What is the future of Aircraft Fuel Containment Market? Know Covid Impact on Size, Share & Forecasts
June 15, 2020
The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Aircraft Fuel Containment Market.
It was estimated prior to this unanticipated outbreak that the Aircraft Fuel Containment Market will reach a value of US$ 294.6 million in 2024. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
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Aircraft Fuel Containment Market Segment Insights:
By Aircraft Type:
Military aircraft is likely to remain the dominant segment of the market during the forecast period. Both military fixed-wing and rotorcraft are likely to generate sizeable opportunities for the market participants in the coming five years. There is a growing interest among defense communities for the development of efficient fuel containment that substantially mitigates aircraft vulnerability.
By Component Type:
Composite containment is projected to remain the most dominant component type in the aircraft fuel containment market over the next five years. Rubber-coated fabric is the major type of material used in such containments. The demand for flexible fuel bladders is largely driven by the military aircraft segment, which generally has such types of fuel containment. Meggitt, Safran SA, and GKN Aerospace are leading players, supplying fuel bladders.
By Material Type:
Excellent resistance to petroleum fluids and chemicals, superior heat resistance, and high strength-to-weight ratio are some key factors that have led to the mass adoption of rubber-coated fabrics in the aircraft fuel containment market. ContiTech and Colmant Coated Fabrics are leading suppliers of rubber-coated fabrics for aircraft fuel containments.
By Region:
North America is projected to remain the largest market for aircraft fuel containment during the forecast period, largely driven by massive demand from defense organizations such as U.S. Department of Defense (DoD) and Defense Logistics Agency (DLA). Asia-Pacific currently represents a relatively small market opportunity; however, is subjected to grow at a handsome rate in the coming years, largely driven by China. China is projected to add an additional growth propulsion engine to the global demand for fuel containments.
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Based on the research, a proper report is crafted with the following key features:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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