Europe Aircraft Turbine Fuel System Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type [Hydromechanical, Full Authority Digital Engine Control, and Hydromechanical/Electronics] and Aircraft Type

Commercial Aircraft Segment to Dominate Europe Aircraft Turbine Fuel System Market during 2020-2028.

According to a new market research study on “Europe Aircraft Turbine Fuel System Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast by Type and Aircraft Type” is expected to reach US$ 1,115.04 million by 2028 from US$ 645.60 million in 2021. The market is estimated to grow at a CAGR of 8.1% from 2021 to 2028. The report provides trends prevailing in the Europe aircraft turbine fuel system market along with the drivers and restraints pertaining to the market growth. Aircraft MRO operation picking up pace is the major factor driving the growth of the Europe aircraft turbine fuel system market. However, crash of B737 Max and halt of A380 Program hinders the growth of Europe aircraft turbine fuel system market.

The Europe aircraft turbine fuel system market is segmented into type and aircraft type. Based on type, the aircraft turbine fuel system market is segmented into hydromechanical, full authority digital engine control (FADEC), and hydromechanical/electronics. The full authority digital engine control (FADEC) segment held the largest share in 2020 based on type. Based on aircraft type, the Europe aircraft turbine fuel system market is segmented as commercial aircraft, military aircraft, and general aviation aircraft. The commercial aircraft segment held the largest share in 2020.

European countries have been experiencing a continuous surge in the COVID-19 cases. The European aviation industry is composed of aircraft OEMs, component suppliers, airlines, and MRO service providers. The outbreak has affected each aviation business stakeholders' business in the region. Several airlines in the region have postponed the pending aircraft fleet's procurement dates to manage their current operational costs. The aircraft OEMs and component suppliers are suffering economic losses due to this move of the airlines. Airbus, a forerunner in terms of aircraft production volume, delivered 566 aircraft in 2020, compared to 863 aircraft in 2019. Apart from Airbus, other aircraft OEMs such as Dassault Aviation, Leonardo, Sukhoi, Tupolev, and Ilyushin, among others, also faced severe challenge in delivering substantial number of aircraft models to respective customers. This has lowered the demand for aircraft turbine fuel systems in Europe. France, Italy, the UK, and Russia are among the European countries that have a greater number of aircraft manufacturers; they are also among the severely hit countries by the pandemic.

Collins Aerospace; Eaton Corporation plc; Honeywell International Inc.; Jihostroj a.s.; Mascott Equipment Co.; Parker-Hannifin Corporation; Safran; Silver Atena GmbH; and Triumph Group, Inc. are among the leading companies in the Europe aircraft turbine fuel system market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, Woodward, Inc. had formed a 50-50 joint venture with GE Aviation to develop large engine fuel systems for GE’s commercial aircraft portfolio. The joint venture expects to design, develop, source, supply, and service fuel system components, including the inlet and fuel nozzle for GE’s high-thrust engines such as GE90, GEnx, GE9X, and all large commercial engines to be developed by GE Aviation in the future.

The report segments the Europe Aircraft Turbine Fuel System Market follows:

Europe Aircraft Turbine Fuel System Market - By Type

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

Europe Aircraft Turbine Fuel System Market - By Aircraft Type

• Commercial Aircraft
• Military Aircraft
• General Aviation Aircraft

Europe Aircraft Turbine Fuel System Market - By Country

• France
• Germany
• Italy
• UK
• Russia
• Rest of Europe

Reasons to buy:

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• The key findings and recommendations highlight crucial progressive industry trends in the Europe 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 Europe market trends and outlook coupled with the factors driving the aircraft turbine fuel system market, as well as those hindering it
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