Market Share of Aircraft Fuel Systems Industry
Eaton Corporation plc, Parker Hannifin Corp., Woodward, Inc., Collins Aerospace (Raytheon Technologies Corporation), and Triumph Group are some of the major players in the market. Prominent players are expanding in the market, either by acquisitions or joint ventures. For instance, in June 2021, Eaton completed the acquisition of Cobham Mission Systems, a provider of air-to-air refueling systems, fuel tank inserting systems, and other products for the military aircraft defense market. Likewise, Parker Hannifin Corp. is in the process of acquiring Meggit Plc for USD 8.8 billion. With this acquisition, the company expects to improve its product offerings for aircraft engine and fuel thermal management solutions across various models of aircraft. Such acquisitions are aimed at strengthening the presence and foothold of the players in the market. Furthermore, the advent of lightweight materials and electric architecture is making the players focus on the development of new types of fuel systems.
Aircraft Fuel Systems Market Leaders
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Parker Hannifin Corp.
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Woodward Inc.
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Triumph Group
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Collins Aerospace (Raytheon Technologies Corporation)
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Eaton Corporation plc
*Disclaimer: Major Players sorted in no particular order
