Global Aircraft Engine Fuel Systems Market Scope

The aircraft engine fuel systems market is expected to show exemplary growth during the forecast period. Upgrades in engine fuel systems for handling huge trips and being resistant to lightning strikes are factors predicted to drive market growth. Moreover, the rise in international travel and the large volume of passengers have led to airline carriers calling for efficient fuel systems. This has led to the assimilation of lightweight aircraft and lighter weight components. Innovation in fueling systems can create a plethora of opportunities for the global market. The Aircraft Engine Fuel Systems Market is projected to reach USD 9.14 billion by 2032, growing at a CAGR of 7% from 2024 to 2032.

Segmentation

Based on engine type, the market has been segmented into UAV engine, jet engine, helicopter engine, and turboprop. The jet engine market segment dominated the market in 2018 and is expected to witness the highest CAGR during the forecast period. Increasing air passenger traffic and the growing demand for new aircraft are driving the segment growth.

Based on components, the market has been segregated into gauges, inserting systems, piping, filters, valves, pumps, and fuel control monitoring systems. The piping segment accounted for the largest market share in 2018 and is expected to grow at the highest CAGR from 2019 to 2025. On the flip side, valves can command a Aircraft Engine Fuel Systems Market share owing to the need to shut off flight engines individually.

Based on applications, the market has been divided into commercial, military, and UAV. The commercial segment dominated the market in 2018 and is expected to grow at a strong CAGR during the forecast period. Increasing procurement orders of aircraft from carriers operating in APAC and the Middle East to cater to the growing air passengers can drive the segment growth.

Based on technology, the market is segmented into gravity feed, pump feed, and fuel injection. The fuel injection segment accounted for the largest market share in 2018 and is expected to grow at the highest CAGR during the assessment period. Fuel injection technology offers benefits such as higher engine efficiency and low fuel consumption. The production of high-wing aircraft can support the segment growth.

Competitive Outlook

Triumph Group, Inc., Crane Co., Parker Hannifin Corporation, Meggitt PLC, United Technologies Corporation, Honeywell International Inc., Eaton, Safran SA, Woodward, Inc., and GKN PLC are key players of the global aircraft engine fuel systems market.

Regional Analysis

Based on the region, the market has been segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and Latin America.

North America is estimated to acquire the largest market share in 2018. Investments in fuel-efficient technology and the expansion of the aerospace sector can ensure a steady market growth in the region. However, APAC is expected to grow at the highest CAGR during the forecast period. Factors such as the growing demand for new aircraft to cater to air passenger traffic and investments in airline companies in countries of China and India can drive the global aircraft engine fuel systems market.

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