16-May-2022 | Facts and Factors
According to Facts and Factors, the global aircraft fuel tank market was valued at USD 928.60 million in 2021 and is predicted to increase at a CAGR of 1.30% to USD 1001.57 million by 2028. The study examines the market in terms of revenue in each of the major regions, which are classified into countries.
The aircraft fuel tank is an essential component of all aircraft; therefore, the aerospace sector's growth will contribute to the worldwide aircraft fuel tank market's expansion in the future years. The rising demand for aircraft is one of the primary elements driving the market growth during the forecast period. Severe principles and rules from controlling specialists and significant expense of assembling arrangements are relied upon to challenge the development of the Aircraft Fuel Tanks Market. The factors such as the introduction of new aircraft programs and increasing aircraft orders are anticipated to drive the global aircraft fuel tanks market. Also, the research and development that is being done on aviation fuel tank material to improve its strength while also reducing the weight of the aircraft and enhancing its efficiency in the next years. Aside from that, the market for aircraft fuel tanks is an essential component of all planes. Subsequently, the global worldwide market for aircraft fuel tanks will grow due to the advancement of the aviation industry over the upcoming years.
Browse the full “ Aircraft Fuel Tank Market By Type (External, Internal), By End-Use (Aftermarket, OEM), By Platform (Commercial Aviation, Military Aviation), By Material (Carbon-based Composites, Metallic Alloys, Hybrid, Polymers), and By Region - Global Insights, Growth, Size, Comparative Analysis, Trends and Forecast, 2022 – 2028 " report at https://www.fnfresearch.com/aircraft-fuel-tank-market
Also, the rising emphasis of aircraft manufacturers on aircraft weight reduction without cooperating with its strength and quality of labor is expected to expand the demand for the high strength lighter weight materials in the aircraft fuel tanks. However, the continued trend of using updated and enhanced technology equipment for better outcomes will contribute to the growth of the aircraft fuel tank market during the forecast period.
Segmental Overview
The global aircraft fuel tank market is segregated based on materials, end-user, applications, platforms, and region.
In terms of materials, the polymer segment is estimated to witness the highest CAGR in the market during the forecast period. The factors that can be attributed to their extensive use within military aircraft for their self-sealing capabilities along with increased spending on military aircraft are fuelling the demand for this segment.
In terms of type, the Outside tank is expected to dominate and account for a prominent share of the global epilepsy market during the forecast period. Conformal tanks and drop tanks are included in the exterior fuel tank section. These sorts of tanks are, to a great extent, utilized in military warrior jets. Additionally, the tactical office's Aircraft Fuel Tanks Market is expected to fuel the expansion of this area due to the growing interest in innovatively developed contender jets.
Regional Overview
The Asia Pacific is estimated to witness the fastest growth in the global aircraft fuel tank market. This is attributed to the demand for aircraft continuously increasing, due to which aircraft manufacturers are expanding their product line, thus creating a significant requirement for aircraft fuel tanks. Therefore, increasing aircraft orders offer a significant advantage for the aircraft fuel tanks market. Furthermore, there is an increasing trend in the aircraft industry to update existing/older aircraft.
Report Scope
Report Attribute |
Details |
Market Size in 2021 |
USD 928.60 Million |
Projected Market Size in 2028 |
USD 1001.57 Million |
CAGR Growth Rate |
1.30% CAGR |
Base Year |
2021 |
Forecast Years |
2022-2028 |
Key Market Players |
Air Tec Laboratories Inc. (US), Chobham plc (UK), Elbit Systems Ltd. (Israel), General Dynamics Corporation (US), GKN Aerospace (UK), Marshall Aerospace and Defense Group (UK), Meggitt PLC (UK), NorthStar (US), Robertson Fuel Systems LLC (US), Safran SA (France), and Others |
Key Segment |
By Type, End Use, Platform, Material, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Competitive Landscape
The report contains qualitative and quantitative research on the global aircraft fuel tank market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides an in-depth analysis of the market's main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts. The study examines, among other things, each company's global presence, competitors, service offers, and standards.
List of Key Players in the Global Aircraft Fuel Tank Market:
- Air Tec Laboratories Inc. (US)
- Cobham plc (UK)
- Elbit Systems Ltd. (Israel)
- General Dynamics Corporation (US)
- GKN Aerospace (UK)
- Marshall Aerospace and Défense Group (UK)
- Meggitt PLC (UK)
- NorthStar (US)
- Robertson Fuel Systems LLC (US)
- Safran SA (France)
The global aircraft fuel tank market is segmented as follows;
Based on Type:
Based on End-Use:
Based on Platform:
- Commercial Aviation
- Military Aviation
Based on Material:
- Carbon-based Composites
- Metallic Alloys
- Hybrid
- Polymers
Based on Region
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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