South 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: TIPRE00023581 | Pages: 86 | Industry: Aerospace and Defense | Date: Jul 2021 | Type: Regional

Market Introduction

The SAM aircraft turbine fuel system market is segment into Brazil and rest of SAM. The rest of the SAM countries include Argentina, Peru, Ecuador, Uruguay, and Venezuela. The region is currently facing economic and political instability, which is hampering the country’s economic growth. Despite such uncertainty, growing middle class population in the region is positively affecting the growth of the aviation industry. Further, the demand for aircraft in this region is expected to increase in near future, owing to the development of the airport infrastructure, improvement in air transportation network, and high share of low-cost transportation in domestic routes along with active operation of large aviation holding companies & national airlines. The aforementioned factors are expected to propel the growth of the aircraft turbine fuel system market in this region. Despite several challenges, defense industry is expected to support the growth of the aircraft turbine fuel system market in this region in future. In terms of military expenditure, Brazil led the region in 2020 with US$ 19.73 billion spending, followed by Colombia, Chile, and Argentina with the spending of US$ 9.21 billion, US$ 4.60 billion, and US$ 2.90 billion, respectively.  A significant amount of the defense budget is allotted to the new aircraft and MRO activities, thus promoting the growth of the aircraft turbine fuel system market in SAM.

Brazil has reported the highest number of COVID-19 cases in SAM, followed by Peru, Chile, Colombia, and Ecuador, among others. Governments of countries in the region have taken actions to protect their citizens and contain COVID-19 spread. In SAM, Brazil is the largest spender in the aerospace industry; moreover, it is the only modern aircraft manufacturing country in the region. Thus, the country generates high demand for aircraft-related components, and systems and technologies. In addition, most of the components are imported from the US, China, and European countries. The slowdown in commercial and military aircraft production in the country has impaired the supply chain in Brazil. This has weakened the demand for components such as turbine fuel systems. Thus, the COVID-19 outbreak has been limiting the SAM aircraft turbine fuel system market, especially in Brazil.        


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Market Overview and Dynamics

The aircraft turbine fuel system market in SAM is expected to grow from US$ 223.17 million in 2021 to US$ 300.73 million by 2028; it is estimated to grow at a CAGR of 4.4% from 2021 to 2028. The aviation sector in Brazil has faced many challenges caused by the major economic recession in connection with the political crisis. Despite these challenges, the domestic operators posted a notable passenger growth. As the aviation sector grows in Brazil owing to economic progress, there is huge scope for companies dealing in aircraft parts and components. These includes engines, avionics, propellers, and others. The Government encourages innovation in this sector. These factors are projected to drive the aircraft turbine fuel system market demand for aircraft turbine fuel system in the country. The growth in air passengers in the above-mentioned countries is showcasing rise in demand for aircraft fleet. Moreover, countries in rest of SAM are also procuring relatively significant number of military aircraft, for instance, the Argentina’s government has also showed interest in procuring FA-50 Fighting Eagle aircraft from Korean Aerospace Industries (KAI) to increase capabilities of its existing air force fleet. Thus, growing commercial and military aviation in brazil is propelling the MRO service in Rest of the SAM which is subsequently fuelling the growth of aircraft turbine fuel system market.      

Key Market Segments

The SAM 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 SAM 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 SAM 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.; Parker-Hannifin Corporation; Safran; and Woodward, Inc.

Reasons to buy report

  • To understand the SAM 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 SAM aircraft turbine fuel system market.
  • Efficiently plan M&A and partnership deals in SAM 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 SAM aircraft turbine fuel system market.
  • Obtain market revenue forecast for market by various segments from 2021-2028 in SAM region.

SAM Aircraft Turbine Fuel System Market Segmentation

SAM Aircraft Turbine Fuel System Market - By Type

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

SAM Aircraft Turbine Fuel System Market - By Aircraft Type

  • Commercial Aircraft
  • Military Aircraft
  • General Aviation Aircraft

SAM Aircraft Turbine Fuel System Market - By Country

  • Brazil
  • Rest of SAM

SAM Aircraft Turbine Fuel System Market - Company Profiles

  • Collins Aerospace
  • Eaton Corporation plc
  • Honeywell International Inc.
  • Parker-Hannifin Corporation
  • Safran
  • 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.           SAM Aircraft Turbine Fuel System Market Landscape

4.1         Market Overview

4.2         Porter’s Five Forces Analysis

4.3         Ecosystem Analysis

5.           SAM Aircraft Turbine Fuel System – Market Dynamics

5.1         Market Drivers

5.1.1        Aircraft Manufacturing Picking Pace

5.1.2        Aircraft MRO Operation Witnessing Growth

5.2         Market Restraints

5.2.1        Fall of B737 Max and Setback to of A380 Program

5.3         Future Trends

5.3.1        High Acceptance of Lightweight Materials

5.4         Impact Analysis of Drivers and Restraints

6.           Aircraft Turbine Fuel System Market – SAM Market Analysis

6.1         SAM Aircraft Turbine Fuel System Market Overview

6.2         SAM Aircraft Turbine Fuel System Market Revenue Forecast and Analysis

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

7.1         Overview

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

8.1         Overview

8.2         SAM 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.           SAM Aircraft Turbine Fuel System Market – Country Analysis

9.1         Overview

9.1.1        SAM: Aircraft Turbine Fuel System Market, by Key Country

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

9.1.2.1          Brazil: Aircraft Turbine Fuel System Market, by Type

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

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

9.1.3.1          Rest of SAM: Aircraft Turbine Fuel System Market, by Type

9.1.3.2          Rest of SAM: Aircraft Turbine Fuel System Market, by Aircraft Type

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

10.1      SAM: 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      Parker-Hannifin Corporation

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      Safran

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      Woodward, Inc.

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

13.        Appendix

13.1      About The Insight Partners

13.2      Word Index

LIST OF TABLES

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

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

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

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

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

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

Table 7.             List of Abbreviation

LIST OF FIGURES

Figure 1.           SAM Aircraft Turbine Fuel System Market Segmentation

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

Figure 3.           SAM Aircraft Turbine Fuel System Market Overview

Figure 4.           SAM Aircraft Turbine Fuel System Market, by Type

Figure 5.           SAM Aircraft Turbine Fuel System Market, by Aircraft Type

Figure 6.           SAM Aircraft Turbine Fuel System Market, By Country

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

Figure 8.           SAM Aircraft Turbine Fuel System Market: Ecosystem Analysis

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Figure 23.        Impact of COVID-19 Pandemic in SAM Countries

  1. Collins Aerospace
  2. Eaton Corporation plc
  3. Honeywell International Inc.
  4. Parker-Hannifin Corporation
  5. Safran
  6. Woodward, Inc.
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