Stratview Research has published a new report titled “Aircraft Fuel Containment Market” which is segmented by Aircraft Type (Military Aircraft and Civil Aircraft), by System Type (Rotorcraft System and Fixed Wing System), by Component Type (Composite Containment and Flexible Fuel Bladder), by Material Type (Rubber Coated Fabric, Polyurethane and Others), by Containment Type (Self Sealing/Ballistic Resistant/Crash Resistant Bladder, Fuel Bladder and Fuel Tank), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
As per the study, the market is extrapolated to continue in the coming five years to reach a value of US$ 294.6 million in 2024.
Report Highlights
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It provides thorough analysis of the market segments which include products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
By Aircraft Type
The market is segmented based on the aircraft type as military aircraft and civil aircraft. Military aircraft is likely to remain the dominant segment of the market during the forecast period. Both military fixed-wing and rotorcraft are likely to generate sizeable opportunities for the market participants in the coming five years. There is a growing interest among defense communities for the development of efficient fuel containment that substantially mitigates aircraft vulnerability.
By Component Type
The market is segmented as composite containment and flexible fuel bladder. Composite containment is projected to remain the most dominant component type in the aircraft fuel containment market over the next five years. Rubber-coated fabric is the major type of material used in such containments. The demand for flexible fuel bladders is largely driven by the military aircraft segment, which generally has such types of fuel containment. Meggitt, Safran SA, and GKN Aerospace are leading players, supplying fuel bladders.
By Material Type
The market is segmented as rubber-coated fabric, polyurethane-coated fabrics, and others. Excellent resistance to petroleum fluids and chemicals, superior heat resistance, and high strength-to-weight ratio are some key factors that have led to the mass adoption of rubber-coated fabrics in the aircraft fuel containment market. ContiTech and Colmant Coated Fabrics are leading suppliers of rubber-coated fabrics for aircraft fuel containments.
Which Region is expected to remain the largest market?
North America is projected to remain the largest market for aircraft fuel containment during the forecast period, largely driven by massive demand from defense organizations such as U.S. Department of Defense (DoD) and Defense Logistics Agency (DLA). Asia-Pacific currently represents a relatively small market opportunity; however, is subjected to grow at a handsome rate in the coming years, largely driven by China. China is projected to add an additional growth propulsion engine to the global demand for fuel containments.
Who are the Key Players in the Market?
This report provides market intelligence in the most comprehensive way. It also provides critical insights into the key players active in the market, that will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players activen in the Aircraft Fuel Containment Market:
Meggitt PLC
Safran SA
GKN Aerospace
Marshall Aerospace
Amfuel
Floats & Fuel Cell Inc.
Key questions answered by the report:
What is the projected CAGR for revenue from the Aircraft Fuel Containment Market during the forecast period?
What would be the market be valued at by 2024?
What is a major driving factor for growth of the market?
Which region accounted for largest revenue share in the Aircraft Fuel Containment Market?
Which are the major market players?
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