Aircraft Engine Fuel Systems Market Research
Report By Forecast To 2023
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2023
PREPARED BY
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)
Aircraft Engine Fuel Systems Market Research Report - Forecast to 2023
Global Aircraft Engine Fuel Systems Market Information Report by Application (Commercial Aircraft,
Military Aircraft, and UAV), by Engine Type (Jet Engine, Helicopter Engine, Turboprop Engine, and UAV
Engine), by Region (North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America) Forecast to 2023
The rapidly growing aircraft deliveries is one of the primary factors driving the global aircraft engine fuel systems market. In
addition, the development of lightweight fuel delivery systems have also contributed towards the market growth.
Moreover, as the airline companies are focusing on the attainment of increased aircraft efficiencies and reduction of the
operational costs, the market for aircraft engine fuel systems is expected to witness a significant growth, during the forecast
period.
Since, the fuel costs approximately account for 30-40% of the airline’s total operating costs, there has been an increased
demand for the next-generation fuel efficient aircraft. Concurrently, the aircraft manufacturers have been incorporating
advanced lightweight materials in both the aircraft’s structural and semi-structural components, in order to reduce the
aircraft weight, which improves the aircraft fuel efficiency. Furthermore, with the emergence of composite-manufactured
fuel systems that make the aircraft more fuel efficient, the market provides immense opportunities for the associated
companies. Therefore, it is expected that innovative refueling systems, in the next generation planes, along with the
presence of emergency fuel systems would create ample opportunities for the market players to maximize their profits and
in turn contribute towards the growth of the global aircraft engine fuel systems market.
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Aircraft Engine Fuel Systems Market Research Report - Forecast to 2023
Market Segmentation of Global Aircraft Engine Fuel Systems Market
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Aircraft Engine Fuel Systems Market Research Report - Forecast to 2023
Regional Analysis: Global Aircraft Engine Fuel Systems market:
North America is expected to dominate the aircraft engine fuel systems market by 2023, primarily due to the presence of
the established firms in the US. Moreover, since the region is a major hub of the aerospace industry, it directly contributes
to the growth of the market in the region.
It is expected that by 2023, the Asia-Pacific region would attain the fastest growth in the market, largely due to the rapidly
rising commercial aircraft fleets in the region. Moreover, the high military expenses by countries like India and China, have
also resulted in the market growth for the region.
Key Players : Global Aircraft Engine Fuel Systems market:
The key players of the global aircraft engine fuel systems market are Eaton Corporation Plc, Parker Hannifin Corporation,
United Technologies Corporation, Triumph Group, Woodward, Inc., GKN Plc, Honeywell International, Inc., Zodiac
Aerospace, and Meggitt Plc. In 2016, these players accounted for XX% share of the global market.
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