Aircraft fuel tanks market expected to increase 3%

Research and Markets has announced it has added The Aircraft Fuel Tanks Market – Growth, Trends, and Forecast (2020 – 2025) report has been added to ResearchAndMarkets.com´s offering, the company said.

The aircraft fuel tanks market is expected to witness a CAGR of over 3% during the forecast period

Increasing production rates of aircraft, especially in the commercial sector, is the main growth driver for the market.

Internal tanks segment is estimated to account for the highest market share in 2019

The Asia-Pacific market The Market in Asia-Pacific Region is Expected to Grow with the highest CAGR in the years to come.

Meggitt PLC, Cobham plc., Safran S.A., GKN Aerospace, and Robertson Fuel Systems LLC are some of the prominent players in the market. With aircraft designs changing every decade, especially in the military, the fuel tank manufacturers also need to upgrade their offerings to the aircraft OEMs, to stay in the competition. The growing demand for long-range aircraft models is necessitating the demand for fuel tanks that have higher capacities.

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