The report “Aircraft Fuel Systems Market by Application (Commercial, Military and UAV), Engine Type (Jet engine, Turboprop engine, Helicopter engine and UAV engine), Component, Technology & Region - Global Forecasts to 2020 ” defines and segments the global aircraft fuel systems market with an analysis and forecast of the market size. The global aircraft fuel systems market is expected to reach USD 9.15 Billion by 2020 from USD 6.52 Billion in 2015, at a CAGR of 7.0% during the forecast period.
Browse 113 tables and 81 figures spread through 175 Pages and in-depth TOC on "Aircraft Fuel Systems Market - Global Forecasts to 2020 "
Early buyers will receive 10% customization on reports.
A number of factors, such as increasing commercial aircraft deliveries, modernization of military aircrafts, and development in the commercial aviation sector are driving the growth of aircraft fuel system market. With oil prices being highly fluctuating, aircraft operators are looking for more fuel-efficient aircrafts. The weight of the aircraft plays a very important role in increasing the fuel efficiency aircrafts. Innovations are being made by the aircraft fuel system manufacturers to develop fuel systems made of lightweight composites to make the aircrafts more fuel-efficient. The increase in the fuel efficiency of the aircrafts has led to decline in operating costs, thus resulting in growth in the aircraft fuel systems market.
The economic slowdown in North America and Europe are forcing the countries in this regions to decrease their defense spending’s, which is one of the restraints for the growth of the aircraft fuel systems market.
In the year 2015, the number of commercial aircraft deliveries is expected to be the highest in Asia-Pacific making it the largest market for aircraft fuel systems, which is anticipated to be followed by North America and Europe. The Middle East being a central hub between Asia-Pacific and North America is expected be the fastest-growing market for aircraft fuel systems followed by Asia-Pacific.
Some of the key players operational in this market include Eaton Corporation Plc (U.S.), Parker Hannifin Corporation (U.S.), Woodward, Inc. (U.S.), Honeywell International, Inc. (U.S.), Triumph Group, Inc. (U.S.), Meggitt PLC (U.K.), United Technologies Corporation (U.S.), GKN PLC (U.K.), and Zodiac Aerospace (France).
MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Email: [email protected]