The Aircraft Fuel Nozzle Market Is Estimated To Register A CAGR Of Nearly 4% During The Forecast Period Of 2018 To 2023.
Global Aircraft Fuel Nozzle Market Highlights
The global aircraft fuel nozzle market has been segmented based on nozzle type, aircraft type, injection mechanism, vendor and region.
Based on nozzle type, the aircraft fuel nozzle market is divided into simplex fuel nozzle and duplex fuel nozzle. The duplex fuel nozzle segment is estimated to account for the largest market share and is projected to witness the highest CAGR during the forecast period. The duplex fuel nozzle configuration has a flow divider and it offers a desirable spray pattern for combustion over a wide range of operating pressures.
Based on aircraft type, the aircraft fuel nozzle market is divided into civil and military aircraft. The civil aircraft segment is estimated to account for the largest market share and is projected to witness a higher CAGR during the forecast period. Meanwhile, rising defense spending especially in developing countries and focus on procuring military aircraft to enhance combat capabilities is positively impacting the demand for aircraft fuel nozzle in military aircraft.
Based on region, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. In 2017, North America accounted for the largest market share, whereas, Asia-Pacific is projected to be the fastest-growing regional market during the review period. This growth can be attributed to the increasing demand for both combat and commercial aircraft in countries such as China, and India.
Global Aircraft Fuel Nozzle Market Key Players
The key players in the global aircraft fuel nozzle market are Advanced Atomization Technologies (JV between Parker Aerospace & GE Aviation (US)), Avstar Fuel Systems, Inc. (US), Axian Technology, Inc. (US), Collins Aerospace (part of United Technologies Corporation (US)), GE Aviation (a part General Electric Company (US)), General Aviation Modifications, Inc. (US), Kelly Aerospace Inc. (US), Parker Hannifin Corporation (US), Precision Airmotive LLC (US) and Woodward, Inc. (US).
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