Global Aerospace and Defense Fuel Market: Overview
With the growing demand for surveillance aircrafts and pilot training in the military and civil applications, the global aerospace and defense fuel market is anticipated to tread along a healthy growth track over the forthcoming years. Recovery from the economic downturn and the increasing production capacities of the majority of key aircraft manufacturers are also working in favor of the growth of the market. Stringent government regulations and rising concerns regarding carbon emissions are promoting the replacement of older aircrafts with new models that ensure fuel savings and cut down overall emissions. This is likely to augment the market.
This research report provides a comprehensive overview of the various critical aspects of the global aerospace and defense fuel market. It presents a detailed description of the factors, including drivers, restraints, and opportunities, impacting the growth of the market. It offers insights into the statistics pertaining to the market at both regional and global levels. It takes historic and current scenario into account to estimate future trends of the market. It extensively covers Porter’s five force analysis and market attractiveness analysis that are useful in deriving the competitive landscape of the market. It also profiles prominent players in the global aerospace and defense fuel market along with their business strategies, revenue generation, market shares, latest development, and contact information.
Global Aerospace and Defense Fuel Market: Drivers and Restraints
Over the past few, the air traffic worldwide has increased considerably, thanks to the rising disposable income and increasing trade activities across the globe. This has created a strong demand for aerospace fuel, which is propelling the global aerospace and defense fuel market. Moreover, the growing security concerns globally and the changing nature of warfare are encouraging the development of defense aircrafts and unmanned drones. This is poised to trigger the demand for aerospace and defense fuel. The increasing ownership of helicopters and private jets is another factor fuelling the market.
On the other hand, the high prices of oil and jet kerosene are challenging the growth of the market. Furthermore, the cancellations of defense programs along with the delays of major weapon programs are adversely affecting the growth of the aerospace and defense fuel market. However, the rising investments by governments and other organizations in defense programs are likely to augur well for the growth of the market. Emerging countries such as India, Brazil, and China offer ample growth opportunities for the market owing to the growing demand for aircrafts.
Global Aerospace and Defense Fuel Market: Geographical Segmentation
On the basis of geography, the global aerospace and defense fuel market can be categorized into North America, Europe, Asia Pacific, and Rest of the World. Asia Pacific is likely to witness rapid growth during the forecast period owing to the improving economic conditions. Moreover, being the leading demand generator for aircrafts, the region is anticipated to create phenomenal growth opportunities for the overall market. Europe is expected to rise at a sluggish pace; however, there will be strong demand for aerospace and defense fuel from outbound freight and business travel sectors. North America will hold a substantial share in the market throughout the same period, with the U.S. being a major revenue contributor.
Global Aerospace and Defense Fuel Market: Companies Mentioned in the Report
Some of the prominent players in the global aerospace and defense fuel market are Essar Oil Ltd, Hindustan Petroleum Corporation Ltd, Royal Dutch Shell Plc., Kuwait Aviation Fuelling Company, Indian Oil Corporation Ltd, Bahrain Petroleum Company, Bharat Oman Refineries Ltd, Reliance Industries Ltd, and Chennai Petroleum Corporation Ltd.
Major regions analyzed under this research report are:
- North America
- Asia Pacific
- Rest of the World
This report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments