Aircraft Fuel Tanks Market

Meggitt PLC (UK) and Cobham plc (UK) are Major Players in the Aircraft Fuel Tanks Market

The aircraft fuel tanks market is projected to grow from USD 869 million in 2019 to USD 954 million by 2025, at a CAGR of 1.6% during the forecast period. The major factors driving the market include increasing aircraft orders and new aircraft programs.

Some of the major players in the aircraft fuel tanks market include Meggitt PLC (UK), Cobham plc (UK), Safran S.A. (France), GKN Aerospace (UK), Robertson Fuel Systems LLC (US), Aero Tec Laboratories, Inc. (US), Elbit Systems – Cyclone Ltd. (Israel), General Dynamics Corporation (UK), and Marshall Aerospace and Defence Group (UK). These players have adopted growth strategies such as contracts, agreements, mergers & acquisitions, and expansions to further expand their presence in the global aircraft fuel tanks market. Contract was the leading strategy adopted by the major players from 2018 to 2019.

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Meggitt PLC (UK) is one of the major players in the aircraft fuel tanks market. The company offers fuel bladders, auxiliary fuel systems, self-sealing fuel bladders, and crash-resistant bladders, among others. Meggit PLC operates across 16 countries in 5 continents. The company has a leading position in the US market, with every military aircraft in the country using a fuel tank manufactured by Meggitt.

Another major player in the aircraft fuel tanks market is Cobham plc (UK). The company has proven its capabilities for aircraft fuel tanks by supplying over 40,000 fuel tanks for different military aircraft models, such as F-5, F-15, and F-16, as well as double-walled internal tanks for commercial aircraft. Cobham has a global network, with major fuel tank contracts coming from the US Air Force.

Safran S.A. (France) is a major player for aircraft fuel tanks in the helicopter platform. In 2018, Safran merged with Zodiac Aerospace, which enabled the two to combine their abilities in structures and composites to provide crash-resistant fuel tanks for the helicopter platform. Safran has also been witnessing high growth in revenue since 2016.

Robertson Fuel Systems LLC (US) and Aero Tec Laboratories, Inc. (US) are private players with broad product portfolios ranging from various rotorcraft and fixed-wing aircraft to UAVs.

Related Reports:

Aircraft Fuel Tanks Market by Type (External, Internal), End Use (Aftermarket, OEM), Platform (Commercial Aviation, Military Aviation), Material (Carbon-Based Composites, Metallic Alloys, Hybrid, Polymers), and Region - Global Forecast to 2025

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Report Code
AS 7349
RI Published ON
9/9/2019
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