Aircraft Fuel Tank Market Overview
The aircraft fuel tank market is experiencing a significant growth due to rise in production of aircraft across the globe. An aircraft fuel tank is a safe container for storage of fuel or flammable fluids. The term aircraft fuel tank is typically applied to part of an aircraft engine system in which the fuel is stored and propelled or released into an engine. Aircraft fuel tanks range in size and complexity from the small plastic tank of a butane lighter to multi-chambered. These tanks are often integrated into the wings of the aircraft; this placement reduces the stress on the wings during takeoff and flight. The order and delivery patterns of aircraft manufacturers are showcasing tremendous progress, which in turn is reflecting the demand for aircraft fuel tanks. This factor is catalyzing the growth of aircraft fuel tank market. The aircraft fuel tank market is driven by the increasing trend of development of lightweight, high capacity composite or alloy based fuel tanks. The global aircraft fuel tank market accounted for US$ 850.0 million in 2019 and is estimated to be US$ 1015.1 million by 2029 and is anticipated to register a CAGR of 1.80%.
Impact of COVID-19 pandemic on market
At the starting of 2020, COVID-19 disease began to spread around the world; many more peoples are infected with COVID-19 disease, and major countries around the world send the orders to companies for employee prohibition and work stoppage. Every organization is prepared for the loss by this pandemic. Hence the aircraft fuel tank also affected by the COVID-19 lockdown scenario, as it ultimately links to distribution, manufacturers, market size, marketing channels, and market factors. This report will quantify the impact of this pandemic on the aircraft fuel tank market.
Aircraft Fuel Tank Market Dynamics
Surge in production of aircraft across the globe
The growth in demand for Aircraft Fuel Tank Market is mainly due to rising production of aircraft across the globe. The rising demand for aircraft is owing to the day by day increase in passenger traffic across the globe. Also, according to IATA (International Air Transport Association), approximately 700 routes are established for better connectivity across the globe. This growth in global passenger traffic will also contribute to the growth of the airlines and aircraft industry which will lead to the growth of Aircraft Fuel Tank Market over the forecast period. Also, the R&D which is carried out on aircraft fuel tank material to optimize its strength as well as decrease the weight of the aircraft increasing its efficiency in recent years. Also, the growing focus of aircraft manufacturers on aircraft weight reduction without compromising with its strength and quality of work, expected to increase the demand for the high strength lighter weight materials aircraft fuel tank. Apart from this, the aircraft fuel tank is an integral part of all aircraft, and hence, the development of the aerospace sector will also add up to the growth of the global aircraft fuel tank market.
However, the factors such as strict standards and guidelines from regulating authorities and high cost of manufacturing setup are expected to restrain the growth of the Aircraft Fuel Tank Market over the forecast period. However, the ongoing trend to use updated and enhanced technology equipment for better results will contribute towards the growth of the demand for Aircraft Fuel Tank Market during the forecast period.
Aircraft Fuel Tank Market Segmentation
The global aircraft fuel tank market is segmented based on type, application and region. On the basis of type the market is segmented into Internal, and External. Internal fuel tanks are found in almost every type of commercial and general aviation aircraft. The deliveries and production rate of the commercial and general aviation aircraft, which have these tanks pre-installed in them, are high. All these aircraft use internal fuel tanks, and compared to the external fuel tanks, the volumes are a lot more. Even in military aircraft, most of the aircraft like the tanker and transport aircraft come equipped with mandatory internal fuel tanks. Thus, with higher installation volumes, the internal fuel tank segment is projected to lead the market during the forecast period.
Depending upon application, the target market is segmented into Commercial Aircraft, Military Aircraft, General Aviation Aircraft, and UAVs. The commercial aircraft segment is estimated to witness the highest CAGR for the forecast period. The internal tanks present in commercial aviation aircraft are an important part of the aerostructure requiring frequent checks and repairs. These maintenance requirements are fueling the demand for this segment.
Regional Insights:
According to the region, market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America holds the largest market share. The demand for aircraft is continuously increasing, due to which aircraft manufacturers are expanding their product line, thus creating a significant requirement for aircraft fuel tanks, strong governmental initiatives, and ongoing projects that will boost the market in this region.
Detail Segmentation:
Attribute |
Details |
The base year for estimation |
2019 |
Forecast Period |
2019 - 2029 |
Market Representation |
Revenue in USD Million & CAGR from 2019-2029 |
Market Segmentation |
By Type - Internal, and External By Application - Commercial Aircraft, Military Aircraft, General Aviation Aircraft, and UAVs By Region - North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
Regional Scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
Report Coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments covered in the report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the global aircraft fuel tank market report based on type, application and region.
Global Aircraft Fuel Tank Market, By Type
- Internal
- External
Global Aircraft Fuel Tank Market, By Application
- Commercial Aircraft
- Military Aircraft
- General Aviation Aircraft
- UAVs
Global Aircraft Fuel Tank Market, By Region
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
Aircraft Fuel Tank Market Key Players
The major key players in the market includes Zodiac Aerospace, Meggitt PLC, Aero Tec Laboratories, Inc., TI Automotive Inc., Kautex Textron GmbH & Co. KG, ContiTech AG, The Plastic Omnium Group, YAPP Automotive Parts Co. Ltd, Magam Safety Ltd., Musthane. These vendors provide crash-resistant fuel tanks, bladder tanks, and auxiliary internal and external fuel tanks, among others, for aircraft such as fixed-wing, rotorcraft, and UAVs across both commercial and military platforms.
Aircraft Fuel Tank Market Company Profile
- Zodiac Aerospace
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Meggitt PLC
- Aero Tec Laboratories Inc.
- TI Automotive Inc.
- Kautex Textron GmbH & Co. KG
- ContiTech AG
- The Plastic Omnium Group
- YAPP Automotive Parts Co. Ltd
- Magam Safety Ltd.
- Musthane
Aircraft Fuel Tank Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for Aircraft Fuel Tank Strategies
- Key Questions this Study will Answer
- Market Snippet, By Type
- Market Snippet, By Application
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Global Aircraft Fuel Tank Market, By Type, 2019 – 2029, (US$ Mn)
- Internal
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- External
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Internal
- Global Aircraft Fuel Tank Market, By Application, 2019 – 2029, (US$ Mn)
- Commercial Aircraft
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Military Aircraft
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- General Aviation Aircraft
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- UAVs
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Commercial Aircraft
- Global Aircraft Fuel Tank Market, By Region, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
-
- Zodiac Aerospace
- Company Overview
- Type Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Meggitt PLC
- Aero Tec Laboratories Inc.
- TI Automotive Inc.
- Kautex Textron GmbH & Co. KG
- ContiTech AG
- The Plastic Omnium Group
- YAPP Automotive Parts Co. Ltd
- Magam Safety Ltd.
- Musthane
- Zodiac Aerospace
-
- The Last Word
- Future Impact
- About Us
- Contact
List of Tables
TABLE List of data sources
TABLE Market drivers; Impact Analysis
TABLE Market restraints; Impact Analysis
TABLE Aircraft Fuel Tank Market: Type Snapshot (2019)
TABLE Segment Dashboard; Definition and Scope, by Type
TABLE Global Aircraft Fuel Tank Market, by Type 2018-2029 (USD Million)
TABLE Aircraft Fuel Tank Market: Application Snapshot (2019)
TABLE Segment Dashboard; Definition and Scope, by Application
TABLE Global Aircraft Fuel Tank Market, by Application 2018-2029 (USD Million)
TABLE Aircraft Fuel Tank Market: Regional snapshot (2019)
TABLE Segment Dashboard; Definition and Scope, by Region
TABLE Global Aircraft Fuel Tank Market, by Region 2018-2029 (USD Million)
TABLE North America Aircraft Fuel Tank Market, by Country, 2018-2029 (USD Million)
TABLE North America Aircraft Fuel Tank Market, by Type, 2018-2029 (USD Million)
TABLE North America Aircraft Fuel Tank Market, by Application, 2018-2029 (USD Million)
TABLE Europe Aircraft Fuel Tank Market, by Country, 2018-2029 (USD Million)
TABLE Europe Aircraft Fuel Tank Market, by Type, 2018-2029 (USD Million)
TABLE North America Aircraft Fuel Tank Market, by Application, 2018-2029 (USD Million)
TABLE Asia Pacific Aircraft Fuel Tank Market, by Country, 2018-2029 (USD Million)
TABLE Asia Pacific Aircraft Fuel Tank Market, by Type, 2018-2029 (USD Million)
TABLE Asia Pacific Aircraft Fuel Tank Market, by Application, 2018-2029 (USD Million)
TABLE Latin America Aircraft Fuel Tank Market, by Country, 2018-2029 (USD Million)
TABLE Latin America Aircraft Fuel Tank Market, by Type, 2018-2029 (USD Million)
TABLE Latin America Aircraft Fuel Tank Market, by Application, 2018-2029 (USD Million)
TABLE Middle East and Africa Aircraft Fuel Tank Market, by Country, 2018-2029 (USD Million)
TABLE Middle East and Africa Aircraft Fuel Tank Market, by Type, 2018-2029 (USD Million)
TABLE Middle East and Africa Aircraft Fuel Tank Market, by Application, 2018-2029 (USD Million)
List of Figures
FIGURE Aircraft Fuel Tank Market segmentation
FIGURE Market research methodology
FIGURE Value chain analysis
FIGURE Porter’s Five Forces Analysis
FIGURE Market Attractiveness Analysis
FIGURE COVID-19 Impact Analysis
FIGURE Pre & Post COVID-19 Impact Comparison Study
FIGURE Competitive Landscape; Key company market share analysis, 2019
FIGURE Type segment market share analysis, 2019 & 2029
FIGURE Type segment market size forecast and trend analysis, 2019 to 2029 (USD Million)
FIGURE Application segment market share analysis, 2019 & 2029
FIGURE Application segment market size forecast and trend analysis, 2019 to 2029 (USD Million)
FIGURE Regional segment market share analysis, 2019 & 2029
FIGURE Regional segment market size forecast and trend analysis, 2019 to 2029 (USD Million)
FIGURE North America Aircraft Fuel Tank Market share and leading players, 2019
FIGURE Europe Aircraft Fuel Tank Market share and leading players, 2019
FIGURE Asia Pacific Aircraft Fuel Tank Market share and leading players, 2019
FIGURE Latin America Aircraft Fuel Tank Market share and leading players, 2019
FIGURE Middle East and Africa Aircraft Fuel Tank Market share and leading players, 2019
FIGURE North America market share analysis by country, 2019
FIGURE U.S. Aircraft Fuel Tank Market size, forecast and trend analysis, 2019 to 2029 (USD Million)
FIGURE Canada Aircraft Fuel Tank Market size, forecast and trend analysis, 2019 to 2029 (USD Million)
FIGURE Europe Aircraft Fuel Tank Market share analysis by country, 2019
FIGURE Germany Aircraft Fuel Tank Market size, forecast and trend analysis, 2019 to 2029 (USD Million)
FIGURE Spain Aircraft Fuel Tank Market size, forecast and trend analysis, 2019 to 2029 (USD Million)
FIGURE Italy Aircraft Fuel Tank Market size, forecast and trend analysis, 2019 to 2029 (USD Million)
FIGURE UK Aircraft Fuel Tank Market size, forecast and trend analysis, 2019 to 2029 (USD Million)
FIGURE France Aircraft Fuel Tank Market size, forecast and trend analysis, 2019 to 2029 (USD Million)
FIGURE Rest of the Europe Aircraft Fuel Tank Market size, forecast and trend analysis, 2019 to 2029 (USD Million)
FIGURE Asia Pacific Aircraft Fuel Tank Market share analysis by country, 2019
FIGURE India Aircraft Fuel Tank Market size, forecast and trend analysis, 2019 to 2029 (USD Million)
FIGURE China Aircraft Fuel Tank Market size, forecast and trend analysis, 2019 to 2029 (USD Million)
FIGURE Japan Aircraft Fuel Tank Market size, forecast and trend analysis, 2019 to 2029 (USD Million)
FIGURE South Korea Aircraft Fuel Tank Market size, forecast and trend analysis, 2019 to 2029 (USD Million)
FIGURE Singapore Aircraft Fuel Tank Market size, forecast and trend analysis, 2019 to 2029 (USD Million)
FIGURE Rest of APAC Aircraft Fuel Tank Market size, forecast and trend analysis, 2019 to 2029 (USD Million)
FIGURE Latin America Aircraft Fuel Tank Market size, forecast and trend analysis, 2019 to 2029 (USD Million)
FIGURE Latin America Aircraft Fuel Tank Market share analysis by country, 2019
FIGURE Brazil Aircraft Fuel Tank Market size, forecast and trend analysis, 2019 to 2029 (USD Million)
FIGURE Mexico Aircraft Fuel Tank Market size, forecast and trend analysis, 2019 to 2029 (USD Million)
FIGURE Argentina Aircraft Fuel Tank Market size, forecast and trend analysis, 2019 to 2029 (USD Million)
FIGURE Rest of LATAM Aircraft Fuel Tank Market size, forecast and trend analysis, 2019 to 2029 (USD Million)
FIGURE Middle East and Africa Aircraft Fuel Tank Market size, forecast and trend analysis, 2019 to 2029 (USD Million)
FIGURE Middle East and Africa Aircraft Fuel Tank Market share analysis by country, 2019
FIGURE Saudi Arabia Aircraft Fuel Tank Market size, forecast and trend analysis, 2019 to 2029 (USD Million)
FIGURE United Arab Emirates Aircraft Fuel Tank Market size, forecast and trend analysis, 2019 to 2029 (USD Million)
FIGURE Rest of Middle East & Africa Aircraft Fuel Tank Market size, forecast and trend analysis, 2019 to 2029 (USD Million)
FAQs
The aircraft fuel tank market is segmented based on type, application and region.
The growth in demand for Aircraft Fuel Tank Market is mainly due to rising production of aircraft across the globe. The rising demand for aircraft is owing to the day by day increase in passenger traffic across the globe.
North America holds the largest market share.
The major key players in the market includes Zodiac Aerospace, Meggitt PLC, Aero Tec Laboratories, Inc., TI Automotive Inc., Kautex Textron GmbH & Co. KG, ContiTech AG, The Plastic Omnium Group, YAPP Automotive Parts Co. Ltd, Magam Safety Ltd., Musthane.