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South America 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

South America 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

  • July 2021
  • 86 pages
  • ID: 6134775
  • Format: PDF
  • The Insight Partners

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The aircraft turbine fuel system market in SAM is expected to grow from US$ 223.17 million in 2021 to US$ 300.73 million by 2028; it is estimated to grow at a CAGR of 4.4% from 2021 to 2028. With the rise in the commercial and military aircraft manufacturing activities, spending on the manufacturing, repair, and overhaul (MRO) operations for military and commercial aircraft has risen significantly. The contract includes periodic inspection, defect rectification, overhaul, replacement, and embodiment of modification of aircraft for continuous airworthiness of an aircraft and its parts. Thus, periodic servicing and replacement of aircraft turbine fuel systems for the optimal functioning of aircraft—supported by the rise in spending on MRO activities—is fueling the demand for aircraft turbine fuel systems in SAM. Additionally, rising aircraft manufacturing is fueling the demand for aircraft turbine fuel systems in the region.
Based on aircraft type, the SAM aircraft turbine fuel system market is segmented as commercial aircraft, military aircraft, and general aviation aircraft.The commercial aircraft segment held the largest share in 2020.

The sheer volume or fleet size of airliners in major regions have led toward a huge market share in the aircraft turbine fuel system market.Various developing countries.

The rise in air travel over the years is due to increase in disposable income among the middle class and upper middle class across the world.Meanwhile, reduction in travel time and increase in comfort ability are acting as growth factors for commercial aviation.

Thus, the growth in commercial aviation is pressurizing the aircraft manufacturers to increase respective production volumes, which in turn demands higher volumes of fuel systems. This parameter is expected to drive the aircraft turbine fuel system market over the years.
Brazil has reported the highest number of COVID-19 cases in SAM, followed by Peru, Chile, Colombia, and Ecuador, among others.Governments of countries in the region have taken actions to protect their citizens and contain COVID-19 spread.

In SAM, Brazil is the largest spender in the aerospace industry; moreover, it is the only modern aircraft manufacturing country in the region.Thus, the country generates high demand for aircraft-related components, and systems and technologies.

In addition, most of the components are imported from the US, China, and European countries.The slowdown in commercial and military aircraft production in the country has impaired the supply chain in Brazil.

This has weakened the demand for components such as turbine fuel systems. Thus, the COVID-19 outbreak has been limiting the SAM aircraft turbine fuel system market, especially in Brazil.
The overall North America aircraft turbine fuel system market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.

The process also serves the purpose of obtaining an overview and forecast for the North America aircraft turbine fuel system market with respect to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants to validate the data, as well as to gain more analytical insights into the topic.

The participants typically involved in the process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers—along with external consultants such as valuation experts, research analysts, and key opinion leaders—specializing in the North America aircraft turbine fuel system market. Collins Aerospace; Eaton Corporation plc; Honeywell International Inc.; Parker-Hannifin Corporation; Safran; and Woodward, Inc. are among the key players operating in the SAM aircraft turbine fuel system market.

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