Global Aerospace and Defense (A&D) Fuel Market: Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast – 2028
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“Global Aerospace and Defense (A&D) Fuel Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global aerospace and defense (A&D) fuel market report has been segmented on the basis of product type, source, distribution channel, and region.
Global Aerospace and Defense (A&D) Fuel Market: Overview
Fuel plays an important role in aerospace and defense industry. Aerospace and defense fuel is available in various types such as, avgas, avtur, rocket propellants, aviation biofuel etc.
Global Aerospace and Defense (A&D) Fuel Market: Dynamics
Increasing number of passengers owing to low fares facilities and availability of low cost carriers are major factors driving growth of the global aerospace and defense (A&D) fuel market. Aerospace market have various low-cost airlines such as Interject, Indigo, Jet Star Airways, AirAsia India etc.
Growing demand for eco-friendly and high density fuels such as, CNG, biofuels, and LNG is another key factor expected to fuel growth of the global aerospace and defense (A&D) fuel market during the forecast period.
Furthermore, rapidly increasing demand for piolet training in military and civil application, and surveillance aircraft is also expected to proliferate growth of the target market in the next 10 years.
However, high cost of aerospace and defense fuels i.e. jet kerosene as compared to conventional fuel is a major factor which may restrain growth of the global market over the forecast period.
Global Aerospace and Defense (A&D) Fuel Market: Segment Analysis
Among the product type, the avgas segment is expected to account for highest growth in the global Aerospace and Defense (A&D) Fuel market, as AVGAS is more efficient and much clear than pump gas.
Among the application, the surveillance aircrafts segment is expected to account for highest growth in the global Aerospace and Defense (A&D) Fuel market, owing to increasing aviation transportation sector across the globe.
Global Aerospace and Defense (A&D) Fuel Market: Region Analysis
The market in North America accounted for highest revenue share and is expected to dominate the target market over the forecast period. This is attributed to increasing trend towards business class travel sector among individuals in countries such as Canada and US in the region.
Market in Asia Pacific is expected to register significant growth in the global market followed by market in Europe, owing to increasing airlines expansion among countries such as China, India, France, and UK in these regions.
Latin America and Middle East & Africa Markets are expected to witness moderate growth in terms of revenue, owing to rapidly increasing airlines and traveling sectors in countries in these regions.
Global Aerospace and Defense (A&D) Fuel Market Segmentation:
Segmentation by Product Type:
- Rocket Propellants
- Aviation Biofuel
Segmentation by Application:
- Surveillance Aircrafts
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Kuwait Aviation Fueling Co.
- Chennai Petroluem Corp. Ltd.
- Royal Dutch Shell Plc.
- Reliance Industries Ltd.
- Essar Oil Ltd.
- Hindustan Petroleum Corp. Ltd.
- Indian Oil Corporation Ltd.
- Bharat Oman Refineries Ltd.
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