Aircraft Fuel Tanks Market expands with rising production of aircraft

Market Overview:
The global aircraft fuel tank market is expected to experience a CAGR of more than 3% during the forecast period.An aircraft fuel tank is a safe container for the storage of fuel or flammable fluids. The term "aircraft fuel tank" is typically applied to a part of an aircraft engine system in which fuel is stored and propelled or released in an engine. Aircraft fuel tanks differ in terms of size and complexity, ranging from the small plastic tank to the multi-chamber ones. These tanks are usually integrated into the wings of the aircraft, this location allows to reduce the stress on the wings during take-off and flight.

Recent Developments:
GKN Aerospace published about the introduction of a 'one-stop' repair service for fixed wing and flexible rotary wing fuel tanks, which can limit the repair times regularly encountered by operators in the UK and Europe.
https://www.gknaerospace.com/en/newsroom/news-releases/2011/gkn-aerospace-launches-uk-based-one-stop-shop-for-aircraft-fuel-tank-repair/

Market Drivers and Restraints:
The boom in aircraft production around the world, the demand for research and development in the material of the fuel tank of aircraft to optimize its resistance and reduce the weight of the aircraft to increase its efficiency. The rapid improvement of fuel tanks in old or existing aircraft are the drivers of the global market for aircraft fuel tanks. However, strict standards and guidelines from regulatory authorities and high manufacturing costs are hampering market growth. In contrast, the increasing size of the military and commercial aircraft fleet is expected to contribute to the growth of the global aircraft fuel tank market.

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Report is segmented as:

By Type:
• External
o Conformal Tanks
o Drop Tanks

• Internal
o Integral Tanks
o Rigid Removable Tanks
o Bladder Tanks
o Tip Tanks
o Auxiliary Tanks

By End-use:
• Aftermarket
o Parts Replacement
o MRO
• OEM

By Platform:
• Commercial Aviation
o Commercial Aircraft
o General & Business Aircraft
o Helicopters

• Military Aviation
o Fixed-wing Aircraft
o Helicopters
o Unmanned Aerial Vehicles (UAVs)

By Material:
• Carbon-based Composites
• Metallic Alloys
• Hybrid
• Polymers

Geographical segmentation:
On the basis of geography, this global market is segregated into regions namely Asia Pacific, Latin America, North America, Europe, the Middle East and Africa. Among these regions, Asia-pacific is forecasted to become the fastest growing market in future.

Key market players:
Some of the significant players in the global aircraft fuel tanksmarket are Meggitt PLC (UK), Cobham plc (UK), Safran S.A. (France), GKN Aerospace (UK), Robertson Fuel Systems LLC (US), Aero Tec Laboratories, Inc. (US), Elbit Systems – Cyclone Ltd. (Israel), General Dynamics Corporation (UK), and Marshall Aerospace and Defence Group (UK).

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Scope of the report:
The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated.
The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.

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