Aircraft Fuel Tank Market: Introduction
An aircraft fuel tank is a safe container for storage of fuel/flammable fluids. The term aircraft fuel tank is typically applied to part of an aircraft engine system in which the fuel is stored and propelled or released into an engine. Aircraft Fuel tanks range in size and complexity from the small plastic tank of a butane lighter to the multi-chambered.
Aircraft Fuel Tank Market: Dynamics
The growth in demand for Aircraft Fuel Tank Market is mainly due to rising production of aircraft across the globe. The rising demand for aircraft is owing to the day by day increase in passenger traffic across the globe. Also, according to IATA (International Air Transport Association), approximately 700 routes are established for better connectivity across the globe. This growth in global passenger traffic will also contribute to the growth of the airlines and aircraft industry which will lead to the growth of Aircraft Fuel Tank Market over the forecast period. Also, the R&D which is carried out on aircraft fuel tank material to optimize its strength as well as decrease the weight of the aircraft increasing its efficiency in recent years. Also, the growing focus of aircraft manufacturers on aircraft weight reduction without compromising with its strength and quality of work, expected to increase the demand for the high strength lighter weight materials aircraft fuel tank. Apart from this, the aircraft fuel tank is an integral part of all aircraft, and hence, the development of the aerospace sector will also add up to the growth of the global aircraft fuel tank market.
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However, the factors such as strict standards and guidelines from regulating authorities and high cost of manufacturing setup are expected to restrain the growth of the Aircraft Fuel Tank Market over the forecast period. However, the ongoing trend to use updated and enhanced technology equipment for better results will contribute towards the growth of the demand for Aircraft Fuel Tank Market during the forecast period.
Aircraft Fuel Tank Market: Segmentation
- Based On The Installed Position, The Aircraft Fuel Tank Market can be segmented as follows:
- Internal Aircraft Fuel Tank
- Integral tanks
- Rigid removable tanks
- Bladder tanks
- Tip tanks
- External Aircraft Fuel Tank
- Conformal fuel tank
- Drop tank
- Based on the Aviation Type, the Aircraft Fuel Tank Market can be segmented as follows:
- Commercial Aviation
- Military Aviation
- Private Jet
- Based on the capacity, the Aircraft Fuel Tank Market can be segmented as follows:
- <30 L Aircraft Fuel Tank
- 30 L to 50 L Aircraft Fuel Tank
- 51 L to 70 L Aircraft Fuel Tank
- More than 70 L Aircraft Fuel Tank
- Based on the Material, the Aircraft Fuel Tank Market can be segmented as follows:
- Aluminum Aircraft Fuel Tank
- HDPE Aircraft Fuel Tank
- Steel Aircraft Fuel Tank
- On the basis of the aircraft type, the Aircraft Fuel Tank Market can be segmented as:
- Narrow Body aircraft
- Wide Body aircraft
- Regional Jet
- Rotary-wing Aircraft
- Civil Helicopters
- Military Helicopters
- Military Transport Aircraft
- Fighter Jets
- Internal Aircraft Fuel Tank
Aircraft Fuel Tank Market: Regional Outlook
Geographically, the Aircraft Fuel Tank market is segmented into eight regions including the Middle East and Africa, North America, Latin America, Western Europe, Eastern Europe and the East Asia Pacific, South Asia and Oceania.
During the forecast period, North America and Europe are expected to hold a major share in the global Aircraft Fuel Tank market and is expected to behold it even in the forecast period owing to the high demand from established OEM aircraft manufacturers in this region. The Asia Pacific Is expected to exhibit high growth in the aviation market owing to a robust increase in passenger traffic. Also, a significant increase in per capita income of the general population in the economies the Asia Pacific such as China, India, and Vietnam coupled with, changing the preference of general population towards air travel is anticipated to contribute to the growth of regional demand of aircraft fuel tank market. Rest of the world is estimated to account for a relatively small share of the Aircraft Fuel Tank market.
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Aircraft Fuel Tank Market: Market Participants
Some of the market participants operating across the value chain of the global Aircraft Fuel Tank Market are:
- Zodiac Aerospace
- Meggitt PLC
- Aero Tec Laboratories, Inc.
- TI Automotive Inc.
- Kautex Textron GmbH & Co. KG
- ContiTech AG
- The Plastic Omnium Group
- YAPP Automotive Parts Co. Ltd
- Magam Safety Ltd.