The report, now available on ASDReports, recognizes the following companies as the key players in the Global Aircraft Fuel Systems Market: Eaton, Honeywell International, Parker Hannifin, United Technologies and Woodward.
Other Prominent Vendors in the market are: Aloft AeroArchitects, GKN Aerospace, GE Aviation, Robertson Fuel Systems and Zodiac Aerospace.
Commenting on the report, an analyst said: “On an average, jet fuel accounts for approximately 30% of an airline’s operating cost. With the growing use of next-generation aircraft, ongoing developments in advanced fuel systems and lightweight structures (such as fuel tanks, fuselage, and wings) are being achieved. Boeing 777 uses advanced composites such as carbon and toughened resin that reduces the weight of the aircraft.”
According to the report, an increase in the number of UAVs and developments in the propulsion systems are expected to drive the market.
Further, the report states that defense budget cuts in the US hinders the growth of the market during the forecast period.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.