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Aircraft Fuel Systems Market Trends

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

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Aircraft Fuel Systems Market Trends

The trend toward lightweight construction materials continues to influence fuel system design. Materials such as advanced composites and titanium are increasingly used in the production of fuel tanks and system components to reduce the overall aircraft weight, thereby improving fuel efficiency and payload capacity. Moreover, the expanding use of UAVs for commercial & military applications is driving the development of specialized fuel systems tailored to these platforms. UAVs require highly efficient and lightweight fuel systems to maximize their range and endurance, thereby pushing innovations in this segment of the market.

The exploration and adoption of alternative fuels, such as biofuels and eventually hydrogen, are influencing fuel system designs. Systems must be compatible with different types of fuels that may have varying chemical properties and storage requirements. This trend is driving R&D in fuel system materials and components that can handle alternative fuels without degradation.

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.