Aviation Fuel Management Systems Market: Introduction
- One of the fuel control unit's subsystems is the aviation fuel management system. The fuel management system has the benefit of allowing for accurate fuel calculations based on variables including time, distance, wind speed, and fuel flow as determined by the fuel control unit. Understanding actual data from airplanes and airlines is how fuel management reduces costs and emissions. Fuel management systems provide operators with data at several levels, providing analysts a comprehensive picture of precisely where issues are on a per-flight basis. About 25% of airline expenses are related to fuel, hence OEMs and airline operators are implementing advanced fuel management software to improve efficiency.
- Rise in preference for fuel-efficient aircraft and increase in safety concerns regarding fuel availability during travelling are two major factors that are anticipated to propel the aviation fuel management systems market during the forecast period
Key Drivers of Aviation Fuel Management Systems Market
- Aviation fuel management systems enable users to leverage the benefits of various factors such as ease in monitoring and controlling the inventory for smooth functioning of fuel supply chain. This plays a crucial role in overall profitability of any aviation company, or fuel management is the back bone of any aircraft company to run successfully.
- The market is being driven by elements such as increased energy demand and erratic global fuel prices. The market for fuel management systems is expanding as a result of the desire for accurate monitoring and control of fuel usage with affordable solutions. The efficiency of fuel has been effectively managed by these methods. These factors boost the aviation fuel management systems market.
Challenges in Aviation Fuel Management Systems Market
- The addition of a second tank, which always increases the complexity of any fuel system and the workload for the pilot, is one of the biggest challenges in the market for aviation fuel management systems. A good installation is one in which both tanks feed into a single Y- or T-fitting with both tanks feeding the engine simultaneously. This raises the risk of pilot error and reduces efficiency.
- High cost of installing fuel management system is another challenge for the aviation fuel management systems market. Furthermore, COVID pandemic is affecting almost every sector across the globe. The aviation fuel management systems market is completely dependent on demand and production of aircrafts. The impact of lockdown was felt on production of aircraft, as plants were shut down and raw materials were stuck in inventories, which put an additional economic load on manufacturers as well as domestic and international travelling were affected by this pandemic. All these factors negatively impacted the global market.
Opportunities in Aviation Fuel Management Systems Market
- The fuel management system market is estimated to grow during the forecast period owing to increased adoption of fuel management system in emerging regions, rise in global energy demand, and swift improvements in transportation infrastructure. Use of fuel management systems is anticipated to rise in the aviation sector, and there are numerous advantages to doing so, including enhanced operational efficiency, less theft, increased production, and the possibility to automate processes to lower mistake.
Regional Outlook of Aviation Fuel Management Systems Market
North America is anticipated to dominate the global market for aircraft fuel management systems due to the existence of significant players such as Rockwell Collins and Boeing Co. Widespread usage of aircraft fuel management systems in both military and commercial aircraft in the region is another factor contributing to the expansion of the market. Significant major flight display producers such as Thales Group and Rolls-Royce plc are anticipated to propel the market in Europe at a moderate pace. The market in Asia Pacific is anticipated to significantly during the forecast period. In contrast to India, which is emerging as the fastest-growing market over the same period because to its rapid growth in the commercial aircraft industry, countries such as China and Japan are anticipated to remain the region's significant participants. The Middle East is home to several potential purchasers such as Emirates, Qatar, Etihad, and numerous more rising airlines, which is projected to drive the aircraft fuel management system market during the forecast period.
Key Players Operating in Aviation Fuel Management Systems Market
The global aviation fuel management systems market is moderately consolidated. A few of the key players operating in the global aviation fuel management systems market are:
- The Boeing Company
- General Electric
- Thales Group
- Rolls-Royce plc
- Rockwell Collins
- Skyward
- Woodward, Inc.
- Honeywell Corporations
- Fuel plus
- Fueler Linx
- Open airlines
Global Aviation Fuel Management Systems Market: Research Scope
Global Aviation Fuel Management Systems Market, by Platform Type
- Fixed Wing
- Commercial Aviation
- General Aviation
- Military Aviation
- UAVs
- Rotary Wing
- Commercial Aviation
- Military Aviation
- UAVs
Global Aviation Fuel Management Systems Market, by Technology
- Electronic engine control (EEC)
- Hydro-mechanical
- Full-authority digital engine control (FADEC)
Global Aviation Fuel Management Systems Market, by Application
- Jet Engines
- Piston Engines
- Space Vehicle Engines
Global Aviation Fuel Management Systems Market, by Region
- North America
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Nordic Region
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- ASEAN
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- UAE
- Nigeria
- South Africa
- Rest of Middle East & Africa
