Aircraft Fuel Tanks Market Size Expected to Grow at a CAGR over 1.8% from 2019 to 2026

 

Global Aircraft Fuel Tanks Market.

Market Forecast

Global Aircraft Fuel Tanks Market is projected to be valued at USD 992.52 Million by 2026, expanding at a CAGR of 1.8% between 2020 and 2026. 

The increasing demand for new aircraft is primarily driving the growth of the market. Furthermore, increasing use of UAVs for military & commercial applications is driving the growth of the market.

Market USP

Stringent safety regulations would increase the demand for advanced fuel tanks

Growth Opportunities in the Market

Internal fuel tank segment is expected to witness a higher growth in the market: The internal fuel tank segment accounted for the largest market share and is expected to grow at a higher CAGR during the review period. Internal fuel tanks are largely used for all commercial aircraft. This includes integral tanks, bladder tanks, rigid removable tanks, tip tanks, and auxiliary tanks.

The external tanks segment is expected to grow at a steady CAGR during the forecast. The segment is further categorized into conformal tanks and drop tanks. These tanks are largely installed into military aircraft.

OEM segment is expected to register the highest growth in the market: The OEM segment accounted for the largest market share in 2019 and is expected to grow at the highest CAGR during the review period. The increase in the development of advanced fuel tanks requiring less maintenance and allow easy inspection is expected to drive the growth of this segment.

Civil aviation segment accounted for the largest market share in 2019: The civil aviation segment is also expected to grow at the highest CAGR during the forecast period from 2020 to 2026. There has been a considerable increase in air passenger traffic from the last few years, which has significantly increased the demand for new aircraft for civil aviation. UAV segment is expected to witness the highest growth rate during the forecast period. This is due to the increase in demand for UAVs for commercial and defense applications.

Key Players

·        Aero Tec Laboratories Inc. (US)

·        Cobham plc (UK)

·        Elbit Systems Ltd. (Israel)

·        General Dynamics Corporation (US)

·        GKN Aerospace (UK)

·        Marshall Aerospace and Defence Group (UK)

·        Meggitt PLC (UK)

·        Northstar (US)

·        Robertson Fuel Systems LLC (US)

·        Safran SA (France)

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/aircraft-fuel-tanks-market-8779

 

Comments

Post a Comment

Popular posts from this blog

GERD and NERD Treatment Market Rising Uptake Of Technology In Medical And Healthcare Sector To Boost Industry’s Growth Market 2019 Market Highlights: GERD & NERD Treatment Market Research Report- Americas forecast till 2023 growing continuously and is expected to grow at a CAGR of 4.02 % from 2017 to 2023. Heartburn is the burning sensation in the chest behind the breastbone that we feel when stomach acid refluxes back into the esophagus (food tube). Increasing prevalence of gastric diseases has increased the investment in GERD medication for research and development. This is expected to further drive the demand for gastroenteric drugs. Major players in GERD & NERD treatment market Some of the major players in this market are ( U.S.), GlaxoSmithKline Plc (U.K), Ironwood Pharmaceuticals, Inc. (U.S.), Jeil pharmaceutical Co. Ltd. (South Korea), Johnson & Johnson (U.S.), Mederi Therapeutics Inc. (U.S.), Medigus Ltd. (Israel), Medtronic Inc. (U.S.), Merck & CO.,...
Read more
Air Ambulance Services Market Size, Share, Trends, Application  Global Air Ambulance Services Market  Overview The Global Air Ambulance Services Market is expected to reach USD 11,456.3 million by 2024 at a CAGR of 2.95% during the forecast period. Air ambulance manufacturers are investing heavily in advanced technologies to reduce costs and improve turnaround time. For instance, 3D printing is dramatically changing the way structures and components of aircraft are currently designed and manufactured. It reduces the design constraints that engineers face when using conventional fabrication techniques. Furthermore, the ability to fabricate functional electronics into complex structures using 3D printing allows manufacturers to offer air ambulances that operate effectively in adverse conditions such as inclement weather, tsunamis, droughts, and cyclones. Global Air Ambulance Services Market  Segmental Analysis The global air ambu...
Read more

Satellite Communication (SATCOM) Market Outlook And Opportunities With Future Growth Scenario By 2027

  Market Forecast The satellite communication (SATCOM) market is projected to register a  CAGR of 8.44%  between  2021 and 2027 .   SATCOM is used for the transmission of information from one place to another with the aid of a satellite that orbits around the Earth. SATCOM is employed for a wide range of mobile applications, including communication to aircraft, ships, vehicles, and hand-held terminals, as well as for TV and radio broadcasting. The increasing deployment of small satellites, growing demand for high-speed Internet, and rising adoption of maritime VSAT are primarily driving the market's growth. Additionally, increasing demand for small form factor SATCOM solutions and frequent launches of military satellitesare driving the global market's growth. Globally, military spending has increased significantly in recent years. Factors such as ongoing conflicts in the Middle East & Africa, long-standing tensions, territorial disputes between ...
Read more