Aerospace Fuel Inerting System Market was valued at USD 2.50 Billion in 2022 and is projected to reach USD 4.10 Billion by 2030, growing at a CAGR of 7.20% from 2024 to 2030.
The Aerospace Fuel Inerting System (AFIS) market was valued at approximately USD 2.5 billion in 2022. This market is expected to grow at a compound annual growth rate (CAGR) of around 6.8% from 2023 to 2030. The growth is driven by increasing advancements in aircraft safety and the rising demand for fuel-efficient technologies. Enhanced regulatory frameworks and growing awareness regarding aircraft safety standards are contributing to this market's expansion. The aviation industry's continuous emphasis on reducing operational costs and improving safety protocols further fuels the demand for innovative fuel inerting systems.
Opportunities in the Aerospace Fuel Inerting System market are increasingly emerging as technological advancements and investments in research and development continue to evolve. The integration of AI and IoT technologies within fuel inerting systems presents significant opportunities for market growth. Additionally, the expansion of the aerospace industry in emerging markets, coupled with a rising number of aircraft deliveries, is likely to boost the demand for advanced fuel inerting systems. The development of eco-friendly and more efficient systems is also expected to open new avenues for market participants, driving future growth and innovation in the sector.
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Parker Hannifin
Eaton
Collins Aerospace
Honeywell Aerospace
Cobham
Zodiac Aerospace (Safran)
Porvair Filtration Group
Air Liquide
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Aerospace Fuel Inerting System Market
Military Aircraft
Commercial Aircraft
Others
Based on Types the Market is categorized into Below types that held the largest Aerospace Fuel Inerting System market share In 2023.
Air Separation Module (ASM)
Inerting Controller
On-Board Inert Gas Generating System (OBIGGS)
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Aerospace Fuel Inerting System Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Aerospace Fuel Inerting System Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Aerospace Fuel Inerting System Market, By Type
6. Global Aerospace Fuel Inerting System Market, By Application
7. Global Aerospace Fuel Inerting System Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Aerospace Fuel Inerting System Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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