Aerial Refueling Systems Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Aerial Refueling Systems Market
The aerial refueling systems market size was valued at USD 535.8 million in 2020, and the market is now projected to grow from USD 545.4 million in 2021 to USD 743.8 million by 2028, exhibiting a CAGR of 4.53% during the forecast period of 2021-2028.
The COVID-19 pandemic has spread across 200 nations around the world and has mostly interrupted the economy around the world. The defence segment endured steady in preceding years because many countries motivated on firming their military and defence abilities among the pandemic. Major countries have augmented their expenses on military defence, which prohibited an adverse influence on the segment.
The growing number of elderly combat aircraft in many nations fuels the demand for new-generation warfare aircraft across the orb due to outdated technology and limited warfare systems. Consequently, old aircraft transmit the risk of severe injury and the pilot's threat while in combat missions. Numerous nations are financing deeply to update fleet size with the latest technology for future-ready.
Numerous companies are motivated on augmenting tanker aircraft to aid numerous military planes such as bombers, fighter jets, and unmanned systems. Aerial refueling systems have endured a significant focused area for improvement for the past few years. There are a few concerns in the zone of distantly functioned refueling systems from the back of tankers. Consequently, the autonomous refueling system concept is achieving considerable attention through the world due to the brilliant unmanned system tankers available. The improvement of autonomous planes such as the next-generation unmanned system can be future-ready for several military uses. Incorporation of this technology is expected to fuel the aerial refueling systems market growth in the upcoming years.
Comprehensive Analysis of Aerial Refueling Systems Market
The market can be segmented in various ways, depending on the focus of analysis such as by product, by application and by distribution channel. Based on components, the market is segmented into pods, refueling probes, hoses, boom, and drogues. Based on the system, the market is classified into probe & drogue, flying boom, and autonomous. Based on the application, the aerial refueling system market is divided into commercial aircraft, helicopters, military aircraft, and unmanned aerial vehicles (UAV).
North Amrica region is dominating the aerial refueling systems market share due to high defence expenditure, obtaining of progressive aerial refueling systems for diverse military uses.
The key players are enthusiastically contributing in planned events that are targeted at maintaining durable market position and growing market share by merger, partnerships and others. These players include Airbus S.A.S (Netherlands), Cobham Plc (UK), GE Aviation (U.S.), Lockheed Martin Corporation (U.S.), Boeing (The U.S.), Eaton Corporation (The U.S.), Safran S.A. (France), Israel Aerospace Industries (Israel), Marshall Aerospace & Defence Group (The UK), Parker Hannifin (The U.S.) these market players spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market.
In February 2021, The Israeli ministerial committee provided clearance for the finding of F-35 jets with munitions and KC refueling aircraft from the U.S. The deal embraces the gaining of four new refueling planes for augmenting the air force fleet size.
Segmentation Table
ATTRIBUTE
DETAILS
Study Period
2017-2028
Base Year
2020
Forecast Period
2021-2028
Historical Period
2017-2019
Unit
Value (USD Million)
Segmentation
System; Application; Components and Geography
By System
Probe & Drogue
Flying Boom
Autonomous.
By Application
Commercial Aircraft
Helicopters
Military Aircraft
Unmanned Aerial Vehicles (UAV)
By Components
Pods
Refueling Probes
Hoses
Boom
Drogues
By Geography
North America (By System; Application; Components, and Country)
- The U.S. (By System)
- Canada (By System)
- The U.K. (By System)
- Germany (By System)
- France (By System)
- Russia (By System)
- Rest of Europe (By System)
- China (By System)
- India (By System)
- Japan (By System)
- Australia (By System)
- Rest of Asia-Pacific (By System)
- The Middle East & Africa (By System)
- Latin America (By System )
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Industry Developments – Key Contracts & Agreements, Mergers, Acquisitions and Partnerships
- 4.2. Latest technological Advancements
- 4.3. Porters Five Forces Analysis
- 4.4. Supply Chain Analysis
- 5. Quantitative Insights-Impact of COVID-19 Pandemic on Global Aerial Refueling Systems Market
- 5.1. Impact of COVID-19 Pandemic on Global Aerial Refueling Systems Market
- 5.2. Steps Taken by Industry/Companies/Government to Overcome the Impact
- 5.3. Key Development in the industry in Response to COVID-19 Pandemic
- 5.4. Potential Opportunities due to COVID-19 Outbreak
- 6. Global Aerial Refueling Systems Market Analysis, Insights and Forecast, 2017-2028
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By System
- 6.2.1. Probe & Drogue
- 6.2.2. Flying Boom
- 6.2.3. Autonomous
- 6.3. Market Analysis, Insights and Forecast – By Application
- 6.3.1. Commercial Aircraft
- 6.3.2. Helicopters
- 6.3.3. Military Aircraft
- 6.3.4. Unmanned Aerial Vehicles (UAV)
- 6.4. Market Analysis, Insights and Forecast – By Components
- 6.4.1. Pods
- 6.4.2. Refueling Probes
- 6.4.3. Hoses
- 6.4.4. Boom
- 6.4.5. Drogues
- 6.5. Market Analysis, Insights and Forecast – By Region
- 6.5.1. North America
- 6.5.2. Europe
- 6.5.3. Asia-Pacific
- 6.5.4. Rest of the world
- 7. North America Aerial Refueling Systems Market Analysis, Insights and Forecast, 2017-2028
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By System
- 7.2.1. Probe & Drogue
- 7.2.2. Flying Boom
- 7.2.3. Autonomous
- 7.3. Market Analysis, Insights and Forecast – By Application
- 7.3.1. Commercial Aircraft
- 7.3.2. Helicopters
- 7.3.3. Military Aircraft
- 7.3.4. Unmanned Aerial Vehicles (UAV)
- 7.4. Market Analysis, Insights and Forecast – By Components
- 7.4.1. Pods
- 7.4.2. Refueling Probes
- 7.4.3. Hoses
- 7.4.4. Boom
- 7.4.5. Drogues
- 7.5. Market Analysis – By Country
- 7.5.1. The U.S.
- 7.5.2. Canada
- 8. Europe Aerial Refueling Systems Market Analysis, Insights and Forecast, 2017-2028
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By System
- 8.2.1. Probe & Drogue
- 8.2.2. Flying Boom
- 8.2.3. Autonomous
- 8.3. Market Analysis, Insights and Forecast – By Application
- 8.3.1. Commercial Aircraft
- 8.3.2. Helicopters
- 8.3.3. Military Aircraft
- 8.3.4. Unmanned Aerial Vehicles (UAV)
- 8.4. Market Analysis, Insights and Forecast – By Components
- 8.4.1. Pods
- 8.4.2. Refueling Probes
- 8.4.3. Hoses
- 8.4.4. Boom
- 8.4.5. Drogues
- 8.5. Market Analysis – By Country
- 8.5.1. The U.K.
- 8.5.2. Germany
- 8.5.3. France
- 8.5.4. Russia
- 8.5.5. Rest of Europe
- 9. Asia Pacific Aerial Refueling Systems Market Analysis, Insights and Forecast, 2017-2028
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By System
- 9.2.1. Probe & Drogue
- 9.2.2. Flying Boom
- 9.2.3. Autonomous
- 9.3. Market Analysis, Insights and Forecast – By Application
- 9.3.1. Commercial Aircraft
- 9.3.2. Helicopters
- 9.3.3. Military Aircraft
- 9.3.4. Unmanned Aerial Vehicles (UAV)
- 9.4. Market Analysis, Insights and Forecast – By Components
- 9.4.1. Pods
- 9.4.2. Refueling Probes
- 9.4.3. Hoses
- 9.4.4. Boom
- 9.4.5. Drogues
- 9.5. Market Analysis – By Country
- 9.5.1. China
- 9.5.2. India
- 9.5.3. Japan
- 9.5.4. Australia
- 9.5.5. Rest of Asia Pacific
- 10. Rest of the world Aerial Refueling Systems Market Analysis, Insights and Forecast, 2017-2028
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights and Forecast – By System
- 10.2.1. Probe & Drogue
- 10.2.2. Flying Boom
- 10.2.3. Autonomous
- 10.3. Market Analysis, Insights and Forecast – By Application
- 10.3.1. Commercial Aircraft
- 10.3.2. Helicopters
- 10.3.3. Military Aircraft
- 10.3.4. Unmanned Aerial Vehicles (UAV)
- 10.4. Market Analysis, Insights and Forecast – By Components
- 10.4.1. Pods
- 10.4.2. Refueling Probes
- 10.4.3. Hoses
- 10.4.4. Boom
- 10.4.5. Drogues
- 10.5. Market Analysis – By Country/Sub-Region
- 10.5.1. The Middle East & Africa
- 10.5.2. Latin America
- 11. Competitive Analysis
- 11.1. Key Industry Developments
- 11.2. Global Market Share Analysis (2020)
- 11.3. Competition Dashboard
- 11.4. Comparative Analysis – Major Players
- 11.5. Company Profiles (Overview, Products & Equipment’s, SWOT analysis, Recent developments, strategies, financials (based on availability))
- 11.5.1. Airbus S.A.S (Netherlands)
- 11.5.1.1. Overview,
- 11.5.1.2. Products & Equipment’s,
- 11.5.1.3. SWOT analysis,
- 11.5.1.4. Recent developments,
- 11.5.1.5. strategies,
- 11.5.1.6. financials (based on availability)
- 11.5.2. Cobham Plc (UK)
- 11.5.2.1. Overview,
- 11.5.2.2. Products & Equipment’s,
- 11.5.2.3. SWOT analysis,
- 11.5.2.4. Recent developments,
- 11.5.2.5. strategies,
- 11.5.2.6. financials (based on availability)
- 11.5.3. GE Aviation (U.S.)
- 11.5.3.1. Overview,
- 11.5.3.2. Products & Equipment’s,
- 11.5.3.3. SWOT analysis,
- 11.5.3.4. Recent developments,
- 11.5.3.5. strategies,
- 11.5.3.6. financials (based on availability)
- 11.5.4. Lockheed Martin Corporation (U.S.)
- 11.5.4.1. Overview,
- 11.5.4.2. Products & Equipment’s,
- 11.5.4.3. SWOT analysis,
- 11.5.4.4. Recent developments,
- 11.5.4.5. strategies,
- 11.5.4.6. financials (based on availability)
- 11.5.5. Boeing (The U.S.)
- 11.5.5.1. Overview,
- 11.5.5.2. Products & Equipment’s,
- 11.5.5.3. SWOT analysis,
- 11.5.5.4. Recent developments,
- 11.5.5.5. strategies,
- 11.5.5.6. financials (based on availability)
- 11.5.6. Eaton Corporation (The U.S.)
- 11.5.6.1. Overview,
- 11.5.6.2. Products & Equipment’s,
- 11.5.6.3. SWOT analysis,
- 11.5.6.4. Recent developments,
- 11.5.6.5. strategies,
- 11.5.6.6. financials (based on availability)
- 11.5.7. Safran S.A. (France)
- 11.5.7.1. Overview,
- 11.5.7.2. Products & Equipment’s,
- 11.5.7.3. SWOT analysis,
- 11.5.7.4. Recent developments,
- 11.5.7.5. strategies,
- 11.5.7.6. financials (based on availability)
- 11.5.8. Israel Aerospace Industries (Israel)
- 11.5.8.1. Overview,
- 11.5.8.2. Products & Equipment’s,
- 11.5.8.3. SWOT analysis,
- 11.5.8.4. Recent developments,
- 11.5.8.5. strategies,
- 11.5.8.6. financials (based on availability)
- 11.5.9. Marshal Aerospace & Defence Group (The UK)
- 11.5.9.1. Overview,
- 11.5.9.2. Products & Equipment’s,
- 11.5.9.3. SWOT analysis,
- 11.5.9.4. Recent developments,
- 11.5.9.5. strategies,
- 11.5.9.6. financials (based on availability)
- 11.5.10. Parker Hannifin (The U.S.)
- 11.5.10.1. Overview,
- 11.5.10.2. Products & Equipment’s,
- 11.5.10.3. SWOT analysis,
- 11.5.10.4. Recent developments,
- 11.5.10.5. strategies,
- 11.5.10.6. financials (based on availability)
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