Asia Pacific 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)

Publication Month: Jul 2021 | Report Code: TIPRE00023584 | No. of Pages: 106 | Category: Aerospace and Defense | Status: Published

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The aircraft turbine fuel system market in APAC is expected to grow from US$ 395.74 million in 2021 to US$ 575.84 million by 2028; it is estimated to grow at a CAGR of 5.5% from 2021 to 2028.

Australia, China, India, Japan, and South Korea are major economies in APAC. Exponential growth of aviation industry in China is the major factor driving the APAC aircraft turbine fuel system market.  Since the beginning of the 21st century, the aviation industry has flourished in China. At present, China holds the second-largest aviation market after the US. Boeing, American aircraft giant, in November 2020 announced that Chinese carriers are projected to acquire 8,600 new airplanes over the next 20 years. Also, the country’s commercial jet fleet has expanded sevenfold since 2000, which is ~25% of all aviation growth worldwide over the past decade. According to Carnoc, about 25% of the APAC single-aisle aircraft were procured by Chinese carriers. The incremental growth of the aviation industry in China is attributed to rapid growth in middle-class consumers coupled with robust economic growth and growing urbanization. Further, the Aircraft giants such as Boeing and Airbus have manufacturing assemblies in China, which complements the growth of the aircraft turbine fuel system market. Also, in setback of Boeing 737, two consecutive crash and the announcement of discontinuation of Airbus A320 is projected to complement the adoption of COMAC C919 and C929 aircraft as these are considered the immediate substitute to Boeing 737 and Airbus A320. Meanwhile, the country has the second-largest defense budget across the world after the US, and a significant portion of the defense is allotted to the procurement of advanced military aircraft and upgradation & MRO operations. Thus, all these are bolstering the aviation industry in China, which is projected to create ample growth opportunities for aircraft turbine fuel system market players.      

 

The COVID-19 outbreak has resulted in a massive financial loss to APAC countries. The governments of these countries have been continuously taking possible steps to reduce the intensity of the pandemic by announcing lockdown and rolling out physical distancing measures (post lockdown). China is one of the leading aerospace manufacturing countries in the region and has been one of worst-affected countries in the Q1 and Q2 of 2020. The Airbus and Boeing manufacturing facilities in China were shut down for a longer period, which resulted in substantially low demand for various components and systems, including turbine fuel systems. Similarly, COMAC, China’s indigenous aircraft manufacturer, halted its production of C919 during Q1. India, Japan, and South Korea are still combating the virus. However, the countries have eased the lockdown measures, which is reflecting the resumption of manufacturing facilities. Nonetheless, the remarkable lower volumes of air travel passengers have slowed down the demand for various components among the OEMs regionally and internationally. This has been negatively affecting the aircraft turbine fuel system market in APAC.

 

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the APAC aircraft turbine fuel system market. The APAC aircraft turbine fuel system market is expected to grow at a good CAGR during the forecast period.

 
APAC aircraft turbine fuel system market

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APAC Aircraft Turbine Fuel System Market Segmentation

 

APAC Aircraft Turbine Fuel System Market – By Type

  • Hydromechanical
  • Full Authority Digital Engine Control (FADEC)
  • Hydromechanical/Electronics

APAC Aircraft Turbine Fuel System Market – By Aircraft Type

  • Commercial Aircraft
  • Military Aircraft
  • General Aviation Aircraft

APAC Aircraft Turbine Fuel System Market, by Country

  • Australia
  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC

APAC Aircraft Turbine Fuel System Market - Companies Mentioned

  • Collins Aerospace
  • Eaton Corporation plc
  • Honeywell International Inc.
  • Parker-Hannifin Corporation
  • Safran
  • Triumph Group, Inc.
  • Woodward, Inc.

TABLE OF CONTENTS

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

2.           Key Takeaways

3.           Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           APAC Aircraft Turbine Fuel System Market Landscape

4.1         Market Overview

4.2         Porter’s Five Forces Analysis

4.3         Ecosystem Analysis

5.           APAC Aircraft Turbine Fuel System – Market Dynamics

5.1         Market Drivers

5.1.1        Significantly Growing Aircraft Manufacturing

5.1.2        Aircraft MRO Operation Witnessing Surge

5.2         Market Restraints

5.2.1        Discontinuation of A380 Program and Fall of B737 Max

5.3         Market Opportunities

5.3.1        Exponential Growth of Aviation Industry in China

5.4         Future Trends

5.4.1        More Attention on Use of Lightweight Materials

5.5         Impact Analysis of Drivers and Restraints

6.           Aircraft Turbine Fuel System Market – APAC Market Analysis

6.1         APAC Aircraft Turbine Fuel System Market Overview

6.2         APAC Aircraft Turbine Fuel System Market Revenue Forecast and Analysis

7.           APAC Aircraft Turbine Fuel System Market Revenue and Forecast to 2028 – Type

7.1         Overview

7.2         APAC Aircraft Turbine Fuel System Market, By Type (2020 & 2028)

7.3         Hydromechanical

7.3.1        Overview

7.3.2        Hydromechanical: Aircraft Turbine Fuel System Market Revenue and Forecast to 2028 (US$ Million)

7.4         Full Authority Digital Engine Control (FADEC)

7.4.1        Overview

7.4.2        Full Authority Digital Engine Control (FADEC): Aircraft Turbine Fuel System Market Revenue and Forecast to 2028 (US$ Million)

7.5         Hydromechanical/Electronics

7.5.1        Overview

7.5.2        Hydromechanical/Electronics: Aircraft Turbine Fuel System Market Revenue and Forecast to 2028 (US$ Million)

8.           APAC Aircraft Turbine Fuel System Market Analysis and Forecast to 2028 – Aircraft Type

8.1         Overview

8.2         APAC Aircraft Turbine Fuel System Market, By Aircraft Type (2020 & 2028)

8.3         Commercial Aircraft

8.3.1        Overview

8.3.2        Commercial Aircraft: Aircraft Turbine Fuel System Market Revenue and Forecast to 2028 (US$ Million)

8.4         Military Aircraft

8.4.1        Overview

8.4.2        Military Aircraft: Aircraft Turbine Fuel System Market Revenue and Forecast to 2028 (US$ Million)

8.5         General Aviation Aircraft

8.5.1        Overview

8.5.2        General Aviation Aircraft: Aircraft Turbine Fuel System Market Revenue and Forecast to 2028 (US$ Million)

9.           APAC Aircraft Turbine Fuel System Market – Country Analysis

9.1         Overview

9.1.1        APAC: Aircraft Turbine Fuel System Market, by Key Country

9.1.2        Australia: Aircraft Turbine Fuel System Market – Revenue and Forecast to 2028 (US$ Million)

9.1.2.1          Australia: Aircraft Turbine Fuel System Market, by Type

9.1.2.2          Australia: Aircraft Turbine Fuel System Market, by Aircraft Type

9.1.3        China: Aircraft Turbine Fuel System Market – Revenue and Forecast to 2028 (US$ Million)

9.1.3.1          China: Aircraft Turbine Fuel System Market, by Type

9.1.3.2          China: Aircraft Turbine Fuel System Market, by Aircraft Type

9.1.4        India: Aircraft Turbine Fuel System Market – Revenue and Forecast to 2028 (US$ Million)

9.1.4.1          India: Aircraft Turbine Fuel System Market, by Type

9.1.4.2          India: Aircraft Turbine Fuel System Market, by Aircraft Type

9.1.5        Japan: Aircraft Turbine Fuel System Market – Revenue and Forecast to 2028 (US$ Million)

9.1.5.1          Japan: Aircraft Turbine Fuel System Market, by Type

9.1.5.2          Japan: Aircraft Turbine Fuel System Market, by Aircraft Type

9.1.6        South Korea: Aircraft Turbine Fuel System Market – Revenue and Forecast to 2028 (US$ Million)

9.1.6.1          South Korea: Aircraft Turbine Fuel System Market, by Type

9.1.6.2          South Korea: Aircraft Turbine Fuel System Market, by Aircraft Type

9.1.7        Rest of APAC: Aircraft Turbine Fuel System Market – Revenue and Forecast to 2028 (US$ Million)

9.1.7.1          Rest of APAC: Aircraft Turbine Fuel System Market, by Type

9.1.7.2          Rest of APAC: Aircraft Turbine Fuel System Market, by Aircraft Type

10.        APAC Aircraft Turbine Fuel System Market - COVID-19 Impact Analysis

10.1      APAC: Impact Assessment of COVID-19 Pandemic

11.        Industry Landscape

11.1      Overview

11.2      Market Initiative

11.3      New Product Development

12.        Company Profiles

12.1      Collins Aerospace

12.1.1     Key Facts

12.1.2     Business Description

12.1.3     Products and Services

12.1.4     Financial Overview

12.1.5     SWOT Analysis

12.1.6     Key Developments

12.2      Eaton Corporation plc

12.2.1     Key Facts

12.2.2     Business Description

12.2.3     Products and Services

12.2.4     Financial Overview

12.2.5     SWOT Analysis

12.2.6     Key Developments

12.3      Honeywell International Inc.

12.3.1     Key Facts

12.3.2     Business Description

12.3.3     Products and Services

12.3.4     Financial Overview

12.3.5     SWOT Analysis

12.3.6     Key Developments

12.4      Parker-Hannifin Corporation

12.4.1     Key Facts

12.4.2     Business Description

12.4.3     Products and Services

12.4.4     Financial Overview

12.4.5     SWOT Analysis

12.4.6     Key Developments

12.5      Safran

12.5.1     Key Facts

12.5.2     Business Description

12.5.3     Products and Services

12.5.4     Financial Overview

12.5.5     SWOT Analysis

12.5.6     Key Developments

12.6      Triumph Group, Inc.

12.6.1     Key Facts

12.6.2     Business Description

12.6.3     Products and Services

12.6.4     Financial Overview

12.6.5     SWOT Analysis

12.6.6     Key Developments

12.7      Woodward, Inc.

12.7.1     Key Facts

12.7.2     Business Description

12.7.3     Products and Services

12.7.4     Financial Overview

12.7.5     SWOT Analysis

12.7.6     Key Developments

13.        Appendix

13.1      About The Insight Partners

13.2      Word Index

LIST OF TABLES

Table 1.             APAC Aircraft Turbine Fuel System Market Revenue and Forecast to 2028 (US$ Million)

Table 2.             APAC: Aircraft Turbine Fuel System Market, by Country – Revenue and Forecast to 2028 (US$ Million)

Table 3.             Australia: Aircraft Turbine Fuel System Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 4.             Australia: Aircraft Turbine Fuel System Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Million)

Table 5.             China: Aircraft Turbine Fuel System Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 6.             China: Aircraft Turbine Fuel System Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Million)

Table 7.             India: Aircraft Turbine Fuel System Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 8.             India: Aircraft Turbine Fuel System Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Million)

Table 9.             Japan: Aircraft Turbine Fuel System Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 10.          Japan: Aircraft Turbine Fuel System Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Million)

Table 11.          South Korea: Aircraft Turbine Fuel System Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 12.          South Korea: Aircraft Turbine Fuel System Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Million)

Table 13.          Rest of APAC: Aircraft Turbine Fuel System Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 14.          Rest of APAC: Aircraft Turbine Fuel System Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Million)

Table 15.          List of Abbreviation

LIST OF FIGURES

Figure 1.           APAC Aircraft Turbine Fuel System Market Segmentation

Figure 2.           APAC Aircraft Turbine Fuel System Market Segmentation – By Country

Figure 3.           APAC Aircraft Turbine Fuel System Market Overview

Figure 4.           APAC Aircraft Turbine Fuel System Market, by Type

Figure 5.           APAC Aircraft Turbine Fuel System Market, by Aircraft Type

Figure 6.           APAC Aircraft Turbine Fuel System Market, By Country

Figure 7.           APAC Aircraft Turbine Fuel System Market - Porter’s Five Forces Analysis

Figure 8.           APAC Aircraft Turbine Fuel System Market: Ecosystem Analysis

Figure 9.           APAC Aircraft Turbine Fuel System Market Impact Analysis of Drivers and Restraints

Figure 10.        APAC Aircraft Turbine Fuel System Market Revenue Forecast and Analysis (US$ Million)

Figure 11.        APAC Aircraft Turbine Fuel System Market, by Type (2020 & 2028)

Figure 12.        APAC Hydromechanical: Aircraft Turbine Fuel System Market Revenue and Forecast to 2028 (US$ Million)

Figure 13.        APAC Full Authority Digital Engine Control (FADEC): Aircraft Turbine Fuel System Market Revenue and Forecast to 2028 (US$ Million)

Figure 14.        APAC Hydromechanical/Electronics: Aircraft Turbine Fuel System Market Revenue and Forecast to 2028 (US$ Million)

Figure 15.        APAC Aircraft Turbine Fuel System Market, By Aircraft Type (2020 & 2028)

Figure 16.        APAC Commercial Aircraft: Aircraft Turbine Fuel System Market Revenue and Forecast to 2028 (US$ Million)

Figure 17.        APAC Military Aircraft: Aircraft Turbine Fuel System Market Revenue and Forecast to 2028 (US$ Million)

Figure 18.        APAC General Aviation Aircraft: Aircraft Turbine Fuel System Market Revenue and Forecast to 2028 (US$ Million)

Figure 19.        APAC: Aircraft Turbine Fuel System Market, by Key Country – Revenue 2020 (US$ Million)

Figure 20.        APAC: Aircraft Turbine Fuel System Market Revenue Share, by Key Country (2020 & 2028)

Figure 21.        Australia: Aircraft Turbine Fuel System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 22.        China: Aircraft Turbine Fuel System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 23.        India: Aircraft Turbine Fuel System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24.        Japan: Aircraft Turbine Fuel System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 25.        South Korea: Aircraft Turbine Fuel System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 26.        Rest of APAC: Aircraft Turbine Fuel System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 27.        Impact of COVID-19 Pandemic in APAC Country Markets

  1. Collins Aerospace
  2. Eaton Corporation plc
  3. Honeywell International Inc.
  4. Parker-Hannifin Corporation
  5. Safran
  6. Triumph Group, Inc.
  7. Woodward, Inc.
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC aircraft turbine fuel system market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the APAC aircraft turbine fuel system market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the aircraft turbine fuel system market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
TIPRE00023584
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