This market research report includes a detailed segmentation of the global commercial aircraft fuel nozzle market by geography and includes regions like the Americas, EMEA, and APAC. The key vendors analyzed in this market study are Advanced Atomization Technologies, Eaton, Parker Hannifin, UTC Aerospace Systems, and Woodward.
Technavio’s market research analysts estimate the global CA fuel nozzle market, to grow at a CAGR of around 3% between 2016 and 2020. Recent increase in aircraft orders, backlogs, and increasing delivery of commercial aircraft (CA) have increased the procurement of fuel nozzles. This growing preference for fuel-efficient commercial aircraft will result in the augmented adoption of fuel nozzles during the forecast period. The Americas dominate the CA fuel nozzle market, and is the most profitable region in the global aviation market. Growing investments in advanced fuel nozzles that enhance the flight’s overall safety will aid in the growth of this market during the predicted period.
“3D printing is one of the latest trends in the market. It enhances the process of development and design of fuel nozzles and other engine components for commercial aircraft, offers design freedom, and lowers production cost and time. The composites used are light, strong, and corrosion-resistant, and can operate at temperatures up to 20% higher than conventionally manufactured engine components. This results in cost-saving, weight reduction, and optimized performance of the fuel nozzles,” says Abhay Singh, Lead Analyst, Aerospace & Defense, Technavio Research
The new market research report from Technavio provides a breakdown and analysis of the fuel nozzle segments by technology.
The rising demand for new-generation aircraft with improved safety standards is expected to fuel the prospects for market growth over the next four years. In 2014, around 17,354 aircraft were operational on a global scale, and the number is expected to increase to 31,781 aircraft by 2034. Also, with the introduction of next-generation engines, aircraft manufacturers have been compelled to focus on fuel efficiency with less carbon dioxide emissions. This change in the vendors’ preference will foster the demand for fuel nozzles during the predicted period.
The leading vendors in the global CA fuel nozzle market include Advanced Atomization Technologies, Eaton, Parker Hannifin, UTC Aerospace Systems, and Woodward. This market is highly competitive as the vendors compete on the basis of cost, product quality, reliability, and aftermarket service. In this market, the vendors that have the capability to offer cost-effective and high-quality fuel nozzles with latest technology and materials will gain a competitive edge over their rivals.
A more detailed analysis is available in the Technavio report, Global CA Fuel Nozzle Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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