Aircraft Fuel Tanks Market
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The aircraft fuel tanks market is projected to grow at a CAGR 1.57% rate during the forecast period. The growing demand for aircraft across various aviation platforms is a major factor driving the growth of the market. New aircraft programs for military and business aircraft also contribute to the market’s growth.
By platform, the commercial aviation segment is expected to be a larger contributor to the market during the forecast period. Commercial aviation has been witnessing strong growth over the past few years. One of the major factors driving this growth is the increased demand for aircraft. The growing aircraft fleet must go through regular and mandatory maintenance services. The internal tanks present in commercial aviation aircraft are an important part of the aerostructure requiring frequent checks and repairs. These maintenance requirements are expected to drive the market for commercial aviation fuel tanks
North America is expected to be the largest market for aircraft fuel tanks during the forecast period. The demand for aircraft is continuously increasing, due to which aircraft manufacturers are expanding their product line, thus creating a significant requirement for aircraft fuel tanks. Therefore, increasing aircraft orders offer a significant advantage for the market. Moreover, there is a growing trend to upgrade existing/older aircraft in the aircraft industry. This, along with the high military expenditure of the US, is expected to drive the market in the North American region.
Key Market Players
Some of the major vendors in the market include Meggitt PLC (UK), Cobham plc (UK), Safran S.A. (France), GKN Aerospace (UK), Robertson Fuel Systems LLC (US), Aero Tec Laboratories, Inc. (US), Elbit Systems – Cyclone Ltd. (Israel), General Dynamics Corporation (UK), and Marshall Aerospace and Defence Group (UK). These vendors provide crash-resistant fuel tanks, bladder tanks, and auxiliary internal and external fuel tanks, among others, for aircraft such as fixed-wing, rotorcraft, and UAVs across both commercial and military platforms.
Key Questions Addressed by the Report
- What will be the revenue pockets for the manufacturers of aircraft fuel tanks in the next five years?
- Who are the leading manufacturers of aircraft fuel tanks in the global market?
- What are the growth prospects for the aircraft fuel tanks market?
- What are the major challenges faced by players in the market?
- What are the latest technological trends in the market?
- Market Definition
- Study Scope
- Study Period
- Research Methodology
- Secondary Research
- Primary Research
- Research Design
- Data Validation
- Limitations and Assumptions
- Executive Overview
- Market Overview
- Aircraft Fuel Tanks Market, By Type
- Aircraft Fuel Tanks Market, By End Use
- Aircraft Fuel Tanks Market, By Platform
- Commercial Aircraft
- Military Aviation
- Aircraft Fuel Tanks Market, By Region
- North America
- Rest of Europe
- Asia Pacific
- Rest of APAC
- Rest of the World
- Latin America
- Middle East
- North America
- Company Profiles
- Aero Tec Laboratories Inc (ATL)
- Robertson Fuel Systems LLC
- Cobham PLC
- Meggit PLC
- GKN Aerospace
- General Dynamics Corporation
- Elbit Systems – Cyclone Ltd.
- Safran S.A.
- Marshall Aerospace and Defence Group
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