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Aircraft Fuel Systems Market Size, Share, Competitive Landscape and Trend Analysis Report by Application, by Engine Type, by Component, by Technology : Global Opportunity Analysis and Industry Forecast, 2024-2032

Aircraft Fuel Systems Market Size, Share, Competitive Landscape and Trend...

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Aircraft Fuel Systems Market Size, Share, Competitive Landscape and Trend Analysis Report by Application, by Engine Type, by Component, by Technology : Global Opportunity Analysis and Industry Forecast, 2024-2032
Aircraft Fuel Systems Market Size,...
Report Code
RO2/128/1036

Publish Date
12/Jun/2024

Pages
200
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The global aircraft fuel systems market revenue was around US$ 9 billion in 2023 and is estimated to reach US$ 15.9 billion by 2032, growing at a compound annual growth rate (CAGR) of 6.5% during the forecast period from 2024 to 2032.
An aircraft fuel system plays a significant role in the loading, storage, management, and delivery of fuel to the propulsion system. It includes the engine of an aircraft. It encompasses a wide range of components, including fuel tanks, pumps, filters, valves, gauges, piping, and inerting systems. Together, these parts store fuel, move it from the tanks to the engines, keep an eye on the quantity and quality of fuel, and guard against potential dangers like vapor explosions and fuel leaks.
Factors Influencing Market Growth
- Due to the rapid increase in demand for fuel-efficient and lightweight aircraft, there has been a development of lightweight aircraft fuel systems. This will expand the aircraft fuel systems market.
- There is a growing need for UAVs, which will also generate business opportunities in the aircraft fuel systems market, thus expanding the market.
- Oil prices fluctuate often, so aircraft manufacturers are creating more fuel-efficient engines, which will help the market expand.
- Compatibility limitations hinder the widespread adoption of advanced fuel systems. The incompatibility of various aircraft models and generations may impede market growth.
Impact of COVID-19
COVID-19 affected the aviation market in many ways. In the commercial sector, passenger traffic plummeted drastically during that time. Boeing 737MAX into service and the recovery in domestic demand helped the OEMs obtain more orders and increase aircraft deliveries during that time.
Regional Insights
The Asia Pacific region dominated the global market in 2023. In terms of the aircraft fuel systems market, the Asia-Pacific region offers a varied terrain. The Asia-Pacific region is highly populated, and the proportion of individuals who can afford air travel is rising. This will propel major airlines in the region. Asia is predicted to produce the majority of aircraft. The Asia-Pacific aviation fuel systems market is expected to grow faster due to the availability of trained labor, favorable government regulations, and increased productivity.
Leading Competitors
- Triumph Group, Inc.
- Eaton Corporation
- Collins Aerospace
- Secondo Mona S.p.A.
- Woodward, Inc
- Honeywell International Inc.
- GKN Aerospace Services Limited.
- Safran S.A.
- Parker Hannifin Corporation
- Crane Company
- Other Prominent Players
Segmentation Analysis
The global aircraft fuel systems market segmentation focuses on application, engine type, component, technology, and region.
Segmentation based on Application
- UAV
- Military
- Commercial
Segmentation based on Engine Type
- UAV Engine
- Turbojet Engine
- Turbofan Engine
- Turboprop Engine
Segmentation based on Component
- Piping
- Pump
- Valve
- Gauges
- Inerting Systems
- Filters
Segmentation based on Technology
- Gravity Feed
- Fuel Feed
- Fuel Injection
Segmentation based on Region

- North America
- The U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Singapore
- Rest Of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa

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