Global Aircraft Engine Fuel Systems Market Is Expected To Grow At A CAGR Of 6% By 2023

Pune, India, August 18, 2016 /MRFR Press Release/- Market Research Future published a half cooked research report on the global aircraft engine fuel systems market. The global market for the aircraft engine fuel systems is expected to grow at a significant pace between 2017 and 2023.

Market Highlights

Market Scenario

The aircraft engine fuel systems can be of various types, depending on the type of aircraft. For example, a single engine aircraft is equipped with a different fuel system as compared to a twin engine or multi engine plane. The chief function of the aircraft engine fuel system is its operability as a shut-off valve. In addition, it provides the option to the aircraft pilot, to select the tank that would feed the aircraft engine.

The rapidly growing aircraft deliveries is one of the primary factors driving the global aircraft engine fuel systems market. In addition, the development of lightweight fuel delivery systems has also contributed towards the market growth. Moreover, as the airline companies are focusing on the attainment of increased aircraft efficiencies and reduction of the operational costs, the market for aircraft engine fuel systems is expected to witness a significant growth, during the forecast period. As a result, it is expected that the global aircraft engine fuel systems market would surpass USD XX billion, by 2023, growing at a CAGR of more than 6%, during the forecast period.

Taste the market data and market information presented through more than 40 market data tables and figures spread over 80 numbers of pages on the project report. Avail the in-depth table of content TOC & market synopsis on the “Global Aircraft Engine Fuel Systems Market Research Report - Forecast to 2023”.

Access Report Details @ https://www.marketresearchfuture.com/reports/aircraft-engine-fuel-systems-market-4104

Global Aircraft Engine Fuel Systems Market:

Since, the fuel costs approximately account for 30-40% of the airline’s total operating costs, there has been an increased demand for the next-generation fuel efficient aircraft. Concurrently, the aircraft manufacturers have been incorporating advanced lightweight materials in both the aircraft’s structural and semi-structural components, in order to reduce the aircraft weight, which improves the aircraft fuel efficiency. Furthermore, with the emergence of composite-manufactured fuel systems that make the aircraft more fuel efficient, the market provides immense opportunities for the associated companies. Therefore, it is expected that innovative refueling systems, in the next generation planes, along with the presence of emergency fuel systems would create ample opportunities for the market players to maximize their profits and in turn contribute towards the growth of the global aircraft engine fuel systems market.

Company Analysis:

The key players of the global aircraft engine fuel systems market are Eaton Corporation Plc, Parker Hannifin Corporation, United Technologies Corporation, Triumph Group, Woodward, Inc., GKN Plc, Honeywell International, Inc., Zodiac Aerospace, and Meggitt Plc. In 2016, these players accounted for XX% share of the global market.

Market Research Analysis:

North America is expected to dominate the aircraft engine fuel systems market by 2023, primarily due to the presence of the established firms in the US. Moreover, since the region is a major hub of the aerospace industry, it directly contributes to the growth of the market in the region.

It is expected that by 2023, the Asia-Pacific region would attain the fastest growth in the market, largely due to the rapidly rising commercial aircraft fleets in the region. Moreover, the high military expenses by countries like India and China, have also resulted in the market growth for the region.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:

Akash Anand,

Market Research Future

Office No. 524/528, Amanora Chambers

Magarpatta Road, Hadapsar

Pune - 411028

Maharashtra, India

+1 646 845 9312

Email: akash.anand@marketresearchfuture.com