Aircraft Fuel Systems Market Size Worth USD 14.95 Billion in 2028

1. Aircraft Fuel Systems Market Size Worth USD 14.95 Billion in 2028 www.emergenresearch.com Increasing investment in lightweight aircraft fuel systems is a key factor driving global market revenue growth

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5. Market Summary The global aircraft fuel systems market size is expected to reach USD 14.95 Billion at a revenue CAGR of 6.3% in 2028, according to latest analysis by Emergen Research. Steady revenue growth of the global aircraft fuel systems market can be attributed to increasing demand for increasing fuel-efficiency of aircraft. Aircraft companies are investing effort and investments in design and development of lightweight aircraft fuel systems following the green aviation concept. Aircraft emissions are responsible for global warming and increasing air pollution levels have prompted aircraft manufacturing firms to focus on reduction of greenhouse gas emissions by decreasing fuel system weight and improving fuel efficiency. Aircraft fuel systems market revenue growth is fueled by increasing defense budget resulting in purchase of new fighter as well as transport and passenger aircraft. As per estimates, military & defense expenditure worldwide was more than USD 1980.0 billion in 2020, which was approximately 2.6% over expenses made in 2019. Increasing use of Unmanned Aerial Vehicles (UAVs) and development of stealthier, cutting-edge fixed-wing aircraft for military applications to improve aerial combat capabilities is expected to drive market revenue growth over the forecast period. Fighter aircraft provide close air support to defend land troops and also deter air strike threats by enemy aircraft; whereas in navies, such aircraft are used for detecting and neutralizing submarines and warships. www.emergenresearch.com

6. Market Summary • Some Key Highlights From the Report • In October 2020, Honeywell International made an announcement about completion of acquisition of Ballard Unmanned Systems’ assets. Ballard Unmanned Systems is engaged in design and manufacture of proton exchange membrane fuel cell systems for powering UAVs, especially used for cargo delivery, energy inspection, and various other defense and commercial applications. • By engine type, jet engine segment contributed largest revenue share to the global market in 2020. A primary advantage of a jet engine in comparison to a piston engine is the enhanced ability of a jet engine to generate greater thrust at high speed and altitude. Various other benefits of a jet engine, include jet engines are much lighter and smaller for a specified amount of power, these engines are much simpler than large piston engines, have enhanced reliability and ruggedness, better capability to burn less refined and cheaper fuels, non-requirement of toxic and cost-prohibitive avgas, more fuel-efficient than larger engines, production of lesser vibration, and very low-requirement for lubrication, and bleed air can be used for HVAC applications, resulting in more cost savings associated with need for extra equipment. • Request Free Sample Copy@https://www.emergenresearch.com/request-sample/856 www.emergenresearch.com

7. Market Summary • Emergen Research has segmented the global aircraft fuel systems market on the basis of engine type, technology, component, application, and region: • Engine Type Outlook (Revenue, USD Billion; 2018–2028) • Jet Engine • Turboprop Engine • Helicopter Engine • UAV Engine • Technology Outlook (Revenue, USD Billion; 2018–2028) • Pump Feed • Fuel Injection • Gravity Feed • Read More@https://www.emergenresearch.com/request-for-customization/856

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