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Aircraft Fuel Systems Market Share

Report ID: GMI9536
Published Date: May 2024
Report Format: PDF

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Aircraft Fuel Systems Market Share

Eaton Corporation plc. and Parker Hannifin Corp. hold a significant share of over 5% in the market. Eaton Corporation plc holds a major share in the aircraft fuel systems industry due to its extensive range of innovative and reliable fuel system components, global presence, strong R&D capabilities, and long-standing relationships with major aerospace manufacturers. Eaton's commitment to quality, safety, and environmental compliance further reinforces its leadership position, making it a preferred supplier for commercial, military, and private aircraft sectors.

Parker Hannifin Corp. commands a major share in the market due to its comprehensive portfolio of advanced, high-quality fuel system components and solutions tailored for aerospace applications. Their strong focus on innovation, consistent reliability, and global manufacturing and service network provide significant value to customers. Additionally, their expertise in fluid management and motion and control technologies enhances their market position.

Aircraft Fuel Systems Market Companies

Major players operating in the aircraft fuel systems industry are:

Eaton Corporation plc
Parker Hannifin Corp.
Collins Aerospace (Raytheon Technologies Corporation)
Eaton Corporation plc
Safran SA
Woodward Inc.
Triumph Group, Inc.

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Market size for aircraft fuel systems was USD 10.2 billion in 2023 and is expected to register over 5% CAGR from 2024-2032 owing to the growing focus on military modernization worldwide.

Aircraft fuel systems industry from the jet engine segment held over 30% share in 2023 and is expected to register appreciable CAGR from 2024-2032 due to global rise in air travel, particularly in emerging markets, leading to demand for commercial aircraft equipped with jet engines.

Asia Pacific industry is expected to record 7.5% CAGR from 2024-2032 due to increasing air travel demand among its growing middle class along with rising economic development in the region.

Eaton Corporation plc, Parker Hannifin Corp., Collins Aerospace (Raytheon Technologies Corporation), Eaton Corporation plc, Safran SA, Woodward Inc., and Triumph Group, Inc., are some of the major aircraft fuel systems companies worldwide.