According to the recent research report titled ‘Aircraft Fuel Systems Market Share, Size, Trends, Industry Analysis Report By Aircraft Type; By Technology Type; By Component Type; By Engine Type; By Regions; Segment Forecast, 2020 – 2026’, available with Market Study Report, global aircraft fuel systems market valuation is expected to reach USD 7.50 billion by the year 2026.
 

Surging demand for lightweight components to improve cost savings & fuel efficiency, rising revenue passenger kilometers (RPK), along increasing commercial and regional airplane production & deliveries are the key factors driving the global aircraft fuel systems market growth.
 

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Notably, aircraft fuel systems offer undisturbed and clean fuel irrespective of the aircraft attitude. The weight of airliner largely depends on the fuel load; therefore, a strong airframe is designed to handle fuel loads and weight shifts. Jet fuel is pumped, managed, and delivered to propulsion system & auxiliary power unit (APU) through this system which has a huge impact on airliner performance as compared to any other airplane system. The functional and implementation features play an important role in certification, design, as well as operational aspect of commercial and military jets. This aspect continues to drives innovations and importance of better products in global aircraft fuel systems industry.
 

Based on airplane type, commercial airliners in global aircraft fuel systems market was the most dominant segment in 2019, on account of rising production rates of commercial airliner models like A330 Neo, B777x, B737 Max, A320 Neo, C919, A350XWB, A320, B787, and B737. Increasing deliveries of commercial jet to support growing passenger traffic backed by increasing per capita income contributes to the segmental growth.
 

Speaking of technology type, worldwide aircraft fuel systems industry from pump feed system held the largest share in 2019, attributable to its extensive utilization in military and commercial jets as these are mid and low-wing airplanes with wing locations below engines.
 

In terms of component type, gauging segment accounted for majority of global aircraft fuel systems market share in 2019. Gauging is an equipment with sensing unit in the tank and an indicator in the dashboard that indicates as well as monitors amount of fuel in a tank.
 

As per engine type, jet engine segment in global aircraft fuel systems market held largest share in 2019 as it powers a wide range of aircrafts ranging from military aircrafts, business jets, regional planes, to commercial planes. Growing production rates of commercial airplane models like Bombardier C, B737, B787, and A320 is further boosting for the segmental growth.
 

From a regional perspective, North America aircraft fuel systems industry will witness modest gains over the forecast duration as the region is the manufacturing capital of aerospace & defense sector. High concentration of raw material suppliers, distributors, fuel system vendors, component manufactures, aircraft OEMs, and presence of the largest airplane feet will continue to favor regional market expansion.
 

Major players in global aircraft fuel systems market are Woodward, Inc., Triumph Group Inc., Safran S.A., Parker Hannifin Corporation, Meggitt plc, Honeywell International, Inc., GKN Aerospace Services Limited, Eaton Corporation, and Collins Aerospace.