then commenced a healthy recovery from 2022 onwards.

Recent Market JVs and Acquisitions:

• In 2021, Eaton Corporation completed the acquisition of Cobham Mission Systems. Cobham is an established supplier of environmental systems, actuation, and air-to-air refueling systems, mostly for the defense industry. The company employs about 2,000 people, and it has factories in the United States and the United Kingdom.
• In 2018, France-based aircraft system manufacturer Safran announced its acquisition of Zodiac Aerospace, a France-based aircraft equipment supplier.

Such mergers and acquisitions aid market players in expanding their geographical boundaries and accentuating their footprint in the global fuel tank inerting and fuel systems market.

Market Drivers

The global aircraft fuel tank inerting system market is driven by several key factors, including:

• Increasing aircraft deliveries fueled by rising passenger traffic, the introduction of variants of existing programs, increasing the production rate of key aircraft programs, and expanding fleet size are the major factors driving the growth of fuel tank inerting systems in the aerospace industry.
• The fuel tank inerting system is essential to the airframe fuel system.
• The aviation industry is increasingly incorporating advanced lightweight materials in both structural and semi-structural components to reduce the weight of an aircraft.
• A reduction in the weight of an aircraft considerably improves fuel efficiency.
• Fuel tank inerting systems are also not untouched by such dynamics and experience a greater usage of lightweight materials, such as aluminum and advanced high-strength steel (AHSS), to align with the airlines’ requirements.

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Key Players

The market is highly consolidated with the presence of a handful number of players. Most of the major players compete on some of the governing factors, including price, product offerings, regional presence, etc. The supply chain of this market comprises raw material suppliers, aircraft fuel tank inerting system suppliers, distributors/part brokers, aircraft manufacturers, airlines, MRO companies, and aircraft leasing companies.

The following are the key players in the aircraft fuel tank inerting systems market.

• Air Liquide S.A.
• Collins Aerospace
• Eaton Corporation
• Honeywell International Inc.
• Liebherr-International AG
• Parker Hannifin Corporation
• Safran S.A.

Segments Analysis

Report Features

This report provides market intelligence most comprehensively. 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.

What Deliverables Will You Get in this Report?

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s aircraft fuel tank inerting systems market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.

This report offers high-quality insights and is 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. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Target Audience

The following is a list of the customers that the market aims to convert the most:

• Manufacturers
• Suppliers
• Distributors
• Organizations
• Government bodies

Critical Questions Answered in the Report

• What are the key trends in the market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the market?
• What are the key strategies adopted by the major vendors to lead in the market?
• What is the market share of the top vendors?

Report Customization

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)

Competitive Benchmarking

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

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