Aircraft fuel systems market to grow by CAGR of 6.64% by 2027: Driven by the use of a measured quantity of fuel onboard to optimize performance - Technavio

NEW YORK, Feb. 17, 2023 /PRNewswire/ -- According to Technavio, the global aircraft fuel systems market size is estimated to grow by USD 1,808.81 million from 2022 to 2027. The market is estimated to grow at a CAGR of over 6.64%. Moreover, the growth momentum will accelerate. North America will account for 35% of the growth of the global market during the forecast period. The report includes historic market data from 2017 to 2021. In 2017, the aircraft fuel systems market was valued at USD 4,200.37 million. For more Insights on market Request a sample report

Aircraft fuel systems market - Five forces
The global aircraft fuel systems market is fragmented, and the five forces analysis covers– 

• Bargaining Power of Buyers 
• The threat of New Entrants
• Threat of Rivalry
• Bargaining Power of Suppliers
• Threat of Substitutes
• For an interpretation of Porter's five forces model– buy the report!

Aircraft fuel systems market – Customer landscape 

The report includes the market's adoption lifecycle, from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Aircraft fuel systems market - Segmentation assessment

Segment overview

Technavio has segmented the market based on technology (fuel injection, pump feed, and gravity feed) and application (commercial and military). 

• The fuel injection segment will grow at a significant rate during the forecast period.  Benefits such as less setup time, reduced fuel consumption, increased fuel-burning efficiency, smooth running of the engine, an increase in mileage of the aircraft,  an accurate amount of fuel flow to all cylinders, and greater adaptability to alternative fuels will attract the engine manufacturers to invest significantly in the market. These investments will fuel the market growth during the forecast period.

Geography overview

By geography, the global aircraft fuel systems market is segmented into North America, Europe, APAC, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global aircraft fuel systems market.

• North America is estimated to account for 35% of the growth of the global market during the forecast period. The region is an aviation hub and home to the majority of the industry's top stakeholders. Additionally, it is seeing investments and collaborations directed towards the development of fuel systems involving precise measurement of parameters, such as pressure flow rate, tube sizing, and performance of pumps and valves at different temperatures, pressures, altitudes, and conditions to enhance the performance. This will fuel market expansion throughout the course of the forecast period.

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Aircraft fuel systems market – Market dynamics

Key factor driving market growth

• One of the major factors driving the market growth is the use of a measured quantity of fuel onboard to optimize performance. 
• The fuel load is an aircraft needs to be optimized to enhance the overall efficiency of the aircraft.
• To maximize system efficiency, the space between the fuel tank's plates is filled with electrical capacitive sensor devices, which help in monitoring the fuel level.
• The use of such advanced systems and sensors facilitates greater fuel efficiency, which will support the growth of the market during the forecast period. 

Leading trends influencing the market 

• The continuous improvements in aircraft components is another major factor driving the market growth. 
• Several government organizations are collaborating with companies operating in the aerospace industry, to develop more reliable and long-lasting components for aircraft systems, including fuel systems as well as maintaining impeccable safety protocols.
• Businesses have been encouraged to focus on improving flammability protection in the fuel tank, an efficient inserting system, icing phenomenon analysis, and water detection in the fuel tank.
• Additionally, efforts have been directed toward the elimination of possible ignition risks in the fuel tank.
• Therefore, the ongoing improvements in aircraft components will enhance the growth of the global market during the forecast period.

Major challenges hindering market growth

• The major challenge that is hampering the market growth is the deterioration of fuel tanks due to fungal growth. 
• The performance of engine turbines in airplanes can be significantly impacted by the presence of fungi species in fuel tanks, such as Hormoconis resinae (a fungus that feeds on hydrocarbon molecules in Jet-A).
• The fungus expands quickly, especially in warm tropical climates, but becomes dormant in cooler weather.
• However, the fungus becomes active again when the temperature rises. Such factors are expected to decrease the demand for aircraft fuel systems during the forecast period.

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this aircraft fuel systems market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the aircraft fuel systems market between 2023 and 2027
• Precise estimation of the size of the aircraft fuel systems market size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the aircraft fuel systems industry across North America, Europe, APAC, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of aircraft fuel systems market vendors

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Aircraft Fuel Systems Market Scope

Table of Contents:

1 Executive Summary

• 1.1 Market Overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Technology
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global aircraft fuel systems market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global aircraft fuel systems market 2017 - 2021 ($ million)

• 4.2 Technology Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – Technology Segment 2017 - 2021 ($ million)

• 4.3 Application Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Technology

• 6.1 Market segments 
• Exhibit 30: Chart on Technology - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Technology - Market share 2022-2027 (%)

• 6.2 Comparison by Technology 
• Exhibit 32: Chart on Comparison by Technology
• Exhibit 33: Data Table on Comparison by Technology

• 6.3 Fuel injection - Market size and forecast 2022-2027
• Exhibit 34: Chart on Fuel injection - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Fuel injection - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Fuel injection - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Fuel injection - Year-over-year growth 2022-2027 (%)

• 6.4 Pump feed - Market size and forecast 2022-2027
• Exhibit 38: Chart on Pump feed - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Pump feed - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Pump feed - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Pump feed - Year-over-year growth 2022-2027 (%)

• 6.5 Gravity feed - Market size and forecast 2022-2027
• Exhibit 42: Chart on Gravity feed - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Gravity feed - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Gravity feed - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Gravity feed - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Technology 
• Exhibit 46: Market opportunity by Technology ($ million)

7 Market Segmentation by Application

• 7.1 Market segments 
• Exhibit 47: Chart on Application - Market share 2022-2027 (%)
• Exhibit 48: Data Table on Application - Market share 2022-2027 (%)

• 7.2 Comparison by Application 
• Exhibit 49: Chart on Comparison by Application
• Exhibit 50: Data Table on Comparison by Application

• 7.3 Commercial - Market size and forecast 2022-2027
• Exhibit 51: Chart on Commercial - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Commercial - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Commercial - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Commercial - Year-over-year growth 2022-2027 (%)

• 7.4 Military - Market size and forecast 2022-2027
• Exhibit 55: Chart on Military - Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Military - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Military - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Military - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Application 
• Exhibit 59: Market opportunity by Application ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 61: Chart on Market share by geography 2022-2027 (%)
• Exhibit 62: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 63: Chart on Geographic comparison
• Exhibit 64: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 65: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 66: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 67: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 68: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 69: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027
• Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 77: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 81: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 85: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 France - Market size and forecast 2022-2027
• Exhibit 89: Chart on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on France - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on France - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027
• Exhibit 93: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 China - Market size and forecast 2022-2027
• Exhibit 97: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.12 Canada - Market size and forecast 2022-2027
• Exhibit 101: Chart on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on Canada - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on Canada - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 105: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 106: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 107: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 108: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 109: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 110: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 111: Matrix on vendor position and classification

• 12.3 BAE Systems Plc 
• Exhibit 112: BAE Systems Plc - Overview
• Exhibit 113: BAE Systems Plc - Business segments
• Exhibit 114: BAE Systems Plc - Key offerings
• Exhibit 115: BAE Systems Plc - Segment focus

• 12.4 Crane Aerospace Electronics 
• Exhibit 116: Crane Aerospace Electronics - Overview
• Exhibit 117: Crane Aerospace Electronics - Business segments
• Exhibit 118: Crane Aerospace Electronics - Key offerings
• Exhibit 119: Crane Aerospace Electronics - Segment focus

• 12.5 Eaton Corp. Plc 
• Exhibit 120: Eaton Corp. Plc - Overview
• Exhibit 121: Eaton Corp. Plc - Business segments
• Exhibit 122: Eaton Corp. Plc - Key news
• Exhibit 123: Eaton Corp. Plc - Key offerings
• Exhibit 124: Eaton Corp. Plc - Segment focus

• 12.6 General Aviation Modifications Inc. 
• Exhibit 125: General Aviation Modifications Inc. - Overview
• Exhibit 126: General Aviation Modifications Inc. - Product / Service
• Exhibit 127: General Aviation Modifications Inc. - Key offerings

• 12.7 Honeywell International Inc. 
• Exhibit 128: Honeywell International Inc. - Overview
• Exhibit 129: Honeywell International Inc. - Business segments
• Exhibit 130: Honeywell International Inc. - Key news
• Exhibit 131: Honeywell International Inc. - Key offerings
• Exhibit 132: Honeywell International Inc. - Segment focus

• 12.8 Meggitt Plc 
• Exhibit 133: Meggitt Plc - Overview
• Exhibit 134: Meggitt Plc - Business segments
• Exhibit 135: Meggitt Plc - Key news
• Exhibit 136: Meggitt Plc - Key offerings
• Exhibit 137: Meggitt Plc - Segment focus

• 12.9 Melrose Industries Plc 
• Exhibit 138: Melrose Industries Plc - Overview
• Exhibit 139: Melrose Industries Plc - Business segments
• Exhibit 140: Melrose Industries Plc - Key offerings
• Exhibit 141: Melrose Industries Plc - Segment focus

• 12.10 Nabtesco Corp 
• Exhibit 142: Nabtesco Corp - Overview
• Exhibit 143: Nabtesco Corp - Business segments
• Exhibit 144: Nabtesco Corp - Key offerings
• Exhibit 145: Nabtesco Corp - Segment focus

• 12.11 Parker Hannifin Corp. 
• Exhibit 146: Parker Hannifin Corp. - Overview
• Exhibit 147: Parker Hannifin Corp. - Business segments
• Exhibit 148: Parker Hannifin Corp. - Key news
• Exhibit 149: Parker Hannifin Corp. - Key offerings
• Exhibit 150: Parker Hannifin Corp. - Segment focus

• 12.12 PTI Technologies Inc. 
• Exhibit 151: PTI Technologies Inc. - Overview
• Exhibit 152: PTI Technologies Inc. - Key offerings

• 12.13 Safran SA 
• Exhibit 153: Safran SA - Overview
• Exhibit 154: Safran SA - Business segments
• Exhibit 155: Safran SA - Key news
• Exhibit 156: Safran SA - Key offerings
• Exhibit 157: Safran SA - Segment focus

• 12.14 Secondo Mona S.p.A. 
• Exhibit 158: Secondo Mona S.p.A. - Overview
• Exhibit 159: Secondo Mona S.p.A. - Product / Service
• Exhibit 160: Secondo Mona S.p.A. - Key offerings

• 12.15 Senior Plc 
• Exhibit 161: Senior Plc - Overview
• Exhibit 162: Senior Plc - Business segments
• Exhibit 163: Senior Plc - Key offerings
• Exhibit 164: Senior Plc - Segment focus

• 12.16 Triumph Group Inc. 
• Exhibit 165: Triumph Group Inc. - Overview
• Exhibit 166: Triumph Group Inc. - Business segments
• Exhibit 167: Triumph Group Inc. - Key offerings
• Exhibit 168: Triumph Group Inc. - Segment focus

• 12.17 Woodward Inc. 
• Exhibit 169: Woodward Inc. - Overview
• Exhibit 170: Woodward Inc. - Business segments
• Exhibit 171: Woodward Inc. - Key news
• Exhibit 172: Woodward Inc. - Key offerings
• Exhibit 173: Woodward Inc. - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 174: Inclusions checklist
• Exhibit 175: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 176: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 177: Research methodology
• Exhibit 178: Validation techniques employed for market sizing
• Exhibit 179: Information sources

• 13.5 List of abbreviations 
• Exhibit 180: List of abbreviations

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