Aircraft fuel systems market revenue growth is fueled by increasing defense budget resulting in purchase of new fighter as well as transport and passenger aircraft. As per estimates, military & defense expenditure worldwide was more than USD 1980.0 billion in 2020, which was approximately 2.6% over expenses made in 2019. Increasing use of Unmanned Aerial Vehicles (UAVs) and development of stealthier, cutting-edge fixed-wing aircraft for military applications to improve aerial combat capabilities is expected to drive market revenue growth over the forecast period. Fighter aircraft provide close air support to defend land troops and also deter air strike threats by enemy aircraft; whereas in navies, such aircraft are used for detecting and neutralizing submarines and warships.

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Competitive Landscape:
The latest report encases an in-depth summary of the intensely competitive landscape of the global Aircraft Fuel Systems Systems market, with systematic profiling of the companies operating across this industry. In this section of the report, experts have listed down the strategic initiatives undertaken by these market rivals for proposed business expansion. Additionally, it highlights the key developments and financial positions of these companies to explain the overall market scenario. The company profiles of the established and new players have also been assessed in the report through effective analytical tools like SWOT analysis.

Some major companies included in the company profile section of the global market report include Parker Hannifin Corporation, Triumph Group PLC, Safran SA, Eaton Corporation PLC, Meggitt PLC, Woodward Inc., Raytheon Technologies, GKN Aerospace Services Limited, Crane Co., and Honeywell International Inc.

Emergen Research has segmented the global aircraft fuel systems market on the basis of engine type, technology, component, application, and region:
Engine Type Outlook (Revenue, USD Billion; 2018–2028)
• Jet Engine
• Turboprop Engine
• Helicopter Engine
• UAV Engine
Technology Outlook (Revenue, USD Billion; 2018–2028)
• Pump Feed
• Fuel Injection
• Gravity Feed
Component Outlook (Revenue, USD Billion; 2018–2028)
• Piping
• Pumps
• Valves
• Inerting Systems
• Fuel Control Monitoring System
• Filters
• Gauges

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