Fuel tank inerting system, also known as flammability reduction system, is a component in the fuel system that protects against fire and explosion in the fuel tank by developing an inert condition within the ullage space of the fuel tank. It is achieved by supplying inert gas, mostly nitrogen, to displace the oxygen in that ullage space of the tank. The odds of fuel tank fire or explosion is high during aircraft refueling in the ground and in-flight. In the case of aircraft refueling, ground-based systems are used for the supply of inert gas to the aircraft when an aircraft is an inactive mode.
MARKET SCOPE
The "Global Aircraft Fuel Tank Inerting System Market Analysis to 2028" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of the aircraft fuel tank inerting system market with detailed market segmentation by platform type, method type, component and geography. The report provides key statistics on the market status of the leading aircraft fuel tank inerting system market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
1. Based on platform type, the global aircraft fuel tank inerting system market is segmented into commercial aircraft, military aircraft
- On the basis of method type, the market is segmented gas supply, ullage washing, fuel scrubbing
- On the basis of component, the market is segmented sensors, valves, heat exchanger, others
MARKET DYNAMICS
Drivers:
- Increasing aircraft deliveries fuelled by rising passenger traffic, the introduction of variants of existing programs, increasing the production rate of key aircraft programs, and expanding fleet size are the major factors driving the growth of fuel tank inerting systems in the aerospace industry.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The aircraft fuel tank inerting system market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive porter's five forces analysis highlighting factors affecting the aircraft fuel tank inerting system market in these regions.
IMPACT OF COVID-19 ON AIRCRAFT FUEL TANK INERTING SYSTEM MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the aircraft fuel tank inerting system market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from aircraft fuel tank inerting system market are anticipated to lucrative growth opportunities in the future with the rising demand for aircraft fuel tank inerting system in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the aircraft fuel tank inerting system market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Eaton
- Parker Aerospace
- Collins Aerospace (Raytheon Technologies Corporation)
- Honeywell International Inc.
- Meggitt PLC
- Cobham Mission Systems
- Porvair Filtration Group
- Valcor Engineering Corporation
- Safran
- GKN Aerospace Services Limited