DUBLIN, October 3, 2017 /PRNewswire/ --
The "Global Commercial Aircraft Turbine Fuel Injection Component Market 2017-2021" report has been added to Research and Markets' offering.
The global commercial aircraft turbine fuel injection component market to grow at a CAGR of 6.02% during the period 2017-2021.
Global Commercial Aircraft Turbine Fuel Injection Component Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. The report covers the present scenario and the growth prospects of the global commercial aircraft turbine fuel injection component market for 2017-2021.
The latest trend gaining momentum in the market is Emergence of 3D-printed engine components. Government contractors and agencies are using 3D printing (additive manufacturing) to improve the quality and accessibility of sophisticated products. For instance, GE Aviation manufactures aircraft engine parts using the 3D printing technique. Its jointly developed CFM LEAP engines use 3D-printed fuel nozzles. These parts are lighter in weight, simpler in design, and possess high durability. 3D-printed nozzles are 25% lighter than those made using conventional techniques.
According to the report, one of the major drivers for this market is Demand for enhanced aero-engine components. The new-age aircraft necessitate optimization for efficiency more than ground vehicles, which can refuel often. Aviation fuel is expensive, and great care is taken to prevent its contamination. Also, fuel plays an important role in limiting the range of an aircraft, which in turn, depends on its overall weight. The aviation industry also keeps a close eye on the effect of aircraft emissions on the environment. Therefore, new-generation aircraft, such as Boeing 787 and 737 MAX, Bombardier CSeries, and Airbus A350, feature better fuel efficiency compared with earlier-generation airplanes and generate less pollution. Better fuel efficiency also leads to cost saving for the airlines.
Further, the report states that one of the major factors hindering the growth of this market is Lack of transparency in spare part pricing. There is no proper spare part pricing in the component manufacturing industry. The price for similar products with same part size, material, and technology differs from vendor to vendor. Despite the growth of parts manufacturer approval (PMA) components and the rising demand for aircraft aftermarket parts, pricing transparency remains one of the key challenges in this market. Currently, the market comprises different types of suppliers. Also, the market is highly fragmented and opaque for buyers.
- PARKER HANNIFIN
- UTC Aerospace Systems
Other prominent vendors
- GE Aviation
- TRIUMPH GROUP
- Valcor Engineering
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Segmentation By Aircraft Type
Part 07: Geographical Segmentation
Part 08: Decision Framework
Part 09: Drivers And Challenges
Part 10: Market Trends
Part 11: Vendor Landscape
Part 12: Key Vendor Analysis
Part 13: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/j2kkmm/global_commercial
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SOURCE Research and Markets