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Global Aircraft Turbine Fuel System Market Forecast to 2028 - COVID-19 Impact and Analysis

·7-min read

Dublin, July 01, 2021 (GLOBE NEWSWIRE) -- The "Aircraft Turbine Fuel System Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Type [Hydromechanical, Full Authority Digital Engine Control, and Hydromechanical/Electronics] and Application" report has been added to ResearchAndMarkets.com's offering.

The global aircraft turbine fuel system market was valued at US$ 2,087.63 million in 2020 and is projected to reach US$ 3,303.73 million by 2028; it is expected to grow at a CAGR of 5.91% during 2020-2028.

The aircraft turbine fuel system is one of the crucial systems in aircraft. The aircraft turbine fuel system manages the flow of fuel for optimum performance of the aircraft during various stages of flight, such as rapid maneuvering, changes in altitude, and sudden acceleration or deceleration. Initially, the aircraft turbine fuel system was operated manually by the flight operators; however, with the advancement in technology, self-calibrating aircraft turbine fuel systems, such as Full Authority Digital Engine Control (FADEC), were introduced in the market.

The aircraft turbine fuel system market is experiencing significant growth owing to the increasing year-on-year government budgets for national security. Governments across the world are significantly investing in the procurement of advanced state-of-the-art commercial as well as military aircraft fleet. To cater the dynamic challenges of the defense industry, market players are investing in the development of robust and innovative systems. Additionally, growing commercial aviation industry owing to rise in disposable income among middle class population coupled with the growing MRO operation across the world is bolstering the aircraft production rate, which is propelling the demand for aircraft turbine fuel system market globally.

Impact of COVID-19 Pandemic on Aircraft Turbine Fuel System Market

Amid COVID-19 outbreak pandemic, the entire commercial aviation industry came to a halt with minimal resources to foresee the future. Several production units in the US, France, Russia, and China were temporarily paused to adhere to the government rules regarding the lockdown and physical distancing. The aircraft manufacturers witnessed 30%-50% reduction in demand for most of the aircraft models, especially, commercial aircraft models. The lower aircraft production and assembly declined the demand for aircraft turbine fuel system, resulting in lower revenue generation. This factor restrained the growth of the aircraft turbine fuel system market.

Reasons to Buy

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global aircraft turbine fuel system market.

  • Highlights key business priorities in order to assist companies to realign their business strategies

  • The key findings and recommendations highlight crucial progressive industry trends in the global aircraft turbine fuel system market, thereby allowing players across the value chain to develop effective long-term strategies

  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.

  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

Key Topics Covered:

1. Introduction

2. Key Takeaways

3. Research Methodology

4. Aircraft Turbine Fuel System Market Landscape
4.1 Market Overview
4.1 Porter's Five Forces Analysis
4.2 Ecosystem Analysis

5. Aircraft Turbine Fuel System - Market Dynamics
5.1 Market Drivers
5.1.1 Surging Aircraft Manufacturing
5.1.2 Growing Aircraft MRO Operation
5.2 Market Restraints
5.2.1 Fall of B737 Max and Discontinuation of A380 Program
5.3 Market Opportunities
5.3.1 Bolstering Aviation Industry in China
5.4 Future Trends
5.4.1 Increasing Emphasis on Use of Lightweight Materials
5.5 Impact Analysis of Drivers and Restraints

6. Aircraft Turbine Fuel System Market - Global Market Analysis
6.1 Global Aircraft Turbine Fuel System Market Overview
6.2 Global Aircraft Turbine Fuel System Market Revenue Forecast and Analysis
6.3 Market Positioning - Five Key Players

7. Aircraft Turbine Fuel System Market Revenue and Forecast To 2028 - Type
7.1 Overview
7.2 Aircraft Turbine Fuel System Market, By Type (2020 & 2028)
7.3 Hydromechanical
7.3.1 Overview
7.3.2 Hydromechanical: Aircraft Turbine Fuel System Market Revenue and Forecast to 2028 (US$ Million)
7.4 Full Authority Digital Engine Control (FADEC)
7.4.1 Overview
7.4.2 Full Authority Digital Engine Control (FADEC): Aircraft Turbine Fuel System Market Revenue and Forecast to 2028 (US$ Million)
7.5 Hydromechanical/Electronics
7.5.1 Overview
7.5.2 Hydromechanical/Electronics: Aircraft Turbine Fuel System Market Revenue and Forecast to 2028 (US$ Million)

8. Aircraft Turbine Fuel System Market Analysis and Forecast To 2028 - Aircraft Type
8.1 Overview
8.2 Aircraft Turbine Fuel System Market, By Aircraft Type (2020 & 2028)
8.3 Commercial Aircraft
8.3.1 Overview
8.3.2 Commercial Aircraft: Aircraft Turbine Fuel System Market Revenue and Forecast to 2028 (US$ Million)
8.4 Military Aircraft
8.4.1 Overview
8.4.2 Military Aircraft: Aircraft Turbine Fuel System Market Revenue and Forecast to 2028 (US$ Million)
8.5 General Aviation Aircraft
8.5.1 Overview
8.5.2 General Aviation Aircraft: Aircraft Turbine Fuel System Market Revenue and Forecast to 2028 (US$ Million)

9. Aircraft Turbine Fuel System Market - Geographic Analysis

10. Aircraft Turbine Fuel System Market - COVID-19 Impact Analysis
10.1 Overview
10.1.1 North America: Impact Assessment of COVID-19 Pandemic
10.1.2 Europe: Impact Assessment of COVID-19 Pandemic
10.1.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
10.1.4 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
10.1.5 South America: Impact Assessment of COVID-19 Pandemic

11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development

12. Company Profiles
12.1 Collins Aerospace
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Eaton Corporation plc
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Honeywell International Inc.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Jihostroj a.s.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Mascott Equipment Co.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Parker-Hannifin Corporation
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Safran
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Silver Atena GmbH
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Triumph Group, Inc.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Woodward, Inc.
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments

13. Appendix

For more information about this report visit https://www.researchandmarkets.com/r/klrs8m

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