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Technavio’s market research analyst predicts the global commercial aircraft fuel nozzle market to grow at a CAGR of nearly 3% by 2020. Factors such as the recent increase in aircraft orders, backlogs, and increasing delivery of commercial aircraft will result in the development and procurement of fuel nozzles that will foster efficiency in aircraft. This increase in the preference for fuel-efficient commercial aircraft will result in the augmented adoption of fuel nozzles during the forecast period.
The rising demand for new-generation aircraft with improved safety standards is expected to fuel the prospects for market growth over the next four years. In 2014, around 17,354 aircraft were operational on a global scale, and the number is expected to increase to 31,781 aircraft by 2034. Also, with the introduction of next-generation engines, aircraft manufacturers have been compelled to focus on fuel efficiency with less carbon dioxide emissions. This change in the vendors’ preference will foster the demand for fuel nozzles during the predicted period.
In this market research, analysts have estimated the Americas to be the largest market for commercial aircraft fuel nozzles during the forecast period. The analysts at Technavio have estimated the Americas’ airline industry to be the most profitable in the global aviation scenario. Growing investments towards the development of advanced fuel nozzles that enhance the flight’s overall safety will aid in the growth of this market during the predicted period.
The global market for commercial aircraft fuel nozzles is highly competitive as the vendors compete on the basis of cost, product quality, reliability, and aftermarket service. In this market, the vendors that have the capability to offer cost-effective and high-quality fuel nozzles with latest technology and materials will gain a competitive edge over their rivals.
Leading vendors in the market are -
Other prominent vendors in the market include CAVOTEC, ELAFLEX, GKN Aerospace, GE Aviation, and Saab.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Global aerospace and defense supply chain system
PART 07: Global aerospace and defense value chain system
PART 08: Geographical segmentation
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Appendix
PART 16: Explore Technavio
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