[FURL=https://www.industryarc.com/Report/18924/fuel-tank-inerting-&-fuel-systems-market?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Fuel Tank Inerting and Fuel Systems Market[/FURL] is forecast to reach $13.6 billion by 2026, growing at a CAGR 6.2% from 2021 to 2026. Fuel tank inerting system, also known as flammability reduction system, is a part in the fuel system that protects the fuel tank against fire and explosion by maintaining an inert state within the tank's space. The rising incidence of aircraft fires and fuel tank explosions combined with tight implementation of Federal Aviation Administration (FAA) regulations is leading industry players to integrate new technology to provide safer and more effective fuel systems.Key Takeaways
The increasing incidence of aircraft fires and fuel tank explosions combined with tight implementation of Federal Aviation Administration (FAA) regulations leads industry players to integrate new technology to deliver safer and more efficient fuel systems.
Due to its low cost and high durability, the increasing adoption of hollow fiber membrane in aircraft drives fuel systems and membrane filters in aircraft fuel tanks.
Increasing FTIS applications in Unmanned Aerial Vehicles (UAVs) with increasing trend for UAVs in the military and commercial sectors is providing opportunities for inerting systems for fuel tanks during the forecast era.
Due to high investment in the adoption of air separation devices, APAC dominates the Fuel Tank Inerting Systems market, driven by increased production and aircraft deliveries in the region.
The growing trend for light weight aircraft and the adoption of light weight advanced materials in aircraft production for better fuel efficiency has created opportunities for inerting fuel tank systems.
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Fuel Tank Inerting and Fuel Systems Market Segment Analysis - By Geography
APAC currently dominates the global Fuel Tank Inerting and Fuel Systems Market with a share of more than 36.2%. Increasing commercial aircraft fleets, indigenous commercial and regional aircraft production, the establishment of assembly plants in China by major commercial aircraft manufacturers such as Boeing and Airbus, and an increase in the defense budgets of countries
Fuel Tank Inerting and Fuel Systems Market Drivers
The growing trend for lightweight aircrafts
Stringent regulations on fuel efficiency and incorporation of advanced technology
Fuel Tank Inerting and Fuel Systems Market Landscape
Fuel Tank Inerting and Fuel Systems Market is expected to be dominated by major companies such as Eaton, Parker Hannifin, Woodward, Honeywell, Meggitt, GKN Aerospace, UTC, Crane Co., Triumph Group, Cobham mission systems.
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