Asia Pacific 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

Military Aircraft Segment to Dominate APAC Aircraft Turbine Fuel System Market during 2020-2028.

According to a new market research study on “APAC 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$ 575.84 million by 2028 from US$ 395.74 million in 2021. The market is estimated to grow at a CAGR of 5.5% from 2021 to 2028. The report provides trends prevailing in the APAC aircraft turbine fuel system market along with the drivers and restraints pertaining to the market growth. Exponential growth of aviation industry in China is the major factor driving the growth of the APAC aircraft turbine fuel system market. However, discontinuation of A380 program and fall of B737 Max hinders the growth of APAC aircraft turbine fuel system market.

The APAC 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 APAC aircraft turbine fuel system market is segmented as commercial aircraft, military aircraft, and general aviation aircraft. The military aircraft segment held the largest share in 2020.

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.

Collins Aerospace; Eaton Corporation plc; Honeywell International Inc.; Parker-Hannifin Corporation; Safran; Triumph Group, Inc.; and Woodward, Inc. are among the leading companies in the APAC 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, in 2021. Honeywell International Inc. announced the development of a turbogenerator for hybrid-electric aircraft. The new turbogenerator will run on jet fuel, diesel, and sustainable fuel alternatives.

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

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

Reasons to buy:

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• 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