Accessibility Statement Skip Navigation
  • Resources
  • Blog
  • Journalists
  • +44 (0)20 7454 5110
  • Client Login
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All Public Company News
      • All Multimedia News
      • View All News Releases

      • Regulatory News

      • D/A/CH Regulatory News
      • UK Regulatory News
      • View All Regulatory News

  • Business & Money
      • Auto & Transportation

      • Aerospace & Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads & Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking & Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers & Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalisation
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls & Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil & Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defence
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation & Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking & Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers & Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines & Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics & Personal Care
      • Fashion
      • Food & Beverages
      • Furniture & Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewellery
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks & Tourist Attractions
      • Gambling & Casinos
      • Hotels & Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Animal Welfare
      • Corporate Social Responsibility
      • Economic News, Trends & Analysis
      • Education
      • Environmental
      • European Government
      • Labour & Union
      • Natural Disasters
      • Not For Profit
      • Public Safety
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Overview
  • Distribution
  • Paid Placement
  • Multimedia
  • Disclosure Services
  • SocialBoost
  • Rooms
    • MediaRoom
    • ESG Rooms
  • AI Tools
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Hamburger menu
  • Cision PR Newswire UK provides press release distribution, targeting, monitoring, and marketing services
  • Send a Release
    • Phone

    • +44 (0)20 7454 5110 from 8 AM - 5:30 PM GMT

    • ALL CONTACT INFO
    • Contact Us

      +44 (0)20 7454 5110
      from 8 AM - 5:30 PM GMT

  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • News in Focus
    • Browse News Releases
    • Regulatory News
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
    • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • Overview
  • Distribution
  • Paid Placement
  • Multimedia
  • Disclosure Services
  • Cision Communications Cloud®
  • AI Tools
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists

Aircraft Fuel Systems Market Size to Reach USD 14.95 Billion in 2028 | Rising Demand for Unmanned Aerial Vehicles is a Key Factor Driving Industry Demand, says Emergen Research

This image opens in the lightbox

News provided by

Emergen Research

16 Dec, 2021, 12:03 GMT

Share this article

Share toX

Share this article

Share toX

VANCOUVER, BC, Dec. 16, 2021 /PRNewswire/ -- The global aircraft fuel systems market size was USD 9.13 Billion in 2020. Rising demand for Unmanned Aerial Vehicles (UAVs), increasing production of new aircraft, increasing investment in lightweight aircraft fuel systems, increase in air passenger traffic volumes, rising demand for electric aircraft propulsion systems, rising disposable income, and rapid urbanization in developing countries are key factors driving market revenue growth.

Drivers: Increase in air passenger traffic

Increasing air passenger traffic, resulting in steady increase in delivery of new aircraft to cater to rising demand among domestic and international airlines to increase fleet size is a key factor driving demand for aircraft fuel systems. As per International Civil Aviation Organization's statistics, by 2035, passenger traffic and freight volume is estimated to increase two-fold, driven significantly by changing demographics and economic growth, particularly due to rising disposable income among individuals in various developing countries. It has been estimated that a growth of around 3% yearly in economy till 2035 will lead to air passenger traffic growth by around 6% annually over the same period. In addition, increasing number of low-cost airlines (accounting for approximately one-fourth of global passenger traffic) offering competitive air fare on common destinations is fueling air passenger traffic growth.

Click Here to Access Free sample PDF Copy of the Report@ https://www.emergenresearch.com/request-sample/856

Restraints: Effect of changing flying condition on management of aircraft fuel

Effect of changing flying conditions on management of aircraft fuel may hamper market revenue growth over the forecast period. Fuel systems used in aircraft vary considerably from aircraft to aircraft owing to many-sided quality and relative size of aircraft in which these are installed. This restricts manufacturers in designing a fuel system that can efficiently handle fuel management in various types of aircraft.

Growth Projections

Global aircraft fuel systems market size is expected to reach USD 14.95 Billion in 2028 and register a revenue CAGR of 6.3% over forecast period. Rising demand for technologically advanced aircraft fuel systems is a major driver for market revenue growth. Incorporation of advanced inerting systems in fuel tanks improve aircraft fuel system safety by removing the oxygen in the fuel tank, and this as a result, immensely decreases potential explosion risk arising due to spark generation.

COVID-19 Direct Impacts

Aircraft fuel systems market growth has been impacted by the COVID-19 pandemic, due to imposed lockdowns and restrictions and supply chain disruption, which have severely impacted activities related to raw material procurement for fuel system production. additionally, halt in aircraft production, primarily due to severe losses suffered by airlines during the pandemic owing air travel restrictions, led to a major dip in market revenue growth.

Current Trends and Innovations

Rising demand for Unmanned Aerial Vehicles (UAVs) is driven by technological advancements, especially in the military & defense sector, is driving demand for aircraft fuel systems. Recently, demand for UAVs registered an exponential rise as these vehicles play a critical role in modern armed forces with an increasing number of civil and dual use applications. Various developed and developing countries such as the US, China, Japan, and India are making significant investments to obtain UAVs to better equip and facilitate their respective armed forces.

Make Payment [Buy your Exclusive copy]@ https://www.emergenresearch.com/select-license/856

Geographical Outlook

North America aircraft fuel systems market accounted for a significantly large revenue share in 2020, attributed to increasing investments in research and development of advanced fuel systems for aircraft, increased military and defense budget, and presence of leading market players such as Parker Hannifin Corporation.

Strategic Initiatives

In August 2021, Parker Hannifin Corporation, which is a company engaged in manufacturing of aircraft, made an announcement about its decision to expand its aerospace systems business by about two-fold by acquisition of Meggitt, which a firm based in UK, in a cash transaction of USD 8.8 billion. Parker Hannifin and Meggitt possess portfolio of complementary products, and the acquisition is expected to expand core product lines, augment new capabilities and allow novelties on low-carbon, more-electric, key technologies. Also, Parker Hannifin expects this initiative will produce savings through synergies of USD 300.0 million in three years.

Some Key Highlights From the Report

  • By engine type, turboprop engine segment revenue is expected to register a significantly robust CAGR over the forecast period. Turboprop engine is more efficient and cost-effective for shorter distances, are more lightweight than a jet engine, and provide improved performance during take-off. A turboprop engine runs more efficiently than a jet and provides a higher power output/unit weight. In addition, these engines provide optimum fuel efficiency at low altitudes, are able to take-off and land on non-concrete and shorter runways, and have low maintenance costs.
  • By technology, pump feed segment accounted for a robust revenue share in 2020. The pump feed system provides adequate pressure to move fuel to an engine that is at a higher level than the tank and does this using pressure required for a fuel-injection system.
  • The fuel filter prevents dust from entering engine, which could otherwise damage the pistons, cylinders, and other components, leading to costly repairs. Use of filters enables longer engine life and improved engine performance.
  • Inerting systems decreases volatility of air volume above the fuel in the aircraft fuel tank. When fuel is consumed while flying, fuel level in the tank is decreased and oxygen in the ullage is substituted by non-flammable inert gas.
  • Some major companies in the market report include Parker Hannifin Corporation, Triumph Group PLC, Safran SA, Eaton Corporation PLC, Meggitt PLC, Woodward Inc., Raytheon Technologies, GKN Aerospace Services Limited, Crane Co., and Honeywell International Inc.

Have a look at Report Description and Table of Contents of Market Report@ https://www.emergenresearch.com/industry-report/aircraft-fuel-systems-market

Emergen Research has segmented the global aircraft fuel systems market on the basis of engine type, technology, component, application, and region:

  • Engine Type Outlook (Revenue, USD Billion; 2018–2028)
    • Jet Engine
    • Turboprop Engine
    • Helicopter Engine
    • UAV Engine
  • Technology Outlook (Revenue, USD Billion; 2018–2028)
    • Pump Feed
    • Fuel Injection
    • Gravity Feed
  • Component Outlook (Revenue, USD Billion; 2018–2028)
    • Piping
    • Pumps
    • Valves
    • Inerting Systems
    • Fuel Control Monitoring System
    • Filters
    • Gauges
  • Application Outlook (Revenue, USD Billion; 2018–2028)
    • Military & Defense
    • Commercial

Avail Special Year End Limited Time Discount@ https://www.emergenresearch.com/request-discount/856

  • Regional Outlook (Revenue, USD Billion; 2018–2028)
    • North America
      • U.S.
      • Canada
      • 3Mexico
    • Europe
      • Germany
      • U.K.
      • France
      • Italy
      • Spain
      • Sweden
      • BENELUX
      • Rest of Europe
    • Asia Pacific
      • China
      • India
      • Japan
      • South Korea
      • Rest of APAC
    • Latin America
      • Brazil
      • Rest of LATAM
    • Middle East & Africa
      • Saudi Arabia
      • UAE
      • South Africa
      • Israel
      • Rest of MEA

Explore Latest Published Blogs by Emergen Research:

Top 10 Leading Companies Offering Path-breaking Blockchain AI Solutions

Top 10 Companies in the AI-Enabled Medical Imaging Solutions Market

Top 10 IoT Medical Device Companies Leading the Digital Revolution in Healthcare

Top 7 Companies Offering Blockchain Technology In Energy Sector

World's Top 10 Leading Companies Incorporating SLAM Technology to Offer Next-level Mapping and Location Tracking Solutions

Top 10 Companies in the World Providing Top-tier Edge Analytics Solutions

Top 10 Globally Leading Companies Offering Next-Generation Smart Factory Solutions

 About Emergen Research 

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trend's existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

Contact Us:

Eric Lee
Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
Explore Our Custom Intelligence services | Growth Consulting Services
Facebook | LinkedIn | Twitter | Blogs
Read Full Press Release@ https://www.emergenresearch.com/press-release/global-aircraft-fuel-systems-market

Logo: https://mma.prnewswire.com/media/1579538/Emergen_Research_Logo.jpg

Modal title

Contact PR Newswire

  • +44 (0)20 7454 5110
    from 8 AM - 5:30 PM GMT
  • General Enquiries
  • Media Enquiries
  • Partnerships

Products

  • Content Distribution
  • Multimedia Services
  • Disclosure Services
  • Cision Communications Cloud®

About

  • About PR Newswire
  • About Cision
  • Partnering Opportunities
  • Careers
  • APAC
  • APAC - Simplified Chinese
  • APAC - Traditional Chinese
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Indonesia
  • Israel
  • Japan
  • Korea
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United States
  • Vietnam

My Services

  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
  • Data Privacy

Do not sell or share my personal information:

  • Submit via Privacy@cision.com 
  • Call Privacy toll-free: 877-297-8921

Contact PR Newswire

Products

About

My Services
  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
+44 (0)20 7454 5110
from 8 AM - 5:30 PM GMT
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 PR Newswire Europe Limited. All Rights Reserved. A Cision company.