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The aircraft fuel systems market is estimated to grow at a CAGR of 6.64% between 2022 and 2027. The size of the market is forecast to increase by USD 1,808.81 million. The growth of the market depends on several factors, including the use of a measured quantity of fuel onboard to optimize performance, the need for reducing the weight of aircraft, and the increase in aircraft design innovations.
This report extensively covers market segmentation by technology (fuel injection, pump feed, and gravity feed), application (commercial and military), and geography (North America, Europe, APAC, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report consists of historic market data from 2017 to 2021.
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Technavio categorizes the global aircraft fuel systems market as a part of the global aerospace and defense market within the global capital goods market. The global aerospace and defense market covers products and companies engaged in the production of aerial platforms used under commercial and general aviation, defense platforms used under naval, land, and air domains, arms and ammunition, defense electronics, defense logistics equipment, and space platforms, equipment, and launch vehicles. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.
The use of a measured quantity of fuel onboard to optimize performance is notably driving the market growth, although factors such as the deterioration of fuel tanks due to fungal growth may impede the market growth. Our researchers analyzed the data with 2022 as the base year and the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Aircraft Fuel Systems Market Driver
The use of a measured quantity of fuel onboard to optimize performance is notably driving market growth. To enhance the overall efficiency of aircraft, the amount of fuel carried on board needs to be optimized. An aircraft usually do not take off with its tanks full unless it is operating on a long-haul route. Electrical capacitive sensor systems are used to fill the gap between the plates in the fuel tank, which helps to monitor the fuel level in the fuel tank, thus maximizing the efficiency of the system. With the use of fuel and the gradual decline in the fuel level, resistance changes, and the results are indicated in the cockpit
As the fuel temperature dictates the density, a few advanced systems employ a compensator to modify and project the value depending on the fuel temperature. Thus, it is imperative to calibrate the probes or sensors during maintenance operations to ensure accurate readability. To make this system work error-free, a measured quantity of fuel, with a known temperature and density, is added for calibration through an indicator in the signal conditioning unit. Multiple probes and measuring units are also integrated to maximize the fuel efficiency of aircraft with multiple tanks. The use of such advanced systems and sensors facilitates greater fuel efficiency, which will support the growth of the market during the forecast period.
Significant Aircraft Fuel Systems Market Trend
The continuous improvements in aircraft components are emerging trends in the market. Flight conditions are undergoing rapid changes due to the introduction of new routes because of the increasing traffic at airports globally. These new routes include those that involve a higher altitude as well as those flying over the Arctic region. To attain higher altitudes, aircraft should be able to climb and land swiftly to optimize flight routes. Due to the changes in external environmental conditions within a short span of time, aircraft systems, particularly power generation systems, are vulnerable to failures due to the formation of ice, fire hazards, fuel system failure, and others. Thus, to maintain impeccable safety protocols, several government organizations along with companies operating in the aerospace industry, are working toward developing more reliable and durable components for aircraft systems, including fuel systems.
With the implementation of disruptive technologies, such as the integration of advanced composite components, the evolution of more-electric aircraft models, and the adoption of alternative fuels, it is necessary to ensure the enhancement of safety factors in line with operational efficiency. Companies, both fuel system manufacturers and suppliers of fuel system components, have been directed toward more effective water detection in the fuel tank, analysis of icing phenomena in the fuel system, improved flammability protection in the fuel tank, and an effectual inserting system. Furthermore, these companies are focusing on the elimination of possible ignition risks in the fuel tank. The continuous improvements in aircraft components will enhance the growth of the global market during the forecast period.
Major Aircraft Fuel Systems Market Challenge
The deterioration of fuel tanks due to fungal growth is a major challenge impeding market growth. The presence of fungi species, such as Hormoconis resinae (a fungus that feeds on hydrocarbon molecules in Jet-A) in fuel tanks can severely affect the performance of engine turbines in aircraft. The fungus grows rapidly, particularly in warm tropical temperatures, but turns dormant in colder climatic conditions. However, the fungus becomes active again when the temperature rises.
The waste from the bug has corrosive properties and, thus, reduces the longevity of tanks. The bacteria also feed on the sealant, which causes leaks and other damage, such as the clogging of fuel filters. Clogging, in turn, can cause the fuel quantity indication system to display incorrect values. In such cases, the maintenance personnel will be unaware of the structural corrosion of the aluminum stringers and wing skin until it is too late. However, the fuel can be treated with anti-microbial biostat as per the recommendations of aircraft manufacturers. If organic growth is found, the fungi can be treated with a biocide, followed by frequent checks for bacteria-free drains and filters. A number of manufacturers also recommend regular treatment even if bacterial growth is not indicated. Such factors are expected to decrease the demand for aircraft fuel systems during the forecast period.
Key Aircraft Fuel Systems Market Customer Landscape
The report includes the adoption lifecycle of the market, covering 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.
Global Aircraft Fuel Systems Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Secondo Mona S.p.A. - The company operates under one segment. The company under this segment designs and produces onboard systems and equipment for civil and military aircraft, and fixed and rotary wings. The key offerings of the company include aircraft fuel systems.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, robust, tentative, and weak.
The market share growth by the fuel injection segment will be significant during the forecast period. The fuel injection system is an important component of an aircraft engine, which ensures the proper flow of fuel. The performance of the engine highly depends on the performance and reliability offered by the fuel injection system. The systems not only maintain engine functionality but also improve the economy of fuel usage and reduce carbon emissions.
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The fuel injection segment was valued at USD 3,029.90 million in 2017 and continued to grow until 2021. Injection systems offer advantages, such as less setup time, increased fuel-burning efficiency, smooth running of the engine, reduced fuel consumption, an accurate amount of fuel flow to all cylinders, an increase in mileage of the aircraft, and greater adaptability to alternative fuels. The system measures, supplies, and optimizes fuel consumption, thereby increasing the lifespan of an engine. The key players in the fuel injection systems segment are shifting their focus toward research and development to accommodate the demand for technologically advanced fuel injection systems in the aviation industry. Such factors will appeal to engine manufacturers to invest significantly in the market. Hence, the fuel injection segment will drive the growth of the market during the forecast period.
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North America is estimated to contribute 35% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The aviation industry is matured in North America, particularly due to the robust aviation base in the US. By the end of 2020, about one-third of the global fleet was operational in North America, and the number is expected to increase in the next two decades. Hence, the demand for aircraft fuel systems is higher in North America. Furthermore, the US makes large investments in military aviation as well. The spending in the military aircraft market is fueled by procurement programs such as the Joint Strike Fighter program undertaken by the US. Other major programs include the procurement of a KC-46A aerial refueling tanker and Poseidon P8A aircraft. Hence, all such factors will fuel the market growth during the forecast period. The market in focus is expected to have the highest growth during the forecast period as the region is an aviation hub and home to most of the industry-leading stakeholders. It is also witnessing partnerships and investments that will lead to market growth during the forecast period.
In 2020, the COVID-19 pandemic adversely decreased the demand for aircraft and aircraft fuel systems. However, the lifting of restrictions on air flights or traveling due to mass vaccination drives will drive the growth of the market in North America during the forecast period.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Aircraft Fuel Systems Market Scope |
|
Report Coverage |
Details |
Page number |
170 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.64% |
Market growth 2023-2027 |
USD 1,808.81 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
4.9 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 35% |
Key countries |
US, Canada, China, France, and Germany |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Aloft AeroArchitects, BAE Systems Plc, Bryant Fuel Systems, Collins Aerospace, Crane Aerospace Electronics, Eaton Corp. Plc, General Atomics, General Aviation Modifications Inc., GNY Equipment Inc., Honeywell International Inc., Meggitt Plc, Melrose Industries Plc, Nabtesco Corp, Parker Hannifin Corp., PTI Technologies Inc., Safran SA, Secondo Mona S.p.A., Senior Plc, Triumph Group Inc., and Woodward Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Technology
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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