Global Commercial Aircraft Turbine Fuel Injection Component Market 2017-2021
About Commercial Aircraft Turbine Fuel Injection Component
An aircraft fuel system ensures proper and adequate supply of fuel to the propulsion unit of an aircraft under all flying conditions. Fuel systems vary with aircraft based on their size and structure. Modern-day aircraft with multi-engines are equipped with multiple fuel tanks. These tanks are located mostly in the wings and sometimes in the fuselage of large aircraft. The fuel system consists of fuel tanks, pumps, and valves, fuel metering devices, and filters and ensures that the fuel is supplied at the correct pressure and flow rate for the engine to operate properly in each stage of flight.
Technavio’s analysts forecast the global commercial aircraft turbine fuel injection component market to grow at a CAGR of 6.02% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global commercial aircraft turbine fuel injection component market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Commercial Aircraft Turbine Fuel Injection Component Market 2017-2021
Technavio recognizes the following companies as the key players in the global commercial aircraft turbine fuel injection component market: Eaton, PARKER HANNIFIN, UTC Aerospace Systems, and Woodward.
Other Prominent Vendors in the market are: Emerson, GE Aviation, ITT , TRIUMPH GROUP, and Valcor Engineering.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Emergence of 3D-printed engine components. Government contractors and agencies are using 3D printing (additive manufacturing) to improve the quality and accessibility of sophisticated products. For instance, GE Aviation manufactures aircraft engine parts using the 3D printing technique. Its jointly developed CFM LEAP engines use 3D-printed fuel nozzles. These parts are lighter in weight, simpler in design, and possess high durability. 3D-printed nozzles are 25% lighter than those made using conventional techniques.”
According to the report, one of the major drivers for this market is Demand for enhanced aero-engine components. The new-age aircraft necessitate optimization for efficiency more than ground vehicles, which can refuel often. Aviation fuel is expensive, and great care is taken to prevent its contamination. Also, fuel plays an important role in limiting the range of an aircraft, which in turn, depends on its overall weight. The aviation industry also keeps a close eye on the effect of aircraft emissions on the environment. Therefore, new-generation aircraft, such as Boeing 787 and 737 MAX, Bombardier CSeries, and Airbus A350, feature better fuel efficiency compared with earlier-generation airplanes and generate less pollution. Better fuel efficiency also leads to cost saving for the airlines.
Further, the report states that one of the major factors hindering the growth of this market is Lack of transparency in spare part pricing. There is no proper spare part pricing in the component manufacturing industry. The price for similar products with same part size, material, and technology differs from vendor to vendor. Despite the growth of parts manufacturer approval (PMA) components and the rising demand for aircraft aftermarket parts, pricing transparency remains one of the key challenges in this market. Currently, the market comprises different types of suppliers. Also, the market is highly fragmented and opaque for buyers.
Eaton, PARKER HANNIFIN, UTC Aerospace Systems, Woodward, Emerson, GE Aviation, ITT , TRIUMPH GROUP, and Valcor Engineering.