Aircraft Fuel Tanks Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The market is segmented by Type (Internal, External), Application (Commercial Aircraft, Military Aircraft, General Aviation Aircraft, UAVs), and Geography.

Market Snapshot

aircraft fuel tanks market overview
Study Period: 2018-2027
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: >3 %
aircraft fuel tanks market major players

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Market Overview

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.
  • Lightweight fuel tanks are being manufactured with composite materials, which reduce the weight of the aircraft, thereby offering fuel savings to the operators. 
  • The market is expected to show accelerated growth in the Asia-Pacific region, due to the presence of countries like China, India, Indonesia, etc., which are investing huge amounts in the aviation sector.

Scope of the Report

The UAV segmentation covers both the commercial and military UAVs which are engine-powered and have fuel tanks aboard the UAV. Helicopters are not included in the study. Further, the report includes the following aspects:

Commercial Aircraft
Military Aircraft
General Aviation Aircraft
North America
United States
United Kingdom
Rest of Europe
South Korea
Rest of Asia-Pacific
Latin America
Rest of Latin America
Middle-East and Africa
United Arab Emirates
Saudi Arabia
Rest of Middle-East and Africa

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Key Market Trends

Internal Tanks Segment is Estimated to account for the Highest Market Share in 2019

Internal fuel tanks are found in almost every type of commercial and general aviation aircraft. The deliveries and production rate of the commercial and general aviation aircraft, which have these tanks pre-installed in them, are high. More than 4000 commercial and general aviation aircraft are delivered in 2018 and the numbers are expected to be higher for the year 2019 by the year-end. All these aircraft use internal fuel tanks, and compared to the external fuel tanks, the volumes are a lot more. Even in military aircraft, most of the aircraft like the tanker and transport aircraft come equipped with mandatory internal fuel tanks while the external fuel tanks are sometimes installed on those aircraft as an option. Thus, with higher installation volumes, the internal fuel tank segment is projected to lead the market during the forecast period.

aircraft fuel tanks market trends

The Market in Asia-Pacific Region is Expected to Grow with the Highest CAGR in the Years to Come

Due to the presence of many countries with large and fast-growing aviation sectors, Asia-Pacific is poised to be the fastest-growing market for aircraft fuel tanks in the world. The region comprises of countries like China and India, which are projected to become the largest aviation markets before 2030. In the commercial sector, with the growth in passenger traffic being faster than ever, airlines in these two countries are procuring commercial aircraft on a large scale, thereby generating demand for the parts and components of the aircraft like the fuel tanks. The demand for new aircraft that are being produced by the manufacturers present in this region, like the C919, CR929, Mitsubishi SpaceJet, is from the region itself. For instance, currently, COMAC has more than 1,000 orders for its C919 aircraft from Chinese airlines and lessors. Due to the procurement of these aircraft, the demand for fuel tanks is expected to escalate further from the region. Even in the military segment, many new aircraft are expected to enter the service in the region, driven by the growth in military spending in the wake of several geopolitical issues surrounding the countries in the region. All these factors are expected to make the market in the region grow with the highest CAGR during the forecast period.

aircraft fuel tanks market share

Competitive Landscape

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. However, to increase the range of the existing aircraft models, manufacturers are also working to develop innovative designs for the existing fuel tanks to accommodate the extra fuel storage. Though there is less scope for innovation in the market, there is a growing emphasis on the weight reduction of the aircraft, and the players can find this as an opportunity to produce lightweight fuel tanks, thereby gaining new contracts to expand their market reach.

Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry


    1. 5.1 Type

      1. 5.1.1 Internal

      2. 5.1.2 External

    2. 5.2 Application

      1. 5.2.1 Commercial Aircraft

      2. 5.2.2 Military Aircraft

      3. 5.2.3 General Aviation Aircraft

      4. 5.2.4 UAVs

    3. 5.3 Geography

      1. 5.3.1 North America

        1. United States

        2. Canada

      2. 5.3.2 Europe

        1. United Kingdom

        2. Germany

        3. France

        4. Italy

        5. Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. China

        2. Japan

        3. India

        4. South Korea

        5. Rest of Asia-Pacific

      4. 5.3.4 Latin America

        1. Mexico

        2. Brazil

        3. Rest of Latin America

      5. 5.3.5 Middle-East and Africa

        1. United Arab Emirates

        2. Saudi Arabia

        3. Egypt

        4. Rest of Middle-East and Africa


    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 Meggitt PLC

      2. 6.2.2 Cobham plc

      3. 6.2.3 Safran SA

      4. 6.2.4 GKN Aerospace (Melrose Industries)

      5. 6.2.5 Robertson Fuel Systems LLC

      6. 6.2.6 Aero Tec Laboratories Ltd

      7. 6.2.7 Elbit Systems Ltd.

      8. 6.2.8 General Dynamics Corporation

      9. 6.2.9 Marshall Aerospace and Defence Group

      10. 6.2.10 Applied Aerospace Structures Corporation

      11. 6.2.11 Avcorp Industries Inc.


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Frequently Asked Questions

The Aircraft Fuel Tanks Market market is studied from 2018 - 2026.

The Aircraft Fuel Tanks Market is growing at a CAGR of >3% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Meggitt PLC, Cobham plc, Safran SA, GKN Aerospace (Melrose Industries), Robertson Fuel Systems, LLC are the major companies operating in Aircraft Fuel Tanks Market.

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