Middle East and Africa Aircraft Turbine Fuel Syste..
Middle East and Africa 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)
The aircraft turbine fuel system market in the MEA is expected to grow from US$ 131.55 million in 2021 to US$ 167.16 million by 2028; it is estimated to grow at a CAGR of 3.5% from 2021 to 2028.
Spending on MRO operations for military and commercial aircraft has risen significantly with a significant rise in the manufacturing of commercial and military aircraft. For instance, in November 2020, Boeing was awarded MRO contract of worth US$ 9.8 billion for Saudi Arabia?s F-15 fleet. In September 2020, RUAG was awarded MRO contract for US Navy?s F/A-18 Hornet fleet. The MRO operations comprise periodic inspection, defect rectification, overhaul, replacement, and embodiment of modification of aircraft for continuous airworthiness of an aircraft and its parts. The aircraft turbine fuel systems are periodically serviced as well as replaced in aircraft for optimal functioning of aircraft. Thus, the increasing MRO spending for military and commercial aircraft is subsequently driving the growth of the MEA aircraft turbine fuel system market. Also, focus on use of lightweight materials is among other major factors driving the MEA aircraft turbine fuel system market.
Based on type, the MEA 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. The advancement in aircraft technology and increase in production of aircraft models is foreseen to be the key catalyzer for FADEC-based turbine fuel systems. Many of the aircraft manufacturers and aircraft engine manufacturers worldwide are seeking and integrating advanced solutions to enhance the fuel efficiency parameter of the aircraft. Since FADEC enables the pilots to modulate fuel flow to the engines electronically, several instances of inconsistent fuel flow could be avoided. This advantage of FADEC has been attracting the aircraft and aircraft engine manufacturers over the years and is foreseen to continue to attract the end users. This factor is expected to accentuate the demand for FADEC and propel the aircraft turbine fuel system market.
The MEA aircraft turbine fuel system market is majorly affected by supply chain disruptions caused by the COVID-19 pandemic. The shutdown of borders of countries have disturbed the aerospace & defense industry?s supply chains. These has led to lowered demand for advanced aerospace technologies such as aircraft turbine fuel system systems. This has resulted in a loss of business among the aircraft turbine fuel system market players, offering their products the customers in the MEA. The spread of COVID-19 has led the manufacturers to suspend their operations or operate with a minimal workforce temporarily. This has weakened the demand for turbine fuel systems, thereby hindering the aircraft turbine fuel system market in the region.
The overall North America aircraft turbine fuel system market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the North America aircraft turbine fuel system market with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants to validate the data, as well as to gain more analytical insights into the topic. The participants typically involved in the process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers-along with external consultants such as valuation experts, research analysts, and key opinion leaders-specializing in the North America aircraft turbine fuel system market. Collins Aerospace; Eaton Corporation plc; Honeywell International Inc.; Parker-Hannifin Corporation; Safran; and Woodward, Inc. are among the key players operating in the MEA aircraft turbine fuel system market.
TABLE OF CONTENTS
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.2 Secondary Research
3.3 Primary Research
4. MEA Aircraft Turbine Fuel System Market Landscape
4.1 Market Overview
The List of Companies - Middle East and Africa Aircraft Turbine Fuel System Market
- Collins Aerospace
- Eaton Corporation plc
- Honeywell International Inc.
- Parker-Hannifin Corporation
- Woodward, Inc.