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North America Aircraft Turbine Fuel System Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type [Hydromechanical, Full Authority Digital Engine Control (FADEC), and Hydromechanical/Electronics] and Aircraft Type (Commercial Aircraft, Military Aircraft, and General Aviation Aircraft)

Code: TIPRE00023586 | Pages: 103 | Industry: Aerospace and Defense | Date: Jul 2021
Covid

Market Introduction

North America is the largest aerospace market in the world owing to the presence of various military and commercial aircraft manufactures and MRO service providers. Due to the positive outlook toward the adoption of new technologies coupled with the presence of skilled workforce, favourable economic policies, and high GDP per capita, the North American aerospace industry has flourished. Some of the leading aircraft manufacturer operating in the region include Northrop Grumman, Gulfstream Aerospace, Boing, Textron, Bombardier, and Lockheed Martin. These aircraft OEMs have their various manufacturing facilities in this region and each manufacturing facility produces noteworthy volumes of aircraft models. This factor is driving the growth of the aircraft turbine fuel system market and is also projected to offer growth opportunities for the aircraft turbine fuel system market players.

The US is the worst-hit country in North America by the COVID-19 pandemic. Surge in the number of cases has led several North American governments to impose lockdown in Q2 and Q3 of 2020. Most of the manufacturing plants were temporarily shut or were operating with minimum staff. Moreover, the aircraft OEMs as well as aircraft components and associated product manufacturers witnessed disruptions in supply chains. The US has a larger density of aircraft manufacturers as well as aircraft-associated technology and system manufacturers, followed by Canada and Mexico. The outbreak has severely affected the production operations of these stakeholders. The lower number of manufacturing staff has resulted in lesser production quantity. From the aircraft OEM’s perspective, Boeing, the aviation giant in the region, has witnessed a significant fall in orders and production, which is one of the key factors restraining the aircraft turbine fuel system market. Apart from Boeing, several other aircraft OEMs such as Bombardier, Textron, and Gulfstream also reported under-performance in terms of order inflow and production capacities. Further, the region has higher numbers of aircraft turbine fuel system market players. The restrictions on workforce, disruption in supply chain, and limited volumes of orders have affected the aircraft turbine fuel system market growth in the region.    




Market Overview and Dynamics

The aircraft turbine fuel system market in North America is expected to grow from US$ 739.94 million in 2021 to US$ 1,144.95 million by 2028; it is estimated to grow at a CAGR of 6.4% from 2021 to 2028. The North America aviation industry players are emphasizing on manufacturing, integration, or mounting of lightweight materials on aircraft. The aviation authorities, aircraft manufacturers, aircraft component manufacturers, MRO service providers, and military forces are seeking lightweight materials for each component to extend the flying range of the aircraft and increase fuel efficiency. As the aircraft turbine fuel system is considered critical components of any aircraft, the demand for lightweight aircraft turbine fuel system is increasing. This factor encourages aircraft turbine fuel system manufacturers to design and develop the lightest possible aircraft turbine fuel system for the modern aircraft fleet. For instance, AeroComposites (AGC) and Technical Fibre Products Ltd (TFP) announced a new lightweight composite solution for aircraft fuel systems. The duo (AeroComposites and Technical Fibre Products Ltd), under joint a development program, has developed electrostatic and lightning compatible composite pipes, which have application in aircraft fuel systems. Newly developed pipes reduce weight up to 200 kg per aircraft. Thus, the development of such lightweight component for aircraft turbine fuel system is anticipated to generate ample growth opportunities for aircraft turbine fuel system market players.   

Key Market Segments

The North America aircraft turbine fuel system market is segmented into type and aircraft type. Based on type, the aircraft turbine fuel system market is segmented into hydromechanical, full authority digital engine control (FADEC), and hydromechanical/electronics. The full authority digital engine control (FADEC) segment held the largest share in 2020 based on type. Based on aircraft type, the North America aircraft turbine fuel system market is segmented as commercial aircraft, military aircraft, and general aviation aircraft. The commercial aircraft segment held the largest share in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the aircraft turbine fuel system market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Collins Aerospace; Eaton Corporation plc; Honeywell International Inc.; Mascott Equipment Co.; Parker-Hannifin Corporation; Safran; Triumph Group, Inc.; and Woodward, Inc.

Reasons to buy report

  • To understand the North America aircraft turbine fuel system market landscape and identify market segments that are most likely to guarantee a strong return.
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for North America aircraft turbine fuel system market.
  • Efficiently plan M&A and partnership deals in North America aircraft turbine fuel system market by identifying market segments with the most promising probable sales.
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America aircraft turbine fuel system market.
  • Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.

North America Aircraft Turbine Fuel System Market Segmentation

North America Aircraft Turbine Fuel System Market - By Type

  • Hydromechanical
  • Full Authority Digital Engine Control (FADEC)
  • Hydromechanical/Electronics

North America Aircraft Turbine Fuel System Market - By Aircraft Type

  • Commercial Aircraft
  • Military Aircraft
  • General Aviation Aircraft

North America Aircraft Turbine Fuel System Market - By Country

  • US
  • Canada
  • Mexico

North America Aircraft Turbine Fuel System Market - Company Profiles

  • Collins Aerospace
  • Eaton Corporation plc
  • Honeywell International Inc.
  • Mascott Equipment Co.
  • Parker-Hannifin Corporation
  • Safran
  • Triumph Group, Inc.
  • Woodward, Inc.
 

TABLE OF CONTENTS

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

2.           Key Takeaways

3.           Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           North America Aircraft Turbine Fuel System Market Landscape

4.1         Market Overview

4.2         Porter’s Five Forces Analysis

4.3         Ecosystem Analysis

5.           North America Aircraft Turbine Fuel System – Market Dynamics

5.1         Market Drivers

5.1.1        Rising Aircraft Manufacturing

5.1.2        Surging Aircraft MRO Operation

5.2         Market Restraints

5.2.1        Decline of B737 Max and Stoppage of A380 Program

5.3         Future Trends

5.3.1        Use of Lightweight Materials Rising

5.4         Impact Analysis of Drivers and Restraints

6.           Aircraft Turbine Fuel System Market – North America Market Analysis

6.1         North America Aircraft Turbine Fuel System Market Overview

6.2         North America Aircraft Turbine Fuel System Market Revenue Forecast and Analysis

7.           North America Aircraft Turbine Fuel System Market Revenue and Forecast to 2028 – Type

7.1         Overview

7.2         North America 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.           North America Aircraft Turbine Fuel System Market Analysis and Forecast to 2028 – Aircraft Type

8.1         Overview

8.2         North America 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.           North America Aircraft Turbine Fuel System Market – Country Analysis

9.1         Overview

9.1.1        North America: Aircraft Turbine Fuel System Market, by Key Country

9.1.2        US: Aircraft Turbine Fuel System Market – Revenue and Forecast to 2028 (US$ Million)

9.1.2.1          US: Aircraft Turbine Fuel System Market, by Type

9.1.2.2          US: Aircraft Turbine Fuel System Market, by Aircraft Type

9.1.3        Canada: Aircraft Turbine Fuel System Market – Revenue and Forecast to 2028 (US$ Million)

9.1.3.1          Canada: Aircraft Turbine Fuel System Market, by Type

9.1.3.2          Canada: Aircraft Turbine Fuel System Market, by Aircraft Type

9.1.4        Mexico: Aircraft Turbine Fuel System Market – Revenue and Forecast to 2028 (US$ Million)

9.1.4.1          Mexico: Aircraft Turbine Fuel System Market, by Type

9.1.4.2          Mexico: Aircraft Turbine Fuel System Market, by Aircraft Type

10.        North America Aircraft Turbine Fuel System Market - COVID-19 Impact Analysis

10.1      North 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      Mascott Equipment Co.

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      Parker-Hannifin Corporation

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      Safran

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      Triumph Group, Inc.

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      Woodward, Inc.

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

13.        Appendix

13.1      About The Insight Partners

13.2      Word Index

LIST OF TABLES

Table 1.             North America Aircraft Turbine Fuel System Market Revenue and Forecast to 2028 (US$ Million)

Table 2.             North America: Aircraft Turbine Fuel System Market, by Country – Revenue and Forecast to 2028 (US$ Million)

Table 3.             US: Aircraft Turbine Fuel System Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 4.             US: Aircraft Turbine Fuel System Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Million)

Table 5.             Canada: Aircraft Turbine Fuel System Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 6.             Canada: Aircraft Turbine Fuel System Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Million)

Table 7.             Mexico: Aircraft Turbine Fuel System Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 8.             Mexico: Aircraft Turbine Fuel System Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Million)

Table 9.             List of Abbreviation

LIST OF FIGURES

Figure 1.           North America Aircraft Turbine Fuel System Market Segmentation

Figure 2.           North America Aircraft Turbine Fuel System Market Segmentation – By Country

Figure 3.           North America Aircraft Turbine Fuel System Market Overview

Figure 4.           North America Aircraft Turbine Fuel System Market, by Type

Figure 5.           North America Aircraft Turbine Fuel System Market, by Aircraft Type

Figure 6.           North America Aircraft Turbine Fuel System Market, By Country

Figure 7.           North America Aircraft Turbine Fuel System Market - Porter’s Five Forces Analysis

Figure 8.           North America Aircraft Turbine Fuel System Market: Ecosystem Analysis

Figure 9.           North America Aircraft Turbine Fuel System Market Impact Analysis of Drivers and Restraints

Figure 10.        North America Aircraft Turbine Fuel System Market Revenue Forecast and Analysis (US$ Million)

Figure 11.        North America Aircraft Turbine Fuel System Market, by Type (2020 & 2028)

Figure 12.        North America Hydromechanical: Aircraft Turbine Fuel System Market Revenue and Forecast to 2028 (US$ Million)

Figure 13.        North America Full Authority Digital Engine Control (FADEC): Aircraft Turbine Fuel System Market Revenue and Forecast to 2028 (US$ Million)

Figure 14.        North America Hydromechanical/Electronics: Aircraft Turbine Fuel System Market Revenue and Forecast to 2028 (US$ Million)

Figure 15.        North America Aircraft Turbine Fuel System Market, By Aircraft Type (2020 & 2028)

Figure 16.        North America Commercial Aircraft: Aircraft Turbine Fuel System Market Revenue and Forecast to 2028 (US$ Million)

Figure 17.        North America Military Aircraft: Aircraft Turbine Fuel System Market Revenue and Forecast to 2028 (US$ Million)

Figure 18.        North America General Aviation Aircraft: Aircraft Turbine Fuel System Market Revenue and Forecast to 2028 (US$ Million)

Figure 19.        North America: Aircraft Turbine Fuel System Market, by Key Country – Revenue 2020 (US$ Million)

Figure 20.        North America: Aircraft Turbine Fuel System Market Revenue Share, by Key Country (2020 & 2028)

Figure 21.        US: Aircraft Turbine Fuel System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 22.        Canada: Aircraft Turbine Fuel System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 23.        Mexico: Aircraft Turbine Fuel System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24.        Impact of COVID-19 Pandemic in North America Country Markets

  1. Collins Aerospace
  2. Eaton Corporation plc
  3. Honeywell International Inc.
  4. Mascott Equipment Co.
  5. Parker-Hannifin Corporation
  6. Safran
  7. Triumph Group, Inc.
  8. Woodward, Inc.
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America 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 North America 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 North America market trends and outlook coupled with the factors driving the aircraft turbine fuel system 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.

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