North America 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 North America is expected to grow from US$ 739.94 million in 2021 to US$ 1,144.95 million by 2028; it is estimated to grow at a CAGR of 6.4% from 2021 to 2028. With the rise in the commercial and military aircraft manufacturing activities, spending on the manufacturing, repair, and overhaul (MRO) operations for military and commercial aircraft has risen significantly. For instance, in November 2020, SupplyCore and Noble Supply & Logistics were jointly awarded a contract worth US$ 90 million by the Department of Defense of the US for MRO services for the air fleet of Air Force, Marine Corps, U.S. Army, Navy, and Coast Guard. The contract includes periodic inspection, defect rectification, overhaul, replacement, and embodiment of modification of aircraft for continuous airworthiness of an aircraft and its parts. Thus, periodic servicing and replacement of aircraft turbine fuel systems for the optimal functioning of aircraft—supported by the rise in spending on MRO activities—is fueling the demand for aircraft turbine fuel systems in North America. Additionally, rising aircraft manufacturing is fueling the demand for aircraft turbine fuel systems in the region. Further, improved fuel-efficiency, efficient engine operations, automatic engine protection with regards to out-of-tolerance operations, better system integration with engine and aircraft systems, and engine monitoring and diagnostics capabilities drive the growth of the North America aircraft turbine fuel system market.
Based on type, the aircraft turbine fuel system market in North America is segmented into hydromechanical, full authority digital engine control (FADEC), and hydromechanical/electronics. The full authority digital engine control segment led the market in 2020. The full authority digital engine control uses a digital computer, known as an electronic engine control (EEC) or engine control unit (ECU), and related accessories to control the aircraft engine performance parameters. The FADEC functions by receiving multiple input variables such as engine temperatures, engine pressures, throttle lever position, and air density of real-time flight conditions. The input is gathered by ECU or EEC and is processed with the speed up to 70-times per second.
The US is the worst-hit country in North America by the COVID-19 pandemic. Surge in the number of cases has led several North American governments to impose lockdown in Q2 and Q3 of 2020. Most of the manufacturing plants were temporarily shut or were operating with minimum staff. Moreover, the aircraft OEMs as well as aircraft components and associated product manufacturers witnessed disruptions in supply chains. The US has a larger density of aircraft manufacturers as well as aircraft-associated technology and system manufacturers, followed by Canada and Mexico. The outbreak has severely affected the production operations of these stakeholders. The lower number of manufacturing staff has resulted in lesser production quantity. From the aircraft OEM’s perspective, Boeing, the aviation giant in the region, has witnessed a significant fall in orders and production, which is one of the key factors restraining the aircraft turbine fuel system market. Apart from Boeing, several other aircraft OEMs such as Bombardier, Textron, and Gulfstream also reported under-performance in terms of order inflow and production capacities. Further, the region has higher numbers of aircraft turbine fuel system market players. The restrictions on workforce, disruption in supply chain, and limited volumes of orders have affected the aircraft turbine fuel system market growth 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.; Mascott Equipment Co.; Parker-Hannifin Corporation; Safran; Triumph Group, Inc.; and Woodward, Inc. are among the key players operating in the North America aircraft turbine fuel system market.
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