Aircraft Fuel Tanks - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Aircraft Fuel Tanks Market is accounted for $886.39 million in 2019 and is expected to reach $1,176.26 million by 2027 growing at a CAGR of 3.6% during the forecast period. Introduction of new aircraft programs, rising production rates of aircraft, especially in the commercial sector, and increasing passenger traffic are some of the factors propelling the growth of the market. However, the lack of skilled labour and high cost of manufacturing setup is hampering the growth of the market.
An aircraft fuel tank is a safe container for storage of fuel/flammable fluids. Aircraft fuel tanks enable fuel to be stored, loaded, managed, and distributed to the aircraft propulsion system of an aircraft. Aircraft fuel tanks range in size and complexity from the small plastic tank of a butane lighter to the multi-chambered.
Based on the platform, the military aviation segment is anticipated to hold considerable market share during the forecast period due to the modernization of existing military aircraft with advanced systems and the increasing demand for fighter jets globally. By geography, North America is expected to grow at a significant market share during the forecast period owing to the increasing aircraft orders and high military expenditure of the US.
Some of the key players profiled in the Aircraft Fuel Tanks Market include Aero Tec Laboratories Inc. (US), Cobham plc (UK), Elbit Systems Ltd. (Israel), General Dynamics Corporation (US), GKN Aerospace (UK), Marshall Aerospace and Defense Group (UK), Meggitt PLC (UK), Northstar (US), Robertson Fuel Systems LLC (US), Safran SA (France), Fuel Systems LLC, Applied Aerospace Structures Corporation, Avcorp Industries Inc., Integral Aerospace LLC, Prentex Alloy Fabricators Inc., Zodiac Aerospace, Kautex Textron GmbH & Co. KG, Magam Safety Ltd., Collins Aerospace, and Vinyl Technology Inc.
• Metallic Alloys
• Carbon-Based Composites
• More than 70 L
• 51 L to 70 L
• 30 L to 50 L
• <30 L
• Commercial Aviation
• Military Aviation
• Private Jet
End Users Covered:
• Original Equipment Manufacturer (OEM)
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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o Comprehensive profiling of additional market players (up to 3)
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o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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